Interest Rates


Strategizing for 2022

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    3 ways to take advantage of record low mortgage rates 3 ways to take advantage of record low mortgage rates 2:55
    Can the U.S. Keep Adding Debt Forever? Can the U.S. Keep Adding Debt Forever? 5:24
4:01 a.m. Today - By Tomi Kilgore
Bank stocks dive as omicron fears send Treasury yields sinkingThe financial sector was hit hard in premarket trading Tuesday, as concerns over the potential impact of the on the economy sent sharply lower. The SPDR Financial Select Sector ETF slid 1.5% ahead of the open toward a seven-week low, with 58 of its 65 equity components trading lower, while futures for the S&P 500 were down 0.8%. Among the more-active ETF components, shares of Citigroup Inc. slumped 2.0%, Morgan Stanley slid 1.6%, JPMorgan Chase & Co. lost 1.8%, Bank of America Corp. dropped 2.0% and Wells Fargo & Co. declined 2.0%. The yield on the 10-year Treasury note declined 10.6 basis points to a two-month low of 1.424%, and has now dropped 24.3 basis points over the past four sessions. Lower longer-term interest rates can hurt bank profits, as it narrows the spread they earn on longer-term assets, such as loans, that are funded with shorter-term liabilities.
3:00 a.m. Nov. 29, 2021 -
Strategizing for 2022TD Ameritrade's JJ Kinahan warns of what could cause additional selling pressure as we approach year-end. Plus, Jason Pride of Glenmede discusses how he's positioning his portfolio to prepare for 2022.
11:11 a.m. Nov. 22, 2021 - By Christine Idzelis
Dow clings to gains as U.S. stocks end mostly lower Monday after Biden picks Powell as Fed ChairThe Dow Jones Industrial Average closed slightly higher Monday, clinging to gains after President Joe Biden announced that he picked Federal Reserve Chair Jerome Powell to serve a second term. The Dow gained less than 0.1%, while the Nasdaq Composite , a technology-heavy index viewed as sensitive to moves in interest rates, closed about 1.3% lower, and the S&P 500 slipped about 0.3%, according to preliminary data from FactSet. Although the S&P 500 slipped slightly, the index's financial sector rose more than 1%, FactSet data show. Shares of Wall Street banks rallied Monday, with Wells Fargo & Co. rising about 3% and Goldman Sachs Group Inc. , JPMorgan Chase & Co. and Morgan Stanley all rising more than 2%, preliminary data from FactSet show. The yield on the 10-year Treasury note rose 9 basis points to 1.625%, according to Dow Jones Market Data.
10:46 a.m. Nov. 22, 2021 - By Christine Idzelis
U.S. stock indexes trade mixed late afternoon Monday after Biden picks Powell to lead FedU.S. stock indexes were trading mixed heading toward the closing bell Monday, with the S&P 500 and Dow Jones Industrial Average each climbing higher while the Nasdaq Composite was down, after the White House announced earlier in the day that Federal Reserve Chairman to serve a second term. The Dow was up 0.8%, the S&P 500 was 0.6% higher and the Nasdaq was off about 0.2%, according to FactSet data, at last check. President Joe Biden's nominations of Powell to lead the Fed as Chair and Fed Gov. Lael Brainard to fill the position of Vice Chair, must be confirmed by the Senate. A sharp rise in shares of Wall Street banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. helped fuel the Dow's rise Monday afternoon. Meanwhile, the technology-laden Nasdaq, seen as sensitive to interest rates moves, slid as the yield on the 10-year Treasury note rose to around 1.62%.
7:00 a.m. Nov. 22, 2021 - By MarketWatch
After letting suspense build, Biden taps Powell for second termPresident Joe Biden has decided to give Fed Chairman Jerome Powell a second four-year term, the White House said Monday.
4:00 a.m. Nov. 22, 2021 - By MarketWatch
Here’s why Santa may skip Wall Street this yearAn extended period of flows into risky assets has crested as the dollar firms.
