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The Bond Market Is Having a Tantrum. The Fed Isn't Worried. -- Barrons.com
CITIC SEC: Current core inflation pressure in the USA is manageable, with a marginal recovery in the labor market. The yield on 10-year US Treasury bonds is expected to continue to fluctuate at high levels.
In the medium to long term, the central rate of the 10-year U.S. Treasury bonds may gradually rise.
What's Ahead For the Fed, GDP
Fed to Cut Rates This Week, Bringing an End to First Phase of Easing
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Market Euphoria May Be Getting Carried Away: Rockefeller's Chang
Chris12 : Only by lowering the price can Institutions with large funds rebalance at the end of the year, there will be a reaction next week.