Finance

Treasury yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements. The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move inversely to prices. Negotiators from Britain and the European Union reached a free trade agreement
0 Comments
Wells Fargo Securities is pushing a bearish case for the prices of bonds in its official 2021 outlook. Michael Schumacher, the firm’s head of macro strategy, expects the 10-year and 30-year Treasury Note yields to move meaningfully higher due to progress against the coronavirus. “In a word, it’s vaccines,” he told CNBC’s “Trading Nation” on
0 Comments
A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Pfizer, BioNTech — Shares of the drug makers fell 2% and 6% respectively, despite the Food and Drug Administration’s approval of the firms’ Covid-19
0 Comments
Stock futures were flat in overnight trading on Thursday as the future for additional fiscal stimulus remained uncertain. Futures on the Dow Jones Industrial Average gained about 50 points. S&P 500 futures and Nasdaq 100 futures were both little changed. The overnight action followed back-to-back losses for the S&P 500 as negotiations over a coronavirus
0 Comments