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☆ 10-year Treasury yield shifts lower but hovers above 4%
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

U.S. Treasury yields shifted slightly lower Wednesday, days after the rate on the 10-year note hit its highest level in more than two months. The 10-year Treasury yield's jump to 4% on Monday came after last week's stronger labor market readings, and follows on from the Federal Reserve's rate cut last month. The 10-year Treasury yield was 2 basis points lower at 4.013% Wednesday morning. The 2-year Treasury slipped over 2 basis points to 3.952%. One basis point equals 0.01%.

Persons: yield's Organizations: Treasury

☆ S&P 500 rallies back to old highs, setting up Fed meeting to be make or break moment
▼ + stars: | 2024-09-14 | by ( Michael Santoli | ) www.cnbc.com time to read: +6 min

The market's turn toward treating good economic news as positive for stocks is pictured here in a chart from Citi strategists, showing the three-month correlation between the S & P 500 and the Citi U.S. Economic Surprise index has turned sharply higher. The S & P 500's low for the week was Wednesday morning, right at the 5400 level where it previously hit a low a week ago Friday after a tepid employment report. Forward 12-month S & P 500 earnings forecasts continue to rise smartly, now approaching $270. But, thanks to the past two months of sideways churn, that's down from 21.7 when the S & P first hit its current level in July. And the rally last week could well have front-run any potential positive inference from the Fed's move next week.

Persons: Ally Financial, Ed Hyman, Loretta Mester, William Dudley, John Kolovos Organizations: Citi, Citi U.S, Fed, Ally, CPI, Wall Street, Financial Times, Treasury, National Association of Active Investment, American Association of

☆ Cramer's Lightning Round: Trane Technologies is a buy
▼ + stars: | 2024-07-23 | by ( Julie Coleman | ) www.cnbc.com time to read: 1 min

Torm: "...It has a remarkably high dividend yield. And as long as it has that dividend yield, the stock's going to stay up. But, when things start going bad, and they always do in this business, that yield's going to start going down...Be aware, right now, still going up. But these things are slopes, and they just get crushed when that dividend goes down, yield will go down with it."

☆ Why the next 10 trading days are a make-or-break moment for this bull market
▼ + stars: | 2024-04-10 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The S & P 500 has been higher two weeks later all five times. The S & P 500 popped 1.1% on the day of the release. If this happens, it could finally infect the S & P 500, however. The first clue would be seeing the S & P 500 down two weeks after a CPI report. Ultimately, the S & P 500 can pull back to the 4,800 zone and remain above the breakout zone.

Persons: we've, –, hasn't, …, We'll Organizations: Treasury

☆ Cramer's Lightning Round: Sempra is a buy
▼ + stars: | 2024-02-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Iron Mountain's year-to-date stock performance. Stock Chart Icon Stock chart icon Toyota's year-to-date stock performance. Stock Chart Icon Stock chart icon Palantir's year-to-date stock performance. I would actually pull the trigger and buy that stock right here [buy, buy, buy]." Stock Chart Icon Stock chart icon Dutch Bros' year-to-date stock performance.

Persons: I've, Rockwell, Joby, They've, It's, it's Organizations: Toyota, Goods, Dick's Sporting, Rockwell Automation, Joby, Dutch Bros

☆ Jim Cramer’s guide to investing: Insider buying and short interest
▼ + stars: | 2023-12-26 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer told investors about a potentially bullish tell: Watch for when management buys back shares of a stock with high short interest. Short interest refers to the total number of shares that have been sold short and not yet repurchased. If a company's management starts buying back shares with high short interest, it could be a sign they think the stock won't go any lower. So short sellers may start to quickly repurchase the shares to minimize their losses, leading to a short squeeze that ultimately sends the stock higher. "Insider buying plus heavy short interest can equal raging buy, as long as you avoid situations where the shorts are determined to crush the stock at any cost."

Persons: CNBC's Jim Cramer, Cramer, —, Jackie Wilson, it's

☆ Some riskier income funds yield more than 8%. Just the time for investors to be vigilant
▼ + stars: | 2023-10-10 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

High yield bond funds tout sweet yields, but swirling concerns around the economy are spurring questions on how much longer the income party will last. Consider that the 30-day yield on the SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) is 8.78%. Indeed, the Morningstar U.S. high yield bond index has a year-to-date total return of 4.61%, compared to the -1.29% total return on Morningstar's U.S. corporate bond index . Consumers are also a focal point when it comes to the economic outlook, according to Peter Higgins, head of fixed income and senior fixed income portfolio manager at Shelton Capital Management. Being selective about risk UBS is neutral on high yield overall, but positive on short-dated high yield paper of good quality companies.

Persons: Paul Olmsted, Olmsted, Alina Golant, Golant, Peter Higgins, Dow Jones, Shelton's Higgins, Morningstar's Olmsted, Michael Bloom Organizations: Investors, Federal Reserve, Morningstar U.S, Morningstar's, Morningstar, UBS, Shelton Capital Management

☆ Why borrowing costs for nearly everything are surging, and what it means for you
▼ + stars: | 2023-10-05 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

At the center of the storm is the 10-year Treasury yield , one of the most influential numbers in finance. The relentless rise in borrowing costs has blown past forecasters' predictions and has Wall Street casting about for explanations. Companies that can only issue debt in the high-yield market, which includes many retail employers, will confront sharply higher borrowing costs. Higher rates squeeze the housing industry and push commercial real estate closer to default. "So if banks haven't fixed their issues since then, the problem is only worse, because rates are only higher."

