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☆ Treasury yields ease slightly ahead of key inflation data
▼ + stars: | 2024-04-26 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the 10-year Treasury was down by over three basis points to 4.6754%. The yield on the 2-year Treasury was last more than one basis point lower at 4.9850%. U.S. Treasury yields fell on Friday as investors digested Thursday's gross domestic product report and looked ahead to the release of key inflation figures. The yields on the 10-year Treasury and 2-year Treasury had soared to their highest levels since November on Thursday, following the release of a weaker-than-expected U.S. gross domestic product reading. Fresh inflation insights are expected Friday in form of the personal consumption expenditures price index, the Fed's favored inflation gauge.

Persons: Dow Jones Organizations: Treasury, U.S, Federal Reserve, PCE

☆ Treasury yields dip ahead of gross domestic product, inflation data
▼ + stars: | 2024-04-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.9248% after dipping by just over one basis point. U.S. Treasury yields fell slightly on Thursday as investors looked ahead to key economic data points that could inform the path ahead for interest rates. Investors awaited gross domestic product and inflation insights due Thursday and Friday, respectively. The data could inform how Federal Reserve policymakers think about monetary policy and what decisions they come to regarding the outlook for interest rates. Markets are widely expecting interest rates to remain unchanged then, with traders last pricing in the first rate cut for September according to CME Group's FedWatch tool.

Persons: Dow Jones Organizations: Treasury, U.S, PCE

☆ Photos show Sahara dust turn Athens orange
▼ + stars: | 2024-04-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

Athens and the south of Greece appeared to be coloured in orange and red after dust from the Sahara engulfed the area on Tuesday evening. Strong winds had carried the dust across hundreds of miles from Africa. The dust is expected to clear throughout Wednesday, when winds are set to ease, local media reported. The strong winds alongside hot temperatures also raised concerns about wildfires, with the Greek Fire Service saying 25 had broken out in the 24 hours to Tuesday evening, according to a Google translation.

Organizations: Greek Fire Service Locations: Athens, Greece, Sahara, Africa

☆ Treasury yields hold steady as investors look to fresh data
▼ + stars: | 2024-04-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by less than one basis point to 4.6189%. The yield on the 2-year Treasury was last at 4.9805% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors awaited fresh economic data that could provide insights into the state of the economy. Economists polled by Dow Jones are expecting a 1.2% rise for the month after the figure had declined 0.3% in February. Investors will be assessing this week's data for clues about whether the economy is continuing to prove resilient and whether inflationary pressures remain sticky.

Persons: Dow Jones Organizations: Treasury, Federal

☆ Germany arrests EU Parliament staff member on China espionage charges
▼ + stars: | 2024-04-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Germany has arrested a national on charges of spying for the Chinese secret service and leaking information from the European Parliament, Germany's federal prosecutor's office said on Tuesday. The man was also accused of spying on members of the Chinese opposition in Germany, according to a CNBC translation. The alleged spy was named as Jian G. and identified as an employee of a German member of the European Parliament since 2019. "If it is confirmed that there was espionage for Chinese intelligence services from within the European Parliament, then that would be an attack on European democracy from within. The ministry also said it hoped that Germany would stop using the so-called spy threat to manipulate political narratives, according to Reuters.

Persons: Scholz, Jian G, Maximilian Krah, Nancy Faeser Organizations: Tongji University, CNBC, Reuters Locations: China, Germany, Brussels

☆ Treasury yields rise as investors look to key data in week ahead
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields rose on Monday as investors looked to economic data in the week ahead that could provide fresh hints about the state of the economy and outlook for interest rates. Investors awaited fresh economic data as uncertainty about the outlook for the U.S. economy and Federal Reserve monetary policy persisted. Several key data points are slated for the week, including the personal consumption expenditures price index for March, which is due Friday. The PCE is the Fed's favored inflation gauge and could inform policymakers' thinking about what could lie ahead for interest rate cuts ahead of the next Fed policy meeting on April 30-May 1. Durable goods orders and a reading of the gross domestic product for the first quarter of 2024 are among the other key data points due throughout the week.