1:13 a.m. Nov. 18, 2021 - By Steve Goldstein
Dollar climbs against Turkish lira after central bank cuts rates by a full pointThe dollar rose to 10.7739 Turkish lira from 10.6281 lira after the Central Bank of the Republic of Turkey cut interest rates by a full point, to 15%. "The Committee evaluated the analyses to decompose the impact of demand factors that monetary policy can have an effect, core inflation developments and supply shocks and decided to reduce the policy rate by 100 basis points to 15 percent. The Committee expects that the transitory effects of supply-side factors and other factors beyond monetary policy's control on price increases will persist through the first half of 2022," the central bank said.
7:00 a.m. Nov. 17, 2021 - By MarketWatch
4 stock picks for the post-pandemic ‘nesting’ economy from a five-star money managerThe coronavirus pandemic is a "tipping point" for long-term trends that can make investors a lot of money, according to Alex Ely of Macquarie Asset Management.
4:00 a.m. Nov. 17, 2021 - By MarketWatch
This Treasury dealer says the market has it entirely wrong on the Fed and interest rates. Here’s why.For example, pretty much everyone believes the Federal Reserve will raise interest rates next year. Not TD Securities.
12:00 p.m. Nov. 15, 2021 - By MarketWatch
Biden signs bipartisan infrastructure bill into law, authorizing big spending on roads, broadband, EV chargers and morePresident Joe Biden on Monday afternoon signs into law a bipartisan infrastructure bill, delivering long-awaited spending on roads, bridges, broadband, electric-vehicle chargers, ports and other areas.
3:19 a.m. Nov. 10, 2021 - By Tomi Kilgore
GE's stock adds to gains after launching offer to buy back up to $23 billion in debtShare of General Electric Co. rose 1.0% in premarket trading Wednesday, after closing the previous session at a five-month high, following the industrial conglomerate's announcement that it launched tender offers to buy back up to $23 billion in outstanding debt. The company said it is using proceeds from the of its GE Capital Aviation Services (GECAS) business with AerCap Holdings N.V. , in which GE received more than $23 billion in cash and 111.5 million AerCap shares. The debt GE is offering to buy includes maturities from 2022 to 2050 and with interest rates ranging from 0.8% to 7.7%. The announcement comes after GE's stock rallied 2.7% on Tuesday after the company announced . The stock has climbed 28.8% year to date through Tuesday while the S&P 500 has gained 24.7%.
12:00 p.m. Nov. 8, 2021 - By MarketWatch
5 infrastructure stocks to buy now that Biden’s bill has been passed, according to JefferiesThe big money pot for highways, bridges and other projects means these companies are expected to grow earnings at double-digit rates.
12:00 p.m. Nov. 6, 2021 - By MarketWatch
‘It’s a melt-up’: U.S. stocks are on an unusually strong run heading into the holidaysThe U.S. stock market has been on a tear as it heads toward the holiday season.
4:00 a.m. Nov. 5, 2021 - By MarketWatch
U.S. adds solid 531,000 jobs in October, but Americans still not flocking back to labor marketCompanies stepped up hiring efforts in October and added a solid 531,000 jobs, but the biggest labor shortage in decades is still holding back an economic recovery and adding to the largest surge in inflation in three decades.
11:20 a.m. Nov. 4, 2021 - By Ellie Ismailidou
3 ways to take advantage of record low mortgage ratesMortgage rates remain near historic lows as a result of the Fed's efforts to boost the economy amid the COVID-19 pandemic. Here's how hopeful and current homeowners can benefit.
9:31 a.m. Nov. 4, 2021 - By Tomi Kilgore
Bank stocks take a broad beating as Treasury yields fall in wake of Fed taper talkFinancial stocks were suffering a broad beating Thursday, as in the wake of the Federal Reserve's detailing of its , and as the Bank of England held off on an expected rate hike. The SPDR Financial Select Sector ETF dropped 2.0% with 61 of 65 equity components losing ground. within the Dow Jones Industrial Average , Goldman Sachs Group Inc.'s stock was the biggest drag, as it fell $13.49, or 3.2%. Elsewhere, shares of JPMorgan Chase & Co. lost 2.3%, Bank of America Corp. dropped 3.0%, Citigroup Inc. slid 3.4% and Wells Fargo & Go. shed 2.9%. Meanwhile, the yield on the 10-year Treasury note declined 6.0 basis points to 1.519%. Lower long-term interest rates could hurt bank profits, as the spread between what banks can earn on longer-term assets, such as loans, that are funded with shorter-term liabilities is narrowed.