Persons: Jerome Powell, SAUL LOEB, Bob Michele, Ben Emons, Treasurys, Benjamin Dunn, Lindsay Rosner, Peter Boockvar, Rosner Organizations: Federal Reserve, Washington , D.C, Getty, ., Treasury, Fed, JPMorgan, NewEdge, Bloomberg, Alpha Theory Advisors, Goldman, Companies, Bleakley Financial, Valley Bank, First Locations: Washington ,, U.S, Goldman Sachs, First Republic

☆ CNBC Daily Open: Long-term prospects look dim
▼ + stars: | 2023-09-29 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Michael Nagle | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineA smattering of positive developments helped investor sentiment yesterday. According to the latest survey by the American Association of Individual Investors, which measures retail investors' sentiment for stocks over the next six months, overall bearishness climbed from 34.6% last week to 40.9%. — CNBC's Scott Schnipper contributed to this report Correction: An earlier version of this report misspelled Rick Rieder's name.

Persons: Michael Nagle, Treasurys, yield's, it's, —, Brent, — CNBC's Scott Schnipper, Rick Rieder's Organizations: New York Stock Exchange, Bloomberg, Getty, CNBC, . West Texas, Dow Jones, Nasdaq, AMD, American Association of, Alpha, Treasury, Federal Reserve Locations: New York

REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 26 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Goldman Sachs' financial conditions indexes for China and emerging markets at large are the highest in almost a year. In China, meanwhile, the property sector is back under the spotlight after shares of property developer Evergrande tumbled 21% on Monday on renewed uncertainty about the firm's debt restructuring. The broader property sector index fell 2.5%. Evergrande shares, but the company is systemically important - it is the world's most indebted developer and the property sector accounts for roughly a quarter of China's economy.

Persons: Aly, Jamie McGeever, Goldman Sachs, Evergrande, Valdis Dombrovskis, Fed's Neel Kashkari, Josie Kao Organizations: China Evergrande Group, REUTERS, U.S, Treasury, Global, Deutsche Bank, Barclays, Union, Thomson, Reuters Locations: Danzhou, Hainan province, China, Asia, Japan, U.S, Beijing, Singapore

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing RightsSept 25 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. This may hinge largely on whether the U.S. bond market regains its footing. Here are key developments that could provide more direction to markets on Monday:- Singapore inflation (September)- Vietnam inflation, trade, industrial production (September)- Vietnam GDP (Q3)By Jamie McGeever; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Issei Kato, Jamie McGeever, Goldman Sachs, Lisa Shumaker Organizations: REUTERS, Fed, Bank of England, Swiss National Bank and Bank of Japan, Treasury, Thailand's, Thomson, Reuters Locations: Tokyo, Japan, Asia, U.S, Vietnam, Singapore

NICKELS & STEAMROLLEREstimating the size of hedge funds' basis trade bets is difficult because transparency and visibility around hedge funds is so low at the best of times, especially with regard to their more complex activities and strategies. Many analysts look at leveraged funds' position in Treasuries futures, and the Aug. 30 Fed paper also noted speculators' repo borrowings. This is a fairly reliable sign of basis trade activity, the Aug. 30 Fed paper says. Overnight repo rates have steadily tracked the fed funds policy rate since March 2022. Basis trade liquidation, as funds got squeezed out of their positions through margin and collateral calls as volatility rocketed, likely contributed to that dislocation.

Persons: Steven Zeng, Christoph Schon, Jamie McGeever, Paul Simao Organizations: Fed, Bank for International, Deutsche Bank, STEAMROLLER, Futures, Reuters, Thomson Locations: ORLANDO, Florida, U.S

☆ CNBC Daily Open: With such high yields, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +5 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. That's called the equity risk premium, a return that's supposed to compensate stock investors for the chance that they might lose money. Another potential issue that could crop up with high Treasury yields is that it could make the Federal Reserve's job tougher. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, Tesla, Anwar Ibrahim, CNBC's Martin Soong, That's, yield's, Rupert Thompson, Cash, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Nasdaq, Japan's Nikkei, Malaysia, country's, Vehicle Global, Analysts, International Atomic Energy Agency, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC, Asia, Pacific, Shanghai, Malaysia, California, China, Tokyo

☆ CNBC Daily Open: When yields are this high, why buy stocks?
▼ + stars: | 2023-08-23 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Nathan Howard | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Typically, stocks — if they do well — tend to return more than a risk-free asset, precisely because it isn't certain stocks will rise. While "the Fed can control short rates," long rates going up can introduce "significant risk" to the economy, such as the recent Fitch downgrade and quantitative tightening. It wasn't a surprise, then, that stock markets fell Tuesday.

