Overview Yield Movement Here are the key movements in bond yields: The yield on the 2-year Treasury (BX:TMUBMUSD02Y) slipped by 5.5 basis points to 4.906%. Remember, yields have an inverse relationship with prices. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) retreated 4.2 basis points to 4.176%. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) fell 1.5 basis points to … [Read more...] about Bond Yields Fall Ahead of Federal Reserve Minutes
Ivanhoe Mines’ Kamoa Copper Venture Strikes Deal to Export Concentrate by Rail
Ivanhoe Mines, a Canadian mining company, has announced that its part-owned Kamoa Copper venture in Congo has reached an agreement to export concentrate via rail to the Atlantic port of Lobito in Angola. This deal aims to reduce transportation distance and accelerate shipments that are currently being transported by truck. The venture has signed a memorandum of understanding … [Read more...] about Ivanhoe Mines’ Kamoa Copper Venture Strikes Deal to Export Concentrate by Rail
Concerns about Inflation Drive U.S. Stocks Lower
The U.S. stock market experienced consecutive losses on Wednesday as the minutes from the Federal Reserve's July meetings revealed worries about a potential resurgence of inflation. According to preliminary data from FactSet, the Dow Jones Industrial Average (DJIA) declined approximately 180 points, or 0.5%, settling near 34,765. Similarly, the S&P 500 index dropped 0.8%, … [Read more...] about Concerns about Inflation Drive U.S. Stocks Lower
Agilent Technologies Faces Challenges in China, Lowers Guidance
Agilent Technologies (ticker: A) experienced a decline in its stock price following a reduction in its revenue guidance due to weak market conditions in China. The company now expects full-year revenue to range from $6.8 billion to $6.85 billion, down from the previous guidance of $6.93 billion to $7.03 billion. Similarly, earnings per share for the full year are now estimated … [Read more...] about Agilent Technologies Faces Challenges in China, Lowers Guidance
Bitcoin and Cryptocurrencies Struggle as Momentum Fades
Bitcoin and other cryptocurrencies experienced a decline on Tuesday, trailing behind the stock market and facing the risk of breaching key price levels. The price of Bitcoin has dropped by approximately 1% in the last 24 hours, hovering just above $30,000. Earlier in trading, it dipped under this psychologically significant level and weakened even further to around $29,700 at … [Read more...] about Bitcoin and Cryptocurrencies Struggle as Momentum Fades