Persons: Jerome Powell Organizations: Treasury, U.S, Investors, Federal Reserve, PCE, Fed Locations: U.S

☆ Global military spending hit all-time high in 2023 after 7% jump, report finds
▼ + stars: | 2024-04-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

The figure marked a 6.8% increase from 2022 and the sharpest year-on-year jump since 2009, the institute said in a report on military spending trends. "The unprecedented rise in military spending is a direct response to the global deterioration in peace and security," Nan Tian, senior researcher in SIPRI's military expenditure and arms production programme, said in a statement. Military expenditure has been rising for nine years straight, and military spending bolstered in all regions of the world for the first time since 2009, the report found. Ukraine's military spending meanwhile totaled around $64.8 billion — around 59% the amount of Russia's spending, but 37% of Ukraine's GDP, the report said. Tensions in the Middle East also significantly contributed to the overall rise in global military spending, the report said.

Persons: Nan Tian, spender, Lorenzo Scarazzato, Donald Trump, Jens Stoltenberg Organizations: 1st Tank Brigade, Ukrainian Ground Forces, Getty Images, Stockholm International Peace Research Institute, Kyiv, NATO, U.S Locations: Ukraine, Stockholm, Central America, Caribbean, Russia, China, U.S, East, Israel, Gaza

☆ German cars are the best in the world, its finance minister insists: 'They do not have to fear Chinese competition'
▼ + stars: | 2024-04-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty ImagesGerman carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC. "German car manufacturers are world leading, they do not have to fear Chinese competition," Lindner said. Competition in the electric vehicle, or EV, market in China and Europe, as well as the U.S., has been heating up in recent months. This came ahead of Scholz's visit to China earlier this month, during which he warned against unfair competitive and trade practices.

Persons: Christian Lindner, Yellen, Bernd von Jutrczenka, CNBC's Karen Tso, Lindner, China's BYD, Tesla, Janet Yellen, Ursula von der, Wang Wentao, Olaf Scholz Organizations: Federal, of Finance, US, World Bank, Getty, German, CNBC, Washington , D.C, European Union . U.S, Treasury, European Commission, European Union, Commerce, EV, Reuters Locations: China, Washington ,, Europe, U.S, EVs, EU

☆ Treasury yields fall as investors weigh economic data, Fed comments
▼ + stars: | 2024-04-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.9622% after falling by more than two basis points. U.S. Treasury yields declined on Friday as investors considered the latest economic data and remarks from Federal Reserve officials, and considered what this could mean for monetary policy. Investors digested the latest economic data and remarks from policymakers as they considered the outlook for interest rates. Fed officials have in recent days and weeks indicated that interest rates may remain elevated for longer than previously anticipated. Elsewhere, Atlanta Fed President Raphael Bostic said rate cuts may not come until the end of the year, and that he was "comfortable being patient," while Minneapolis Fed President Neel Kashkari suggested rate cuts may not begin until 2025.

Persons: John Williams, Raphael Bostic, Neel Kashkari, Jerome Powell Organizations: Treasury, U.S, Federal Reserve, New York Fed, Atlanta Fed, Minneapolis, Investors, NBC News Locations: Philadelphia, Israel

☆ 'Where do you see yourself in five years?': Recruitment expert on why you shouldn't care about this age-old question
▼ + stars: | 2024-04-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

It's a question that most people have asked themselves or been asked in job interviews, by mentors, career advisors or even just their parents. "The thing that matters most is skills," Raman said. Next to skills, learning should be another key focal point and goes hand in hand with being able to adapt in an ever-changing job market. He has said that asking about the culture of learning is the most important question job seekers can ask in interviews. This is due to the changing nature of jobs and the labor market, Raman said.