8:42 a.m. Nov. 1, 2021 - By Myra P. Saefong
Gold futures finish higher, but stay below the $1,800 markGold futures , but remained below the key $1,800 mark as the market awaited Wednesday's Federal Reserve decision on monetary policy. "The bear camp in gold and silver should be licking their chops as the markets widely expect the Fed to announce the beginning of tapering of asset purchases on Wednesday," analysts at Zaner wrote in Monday's report. "With the added pressure of a surge in the dollar form last week's lows and the recent rise in U.S. short-term interest rates, the bear camp has several themes operating in its favor. For now, December gold tacked on $11.90, or 0.7%, to settle at $1,795.80 an ounce after posting a loss of about 0.7% last week.
8:36 a.m. Oct. 28, 2021 - By Myra P. Saefong
Gold futures reclaim the $1,800-an-ounce markGold futures the $1,800 mark. Prices for the metal got a lift as missed expectations, easing concerns of a quicker liftoff in U.S. interest rates, said Chris Gaffney, president of World Markets at TIAA Bank. "Gold is widely seen as an inflation hedge, and rising inflation expectations should lend support to the price of precious metals." The GDP miss will help justify Federal Reserve Chairman Jerome Powell's arguments that "the economy is not in danger of overheating and interest rates will remain very accommodative for the foreseeable future." December gold rose $3.80, or 0.2%, to settle at $1,802.60 an ounce, the first most-active contract finish above $1,800 since Monday.
11:15 a.m. Oct. 27, 2021 - By Mark Decambre
Dow closes 266 points lower, halts string of gains as Nasdaq ekes out 3rd straight rise and Treasurys log steepest yield slide in 3 monthsThe Dow and S&P 500 closed lower Wednesday, ending a string of gains for the equity benchmarks that have been mostly rising to all-time highs on the back of upbeat quarterly results from American corporations. The Dow Jones Industrial Average closed down 266 points, or 0.7%, at about 35,491, the S&P 500 index closed 0.5% lower at 4,552. The Nasdaq Composite Index finished the session nearly unchanged at 15,236, as a retreat in yields for the 10-year Treasury note and the 30-year Treasury bond hit lows not seen since July 19, according to Dow Jones Market Data. Lower yields can buoy yield-sensitive sectors like information technology and investment factors like growth. In corporate results, Microsoft Corp. reported quarterly earnings that shot over $20 billion for the first time, late Tuesday, which helped to limit declines in the broader market and supported the tech sector on Wednesday. Microsoft shares rose 4.2% to $323.17, notching a record close, according to Dow Jones Market Data. Meanwhile, in a surprise move Wednesday, the Bank of Canada said it would abruptly end its bond-buying program and warned of prolonged inflation through 2023, while also signaling it may hike interest rates sooner than expected, the second quarter of 2022.
9:20 a.m. Oct. 27, 2021 - By Mark Decambre
Long-dated Treasury yields on track for biggest daily drop in over 3 monthsLong-dated Treasury yields on Wednesday were experiencing the biggest slide in months, with buying in long-dated bond yields fueled by concerns about the economic outlook, against expectations that the Federal Reserve will commence the reduction of monthly asset purchases, as early as next week, with an eye toward eventually hiking interest rates, which currently stand at a range between 0% and 0.25%. The 10-year Treasury note yield was 8.3 basis points lower at around 1.538% at last check Wednesday, compared with its 3 p.m. Eastern Time levels. The daily slide for the benchmark Treasury rate, used to price everything from mortgages to car loans, would mark the steepest one-day slide since July 19, according to Dow Jones Market Data. Meanwhile, the 30-year Treasury bond rate was at 1.953%, off 9.8 basis points, which would also mark its sharpest yield slide since July 19.
8:41 a.m. Oct. 25, 2021 - By Myra P. Saefong
Gold futures mark highest finish in almost 6 weeksGold futures climbed to their , with support from weakness in U.S. Treasury yields offsetting pressure from a rise in the dollar. The precious metal's relatively quiet price action "may wind up being the calm before the storm of a significant market move," said Tyler Richey, co-editor at Sevens Report Research. "Real interest rates are as low as they have been since the beginning of the pandemic, which is supportive of gold as rising inflation expectations are outpacing the rise in benchmark interest rates." December gold climbed $10.50, or 0.6%, to settle at $1,806.80 an ounce. Prices based on the most-active contract settled at their highest since Sept. 14, after posting a gain of about 1.6% last week, according to FactSet data.
