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US Treasuries rallied after a strong note auction and data revealed the world’s top economy shrank at the start of the year, reinforcing bets the Federal Reserve will lower interest rates twice by early 2026. US government debt extended gains Thursday after the Treasury Department received robust demand for a sale of new notes. Investors…
By Naomi Rovnick, Stella Qiu LONDON/SYDNEY (Reuters) -The dollar headed for its first weekly fall in five weeks against major currencies on Friday and long-dated Treasury yields stayed elevated, as U.S. debt concerns that have mounted for years started driving moves in currencies and global debt. Investor attention has switched from tariff anxiety to U.S….
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…
Japan shouldn’t think about selling US Treasuries holdings Weak yen behind rising cost of living, Onodera says Remarks come as Japan gears up for trade talks with US TOKYO, – Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the…
(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…
By Caroline Valetkevitch, Amanda Cooper NEW YORK/LONDON -The latest escalation in the trade war between the United States and China rattled global markets again on Wednesday, with Treasuries and the U.S. dollar falling in a selloff of some U.S. assets. U.S. stocks edged higher, however, led by gains in technology shares as investors weighed whether…
A pullback from US Treasuries sent longer-term yields surging by the most since pandemic struck in 2020, deepening losses in what’s supposed to be a haven from financial turmoil and roiling markets abroad as investors sold government bonds to raise cash. The yield on 30-year Treasuries briefly pushed over 5% in Asia and seeped into…