
Markets are mixed in early trading, with stocks and crude oil alternating between gains and losses. The same goes for gold and silver. Treasuries are mostly flat, while the dollar is a bit higher.
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Markets are mixed in early trading, with stocks and crude oil alternating between gains and losses. The same goes for gold and silver. Treasuries are mostly flat, while the dollar is a bit higher.

The Federal Reserve’s long-awaited rate hikes are unlikely to rescue the beaten-down Treasury market. Long-dated U.S. government bonds, as measured by the iShares 20+ Year Treasury Bond exchange-traded fund, have generated 4.4% in losses this year on a total-return basis. Consider this: The 10-year breakeven rate, which measures future inflation expectations, has only risen 0.09 percentage points this year through Wednesday, even as the 10-year Treasury yield has risen nearly a full percentage point to 5.02%, a 19-year high.

A $7 billion flood into a Treasury bond fund that has lost a third of its value sounds like a mistake, but Bloomberg ETF analyst Eric Balchunas sees something else entirely in that trade on the morning of a Fed decision.

Long Treasury yields just hit levels not seen since 2007, and the usual rescue plan from the Fed is nowhere on the horizon. Understanding why this time is structurally different matters for anyone still holding duration as a bet on rate cuts.
Investing.com - The Federal Reserve is widely expected to raise its benchmark interest rate by 25 basis points today, which would mark the first hike since July 2023 and push the target range to 3.75%-4.00%.

<p>The summer months may have ended, but the dog days appear to be sticking around, at least for markets. With the Fed rate decision due Wednesday and new developments in the Middle East sparking renewed fears of oil shortages, bond yields are spiking. It turns out that bonds are anything but boring this year. </p>

Stocks are under modest pressure again this morning after a late day fade yesterday. Crude oil is up, while gold, silver, and Treasuries are mixed. Bitcoin and other cryptocurrencies are broadly lower.

Investor Peter Schiff said he doesn’t believe the Federal Reserve will raise interest rates next week, arguing that even if it does, a quarter-point move would do nothing to curb inflation in an environment of surging commodity prices. ‘They Should...

The August consumer price index is due Friday at 8:30 a.m. ET and could determine whether the Federal Reserve raises interest rates next week, with the decision potentially coming down to whether core prices rise 0.2% or 0.3%. Markets are...

Here is how investors can profit from the geopolitical chaos.

Strong August jobs data raised rate-hike odds ahead of the Fed's September meeting. IWM, XLF, and TLT offer different ways for investors to position for the decision's outcome.

Fed Governor Christopher Waller just gave bond markets a reason to breathe easier, but buried inside his reassuring comments sits a single word that could unwind everything investors took from his speech.

The bond market is shouting to the world that money is getting expensive. But New York Fed President John Williams sees something different behind the rise in Treasury yields. In a CNBC interview on Wednesday, Williams said the climb in long-term yields is driven in large part by a “strong U.S. economy and a strong economic outlook fueled by big investments,” pointing to artificial intelligence, data centers and technology spending broadly. Rising Bond Yields May be a Symptom, Not a Problem Will

The Fed might not have anything to do with the rise in long-dated bond yields, but it might be able to stop it.

The Federal Reserve may have changed the way it moves markets without changing interest rates. Kevin Warsh went to Jackson Hole to tell financial markets to stop staring at the Federal Reserve. He never explicitly called for a rate hike...

Inflation is the traditional enemy of bonds, because it makes future returns worth less. But there’s another factor in play now.

Stocks are rallying, but still haven’t posted meaningful gains since May. The next three days could change that.

Strong earnings growth over the past few quarters has helped lift U.S. stocks into record territory. Now, rising Treasury yields are threatening to temporarily derail the rally.

<p>The 30-year Treasury yield recently hit 5.33%, a 19-year high, before Treasury intervention. Meanwhile the national debt is closing in on $40 trillion with the federal deficit on track to top $2 trillion this fiscal year. It’s a reality that's actively reshaping which ETFs win and which get punished. Here's how America's debt reality is hitting the ETF market right now.</p>

<p>Small-caps lagged their large-cap peers for over a decade in an environment dominated by the Fed put, failing to manifest any long lasting outperformance. With so much now changed, can small-cap performance this year manage to establish a longer-term trend or will it too prove to just be a temporary rotation? Find out what the industry experts think in this episode of<em> ETF Zoo</em>. </p>

One of the most heavily-traded ETFs tracking performance in the U.S. Treasury market has just fallen to its lowest level in over 20 years.

Cooling inflation and weaker job data ease Fed hike bets, but Hormuz tensions increase oil risks. See how QQQ, IWM and TLT may respond.

The July 2026 jobs report was a stark confirmation that US hiring momentum has ground to a halt. For the Federal Reserve, the data leaves little choice but to lean toward looser monetary policy to stave off further labor market deterioration, says Bryan Perry, editor of Cash Machine.

Washington is floating brand-new tax cuts at the exact moment the federal deficit is blowing past levels not seen since the pandemic, and bond markets are already reacting. Here is what the latest Treasury numbers reveal about where fiscal policy could push interest rates next.
Short-term notes tend to be highly influenced by the Federal Reserve. Long-term bonds have been responding to something else.
In my 40-plus years in this business, I’ve seen new Federal Reserve Chairmen and Chairwomen routinely tested by the market. Just look at the performance of the S&P 500 Index (^SPX) in Chairman Powell's first year. That said, I think the market narrative around Kevin Warsh is just wrong, maintains Nancy Tengler, CIO of Laffer Tengler Investments.
Volatility is ticking higher in the $30 trillion Treasury market as investors bet that yields will push higher.
<p>The largest long-term Treasury ETF is down 3.8% this year, erasing most of last year's gain, as inflation and debt worries pressure the long end.</p>
Federal Reserve officials just won't listen to us! We warned them that the economy didn't need the four cuts in the federal funds rate (FFR) at the end of 2024. The Bond Vigilantes agreed with us. Now, we conclude that the Fed has to raise short-term rates to lower long-term rates, writes Ed Yardeni, editor of Yardeni QuickTakes.
For years, Federal Reserve decisions became something of a rubber stamp, with investors focused more on the press conference than the announcement itself. Under new Fed Chair Kevin Warsh, that dynamic has flipped, observes Bret Kenwell, US investment analyst at eToro US.
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