7:39 a.m. Oct. 22, 2021 - By Mark Decambre
Stock market briefly takes a U-turn lower Friday as Tepper says market isn't a great investment now, Powell hints a rate hikeU.S. stock indexes were turning lower midday Friday, with the main benchmarks retreating from records to end an otherwise strong week of gains, as investors digested comments from Federal Reserve Chairman Jerome Powell. Some of the shift lower in sentiment intraday als was blamed on comments from hedge-fund luminary David Tepper, who said he didn't think stocks were "a great investment right here," in an interview with CNBC on Friday. "I just don't know how interest rates are going to behave next year... I don't think there's any great asset classes right now... I don't love stocks," he told the business network. The Dow Jones Industrial Average [ : DJIA] was up less than 0.1%, while the S&P 500 index was off 0.3% and the Nasdaq Composite Index was nearly 1% lower. Powell told the BIS that the job market could reach maximum employment next year, achieving one of the Fed's central mandates, which he said would meet one requirement for a rate hike.
10:04 a.m. Oct. 21, 2021 - By Tonya Garcia
McDonald's chances of adding the McPlant to the nationwide menu are 'fairly high,' says BTIGAnalysts at BTIG say although McDonald's Corp. "claims" to be testing the McPlant in eight restaurants, they think there's a "fairly high" chance that the plant-based sandwich will rollout out nationwide in 2022. "We believe interest in adding a plant-based meat option to menus is accelerating domestically at quick-service operators," analysts led by Peter Saleh said. "We believe that 2022 will be a pivotal year for plant-based meat in the QSR segment with many brands introducing the product or increasing their offering to further differentiate themselves from competitors." Analysts cite plant-based options at other fast-food chains, like the Impossible Whopper at Restaurant Brands International Inc. chain, Burger King. "In our view, many of the brands that are testing the offering will launch the product systemwide in effort to leverage national advertising to determine the true sales potential of the products." BTIG estimates that putting the McPlant on the menus at 13,000 McDonald's locations could add $200 million in revenue for Beyond Meat Inc. Like , BTIG think the eight test restaurants were chosen to determine the reception among a broad group of customers. BTIG rates Beyond Meat stock neutral, saying that while the company has strong brand awareness and consumers are adding plant-based meat alternatives to their diets, competition and weakness in the foodservice channel are hurting the business with prolonged COVID-19 disruption stalling a rebound as restaurants emphasize efficiency in the kitchen. Beyond Meat shares have fallen 13.7% for the year to date. McDonald's stock is up 12.6%. And the Dow Jones Industrial Average is up 16% for the period.
2:00 a.m. Oct. 21, 2021 - By MarketWatch
Worried about the Fed's next steps? Here are 3 things you need to knowThe Federal Reserve may soon begin reducing its asset purchases. But monetary policy is not on a preset course. Here's what investors need to know.
3:13 a.m. Oct. 18, 2021 -
Assessing Earnings, Inflation & GrowthBarron's Carleton English analyzes big bank earnings and Guy Lebas, Janney Montgomery Scott's chief fixed income strategist, discusses treasury yields, inflation and interest rates. Plus, Omar Aguilar, Schwab Asset Management's CIO, offers his outlook for wage growth.
11:45 p.m. Oct. 14, 2021 - By Steve Goldstein
Morgan Stanley lowered to sector perform at RBC Morgan Stanley was downgraded to sector perform from outperform at RBC Capital Markets. "Its performance over the last 18 months has been very strong due to better than expected core results (driven by the current bull market) and the successful acquisitions of E*TRADE and Eaton Vance. We believe the outlook for the company is still healthy but with the likelihood of higher interest rates over the next 12-18 months, traditional commercial banks will likely outperform the investment banks including MS, in our view," said analyst Gerard Cassidy in a note to clients. Morgan Stanley shares have gained 47% this year.
