While portraying the mood, S&P 500 Futures bounced off a 2.5-month low, up nearly 1.0% around 3,905 by the press time whereas the US Treasury bond yields recover from the monthly low. That said, the benchmark 10-year Treasury bond coupons rise nearly five basis points to 3.74% as it pares the biggest daily loss in four months. More interestingly, the two-year Treasury bond yields consolidate the heavy daily slump since June 2022 around 4.52% by the press time.
While reacting to the US regulators’ actions, US President Joe Biden said, “American people and American businesses can have confidence that their bank deposits will be there when they need them.” Looking ahead, US President Biden's speech on Monday will precede Tuesday’s US Consumer Price Index for February to direct immediate market moves. Following that, the Retail Sales and preliminary readings of the Michigan Consumer Sentiment Index for March, up for publishing on Wednesday and Friday, will be crucial for clear directions.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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