Shares of metals producers and other raw material companies declined due to concerns over the potential impact of increasing Treasury yields, despite positive earnings reports. Freeport McMoRan: Driving Demand for Copper through Electrification and Sustainable Energy Trends Freeport McMoRan experienced a rise in share prices following an increase in copper sales volumes. This … [Read more...] about Producers of Metals Face Setback as Rising Treasury Yields Overshadow Strong Earnings
Treasury yields
Gold Futures Head Lower as U.S. Jobs Data Boosts Treasury Yields
Gold futures are experiencing a downward trend as better-than-expected U.S. jobs data strengthens U.S. Treasury yields and the dollar. This has dampened investor interest in gold and is setting prices on track for their first weekly loss in a month. Weekly Loss in Gold Prices Gold for December delivery (GC00, -1.32% GCG24, -1.32%) has fallen by $22.90, or 1.1%, bringing the … [Read more...] about Gold Futures Head Lower as U.S. Jobs Data Boosts Treasury Yields
Traders Question Rate Cut as Inflation Expectations Rise
Traders are losing faith in the possibility of a March interest rate cut by the Federal Reserve, while long-term inflation expectations show an upward trend. Rate Cut Speculation Fades According to the CME FedWatch Tool, Fed-funds futures suggest a 52.6% chance of no quarter-point rate cut at the Fed's March meeting. This is the highest probability of no action in over a month. … [Read more...] about Traders Question Rate Cut as Inflation Expectations Rise
Bank of America Stock Upgrade
Bank of America Corp. (BAC) has received an upgrade from Keefe, Bruyette & Woods, moving up from underperform to market perform. This upgrade comes after the recent shift in the market and the drop in 10-year Treasury yields, which have had an impact on bank stocks. According to KBW analyst David Konrad, the recent stock market rally and the decrease in 10-year Treasury … [Read more...] about Bank of America Stock Upgrade
U.S. Stock Futures and Treasury Yields
U.S. stock futures showed little direction on Thursday as Treasury yields slightly stabilized, indicating a slowdown in the bond market sell-off. Stock Index Futures Trading S&P 500 futures (ES00) declined by 4 points, or 0.1%, to 4294. Dow Jones Industrial Average futures (YM00) dropped 45 points, or 0.1%, to 33281. Nasdaq 100 futures (NQ00) slipped 16 points, or 0.1%, to … [Read more...] about U.S. Stock Futures and Treasury Yields