7:00 a.m. Oct. 2, 2021 - By MarketWatch
The biggest risk facing investors this earnings season is lurking just beneath the surfaceGrowth rates of more than 27% for EPS and more than 15% for sales suggest corporate earnings have staged a strong rebound from their pandemic lows. But for some companies, that's far from the case.
12:00 p.m. Oct. 1, 2021 - By MarketWatch
Why a pill you take at home could change the direction of the pandemicMerck and Ridgeback Therapeutics Inc.'s promising oral antiviral could shift the direction of the pandemic by making it easier for people with COVID-19 to take a pill at home that can keep them from getting severely sick.
4:00 a.m. Oct. 1, 2021 - By MarketWatch
Here are five places to invest for income that Wall Street is overlooking, says Fidelity managerIt's been a difficult decade, not just month, for income investors, with interest rates so low. Now, income investors confront not just low rates but high inflation.
1:33 a.m. Sept. 29, 2021 - By Steve Gelsi
Jefferies lifts financial stock rating to overweight from market weightJefferies equity strategist Steven G. DeSanctis on Tuesday lifted the firm's rating on financial stocks to overweight from market weight in a reaction to bearish sentiment around the sector and the prospect of higher interest rates. "Sentiment is downright awful," he said. "When flows are this bad, the group rebounds and delivers better than average performance." The sector offers cheap valuations currently and may be helped by GDP growth of 4% next year. "We think '22 earnings numbers are very conservative and should move up, keeping the revision ratios above average," DeSanctis said. M&A activity remains at record levels and could boost performance. Among the stocks in the group, Jefferies spotlighted Ares Management , Carlyle Group , First Cash Inc. , Hancock Whitney , LPL Financial , OneMain Holdings , Signature Bank , SLM Corp. , Sterling Bancorp , Western Alliance Bancorp and Wintrust Financial . The SPDR Regional Banking ETF is up 30.9% so far this year, compared to a rise of 16.6% by the S&P 500 .
11:13 a.m. Sept. 24, 2021 - By Mark Decambre
Dow, S&P 500 shake off Evergrande-inspired shocks, Fed tapering talk to end week solidly higher The Dow Jones Industrial Average and the S&P 500 ended higher Friday and the broader market notched weekly gains, capping a wild stretch for equity markets that was initially marked by a bout of uncertainty over the potential collapse of China property developer Evergrande. The outlook for the developer, with some $300 billion in debt, remains uncertain. Still, the Dow closed up 0.1% at around 34,798, the S&P 500 index finished up 0.2% higher at 4,455, logging weekly gains of 0.6% and 0.5%, respectively, FactSet data show. The Nasdaq Composite Index finished the day lower, of less than 0.1%, as the benchmark 10-year yield rose to around 1.45%, contributing to a 9 basis point jump for the benchmark debt and marking the largest weekly rate rise since March 19, Dow Jones Market Data show. The yield-sensitive Nasdaq Composite still managed to end the week in positive territory. On the data front, U.S. new-home sales increased 1.5% to an annual rate of 740,000, the government said Friday. In corporate news, Nike Inc. shares fell about 6% after the sportswear maker reported quarterly sales that fell short of Wall Street expectations, and said wages and overhead expenses weighed on revenue. For the week, the energy sector produced the best gain of the S&P 500's 11, rising 4.7%, while financials rose 2.2%. On Wednesday, the Fed's Jerome Powell signaled that the central bank could soon end a key aspect of its market-supportive programs and aim to lift interest rates as early as 2022.
12:00 p.m. Sept. 22, 2021 - By MarketWatch
Why the debt limit fight makes Washington a stock-market ‘wild card’The potential for another white-knuckle flirtation with a U.S. default via a debt-ceiling showdown is helping to raise policy uncertainty. The good news, is that rising uncertainty has traditionally been a buying opportunity, says a top Wall Street technician.
