U.S. Treasury Investors Look to Be in Bond-Positive Mood -- Market Talk

Investors on the primary market for U.S. government bonds seem to be leaning toward the bond-positive view, Elmar Voelker, senior fixed income analyst at LBBW, says in a note. Admittedly, the post-CPI 30-year bond auction on Thursday was somewhat slow, while the most recent auction of 10-year Treasurys didn't meet quite as much demand as its predecessor in June, even though the bid-to-cover ratio was above the long-term average, he says.

WSJ34minutes ago

It's Time for the Fed to End the Waiting Game

By Aaron Back Why wait until September? That is the question hanging over markets after Thursday's surprisingly weak inflation reading. There doesn't seem to be much reason for the Federal Reserve

WSJ05:34 ET

The Nasdaq fell nearly 2%, with the largest selling volume of the 'Seven Sisters' in a year and a half, while small caps and Chinese concept stocks surged, and US bonds rose sharply.

Comprehensive cooling of US inflation, September rate cut betting pushing US stocks rotation, S&P and Nasdaq ended seven-day consecutive gains and moved away from their highs, Tesla plummeted 8.4%, the worst in nearly half a year and stopped 11-day consecutive gains, Nvidia fell 5.6%, and the chip index fell 3.5%. The Russell 2000 small-cap stocks rose 3.6%, the best since November last year and the highest in two and a half years, and the worst-performing real estate sector this year had the largest increase in the year. US bond yields fell sharply across the board, with the US dollar falling the deepest in two months. The yen rose by 2.6% at one point, the biggest gain since the end of 2022, and anonymous officials confirmed that the government intervened to rescue the currency.

wallstreetcn03:31 ET

Falling Rates Open an Opportunity in Fixed Income

By Xavier Baraton and Willem Sels About the authors: Xavier Baraton is global chief investment officer, HSBC Asset Management. Willem Sels is global chief investment officer, HSBC Global Private

Barron's02:37 ET

S&P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report

The stock market had a "buy-the-rumor, sell-the-news" move on Thursday after a tamer inflation data sent the major averages sharply lower, with the sell-off spearheaded by mega-caps and big techs.

Benzinga02:19 ET

How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?

Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.

wallstreetcn19:17 ET