By Matt Tracy (Reuters) -U.S. corporate bond market issuances have dried up after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump’s sweeping tariffs widened the most since the 2023 regional banking crisis. Since Trump’s tariff announcements exactly one week ago on April 2, corporate bond spreads, …
US corporate bond market dries up on Trump tariff volatility Read More »
(Reuters) – Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus at the country’s ports after the U.S. applied tariffs that President Donald Trump imposed on importers of the OPEC nation’s oil, according to shipping data and documents. In March, the U.S. Treasury Department gave U.S. oil producer Chevron …
Venezuela’s oil flows again, after a week of panic Read More »
By Michael S. Derby (Reuters) -The Federal Reserve’s decision to dramatically decelerate the pace of its balance sheet drawdown last month garnered broad support from policymakers, although there was more internal opposition to the shift than first understood, minutes from the central bank’s latest meeting released on Wednesday showed. The decision to very nearly stop …
Fed minutes show some officials favored steady balance sheet drawdown Read More »
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve policymakers were nearly unanimous at their meeting last month that the U.S. economy faced risks of simultaneously higher inflation and slower growth, with some policymakers noting that “difficult tradeoffs” could lie ahead for the central bank, according to the minutes of the meeting. The March 18-19 session …
Fed minutes show broad sense US risks tilted towards higher inflation, slower growth Read More »
By Davide Barbuscia NEW YORK (Reuters) -A sharp selloff in U.S. Treasuries this week has remained orderly despite continued uncertainty stemming from the U.S. administration’s trade policies, said Dan Ivascyn, group chief investment officer at U.S. bond giant PIMCO on Wednesday. U.S. Treasuries, a building block of the global financial system, came under heavy pressure …
PIMCO’s Ivascyn says US bond market selloff has been orderly Read More »
By Pete Schroeder WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent on Wednesday said he thinks the Trump administration can reach tariff deals with U.S. allies as he prepares to lead negotiations with more than 70 countries in coming weeks, warning that moves to align more closely with China could backfire. Bessent, speaking to an American …
Trump can likely reach tariff deals with US allies, Bessent says Read More »
(Reuters) -Traders on Wednesday sharply trimmed their bets on Federal Reserve interest-rate cuts after U.S. President Donald Trump said he was further increasing tariffs on China but pausing for 90 days the big tariff increases he had announced last week for most other countries. Traders of futures that settle to the Fed policy rate now …
Traders see just three Fed rate cuts in 2025, starting in June Read More »
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – A U.S. Treasury debt auction of $39 billion in benchmark 10-year notes was well received on Wednesday, showing solid investor demand even after a bond market sell-off driven by an escalating trade war between the United States and its major trading partners led by China. The U.S. Treasury’s …
US Treasury 10-year note auction outcome shows strong demand Read More »
(Reuters) – EF Hutton said on Wednesday it is making a comeback to Wall Street, reviving one of the most prominent brands in the brokerage industry. It will be led by CEO Joseph Rallo, who, along with former business partner David Boral, had previously resurrected the brand in 2021. Rallo and Boral positioned EF Hutton …
(Reuters) -The interest rate for the most popular U.S. home loan dropped to 6.61% last week, the lowest rate since October, giving a boost to mortgage applications even as global stocks tumbled in the wake of President Donald Trump’s decision to impose sweeping tariffs on trading partners the world over. The average contract rate on …
US 30-year mortgage rate dropped last week, applications surged Read More »
