Bond yields moved higher on Thursday as traders continued to discount debt-ceiling negotiations and Federal Reserve policy trajectory.
What’s happeningWhat’s driving markets Debt-ceiling concerns and Federal Reserve policy continue to impact different parts of the market for U.S. government paper.What’s happening What’s driving markets Debt-ceiling concerns and Federal Reserve policy continue to impact different parts of the market for U.S. government paper.
The prospect of a technical default by the world’s largest economy — possibly as soon as the start of June — saw traders dump Treasury bills maturing on June 1st, pushing yields up to multi-decade highs of 7.226% by late Wednesday, according to Tradeweb data. Markets are pricing in a 66% probability that the Fed will leave interest rates unchanged at a range of 5.0% to 5.25% after its meeting on June 14, according to the CME FedWatch tool.
U.S. economic updates set for release on Thursday include the weekly initial jobless claims data and the second reading of first quarter GDP, both at 8:30 a.m. Eastern. Pending home sales for April will be published at 10 a.m..
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas' Black high school football history on show at Bryan Museum's 'Thursday Night Lights' exhibitIt's Yates vs. Wheatley and much more in this look back at the legacy of Black high...
Read more »
James Bond's Classic Dr. No Introduction Recreated In Stylized Fan ArtJames Bond's introduction in his classic first film, Dr. No, has been recreated in stylized fan art, capturing the iconic moment in a unique way.
Read more »
'The Witcher' Season 3 Will Strengthen the Bond Between Geralt & CiriTheWitcher Season 3 will strengthen the bond between Geralt and Ciri, says Henry Cavill.
Read more »
Woman charged in drunk driving killing of bride in South Carolina seeks bondDefense attorneys are seeking bond for an alleged drunken driver who police say slammed into newlyweds riding along a South Carolina beach road, killing the bride.
Read more »
Watch Rocket Lab launch 2 tiny NASA hurricane-watching probes early ThursdayThe second set of TROPICS cubesats will launch at midnight ET on Thursday (May 25).
Read more »
Forney murder suspect's push to reduce $2 million bond rejected by judgeBREAKING: A judge has rejected an effort from Trevor McEuen to reduce his bond from $2 million. McEuen is in the Kaufman County jail after allegedly shooting his neighbor, 35-year-old Aaron Martinez, 17 times on May 1.
Read more »