Persons: it's, Aneesh Raman, Raman, you've, — Organizations: CNBC, LinkedIn's, Employers

☆ Treasury yields dip as investors assess interest rate path ahead
▼ + stars: | 2024-04-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was down by over one basis point to 4.5690%. The 2-year Treasury yield was last at 4.9198% after dipping by more than one basis point. U.S. Treasury yields fell slightly on Thursday as investors looked to fresh economic data and comments from Federal Reserve officials as they weighed the outlook for interest rates. Investors awaited fresh comments from Federal Reserve policymakers as uncertainty around when and how often interest rates will be cut this year persisted. A series of further Fed officials are due to make remarks on Thursday and Friday, which investors will be scanning for fresh hints about the path ahead for monetary policy.

Persons: Jerome Powell, Powell Organizations: Treasury, Federal Reserve, Investors, Fed

Alex Kraus | Bloomberg | Getty ImagesEuropean Central Bank policymaker Joachim Nagel said Wednesday that a rate cut for the institution looks increasingly likely for June, but added that certain parts of the incoming inflation data still look higher than desired. watch nowEarlier Wednesday, Mario Centeno, governor of Portugal's central bank, said it was "about time to change this monetary policy cycle." The ECB's June interest rate decision would be "very important," he said. Markets are widely pricing in the first rate cut from the ECB to take place in June. watch nowEarlier this week, ECB President Christine Lagarde said that unless there were any major shocks, the ECB was on track to cut interest rates soon.

Persons: Joachim Nagel, Alex Kraus, Central Bank policymaker Joachim Nagel, Germany's Bundesbank, Karen Tso, " Nagel, —, Mario Centeno, CNBC's Tso, Christine Lagarde, disinflation, CNBC's Sara Eisen, Robert Holzmann, Holzmann, wasn't Organizations: Deutsche Bundesbank, Bloomberg Television, Bloomberg, Getty, Central Bank, ECB Locations: Frankfurt, Germany, Washington ,, Europe, Portugal's, Austrian, East

☆ Treasury yields dip as investors digest remarks from Fed officials
▼ + stars: | 2024-04-17 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields held steady on Wednesday as investors digested comments from Federal Reserve policymakers about the state of the economy and monetary policy outlook. Investors considered the path ahead for interest rates after comments from Federal Reserve officials, including Chairman Jerome Powell. "The recent data have clearly not given us greater confidence, and instead indicate that it's likely to take longer than expected to achieve that confidence," he said. Earlier in the week, San Francisco Federal Reserve Bank President Mary Daly said there was "no urgency" for rate cuts to begin. Further comments from Fed officials are expected later in the week.

Persons: Jerome Powell, Powell, Mary Daly Organizations: Treasury, . U.S, Federal Reserve, Investors, Fed, San Francisco Federal Reserve Bank Locations: .

☆ 10-year Treasury yield holds above 4.6% as investors weigh interest rate outlook
▼ + stars: | 2024-04-16 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was up by nearly 2 basis point to 4.6344%, trading at levels last seen in mid-November of 2023. The 2-year Treasury yield was last trading at 4.947% after rising by less than one basis point. U.S. Treasury yields were little changed on Tuesday as investors considered the latest economic data and comments from Federal Reserve policymakers. Investors weighed the path ahead for interest rates as they considered the latest economic data and comments from Federal Reserve officials. Meanwhile, San Francisco Federal Reserve Bank President Mary Daly said there was "no urgency" for the Fed to cut interest rates.

Persons: Mary Daly Organizations: Treasury, Federal Reserve, Investors, San Francisco Federal Reserve Bank, Fed, Stanford Institute for Economic Policy Research Locations: Israel

☆ Treasury yields rise as investors consider economic and geopolitical outlook
▼ + stars: | 2024-04-15 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

U.S. Treasury yields climbed Monday as investors considered the outlook for the economy and looked ahead to fresh data and comments from Federal Reserve officials. Traders also assessed geopolitical tensionsInvestors considered the path ahead for the economy and monetary policy following the latest inflation data and looked to fresh economic reports due in the week ahead. That came as questions about the outlook for the economy as well as Federal Reserve monetary policy and especially interest rate cuts were already widespread. In the week ahead, investors will be looking to economic data for fresh hints about the state of the economy. Various Fed policymakers are also expected to give remarks, which investors will be scanning for clues about the monetary policy outlook.

