U.S. bond yields nudged higher on Tuesday on diminished demand for fixed-income assets as investors prepared for this week’s release of minutes from the Federal Reserve’s July meeting. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.240% rose 4.8 basis points to 3.249% at 3 p.m. Eastern. The yield on the 10-year Treasury TMUBMUSD10Y, …
Stocks aren’t the only thing sizzling this summer. U.S. corporate bonds with speculative, or “junk,” credit ratings also have staged a breakneck rally in recent weeks, picking up momentum seen lately in major stock indexes as investors bet on a softish landing for the economy. Junk bond spreads last week posted their quickest retreat on …
Social Security and Medicare are two of the government’s mandatory spending programs — and popular ones at that — but one senator has suggested changing that label, making them vulnerable to annual budget cuts every year. Under the current structure, Social Security and Medicare budgets are automatically approved and paid out, but under Wisconsin Republican …
House construction in the U.S. continued to slow in July, as high inflation and higher mortgage rates make it more expensive to build and buy property. Housing starts in July fell 9.6% from the month before to a seasonally adjusted annual rate of 1.45 million, the Commerce Department said Tuesday, down from a revised 1.6 …
Life in America has been getting back to “normal,” except when it comes to the office. Travel and dining have come roaring back, providing a vital shot in the arm to restaurants, hotels and businesses more than two years after the pandemic gripped the nation. The comeback has New York City expecting a 70% surge …
NEW DELHI—A Chinese survey ship arrived at Sri Lanka’s southern port of Hambantota on Tuesday after the visit was delayed over security concerns raised by India. The Yuan Wang 5 was originally scheduled to arrive on Aug. 11 before Sri Lanka requested a deferral. On Saturday, Sri Lanka’s Foreign Ministry said the vessel was given …
The unemployment rate in the U.K. rose slightly in the three months to June, although the country’s labor market remained tight. The U.K.’s unemployment rate stood at 3.8% in the three months through June, up from 3.7% in the preceding three-month period, according to data from the Office for National Statistics published Tuesday. Employment continued …
ADELAIDE, Australia—BHP Group Ltd. said its annual profit nearly tripled as it benefited from the sale of its petroleum business and strong commodity prices, but it signaled an uncertain outlook as rising interest rates take their toll on developed economies. BHP, the world’s biggest miner by market value, on Tuesday reported a net profit of …
Treasury yields fell Monday after U.S. economic data fell short of expectations and unexpected signs of slowing in China’s economy stirred fears about a global slowdown. What yields are doing The yield on the 2-year Treasury note TMUBMUSD02Y, 3.174% fell 5.6 basis points to 3.166% at 3 p.m. Eastern. Yields and debt prices move opposite …
The Federal Reserve said Monday it would adopt a tiered approach toward determining whether to grant financial institutions access to its payment systems and signaled that cryptocurrency companies would be subject to a higher level of review. The Fed’s board in Washington issued final guidelines Monday for its 12 regional branches to use when evaluating …