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Treasury Yields Haven't Peaked Yet as Experts Say 10-Year Rate Could Hit 2%Mar 23, 2021 - 05:17:51 PDT
Fidelity Investments' Jurrien Timmer says the 10-year Treasury yield could inch higher, but he is not concerned about this posing a risk to financial markets.
Treasury Yields Fall Following Fed Chair Powell's Comments on the EconomyMar 23, 2021 - 05:16:14 PDT
U.S. Treasury yields ebbed lower on Tuesday morning, following comments from Fed Chairman Jerome Powell, warning the economic recovery was "far from complete."
White House Officials to Meet With Energy Industry Execs Ahead of Climate, Infrastructure PlanMar 23, 2021 - 05:14:38 PDT
The attendees are expected to include the top executives of BP, Chevron, Exxon and BHP, among others.
The U.S. is recording at least 54,300 new Covid-19 cases and at least 1,000 virus-related deaths each day, based on a seven-day average using JHU data.
TROUBLE IN PERU: Recovery In Silver Mine Production Stalls As Supply Declines Once AgainMarch 23, 2021
The hope that Peru's silver mining industry would fully recover by the end of 2020 was stalled as production declined considerably during the first month of the new year. This was quite a surprise as the country's silver production reached a high in December since the pandemic shutdowns last...
Even though the premiums for Silver Eagles are still quite high, U.S. Mint sales this month continue to be RED HOT. In just five days, the U.S. Mint sold another 850,000 Silver Eagles. In March, sales of Silver Eagles already surpassed last month's total by 110,500, and there is still another week remaining...
Gold slipped 1% on Monday, with a lull in the dollar's rally offering little respite as U.S. equities gained and U.S. Treasury yields remained near a one-year peak. Spot gold had fallen 0.4% to $1,737.16 per ounce by 10:49 A.M EDT (1449 GMT). U.S. gold futures fell 0.4% to $1,735.10.
The remains of a 3,000-year-old gold mask are among a huge cache of over 500 ancient artifacts found at an archaeological site in China's Sichuan province.
This past week we got to observe Fed Chair Jerome Powell and the US stock market and the US bond market do everything I said they would do in their complicated shuffle of ships-and-icebergs: “…
The Swiss National Bank spent 110 billion francs ($118 billion) on interventions in 2020, evidence of heightened market activism that risks fueling more tension with the U.S. The tally is the highest since 2012 and indicates officials purchased currency worth 9 billion francs in the fourth quarter, when the U.S. Treasury branded Switzerland a currency manipulator.
The rise of Bitcoin and other cryptocurrencies has prompted the greatest push yet among central banks to develop their own digital currencies. In 2020, the Bahamas launched its sand dollar to make payments more efficient across the archipelago’s 700 islands, and China is likely to be one of the next to follow suit after numerous consumer pilot tests.
Department of Homeland Security (DHS) Secretary Alejandro Mayorkas said Sunday that domestic extremism presents the "greatest" terror-related threat to the U.S.
The European Central Bank increase bond purchases by nearly half last week, ramping up its stimulus efforts to keep a lid on borrowing costs and convince sceptical investors it would do what it took to restrain bond yields.
Central banks are clearly not responsible for today’s investment decisions, but the longer their market support continues, the riskier the search for yield may become. Monetary policymakers and credit investors alike are facing an unenviable dilemma.
Guggenheim Warns Fed's Powell Is Giving "Conflicting Guidance" To Bond InvestorsMar 22, 2021 - 11:28:48 PDT
"The [bond market] selloff has largely run its course," says Guggenheim CIO Scott Minerd, confirming his call from two weeks ago to 'buy the dip' in bonds as investors’ “reach for yield” puts downward pressure on 10-year Treasury rates, likely rendering the current yield unsustainable.
[This article is part of the Understanding Money Mechanics series, by Robert P. Murphy. The series will be published as a book in 2021.] In chapter 10 we explained the connection between monetary inflation and price inflation, and warned that there is no simple one-to-one relationship.
The Everything Bubble: How A Debt-Driven Economy Creates More Frequent CrisesMar 22, 2021 - 11:19:05 PDT
The pace of global recoveries since 1975 has been slower and weaker, consistently every time, according to the Organisation for Economic Co-operation and Development (OECD). Recoveries take longer and happen slower.
President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic.
President Biden’s economic advisers are preparing to recommend spending as much as $3 trillion on a sweeping set of efforts aimed at boosting the economy, reducing carbon emissions and narrowing economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.
Perhaps we have collectively "lost our mind." Perhaps what we need is not a new technology but a new way of living that uses existing technologies to echo "old ways" that worked rather well on much lower energy consumption.