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U.S. Treasury yields fall as investors weigh Fed rate hike outlook

U.S. Treasury yields fell on Monday after unexpectedly robust jobs data increased the likelihood of aggressive rate hikes by the Federal Reserve. The yield on the benchmark 10-year Treasury note fell 4 basis points to about 2.7993%, while the yield on the 30-year Treasury bond was down 2 basis points to 3.0383%. Yields move inversely […]

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Use of credit cards, personal loans surges, but ‘it’s not a red flag,’ expert says

The strongest indicator of whether somebody can pay their bills or not is whether they have a job. Michele Raneri vice president of U.S. research and consulting at TransUnion Still, experts say the jump in usage alone isn’t a sign of trouble. “I’m not seeing anything that I would really declare as a red flag,” […]

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U.S. Treasury yields slightly higher ahead of key jobs report

Investors are closely monitoring the health of the U.S. economy after recent numbers showed a second consecutive negative gross domestic product reading. As a result, upcoming data releases related to the labor market will be highly anticipated by many money managers. Nonfarm payrolls data will be released at 8:30 a.m. ET, alongside unemployment and average […]

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U.S. Treasury yields move lower off the back of positive economic data

Data released Wednesday showed a surprise rebound in the U.S. services sector in July and solid factory orders, which eased concerns over the U.S. economy and pushed stocks higher on the day. On the data front Thursday, there will be initial claims and international trade figures at 8:30 am ET. Cleveland Fed President Loretta Mester […]

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U.S. Treasury yields move higher ahead of new economic data

U.S. government debt prices traded lower on Wednesday morning but investors are still monitoring geopolitical tensions between the United States and China. At around 3:40 am ET, the yield on the benchmark 10-year Treasury note moved higher to 2.7574% and the yield on the 30-year Treasury bond also rose to 3.0138%. Yields move inversely to prices. The search for […]

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Watch live: U.S. Attorney General Merrick Garland briefs press on DOJ lawsuit challenging Idaho abortion law

(Attorney General Merrick Garland is scheduled to begin speaking at 1:30 p.m. ET. Please refresh the page if the video above doesn’t play at that time.) The U.S. Justice Department filed a lawsuit Tuesday seeking to block Idaho’s new restrictive abortion law on the grounds that it violates federal law requiring most hospitals to give […]

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Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck

Inflation has been causing economic hardship for workers across all income levels. As of June, 61% of Americans — roughly 157 million adults — lived paycheck to paycheck, according to a new LendingClub report. That’s up from 58% who reported living paycheck to paycheck in May. A year ago, the number of adults who felt […]

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U.S Treasury yields move lower ahead of Pelosi’s expected Taiwan visit

U.S. government debt prices traded higher Tuesday morning as investors awaited new jobs data and monitored U.S. House Speaker Nancy Pelosi’s trip to Asia. At around 2:40 a.m. ET, the yield on the benchmark 10-year Treasury note dropped to 2.5535% and the yield on the 30-year Treasury bond also fell to 2.8906%. Yields move inversely to prices. The moves […]

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Treasury yields climb to start August as investors weigh recession prospects

U.S. Treasury yields rose on Monday to begin August as investors continue to assess the prospects for an economic recession. At around 6:22 a.m. ET he yield on the benchmark 10-year Treasury note was up at 2.658% while the yield on the 30-year Treasury bond climbed to 3.02%. Yields move inversely to prices. The 2-year […]

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Yellen says the economy is not in a recession despite GDP slump

Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth. Recession, Yellen insisted, is a “broad-based weakening of our economy” that includes substantial layoffs, business closures, strains in household finances and a slowdown in private sector activity. “That is not what […]