Persons: Nathan Howard, yield's, Rupert Thompson, Cash, That's, Bob Pisani, it's, Torsten Slok, Adam Turnquist, Ed Yardeni Organizations: Treasury, Bloomberg, Getty, CNBC, Kingswood Group, Dow Jones Industrial, Nvidia, LPL, Yardeni Locations: Washington , DC

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsAug 17 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian market sentiment on Thursday will again be a mix of caution and nervousness, with familiar roots: a supercharged dollar and rising U.S. bond yields, tightening financial conditions, and deepening concern over China. Goldman Sachs's financial conditions indexes show that Chinese and aggregate emerging market financial conditions have tightened sharply this month, by more than 100 basis points, and are both now the tightest this year. But the pressure on Beijing to do more to support the creaking economy can be seen in the 10-year yield's slide to its lowest since May 2020. Remarkably, China's 10-year yield is now 170 basis points below the 10-year U.S. Treasury yield, the widest gap since 2007.

Persons: Dado Ruvic, Jamie McGeever, Goldman, Brent, Josie Kao Organizations: REUTERS, People's Bank of, Treasury, Thomson, Reuters Locations: China, U.S, Asia, Hong Kong, Philippines, Tokyo, People's Bank of China, Beijing, Japan, Australia

☆ Investors are shifting into high-yield ETFs with a potential Fed pause on the horizon
▼ + stars: | 2023-06-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) , brought in nearly $1.2 billion in cash over the past week, according to FactSet. Investors bought into the iShares Broad USD High Yield Corporate Bond ETF (USHY) . The interest in high yield debt comes ahead of next week's Federal Reserve meeting. "High yield's kind of in a sweet spot right now. The spread between high yield and safer debt could widen in coming months if the labor market continues to weaken, but the high yield market appears to be of better quality than in previous economic cycles, Silapachai said.

Persons: It's, Komson Silapachai, Silapachai Organizations: Investors, Sage Advisory, P Regional, Corporate Locations: Austin , Texas

ORLANDO, Florida, April 5 (Reuters) - When U.S. government bonds become the epicenter of global market volatility, investors' room for taking on additional risk shrinks, sucking the oxygen out of their risk budget. The shock blindsided speculative investors who had been positioned for higher U.S. interest rates and yields. The full extent of the turmoil - hedge funds were among those who got crushed - will become clearer as first-quarter readouts emerge. A pension fund's tolerance for risk, and therefore its VaR, will be lower than a hedge fund's. "When you plug a two-year Treasury into any risk model now using past returns models, expected risk will be higher going forward," van Vliet said.

March 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. A week ago Barclays economists raised their forecast for the Fed's March 21-22 meeting to a 50 basis point rate hike from 25 bps. Rates futures markets show traders now reckon the Fed is done raising rates and will cut by 50 bps later this year. The implied 'terminal' rate has plunged more than 100 bps since last week to 4.35%, and the year-end implied rate has plummeted more than 150 bps to 3.90%. World stocks fell on Monday and are now down five days in a row, the longest losing streak since October.

☆ Cramer's lightning round: You ought to pass on Medical Properties Trust
▼ + stars: | 2022-11-21 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...Verizon Communications Inc : "I'm going to say it's fine. Loading chart...Medical Properties Trust Inc : "That yield's too high versus the rest of its cohort. So I'm going to say, you ought to pass on that." Loading chart...UiPath Inc : "I actually believe in the company, but that company is losing money. I am not going to compromise and suggest a company that is losing money."

☆ U.S. stocks turn red as investors eye prolonged Fed hawkishness
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Harker's comments also helped support the 10-year Treasury yield's march past 14-year highs. "Harper’s comments provided further confirmation that the Fed is all in on continued aggressive policy and future (interest) rate increases." The pan-European STOXX 600 index (.STOXX) rose 0.26% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.55%. Benchmark Treasury yields resumed their rise after economic data appeared to confirm the Fed is unlikely to relent in its aggressive campaign to rein in inflation. The Japanese yen weakened 0.10% to 150.05 per dollar, while Sterling was last trading at $1.1229, up 0.13% on the day.

Not only are Treasury yields across the curve the highest in years, the rapid pace of increase makes sporadic spillovers into other regions and markets almost inevitable. At its current level, the 10-year Treasury yield is up around 260 bps this year. With the yen at a fresh 32-year low near 150 per dollar, all eyes are on the BOJ. The offshore yuan is at a record low against the dollar and the onshore yuan is at its lowest since 2008. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Markets now see more risk in the UK's 5-year bonds than those for the most heavily indebted eurozone members
▼ + stars: | 2022-09-26 | by ( Brian Evans | ) www.businessinsider.com time to read: +2 min

Yields on the five-year gilt soared more than 51 basis points on Monday to 4.579% amid fallout from the UK government's tax plan. Yields on five-year Greek and Italian bonds were 3.978% and 4.079%, respectively. That indicates markets see more risk in the UK's medium-term debt than those of the eurozone's most heavily indebted members. The yield on five-year bonds soared more than 51 basis points on Monday to 4.579%, overtaking the likes of Greece and Italy. That indicates markets see more risk in the UK's medium-term gilt than in equivalent bonds for the most heavily indebted eurozone countries.

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