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The new Federal Reserve chairman has not convinced the market that the Fed will be working to dampen inflation. Rates on consumer and business debt are already trending higher.
The 30-year Treasury bond yield recently reached its highest level since 2007, sparking concern about a stock market sell-off. Long-term investors shouldn't worry too much about short-term moves in bond yields.
Brent crude stays above $100, S&P futures climb
Baird Financial Group Inc. grew its position in shares of iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) by 45.0% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 562,955 shares of the company's stock after buying an additional 174,694 shares during
South Korean stocks fell sharply on Thursday as Brent crude held above $100 a barrel, pushing the KOSPI back below the 7,000 mark just a day after it reclaimed the level for the first time in more than a month. The benchmark was down 1.28% at 6,961.23 by late morning in Seoul.
The yield on the 10-year Treasury was rising Wednesday after the Treasury Department announced it would buy back $6 billion in bonds, an effort it undertook to ease the market's recent wobbles.
Mad Money host Jim Cramer argues that ultra-conservative bond allocations have quietly punished patient savers over the past half decade.
"Escalation is the word of the day" after the U.S. hit five Iranian oil tankers near the Strait of Hormuz. Kevin Hincks points to crude oil's steady rise near $96 Wednesday morning as the key metric to watch, a level not seen since early June.