macro
Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursday’s smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.
Peru left borrowing costs unchanged for a 12th straight month as policymakers bet that the recent inflation spike will prove temporary.
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week.
Philip R. Lane: Diversity at the European Central Bank
Federal Reserve Board announces termination of enforcement actions with United Texas Bank, Quontic Bank Acquisition Corp., and Quontic Bank Holdings Corp.
Treasury Secretary Scott Bessent dismissed any concerns with regard to Thursday’s smaller-than-expected debt buyback operation, and played down concerns about a jump in yields.
Yields on US government debt rose to fresh multiyear highs — stoking demand for an auction of 30-year bonds — as surging oil prices bolstered the case for a Federal Reserve interest-rate hike as soon as next week.
The dollar rose as strong US producer prices and an oil rally boosted bets on Federal Reserve interest-rate hikes this year, putting more focus on Friday’s inflation report.
automated-news
Close ally of Kevin Warsh says Federal Reserve officials who argue rates are restrictive are ‘just ridiculous’
The US government purchased less longer-dated debt than investors anticipated in Treasury Secretary Scott Bessent’s first expanded buyback operation, intensifying a selloff that pushed borrowing costs to multiyear highs.