Organizations: Treasury, U.S, Federal Reserve, Traders, PPI Locations: East, Iran, Israel

☆ Ukraine war live updates: Russia battles floods as Ural river swells; Moscow hits 'critical' Ukrainian infrastructure
▼ + stars: | 2024-04-12 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: 1 min

Overnight attacks by Russia on Ukraine damaged infrastructure and private homes, regional officials from several regions across Ukraine said Friday. The Ukrainian army said on Telegram that 16 of the 17 drones Russia used in nighttime attacks had been destroyed. Meanwhile, Russian authorities said on Telegram that five Ukrainian drones had been destroyed overnight in southern Russia. In other news, water levels of the Ural river continued to rise in some parts of Russia, topping 11 meters in the city of Orenburg. However, in other towns that have been hit hard by the flood, including Orsk, which was initially one of the most affected areas, water levels fell overnight.

Organizations: Telegram Locations: Russia, Ukraine, Orenburg .

☆ Treasury yields fall as investors weigh state of economy
▼ + stars: | 2024-04-12 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The 2-year Treasury yield was last at 4.9200% after falling by more than four basis points. U.S. Treasury yields declined on Friday as investors considered the state of the economy after the release of inflation data and weighed the path ahead for interest rates. Investors considered the state of the economy after key economic data releases, and assessed what this could mean for upcoming monetary policy decisions from the Federal Reserve. Investors have been fretting about what sticky inflation could mean for interest rate cuts that are expected to take place later this year. Some investors are also considering the possibility of there being no rate cuts at all this year.

Persons: Dow Jones Organizations: Treasury, U.S, Investors, Federal Reserve, Fed

☆ Vietnamese property tycoon sentenced to death in country’s biggest ever financial fraud, state media reports
▼ + stars: | 2024-04-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Vietnamese property tycoon Truong My Lan (C) looks on at a court in Ho Chi Minh city on April 11, 2024. The Vietnamese property tycoon Truong My Lan was sentenced to death on Thursday for her involvement in the country's biggest ever financial fraud case, state media outlet Thanh Nien reported. She was sentenced to death for the embezzlement charges and to 20 years in prison for each of the other two accusations, according to state media. Around $12.3 billion were allegedly funnelled to Van Thinh Phat while other funds were used privately. Alongside Lan, more than 80 other people including central bank officials have been charged in the case for damaging SCB, state media reported.

Persons: Truong, Lan, Van Thinh, Van Thinh Phat, Vietnam's Organizations: Thanh, Van Thinh Phat Holdings Group, Stock Commercial Bank, Reuters, CNBC, Communist Locations: Ho Chi Minh, Saigon

☆ U.S. Treasury yields hold steady as investors digest inflation data
▼ + stars: | 2024-04-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Yields and prices have an inverted relationship and one basis point equals 0.01%. ET, the yield on the 10-year Treasury was up by 1 basis point to 4.552%. The 2-year Treasury yield was last at 4.961% after rising by less than one basis point. U.S. Treasury yields were little changed Thursday as investors digested consumer inflation data and considered the outlook for interest rates. Treasury yields had jumped on Wednesday, with the yield on the 2-year and 10-year Treasurys climbing by as many as 22 and 18 basis points, respectively.

Persons: Dow Jones Organizations: Treasury, Federal Reserve, PPI

☆ Treasury yields hold steady ahead of consumer inflation data
▼ + stars: | 2024-04-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Yields and prices move in opposite directions, and one basis point is equivalent to 0.01%. The yield on the 2-year Treasury was last at 4.7449% after dipping by less than one basis point. U.S. Treasury yields were little changed on Wednesday, as investors looked out for the release of U.S. consumer inflation data later in the day, which could signal the outlook for interest rates. Investors awaited fresh inflation figures, as uncertainty about the path ahead for Federal Reserve monetary policy, specifically for interest rates, has grown in recent weeks. The consumer price index for March is due out on Wednesday, ahead of the producer price index that will be released on Thursday.

