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...Yellen added that Treasury officials believed they had made some progress when it came to specific financial institutions that were of concern....
...But she conceded that increasing the amount of money claimed through the scheme would hit Treasury tax revenues....
...US government bonds remained under pressure on Thursday after fresh data showed the world’s biggest economy slowed in the first quarter of 2024, but inflationary pressures persisted....
...Wall Street’s benchmark S&P 500 was down 0.5 per cent at the end of the day, while the technology-heavy Nasdaq Composite closed 0.6 per cent lower....
...A $39bn auction of 10-year Treasuries has been caught up in the broad bond sell-off that followed Wednesday’s US inflation numbers, leaving big banks to mop up almost a quarter of the bonds on offer....
...US stocks weakened against a backdrop of rising yields on long-dated Treasuries and oil prices hitting their highest level this year....
...Treasury yields hit their highest levels of the year on Monday as traders revised their outlooks for US monetary policy amid a robust labour market....
...Yields on two-year and 10-year Treasuries leapt to their highest levels since mid-November following the release of the inflation data....
...The Treasury said the decision to abolish the relief came after an external evaluation revealed “a high number of abusive claims” and found that 51 per cent of claims for relief were made by private individuals...
...“If the world were really scared, Treasury yields would be lower [and] they’re not,” said Harvest’s Zigmont Treasury yields rose steadily to hit five-month highs, suggesting inflationary worries were the...
...The benchmark S&P 500 was up 0.3 per cent on Wednesday afternoon, with about 84 per cent of the index’s constituents trading higher....
...Like I mentioned earlier, long-dated Treasuries sold off last summer in part because of the sheer size of auctions of Treasury notes and bonds....
...“If equities are selling off because Kashkari said we might have no cuts this year, you’d expect [Treasury] yields to rise,” Mike Zigmont, head of trading and research at Harvest Volatility Management, said...
...Those moves came as traders in the futures market reduced bets on three interest rate cuts this year and pushed forward expectations of when those cuts would start — to September from July....
...The influential House of Commons Treasury select committee — whose chair Harriett Baldwin had described HMRC’s plans as a “great shame” — welcomed the U-turn, saying “common sense has prevailed”....
...Yields on rate-sensitive two-year US Treasuries rose 0.06 percentage points to 4.23 per cent....
...Monday’s Treasury market moves were likely to have been caused by “a combination of the stronger PCE spending print on Friday and strong ISM”, said Gennadiy Goldberg, head of US rates strategy at TD Securities...
...The Treasury confirmed plans to allow private UK companies to trade their shares on new exchanges by the end of the year, in a further effort to boost London’s capital markets and the number of future initial...
...A market measure of volatility in Treasury bonds hit its lowest level in two years on Wednesday, as investors’ views on interest rate cuts have come into line with the Federal Reserve’s forecasts....
...Washington will not allow a glut of Chinese production to wipe out American manufacturers of green technology, US Treasury secretary Janet Yellen has warned ahead of a trip to China....
...Last year, the House of Lords economic affairs committee called for a review of the way senior BoE appointments are made, pointing out that three of the bank’s deputy governors previously worked at the Treasury...
...[THUNDER RUMBLING] One of those hit four years ago in March 2020. Kate Duguid Usually in moments of crisis, people buy Treasuries....
...Now the Securities and Exchange Commission, the Office of the Comptroller of the Currency and the Treasury are also involved, the person said....
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