What's Happening The yield on the 2-year Treasury (BX:TMUBMUSD02Y) remained steady at 4.965%. The yield on the 10-year Treasury (BX:TMUBMUSD10Y) increased by 3.1 basis points to 4.287%. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) rose by 5 basis points to 4.406%. What's Driving Markets On Thursday, important updates on the U.S. economy will be released, including the … [Read more...] about Bond Yields Rise to 15-Year Highs as U.S. Economy Prospers
Interest Rates
Commerzbank Reports Higher Earnings in Q2 2023
The second quarter of 2023 brought good news for Commerzbank as it reported an increase in earnings, largely driven by higher interest rates. The German bank's net profit for the quarter reached €565 million, up from €470 million in the same period last year. One of the key factors behind this positive result was the record-breaking net interest income, which soared to €2.13 … [Read more...] about Commerzbank Reports Higher Earnings in Q2 2023
Julius Baer Gruppe Reports Increased Earnings in First Half of 2023
Julius Baer Gruppe Reports Increased Earnings in First Half of 2023 Julius Baer Gruppe has announced higher earnings for the first half of 2023, thanks to rising interest rates. The Swiss private banking group revealed that net profit for the period grew by 18% compared to the previous year, reaching 531 million Swiss francs ($614.2 million). Operating income stood at CHF2.03 … [Read more...] about Julius Baer Gruppe Reports Increased Earnings in First Half of 2023
The Party Isn’t Like It’s 1999: A Look at Megacap Tech Stocks
The first half of 2023 has seen unprecedented success for megacap tech stocks. However, it would be a mistake to compare this year to the iconic 1999, despite the desire to party like it's that time. In fact, a more relevant comparison might be the events of 1987, a year that may seem like ancient history to some. Regardless of the perspective, it's clear that the current … [Read more...] about The Party Isn’t Like It’s 1999: A Look at Megacap Tech Stocks
Bond Market Facing Challenges Due to Inflation Concerns
Bond prices have experienced a decline recently due to mounting fears of inflation. However, stock prices have managed to stay strong amidst these concerns. Longer Period of High Interest Rates Expected There are indications that the Federal Reserve might need to maintain high interest rates for a longer duration than initially anticipated in order to control inflation. As a … [Read more...] about Bond Market Facing Challenges Due to Inflation Concerns
