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(Bloomberg) — Tudor Investment Corp. trader Alexander Phillips lost about $140 million in April through earlier this week as President Donald Trump’s tariff barrage hammered financial markets, including US Treasuries. The mark-to-market losses on Phillips’ trading book erased his pre-April gains for 2025, and he was down by about $80 million for the year as…
The yield on the benchmark Treasury 10-year note rose almost one-half percentage point this past week to 4.49% in often chaotic trading that former Treasury Secretary Larry Summers likened to an occurrence in an emerging market country. The 30-year Treasury came close to 5% on Friday before pulling back to a 4.9% yield. The sharp…
NEW YORK (Reuters) -U.S. Treasury yields rose to a two-month high on Friday and 10-year yields were on track for their biggest weekly increase in decades, while the U.S. dollar fell, as a turbulent week drew to a close. U.S. stock indexes rose more than 1%, with bank shares rising following mostly upbeat earnings. Also…
New York, US stocks jumped Friday in another manic day on Wall Street, while the falling value of the US dollar and other swings in financial markets suggested fear is still high about escalations in President Donald Trump’s trade war with China. The S&P 500 rallied 1.8%, after veering repeatedly between gains and losses, to…
(Bloomberg) — Individual investors are trying to dump Banco Master SA bonds, pushing yields higher and making it tougher for the struggling lender to raise cash needed for short-term obligations. A total of more than 10 billion reais ($1.7 billion) in Banco Master time deposit certificates, called CDBs, are up for sale on retail online…
(Bloomberg) — Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Nifty futures point to a positive start as traders return from a local holiday, but…
(Bloomberg) — Global bonds reacted violently to a turbulent day for US Treasuries, with markets rapidly unwinding bets on interest-rate cuts in the wake of US President Donald Trump’s surprise pause on tariffs. The yield on the German two-year note soared nearly 20 basis points before paring as traders slashed wagers on the extent of…
Bonds from Australia to Japan swung after a turbulent day for US Treasuries, as markets rapidly unwound bets on interest rate cuts in the wake of Donald Trump’s surprise pause on tariffs. Policy-sensitive bonds in Australia and New Zealand plunged while longer-tenor debt rallied, echoing the flattening of the yield curve in the US. The…
(Bloomberg) — There’s a growing discussion on Wall Street that the Federal Reserve may need to step in to stabilize the Treasury market if the rout that briefly propelled long-term US borrowing costs above 5% continues. Mounting doubts about the safety of US assets due to US President Donald Trump’s escalating trade war deepened the…
Margin calls, need for liquidity exacerbate bond selloff Unwinding of basis trade reminds investors of 2020 market crash Swap spreads tighten sharply, signaling selling pressure By Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK, – A violent U.S. Treasury selloff, evoking the COVID-era “dash for cash,” has reignited fears of fragility in the world’s biggest bond…
