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...In his opening remarks, Mike Crapo, the Republican senator from Idaho who chairs the banking committee, said he wanted to know what factors Mr Powell will be considering in deciding the right size of its...
...Mike Lee, a conservative senator, criticised his party’s efforts this week, saying in a Facebook video: “If you’re frustrated by the lack of transparency in this process, I share your frustration....
...The two-year Schatz yield fell 8bp to 0.96 per cent, widening the yield spread between two- and 10-year debt by 5.5bp to 200bp....
...Mike Lenhoff, chief strategist at Brewin Dolphin, said that at a very rough estimate, a 10 per cent depreciation in the dollar, as measured by its trade-weighted index, boosted earnings for the S&P 500 by...
...The two-year German Schatz yield fell 2bp to 1.26 per cent ahead of tomorrow’s interest rate decision from the European Central Bank....
...In Europe, the two-year Schatz took its cue from its UK counterpart and the yield climbed 9bp to 1.26 per cent. Equity markets saw choppy trading....
...“The degree of apprehension associated with the credit crisis has lessened,” said Mike Lenhoff, chief strategist at Brewin Dolphin....
...The two-year Schatz yield fell 7bp to 3.65 per cent, while the 10-year Japanese government bond yield shed 4.5bp to 1.42 per cent....
...The yield on the rate-sensitive two-year Schatz was up about 1 basis point, while the benchmark 10-year gilt yield was 2 basis points higher....
...The yield on the two-year Schatz was 1.6bp higher at 3.808 per cent and the 10-year Bund yield rose by the same amount to 3.822 per cent....
...The yield on the two-year Schatz was down 0.8bp to 3.673 per cent in late trading in London and the yield on the 10-year Bund was up 0.3bp to 3.712 per cent....
...But on Thursday morning, the yield on the two-year Schatz rose above the 10-year Bund to stand one basis point higher....
...“Both of this morning’s US economic reports have capped downside risk to the second quarter economy,” said Mike Englund, of Action Economics....
...The two-year Schatz saw its yield down 2.3bp at 2.991 per cent, while 10-year bund yields were 4.4bp lower at 3.478 per cent in late trading....
...In late afternoon trading in London, the two-year Schatz yield was up 1.1bp to 2.404 per cent and the 10-year Bund yield gained 3.7bp to 3.190 per cent....
...The yield on the 10-year Bund was just 0.6bp lower at 3.3 per cent while the two-year Schatz was yielding 2.233 per cent, up 1bp....
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