U.S. government bond yields gave back some of Monday's jump as investors jostled for position ahead of the Federal Reserve's rate decision on Wednesday.
What’s happeningWhat’s driving markets Treasury yields gave back some of Monday’s jump as investors jostled for position ahead of the Federal Reserve’s rate decision on Wednesday.
Markets are pricing in a 97.4% probability that the Fed will raise interest rates by another 25 basis points to a range of 5.0% to 5.25% after its meeting on May 3rd, according to the CME FedWatch tool. Benchmark German 10-year yields TMBMKDE-10Y were up 5.9 basis points to 2.371% as they played catch up to moves in Treasuries after Monday’s holiday in Europe. Investors also absorbed news that eurozone inflation was 7% in the year to April, above estimates of 6.9%.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10-year Treasury yield ticks higher ahead of this week's Fed meetingTreasury yields are mostly higher to kick off the week and month on Monday
Read more »
Yellen warns Congress must pass debt limit hike by June 1 or risk defaultTreasury Secretary Janet Yellen warned Congress on Monday that the U.S. could be unable to pay its bills as early as June 1 if lawmakers do not raise the federal debt limit.
Read more »
UK Treasury Will Consult on DeFi Taxation: ReportThe proposed regulatory changes aim to reduce the 'administrative burden' for taxpayers.
Read more »
US Treasury to allow auction of shares in Citgo Petroleum's parentThe U.S. will not block a court auction of shares in oil refiner Citgo Petroleum Corp's (PDVSAC.UL) parent, Justice Department officials told a federal court, paving the way for a potential seizure by creditors of Venezuela's most-prized foreign asset.
Read more »
U.S. Treasury seeks to calm fears after First Republic Bank failsResponsibility for the bank's assets and deposits has been taken over by JPMorgan Chase.
Read more »