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...But he said he did not think recent readings had “really changed the overall story” of price pressures easing to 2 per cent....
...The fund group forecast that gilts would deliver an average annual return of 3.7 per cent over the next decade, compared with 4.4 per cent for Italian government bonds and 2.2 per cent for German Bunds....
...Despite the two consecutive monthly increases, output was still 0.2 per cent below its level in February last year....
...Interest rate sensitive two-year German Bund yields — a benchmark for the eurozone — held steady at 2.98 per cent, up 0.02 percentage points on the day....
...Excluding bonuses, annual growth slowed from 6.2 per cent to 6.1 per cent....
...Interest rate sensitive 2-year gilt yields nudged down 0.06 percentage points after cooler than expected UK inflation data prompted traders to raise bets on Bank of England interest rate cuts....
...“In politics, when you straddle a fence, it does not end well,” said Mary Anne Marsh, a Democratic strategist. “[Trump] wants it both ways....
...“What took it from $2,000 [last month] to above $2,150 is the head-scratching part.”...
...Last month the Fed nudged up its estimate for its long-term policy rate from 2.5 per cent to 2.6 per cent....
...Interest rate sensitive 2-year gilt yields dropped from 4.14 per cent ahead of the announcement to 4.12 per cent, down 0.11 percentage points on the day....
...The yellow metal struck $2,141 per troy ounce on Tuesday, beating the previous record of $2,135 set in December, according to LSEG data, before soon paring gains to trade up 0.8 per cent at $2,131 on the...
...In his annual letter to shareholders, the head of the largest US bank by assets said JPMorgan had plans for interest rates going above 8 per cent and as low as 2 per cent....
...Sterling also nudged lower, falling 0.2 per cent against the dollar at $1.2696....
...The pound fell 0.07 per cent to $1.2803 after official figures showed that average earnings excluding bonuses rose 6.1 per cent in the three months to January, slightly lower than the 6.2 per cent forecast...
...Benchmark German government bond yields have risen from 2.03 per cent to 2.43 per cent since the start of January, reflecting a fall in prices....
...A closely watched gauge of long-term US inflation expectations — the so-called five-year, five-year forward break-even rate — has nudged up to 2.26 per cent, from 2.15 per cent at the start of the year,...
...Output in the industrial sector fell by 0.2 per cent month on month, while strikes dampened activity in the transport and health sectors....
...Mary McDougall...
...And last week, the Commerce Department reported that the personal consumption expenditures price index — the measure of inflation the Fed uses for its target — accelerated at a pace of 2.5 per cent in February...
...of 2.8 per cent....
...But the euro later slipped 0.3 per cent against the dollar to $1.0706 while the rate-sensitive 2-year German Bund yield — a benchmark for the eurozone — rose 0.02 percentage points to 2.8 per cent....
...The pound slid 0.2 per cent to $1.2565 after official figures showed the UK’s annual inflation rate was 4 per cent last month — in line with the previous month and below 4.2 per cent expected by economists...
...The shift in sentiment helped push the spread — or gap — between benchmark 10-year US and German government borrowing costs to 2.17 percentage points, its highest level since 2019....
...Benchmark 10-year borrowing costs have risen to 4.2 per cent from 4 per cent in March and 3.6 per cent at the start of the year....
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