Bank Shares Slide as Bond Losses Pass $326.7 Billion: SVB Repeat?
Bank stocks across the US, Europe and Singapore slid after Treasury yields climbed, with US lenders' unrealized bond losses at $326.7 billion.
Bank stocks across the US, Europe and Singapore slid after Treasury yields climbed, with US lenders' unrealized bond losses at $326.7 billion.
Investors withdrew $729 million from spot bitcoin ETFs over two days, citing Fed rate-hike speculation and geopolitical tensions. Bitcoin traded near $82,688,…
October preliminary UMich consumer sentiment fell to 46.3, below the 47.8 expected, with inflation expectations ticking up.
Treasury Secretary Scott Bessent has hired Judy Shelton, a former Federal Reserve board nominee, as an adviser.
Investors moved $166.4B into money market funds in a week, the most since April 2020, as bond yields hit 24-year highs.
An oil price increase can impact airfares, grocery costs, bond yields, and stock markets through inflation and monetary policy.
Gold nears $4,180 on lower Treasury yields and a weaker dollar, but Fed tightening risks loom.
Vishal Khanduja of Morgan Stanley turns bullish on US Treasuries for first time in decade, adding duration as yields near 5.4%.
St. Louis Fed President Musalem said more monetary tightening is needed to bring inflation back to target, with the economy strong and job market balanced.
US initial jobless claims totaled 197K last week versus a forecast 200K, with continuing claims at 1716K against a 1708K estimate.
Fed Governor Christopher Waller said more rate hikes are likely but the pace can be flexible, and he played down September's jobs weakness.
Gold briefly dipped below $4,110 support but recovered, as geopolitical tensions support oil; the technical bias remains neutral to bearish.
Bitcoin fell back below $85,000 on low volume; on-chain data shows large buy orders at $81,000 as next support.
Fed hike odds drop to 18.3% after weak jobs and inflation data, with cuts at 0%. A hold is the base case.
Mainland Chinese markets resume after Golden Week with global risks in focus; gold and consumer data are key.