Treasury yields bounce back after data shows no signs of rising layoffs and durable-goods orders holding up after taking transportation out of the equation.
Treasury yields bounced back Thursday morning after U.S. data showed no signs of rising layoffs in the latest week and July durable-goods orders held up after taking transportation out of the equation.
What’s happening What’s driving markets Benchmark Treasury yields were higher on Thursday after data showed U.S. initial jobless benefit claims fell to a three-week low of 230,000 last week, and durable goods orders rose for a third straight month for July after setting aside recent issues at Boeing BA, -3.29%. Including transportation, though, orders sank by 5.2% last month.
Meanwhile, traders are awaiting Friday’s Jackson Hole speech from Federal Reserve Chairman Jerome Powell.Ahead of his comments, markets are pricing in an 82.5% probability that the Fed will leave interest rates unchanged at a range of 5.25%-5.5% on Sept. 20, according to the CME FedWatch Tool. The chance of a 25-basis-point rate hike to a range of 5.5%-5.75% at the subsequent meeting in November is seen at 40.5%.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
30-year Treasury yield dips from 12-year high after attracting buyersLong-dated U.S. Treasury yields hold steady near their highest levels since 2007 and 2011.
Read more »
10-year Treasury yield falls as traders look ahead to Powell's Jackson Hole speechU.S. Treasury yields were higher at the long end of the curve as investors assess the outlook for interest rates ahead of the Fed’s Jackson Hole symposium.
Read more »
10-year Treasury yield dips slightly as investors await Jackson Hole meetingU.S. Treasury yields were mixed on Thursday as investors await signals on monetary policy from central bankers at the upcoming Jackson Hole meeting.
Read more »
U.S. stocks mostly higher after rise in Treasury yields stallsU.S. stocks edge higher Tuesday as Treasury yields paused near 16-year highs.
Read more »
High Treasury yields, a contributor to the recent pullback in stocksWith the path of least resistance for stocks seemingly lower for now, key to watch will be a stabilization in interest rate volatility and clarity on
Read more »
Wall St loses steam as higher Treasury yields weigh, Nvidia erases gainsWall Street's main indexes pared gains, as US Treasury yields rose on growing worries about interest rates staying higher for longer.
Read more »