The relationship between yields and prices is inverse, meaning that when one increases, the other decreases. A basis point is equivalent to 0.01%. The yields for various Treasury durations have fluctuated, with some increasing and others decreasing. For instance, the 1-month Treasury yield is at 5.37%, up by 0.009%, while the 3-month Treasury yield is at 5.393%, down by 0.003%. Similarly, the 6-month Treasury yield is at 5.389%, down by 0.001%, and so on for different durations.
In recent economic news, both services and manufacturing sectors showed expansion in May, with higher-than-expected gauges according to the purchasing managers’ index from S&P Global. This indicates positive growth in these sectors. Additionally, minutes from the Federal Open Market Committee’s policy meeting in late April and early May expressed uncertainty about when to ease monetary policy. These factors contribute to the current economic landscape and impact market movements.
Insights into current market trends and economic indicators were provided by CNBC’s Hakyung Kim and Jeff Cox through their analysis of financial decisions made based on these indicators.
On a recent holiday to the German Wadden island of Borkum, a tourist made a…
Threads, developed by Meta, has experienced rapid growth in the past year, achieving a milestone…
The Rams have officially signed Safety John Johnson to a new contract, ending his free…
Grifols, a Catalan company, recently announced changes in its top management by appointing Rahul Srinivasan,…
The Egyptian government has announced a partnership with Talaat Mostafa Group (TMG), one of the…
Amazon Web Services (AWS) has been at the forefront of innovation and growth in the…