Treasury yields ticked downward on Tuesday as traders prepared for key inflation figures due out later this week.
Japan PM Lacks ‘Political Capital' to Revise Post-War Constitution Despite Election Win, Analyst Says
President Joe Biden is beginning his Middle East trip, which will include a visit to Saudi Arabia and meetings with OPEC leaders in an effort to push for higher oil production to ease prices. U.S. Treasury Secretary Janet Yellen will meet with Japanese Finance Minister Shunichi Suzuki on Tuesday to discuss further sanctions against Russia for its war in Ukraine.
Gold hit its lowest level since late September as the dollar reached a two-decade high, trading at $1,732.40 per ounce at 8:30 a.m. in London. On Friday, yields had jumped following the jobs report, on the assumption that the U.S. Federal Reserve will be more aggressive with its rate-hiking path.
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Treasury yields ease lower ahead of inflation data later this weekU.S. Treasury yields were slightly lower Monday as traders continued to digest the latest jobs report and looked ahead to inflation figures.
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This Genius Cooking Hack Yields A Gut-Supporting Veggie Side DishWhat if we told you there was a healthy and delicious way you could use your vegetable leftovers and make the perfect summer side dish? This broccoli stem salad is the ideal complement to your picnic staples. 🥦
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Treasury yields ease lower ahead of inflation data later this weekU.S. Treasury yields were slightly lower Monday as traders continued to digest the latest jobs report and looked ahead to inflation figures.
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European Markets Set to Slide at the Open as Investors Prepare for More U.S. Inflation DataEuropean stocks are expected to open lower on Monday as investors prepare for more key inflation data out of the U.S. this week.
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FX Week Ahead - Top 5 Events: Eurozone Economic Sentiment; UK GDP; US Inflation Rate; BOC Rate Decision; Australia Jobs ReportThe upcoming UK GDP is expected to show no growth for the three months through May. The June US CPI will give the ammunition the Fed needs to justify a 75-bps hike. The BoC will likely raise rates by 75-bps.
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