Tailing 2 bps at US 20-year debt auction
The US 20-year bond auction tailed by 2 bps, with a bid-to-cover below the average.
The US 20-year bond auction tailed by 2 bps, with a bid-to-cover below the average.
Global government bond yields have surged to multi-year highs as inflation and borrowing concerns drive a broad selloff across developed markets.
Robert Kiyosaki says the biggest stock and bond crash has begun, tying it to predictions from his 2002 book.
Markets see 91% chance of Fed rate hike on Wednesday, but attention turns to signals for further tightening.
Euro area households hold nearly €10 trillion in cash and deposits, with 80% owning no stocks, ECB blog finds.
Senate leader Thune is open to banning diesel exports, a move that could disrupt markets and invite retaliation, as diesel prices hit record $6.285.
Canada will allow immediate expensing for most new capital investment, Prime Minister Mark Carney said.
Strike CEO Jack Mallers says US debt-to-GDP over 120% points to inflation, cites Japan's example, and sees Bitcoin as the best hedge.
Gold is pressured ahead of the FOMC decision as markets focus on the dot plot and oil prices.
Canada's July wholesale sales rose 0.3%, beating the -0.5% forecast, though volumes fell 0.6%.
New York's September manufacturing index fell to +7.6, well below the +15.0 forecast, from +20.6 in August.
ADP weekly employment estimate rose to 16,250 for the four weeks ending August 29, exceeding the 12,000 forecast.
The dollar rallies ahead of the Fed's expected 25bp hike, while Treasury yields rise, oil stays above $102, and stocks edge lower.
Crypto slips and markets trade rangebound as investors await the Clarity Act vote and tomorrow's FOMC decision.
Germany's ZEW economic sentiment rose less than expected in September, while the current conditions index beat forecasts, indicating cautious optimism amid…