Exclusive: UK debt chief says demand back after mini-budget debacle
LONDON, Nov 22 (Reuters) - Demand for British government bonds has recovered from the damage dealt by the market turmoil...
archiveCEN
Dollar climbs after U.S. labor, consumer sentiment data
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha Acquire Licensing...
ECB’s Nagel: rates at peak or close, rules out hard landing
Joachim Nagel, Bundesbank president and European Central Bank policymaker, prepares for an interview at the Jackson Lake Lodge in Jackson...
Morning Bid: AI buzzes but market shrugs at Nvidia beat
A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market...
Crushed FX volatility as dollar, finally, subsides
LONDON, Nov 22 (Reuters) - If you were looking for a klaxon to mark the end of the interest rate cycle, a crushing of currency market volatility rings loudly.Deutsche Bank's CVIX (.DBCVIX) - the currency market's version of Wall St's "fear index" of stock volatility and a weighted average of implied "vol" in nine major pairings - has basically imploded.Subdued since mid-year, the CVIX took another sharp leg lower this month and hit its lowest since mid-February 2022 - just before Russia's invasion of Ukraine and the first of the...
Morning Bid: Nvidia shares take bumpy ride after hours
The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout...
Fed shifts into cautious policy mode as risks become more two-sided
WASHINGTON, Nov 21 (Reuters) - U.S. Federal Reserve officials agreed at their last policy meeting that they would proceed "carefully" and only raise interest rates if progress in controlling inflation faltered, the minutes of the Oct. 31-Nov. 1 gathering showed on Tuesday."All participants agreed that the Committee was in a position to proceed carefully," according to the minutes, which appeared to show support for more rate hikes dissipating within the U.S. central bank's Federal Open Market Committee, and the baseline shifting to one in which its benchmark overnight interest rate...
Wall Street dips, gold jumps as Fed minutes reveal cautious policy approach
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York...
Goldman Sachs execs see steeper Treasuries curve, softer demand
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - Goldman Sachs (GS.N) expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said."Fiscal spending has not abated. It's strange for us to be spending this much" when employment is high, Ashok Varadhan, Goldman's co-head of global banking and markets, said on a company podcast."It doesn't feel like we're going...
US Treasury market debate around hedge fund collateral intensifies
Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsNEW YORK, Nov 21 (Reuters) - As U.S. regulators ready rules that would push more trading in Treasuries to a central clearing venue, the industry's focus is turning on a key question: how much collateral should hedge funds and others put up to trade there.At issue is whether imposing minimum requirements for collateral, called margin or haircuts, would raise trading costs and curb market...