Persons: Dow Jones Organizations: Treasury, Investors, Federal Reserve, CPI

☆ 'Corporate bullying': Abrdn CIO slams press' jabs at the company's rebranded name
▼ + stars: | 2024-04-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The press making jabs at the current name of asset manager Abrdn , which was rebranded from 'Standard Life Aberdeen', amounts to "corporate bullying," the firm's chief investment officer Peter Branner said. The firm announced its renaming in April 2021 and has faced consistent ridicule, jokes and jibes in the media since then. In a Financial News interview out on Monday, Branner called the media jibes about the name "childish," calling out press for the frequency of its jokes. He added that people would not treat individuals in this way, but that the press seemed to practise different standards for companies. How would you look at a person who makes fun of your name day in day out?

Persons: Peter Branner, Branner Organizations: Abrdn, Aberdeen, Tuesday, CNBC

☆ 10-year Treasury yield falls as investors await inflation data
▼ + stars: | 2024-04-09 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

ET, the yield on the 10-year Treasury was 3 basis points lower at 4.392%, easing from multi-month highs. The 2-year Treasury yield was last at 4.77% after dipping by close to 2 basis points. U.S. Treasury yields fell Tuesday as investors looked ahead to fresh inflation insights due later this week which could provide clues about the path ahead for monetary policy. Investors awaited key inflation figures as they considered the state of the economy and the outlook for interest rates. At their last meeting, central bank officials said they were expecting three rate cuts to take place this year.

Persons: Neel Kashkari, Dow Jones Organizations: Treasury, U.S, Federal Reserve, CPI Locations: Minneapolis

The 2-year Treasury yield was last up by 6 basis points at 4.63%. The yield on the 10-year Treasury had risen 1 basis point to 4.21%. The 2-year Treasury yield ticked higher Thursday as investors considered the path ahead for interest rates following comments from a Federal Reserve official and prepared for key inflation data. Investors weighed the outlook for monetary policy and looked ahead to key economic data as uncertainty around when and how often interest rates will be cut this year persists. Federal Reserve Governor Christopher Waller on Wednesday said there was "no rush" to cut interest rates, adding that recent economic data indicated that rates may need to stay elevated for longer.

Persons: Christopher Waller, Waller, Dow Jones Organizations: Treasury, Federal Reserve, Investors, Federal, PCE

Ukraine's intelligence chief claimed on Wednesday that Russia was aware that a terrorist attack was being planned since at least Feb.15. The Islamic State militant group claimed it was behind the Moscow attack, but Russia has blamed Ukraine and its allies, saying they orchestrated the attack. Budanov claimed Russia knew where the combat groups would come from, and which countries the attackers would travel through to reach Russia. Similarly, Russia has not produced evidence to back up its claims that Ukraine and the West were behind the terrorist attack. Read more here: Russia knew of terrorist attack plot weeks ago, Ukraine's military spy chief says— Holly Ellyatt

Persons: Kyrylo Budanov, Dmytro Kotsiubailo, Budanov, Ukrinform, Read, — Holly Ellyatt Organizations: Directorate of Intelligence, Crocus City Hall, Russian Federation, Islamic State, White, Russia Locations: Ukraine, Kyiv, Russia, Crocus, Moscow, Syria

☆ Japan's yen hits 34-year-low, heating talk of intervention
▼ + stars: | 2024-03-27 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan's efforts to protect the yen while slowing the pace of rising bond yields are becoming increasingly clear in currency and debt markets. The yen was last at 151.22 against the dollar at 10:19 a.m. London time after paring back some losses. The yen hit a 34-year-low on Wednesday, weakening as much as 151.97 against the U.S. dollar and fueling market questions over potential government intervention to prop the Japanese currency. "There is now a higher chance of Japanese FX intervention.

Persons: Kentaro Takahashi, Shunichi Suzuki, Masato Kanda, Kanda Organizations: Bloomberg, Getty, U.S ., Bank of Japan, Financial Services Agency, Reuters, FX, Commonwealth Bank of Australia, Bank of America Global Research Locations: Kyoto, Japan, London

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