Daily Report | 2 October 2023
The Dow Jones Industrial Average led the way down on the last trading day of September with a 0.5% correction, as fears of a continued Fed rate hike and US government shutdown still haunted market sentiment.
US10YT Seems to Start Pulling Back From The Upper Channel Resistance
The rally in US Treasury yields stalled ahead of important Inflation data due this Friday. Investors are also monitoring progress in the capital Washington on whether policymakers will be able to avert a US government shutdown.
Daily Report | 29 September 2023
The Dow Jones Industrial Average jumped 0.4%/116 points on Thursday (28/09/23) as investors bought on weakness in Technology stocks (causing the Nasdaq to lead all three major US indexes with a 0.8% gain), while the rally in US Treasury yields stalled ahead of important Inflation data due this Friday.
The US Treasury Yield is Staying at Its Highest Level in Over A Decade
The US Treasury yield is staying at its highest level in over a decade, with the 10-year yield nearing 4.55%, after JPMorgan’s Jamie Dimon warned that the Federal Reserve could raise interest rates (as high as) to 7%.
Daily Report | 27 September 2023
Wall Street’s main indexes ended down over 1% on Tuesday (26/09/23), with the Nasdaq leading the decline by 1.57%, as 10-year US Treasury yields continue to remain at its highest level since 2007 (or 16 years); with investors still wrestling with prospects for a long period of high interest rates amid the economic fallout.
The United States 10-Year Yield Rose to Highest Level Since 2007
The United States 10-Year yield rose to highest level since 2007 as investors look ahead to remarks by Federal Reserve speakers and key economic reports this week including inflation and quarterly economic growth data that will play a role in Fed’s thinking on monetary policy.
Daily Report | 26 September 2023
The Dow made a late dash higher on Monday (25/09/23) trading, as an Amazon fueled rise in Technology sector, making the Nasdaq the top index with a 0.5% gain; a jump in energy stocks helped stocks wriggle away from the squeeze delivered by surging US Treasury yields.
The 10-year US Treasury Yields Benchmark Touched A 16-Year
The 10-year US Treasury yields benchmark touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank’s 2% target.
Daily Report | 22 September 2023
Wall Street tanked in a broad sell-off across all three of its major indexes, where all of them tumbled more than 1%, while benchmark 10-year US Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank’s 2% target.
