U.S. Treasury yields: investors parse fresh data [Video]
Categories
National Business and Economy News

U.S. Treasury yields: investors parse fresh data [Video]

U.S. Treasury yields fell Tuesday as investors parsed fresh manufacturing data and awaited further insight into the state of the economy from reports due out later in the week.

The yield on the 10-year Treasury was down by less than 3.9 basis points to 4.584%. The yield on the 2-year Treasury was last at 4.937% after rising by 3.4 basis points.

Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%.

The S&P Global Flash U.S. manufacturing PMI came in at 49.9, hitting a four-month low and down from 51.9 in March. A reading below 50 indicates an economic contraction within the sector.

“All told, then, S&P’s survey reinforces the case for thinking markets will be caught out by how quickly the economic data swing to supporting the case for reducing interest rates soon,” said Ian Shepherdson, chairman and chief economist at Pantheon Macroeconomics.

Further economic data due throughout the week could also indicate …

Watch/Read More

Most Popular Posts Today

San Francisco firefighter advocates to keep firefighters protected from toxic chemicals. [Video]
►
Categories
National Business and Economy News

San Francisco firefighter advocates to keep firefighters protected from toxic chemicals. [Video]

Saturday is International Firefighter Day, a day to express gratitude and appreciation to those in the front lines, and to remember the heroes who are no longer with us. KTVU spoke with a San Francisco firefighter who was diagnosed with brain cancer two years after being on the front lines of some of California's largest wildfires. As he fights his own battle with cancer, he is advocating for other firefighters who are exposed to toxic chemicals. San Francisco Fire Battalion Chief Matt Alba is a member of the San Francisco Firefighters Cancer Prevention Foundation. The organization has partnered with Broc Shots, a company that sells "Sulforaphane," a supplement that has been found to help prevent and treat chronic disease, according to the National Institutes of Health. Matt Alba has been taking the supplements, and wants other firefighter to know about Broc Shot's Firefighter Protection Program. Firefighters can sign up on their website to receive free Broc Shots. If you want to support firefighters, you can order a 30-day supply on their website, and a 30-day supply will be gifted to a firefighter who signs up.

Most Popular This Week

Stocks finish higher as Apple, Tesla shares jump | REUTERS [Video]
►
Categories
National Business and Economy News

Stocks finish higher as Apple, Tesla shares jump | REUTERS [Video]

US stocks ended higher, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. #News #business #federalreserve #Reuters #Newsfeed Read the story here: https://reut.rs/49XXiC4 👉 Subscribe: http://smarturl.it/reuterssubscribeKeep up with the latest news from around the world: https://www.reuters.com/Follow Reuters on Facebook: https://www.facebook.com/ReutersFollow Reuters on Twitter: https://twitter.com/ReutersFollow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en