Stocks fell sharply on Thursday as U.S.-China trade worries persisted with more companies suspending business with Chinese telecom giant Huawei.Marketsread more
The yield on the 10-year Treasury note fell to its lowest level since 2017 as more traders grew confident in a longer U.S.-China conflict.Bondsread more
A Ministry of Commerce spokesperson does not single out any U.S. action, but it's been a tense couple of weeks for the trade war.World Politicsread more
In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's...Politicsread more
"For them to say that they don't work with the Chinese government is false," Secretary of State Mike Pompeo tells CNBC.Politicsread more
Facebook has stopped paying commission to staff for selling political advertisements on its platform, The Wall Street Journal reported.Technologyread more
Prosecutors allege that Stephen Calk, former president of Chicago-based Federal Savings Bank, loaned former Trump campaign chair Paul Manafort as much as $16 million in...Politicsread more
Oil prices tumble as the market braces for a prolonged U.S.-China trade war and on signs the U.S. is willing to negotiate with Iran.Energy Commoditiesread more
U.S. manufacturer growth hit new lows in May, the latest sign that the economic slowdown accelerated amid the ongoing trade war.Economyread more
Wall Street is under pressure, but a handful of stocks are breaking out to new highs. McDonald's, Waste Management, Hershey, Visa and Costco have notched records this month,...Trading Nationread more
In its 35-year history, Dell has grown from a PC maker to a technology conglomerate with $90 billion in revenue and services in storage, servers, cloud infrastructure and data...Technologyread more
U.S. government debt yields fell on Monday while the so-called yield curve continued to flatten amid projections of slowing economic growth and weaker inflation.
Portions of the yield curve, which first inverted earlier this month, remained downward sloping Monday with short-term 2-year Treasury note yields above 5-year Treasury note yields. At 11:58 a.m. ET, the yield on the benchmark 10-year Treasury note fell to around 2.849 percent, the 16th time in the past 18 trading sessions the benchmark rate has declined.
The 2-year note yield was last seen at 2.705 percent while the 5-year note yield slipped to 2.694 percent. The closely followed spread between the 2-year Treasury note yield and the 10-year Treasury note yield remains positive, though flattening at around 13 basis points. Yields fall when bond prices rise.
Investors are increasingly concerned about a possible economic slowdown, shortly after the U.S., China and Japan all reported weaker-than-expected economic data. It comes after Wall Street's main indexes closed more than 2 percent lower on Friday, registering their largest weekly percentage declines since March.
Short-term yields have been anchored in place in recent months as Federal Reserve Chair Jerome Powell led his colleagues in three increases to the overnight lending rate and, until recently, suggested that the central bank could continue to hike the overnight rate multiple times in 2019.
However, the recent stock sell-off, paired with worries about global growth and lackluster inflation, have spelled tighter financial conditions and softer monetary policy forecasts. Yields of all maturities have fallen in recent weeks, though inflation-sensitive long-term rates have shouldered the brunt of the yield contraction as more investors start to readjust GDP forecasts.
Just nine days ahead of the December Federal Open Market Committee meeting, famed hedge fund manager Paul Tudor Jones told CNBC that current conditions will stand in the way of more rate hikes next year after a fourth and final increase later this month.
"The one thing I would say is there's a high probability that this hike, assuming they hike, will be the last one for a long time," Jones told CNBC's Andrew Ross Sorkin during a "Squawk Box" interview.
Using the Goldman Sachs commodity index as a baseline, Jones said prices are down 15 percent over the past 40 days. That gives the Fed no impulse to rate rates, he added.
"Never in the history of the Fed have we had that kind of deflationary impulse eight days before a hike," he said.
The difference between the 5-year Treasury inflation-protected securities, or TIPS, and the corresponding Treasurys hit 1.72 percentage points last Tuesday. That spread is a practical look at the market's projection of where inflation is heading, and is down from highs over 2 percent in October.