Treasury yields rise, 10-year climbs to 1.23%

There are no major economic releases due out on Wednesday. Auctions are scheduled to be held on Wednesday for $30 billion of 119-day bills and $24 billion of 20-year bonds. U.S. Treasury yields rose on Wednesday morning, with the 10-year rate climbing to 1.23%. The yield on the benchmark 10-year Treasury note added 2 basis […]

Treasury yields climb ahead of Fed policy meeting

The central bank is not expected to announce any changes to its policy. However, investors will be keeping a close eye on comments from Fed Chairman Jerome Powell, in a press conference following the meeting on Wednesday afternoon. U.S. Treasury yields climbed on Tuesday morning, ahead of the Federal Reserve's two-day policy meeting, due to […]

Treasury yields fall following Fed Chair Powell's comments on the economy

Fed Chair Powell and Treasury Secretary Janet Yellen are due to make their first joint appearance in front of the U.S. House Committee on Financial Services at 12 p.m. ET on Tuesday. In prepared remarks, Powell said that the economic recovery from the pandemic had "progressed more quickly than generally expected and looks to be […]

Last-minute fight over the Fed's lending powers is hampering Covid stimulus deal

A last-minute fight over the Fed's lending powers has become the latest hurdle for lawmakers hoping to pass a $900 billion stimulus bill. Democrats are criticizing Sen. Pat Toomey, R-Pa., who is trying to prevent the incoming Biden administration from reviving the Fed's powers. Those lending powers will expire at the end of the year. […]

CEO of world's biggest money manager sees 'more to go on the upside' for the stock market

BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher. "I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19," Fink said. He added, "We have a strong conviction that the average investor still is under-invested." BlackRock Chairman […]