Blow-out U.S. jobs growth buoys dollar, hits stocks and bonds
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 10, 2022....
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Analysis: Trend hedge funds come out winners in bond market rout
Systematic traders benefit from bond routSeptember saw many claw back March lossesAfter March some trading strategies changedLONDON, Oct 6 (Reuters)...
FOREX Euro set for longest losing streak in its history, U.S. payrolls loom
A woman holds Euro banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSINGAPORE/LONDON, Oct 6 (Reuters)...
Global economy’s glide to ‘soft landing’ gets bumpy as bond yields jump
WASHINGTON, Oct 6 (Reuters) - Rocketing U.S. government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major crisis.The world's finance officials, who will gather in Morocco next week for the annual meetings of the International Monetary Fund and World Bank, may disagree over the exact drivers of a global bond rout that now appears to reflect more than guessing how far central bankers will raise interest rates.The cause - whether high government...
Sam Bankman-Fried demanded special privileges for his fund, ex-colleague testifies
NEW YORK, Oct 5 (Reuters) - Sam Bankman-Fried's college roommate and ex-colleague, Gary Wang, testified on Thursday at the FTX cryptocurrency exchange founder's fraud trial that Bankman-Fried told him to give a hedge fund they co-owned special trading privileges on FTX.The special privileges granted to the hedge fund, Alameda Research, included a $65 billion line of credit, several orders of magnitude bigger than the amount other users were able to borrow, he said. Alameda had withdrawn $8 billion from FTX by the time of the exchange's bankruptcy in November 2022,...
Fed officials largely sanguine about rise in US bond yields
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo Acquire Licensing RightsOct 5 (Reuters) - Federal Reserve officials on Thursday indicated little concern that the recent rise in U.S. Treasury yields could imperil a "soft landing" for the economy, and said it could actually help the central bank in its fight against inflation.The Fed held its benchmark overnight interest rate steady in the 5.25%-5.50% range last month, but signaled that one more quarter-percentage-point hike would...
US should link China’s power in IMF to support for debt relief- former US official
A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in...
Analysis: When, not if, Europe copies Wall Street share trading reform
Wall Street due to change to one day settlement in MayShorter time could increase competitiveness of EU marketsCould be complex...
EU gives nod to “world’s first” green bond standards
European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsLONDON,...
European stocks gain as US yield surge pauses
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, October 4, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Oct 5 (Reuters) - European stocks opened higher on Thursday, after a plunge in oil prices and softer U.S. labour data late on Wednesday helped bring U.S. Treasury yields back down from 16-year highs.Asian shares rebounded from 11-month lows overnight, following gains on Wall Street. China's mainland markets remain closed for holidays.U.S. yields have been rising in recent weeks as investors reprice the chance of the...