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Tag: U.S. 30 Year Treasury

Economy is ‘like a coiled spring’ and sharp rebound is possible

Economy is ‘like a coiled spring’ and sharp rebound is possible

Investors should avoid getting too bearish after Monday’s global market rout, according to Patrick Armstrong, chief investment officer of Plurimi Investment Managers. Markets in Europe and the U.S. suffered their worst day since the financial crisis on Monday as a combination of the global spread of the new coronavirus and plunging oil prices sent investors […]

Dow plunges 1,100, worst point drop in history, will Fed act?

Dow plunges 1,100, worst point drop in history, will Fed act?

This is a live blog. Check back for updates. 4:01 pm: Dow ends wild day down nearly 1,200 points The Dow tanked about 1,191 points, falling into correction territory, as coronavirus fears continued to drove investors away from risk assets. The 30-stock benchmark dropped 4.4% for its worst percentage day since Feb. 2018. On the […]

Powell says he’s not trying to boost stocks, comments on coronavirus

Powell says he’s not trying to boost stocks, comments on coronavirus

Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. Mandel Ngan | AFP | Getty Images (This is a live blog. Check back for updates.) 3:07 pm: What the trade deals mean for economy “The fact that […]

Falling bond yields on coronavirus may stunt bank profits

Falling bond yields on coronavirus may stunt bank profits

U.S. Treasury yields are sliding, and that could negatively impact financial institutions, CNBC’s Jim Cramer said Monday. “Worries about a worldwide slowdown mean people will buy [U.S.] Treasurys, and when people buy Treasurys, interest rates go down,” the “Mad Money” host said. “Lower long-term rates translate to lower earnings for the banks, which is why […]