11:10 a.m. Sept. 22, 2021 - By Mark Decambre
Dow, S&P 500 post best daily gain in 2 months even as Fed says tapering of asset purchases coming soonU.S. stock indexes closed higher Wednesday, with the S&P 500 and the Dow industrials notching their best daily gains in about two months, as Federal Reserve Chairman Jerome Powell signaled the central bank may announce a pullback of its bond purchases in November and could start to raise interest rates in 2022, with both moves largely expected by market participants. Subsiding fears around embattled Chinese property development company Evergrande, which rattled investors on Monday, also helped set a more bullish tone on Wall Street. But investors are also watching developments in the U.S. Congress on raising the federal debt ceiling. The Dow Jones Industrial Average rose by about 338 points, or 1%, to reach 34,258, representing the best point and percentage gain for the blue-chip index since July 20; while the S&P 500 index climbed 1% to 4,395, marking the best day since July 23. The Nasdaq Composite Index , meanwhile, also rose 1% to 14,896 for its best day since Aug. 27, FactSet data show. In corporate news, shares of Stitch Fix Inc. rallied nearly 16% on Wednesday after reporting quarterly results.
9:08 a.m. Sept. 22, 2021 - By Mark Decambre
Dow rises over 400 points, adding to rally as Federal Reserve says reducing asset purchases 'may soon be warranted'The Dow industrials and the broader market held onto early sharp gains on Wednesday after the Federal Reserve kept rates unchanged, as expected, and indicated that tapering of asset purchases "may soon be warranted," without providing specific details on timing and pace. The Dow Jones Industrial Average was trading 449 points higher, or 1.3%, at 34,359, the S&P 500 index traded 1.2% up at 4,405, while the Nasdaq Composit Index advanced 1% at 14,895. The Fed decision will be followed by a news conference with Chairman Jerome Powell at 2:30 p.m. Eastern Time. The Fed has been buying $80 billion worth of Treasurys and $40 billion worth of mortgage-backed securities each month since last summer to keep long-term interest rates low and spur demand. Since the summer, the Fed has been talking about slowing down the purchases. The central bank has been guarded, worried there could be a repeat of the "taper tantrum" that roiled global financial markets in 2013. The formal announcement could come at the November 2-3 meeting or December 14-15, economists said.
9:08 a.m. Sept. 22, 2021 - By Myra P. Saefong
Gold settles slightly higher, extends gains after Fed policy statementGold prices settled with a , then moved up further after that they're almost ready to taper their bond-buying and expect to raise interest rates by late 2022. December gold was at $1,785.80 an ounce in electronic trading, following a settlement at $1,778.80, up 60 cents, or 0.03%, for the session.
7:00 a.m. Sept. 22, 2021 - By MarketWatch
Global tally of COVID-19 cases nears 230 million, as Biden convenes virtual pandemic summit and doubles U.S. purchase of Pfizer vaccineThe global tally of confirmed cases of the coronavirus-borne illness COVID-19 was heading close to 230 million on Wednesday, as President Joe Biden prepared to host a virtual summit on the pandemic with world leaders gathered in New York for the United Nations General Assembly.
4:33 a.m. Sept. 22, 2021 - By William Watts
Stocks open higher ahead of Fed decisionU.S. stocks opened with gains Wednesday, as investors awaited the conclusion of a meeting of Federal Reserve policy makers. The Dow Jones Industrial Average rose 225 points, or 0.7%, to 34,144, while the S&P 500 advanced 0.5% to 4,374 and the Nasdaq Composite gained 0.2% to trade at 14,773. The Fed will release a policy statement at 2 p.m. Eastern, followed by Chairman Jerome Powell's news conference at 2:30 p.m. Investors will be looking for indications to the timing of the eventual tapering of the Fed's monthly asset purchases, while also paying close attention to updated forecasts on the path of interest rates.
3:10 a.m. Sept. 20, 2021 -
A September to ForgetKristen Bitterly, Citi Private Bank's head of capital markets, says that ongoing volatility through the end of summer will offer prime buying opportunities in the fall. Plus, Katy Knox, Bank of America Private Bank's president, on the key questions she's getting from clients today.
12:00 p.m. Sept. 16, 2021 - By MarketWatch
Job hunters are putting their vaccination status on LinkedIn and résumés. Should you do the same?By the end of August, the share of job postings on mentioning vaccination requirements rose 242% from the same point in July
7:00 a.m. Sept. 16, 2021 - By MarketWatch
Scientists continue to say there isn’t enough evidence to support giving COVID-19 boosters to all AmericansAn influential Food and Drug Administration committee is set to meet Friday to discuss whether the regulator should approve BioNTech and Pfizer's COVID-19 booster shot
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