Petroleum futures saw a sharp drop during midday on Monday, following a brief surge in crude oil benchmarks to their highest levels in two months. Drone Strike Raises Tensions The surge occurred on Sunday night after a drone strike in Jordan resulted in the deaths of three U.S. troops and left dozens wounded. The U.S. military hinted at potential strikes against militias in … [Read more...] about Petroleum Futures Drop as Crude Oil Benchmarks Reach Two-Month Highs
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Bond Yields Fall Ahead of Federal Reserve Minutes
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
