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...Phil Smith, head of Emea LDI research at BlackRock, said: “This is about broadening out the pool of assets that can be used as collateral, increasing that resilience and trying to avoid losses from having...
...Phil Smith, head of Emea LDI research at BlackRock, the world’s largest asset manager, said demand should remain robust, with sterling-denominated corporate bonds tending to make up “the majority” of these...
...The yield on benchmark 10-year gilts rose to 4.06 per cent, up from 4.03 per cent before the numbers were released....
...Also moving on Tuesday morning was the benchmark 10-year Treasury yield, which rose to a peak of 4.4 per cent, its highest level since November....
...The benchmark FTSE 100 index rose 1.4 per cent after the news, putting it on track to close at a record high....
...Tesla shares, which have fallen 40 per cent this year, rose more than 12 per cent in after-hours trading. Read more on the carmaker’s plans and market reaction. 3....
...Monetary policy: Federal Reserve governor Michelle Bowman, Cleveland Fed president Loretta Mester and San Francisco Fed president Mary Daly will all participate in events today....
...The probability of the first 0.25 percentage point cut being delivered by June rose from about 50 per cent to 60 per cent, with traders moving to price in three cuts by the end of the year....
...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...
...The market-implied probability of the first rate cut by June rose from under 60 per cent to 65 per cent, while sterling nudged down 0.12 per cent against the dollar to $1.2777....
...Continental European commercial property insurance prices rose at the start of the year for the 22nd consecutive quarter, according to an index from broker Marsh....
...The S&P purchasing manager’s index, a measure of activity in the private sector, rose to 53.3 in February, up from 52.9 in January and the highest since May 2023....
...The net private sales rate rose to 0.59 for the first 10 weeks of 2024 from 0.54 in 2023....
...Markets’ rate-cut expectations have been shaken by data this week showing US inflation rose more than expected in March....
...Benchmark 10-year Treasury yields rose 0.05 percentage points to 4.43 per cent....
...Speculation also rose that Sweden’s Riksbank could cut interest rates as soon as May after the country reported lower than expected inflation on Friday....
...Mondi’s shares rose slightly. The gap between the two deals on Wednesday was under 4 per cent....
...In a sign of higher investor activity, the number of outstanding gold futures contracts on Comex has jumped 30 per cent since February 28, while net long positions rose about 64,000 to 208,000 contracts...
...In seven weeks benchmark Treasury yields rose from 4.1 per cent to hit 5 per cent by late October, despite the Fed keeping interest rates steady over the period....
...Benchmark 10-year Treasury yields rose 0.05 percentage points to 4.43 per cent. “Ten-year yields are drifting higher....
...In a further sign of a cooling jobs market, US government figures showed that labour costs rose by the smallest amount since the second quarter of 2021....
...Shares in UK packaging maker DS Smith rose more than 10 per cent on Thursday morning after its board said it had been approached by rival Mondi with a preliminary takeover bid....
...The yield on benchmark US Treasuries has risen by about 3 percentage points in the past two years to roughly 4.5 per cent, and last month it rose above 5 per cent....
...The S&P 500 experienced its sharpest decline since the middle of February and US government bonds also rose as investors sought safe-haven assets....
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