Precious metals news

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Japanese investors are turning to creative trades using interest-rate swaps to try and squeeze some yield from a volatile global bond market.

Bank stress will likely be limited to a small number of banks but lead to tighter lending conditions and a pick-up in corporate defaults, a Bank of America April credit investor survey released on Wednesday showed.

The cost of insuring exposure to United States sovereign debt rose to its highest since 2011 on Wednesday, driven up by unease that the government could hit its debt ceiling sooner than expected.

Wall Street's major averages suffered their deepest declines so far this month as a downbeat UPS forecast exacerbated investor concerns about a slowing U.S. economy on Tuesday while plunging deposits at regional First Republic Bank added to jitters about the bank sector's health.

World Bank Chief Economist Indermit Gill is calling for new approaches to address the mounting debt crisis facing many countries, including steps to factor domestic borrowing into assessment of a country's debt sustainability.

"Sadly, I think it's going to take that kind of market signal to wake my ideologically frenzied friends up," Rep. Jim Himes said.

Just when you thought the S&P 500 banking crisis was over, tanking financial stocks remind investors the crisis still rages.

U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government's debt ceiling - and the resulting default - would trigger an "economic catastrophe" that would send interest rates higher for years to come.

Concerns about the U.S. banking system fuelled bids for safe-haven government bonds on Wednesday, while money markets nudged down expectations for the European Central Bank's (ECB) tightening path. First Republic Bank faces challenging options to turn around its business by creating a 'bad bank' or potentially selling assets. At the same time, the Wall Street Journal wrote in an article, including comments from former Dallas Fed President Robert Kaplan, that bank issues had a long way to run.

Oil fell amid widespread losses on Wall Street as lackluster earnings and diminished consumer confidence prompted broad selling.

Swiss National Bank officials can expect a day of protests and controversy this week as embittered shareholders vent on topics ranging from climate change to the fate of Credit Suisse Group AG.

Months before Silicon Valley Bank and Signature Bank collapsed, US financial regulators received warnings about how the industry’s mounting unrealized losses had the potential to spark a crisis.

That’s the warning from Goldman Sachs Group Inc.’s Scott Rubner, whose data show systematic money managers have loaded up on more than $170 billion worth of global shares in the past month, driving the funds’ exposure to the highest level since early 2022.

More and more, the world’s biggest money managers are split over how much further inflation will retreat from the highest levels in decades.

The European Central Bank must lift borrowing costs further because inflation pressures remain too high, according to Governing Council member Boris Vujcic.

Bond traders are no longer fully convinced that the Federal Reserve will do one more quarter-point interest-rate hike.

First Republic Bank is exploring divesting $50 billion to $100 billion of assets as the beleaguered lender attempts to rescue itself from the turmoil that engulfed the industry last month.

S&P 500 futures wavered as First Republic Bank extended a slump amid lingering concerns about the health of US regional banks, even as a strong start to big-tech earnings helped support broader sentiment.

Seasonally Adjusted Money Supply in March fell $257B. As the chart below shows, this is now the 8th consecutive monthly drop. Going back to the 1970s, the drop in March was actually the biggest on record on an absolute and relative basis.