Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Benchmark U.S. Treasury yields hit a more than two-week high on Thursday as investors bet the U.S. Federal Reserve will press on hiking rates as inflation remains high, even though price pressures are showing signs of abating. Data on Thursday showed … Read more
Kwarkot/iStock via Getty Images Granite Point Mortgage (NYSE:GPMT) Q2 results came in mixed Monday as it experienced moderate portfolio amid sharp increases in short-term interest rates. Shares of the mortgage REIT rose 1.2% in after-hours trading. “After growing our portfolio modestly in the second quarter, primarily in the multifamily sector, we are now reinforcing our … Read more
The six-member Monetary Policy Committee (MPC) of the RBI hiked the policy repo rate by 50 basis points to 5.4 per cent — a three-year high — owing to inflation concern. The sovereign bond market witnessed a sharp sell-off on Friday as the RBI’s unequivocal commitment to bringing down inflation came … Read more
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content NEW YORK — The S&P 500 headed lower, Treasury yields advanced and the dollar rose on Friday after the U.S. July employment report blasted past expectations, raising the odds of continued monetary tightening from the Federal Reserve. Wall Street pared losses as … Read more
By Brijesh Patel (Reuters) – Gold prices rose on Wednesday as a pullback in the dollar and Sino-U.S. tensions helped counter pressure from a rise in U.S. Treasury yields after hawkish comments from Federal Reserve officials on interest rate hikes. Spot gold was up 0.4% at $1,766.59 per … Read more
Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates. Yields were also helped as demand for the safest assets retreated following U.S. House Speaker Nancy Pelosi’s safe arrival in Taiwan, despite threats of action from … Read more
Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Jul 19, 2022 • 21 minutes ago • 1 minute read • Join the conversation Article content Gold steadied on Wednesday as a pullback in the U.S. dollar balanced pressure from rising bond yields, with investors awaiting key interest rate hike decisions from major central … Read more
The euro rallied and the yield on the 2-year German bund rose in reaction to a Reuters report that the European Central Bank may kick off its rate hike campaign with a 50-basis point increase. The report cited two unnamed sources with direct knowledge of the discussion. The ECB previously has guided for a rise … Read more
Annual rental yields across England and Wales showed a slight fall in Q2 this year compared to the same period last year, down from 6.1% to 5.5%, according to Fleet Mortgages’ latest buy-to-let (BTL) rental barometer. On a quarterly basis, the barometer showed a small decrease of 0.2% from the 5.7% in Q1. The yearly … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content Gold prices fell 1% on Thursday, as Treasury yields and the dollar rose, with bullion’s outlook already dented by fears the U.S. Federal Reserve could opt for a more aggressive interest rate hike this month to tackle sky-rocketing inflation. Spot gold retreated 1% to … Read more