May 31, 2018 United States: Treasury Volatility Reawakens With Biggest Jump Since 2016 Italian politics just did what a correction in U.S. equities and a breach of 3 percent on the U.S. 10-year yield could not: knocked the Treasury market out of its slumber. Rates volatility has re-emerged, with Merrill Lynch’s MOVE Index surging by
May 30, 2018 Access Financial Services Limited (AFS) for the year ended March 31, 2018 reported $1.47 billion in total interest income, a 16% increase relative to the $1.27 billion recorded in 2017. Of this, Interest Income from Loans amounted to $1.46 billion (2017: $1.26 billion) while Interest Income from Securities totaled $10.62 million (2017:$9.12
May 30, 2018 United States: Stocks Drop, Bonds Rally as Italy Woes Jolt Assets: Markets Wrap U.S. stocks tumbled the most in more than a month, joining a global equity selloff sparked by concern Italy’s political woes will destabilize Europe. Treasuries surged, oil plunged and the yen rallied. Selling in American equities picked up pace
May 29, 2018 United States: U.S. Futures Fall as Italy’s Political Turmoil Hits Markets U.S. equity futures tumbled, following global shares lower, as Italy’s political turmoil deepened. U.S. 10-year Treasuries and the dollar advanced as the euro touched its lowest level since July. Oil extended losses after Saudi Arabia and Russia said they are mulling
May 28, 2018 United States: U.S. Stock Futures Rise as Trump-Kim Summit Appears Back On U.S. stock futures rose in Asian trading as President Donald Trump appeared to confirm the summit with North Korean leader Kim Jong Un was back on, three days after it was abruptly called off. S&P 500 Index futures climbed 0.5
May 25, 2018 United States: Dollar Bears Risk Another Knock-Down If U.S. Data Remain Buoyant As the dollar’s best rally since 2016 pauses amid a lookout for fresh catalysts, key U.S. data due in the coming days will be crucial. The Federal Reserve’s preferred gauge of inflation, payrolls figures for May, first-quarter growth and personal
May 24, 2018 United States: Stocks Rebound as Fed Says No Reason to Rush Rates: Markets Wrap U.S. stocks clawed back early losses to trade higher after minutes from the most recent Federal Reserve meeting showed central bankers in no hurry to accelerate the pace of rate hikes even as the economy continues to improve.
May 22, 2018 United States: Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000 You need to rifle through 18 years of history to find selloffs that compare to the one corporate bond investors are now enduring. Debt of American companies just posted their third-worst 100-day returns since 2000, according to a JPMorgan
May 21, 2018 United States: U.S. Puts ‘Trade War’ Against China on Hold, Mnuchin Says The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven Mnuchin said. “We’re putting the trade war on hold. So right now,
May 18, 2018 United States: Fed's Mester Warns Against Dismantling Post-Crisis Bank Reforms Federal Reserve Bank of Cleveland President Loretta Mester warned against dismantling core reforms that have made U.S. banks better able to withstand a financial crisis. “It would be a mistake to unwind the steps taken since the financial crisis that have led
