Representative AI imageThe Dow Jones Industrial Average opened with a surge of 93.4 points, or 0.19 per cent, at 48,475.81. The S&P 500 was up 33.7 points, or 0.49 per cent, at 6,892.19, while the Nasdaq Composite jumped 214 points, or 0.92 per cent, to 23,449.67.Shares of major oil companies also jumped in early Wall Street trading, in the aftermath of Maduro's capture. Chevron and ConocoPhillips climbed more than 4 per cent at opening, while ExxonMobil shares were up 2.1 per cent.Tech stocks are in focus ...

新华财经北京12月24日电（王菁）债市周三（12月24日）被股市小幅施压，银行间现券震荡盘整，短债 略优于长债，国债期货主力也呈现窄幅整理态势；资金面呈结构性分化，跨年需求升温非银融入成本走 高。 亚洲市场方面，日债收益率普遍回升，10年期日债收益率上行0.8BP至2.047%。 欧元区市场方面，当地时间12月23日，10年期法债收益率跌5.1BPs报3.559%，10年期德债收益率跌 3.6BPs报2.860%，10年期意债收益率跌4.9BPs报3.547%，10年期西债收益率跌4.6BPs报3.284%。其他市 场方面，10年期英债收益率跌2.7BPs报4.507%。 【一级市场】 财政部91天、182天、7年期国债加权中标收益率分别为1.2352%、1.3121%、1.66%，边际中标收益率分 别为1.2957%、1.3527%、1.69%，全场倍数分别为2.36、2.64、3.22，边际倍数分别为1.77、1.33、8.8。 机构认为，午间一度浮现降准传言，带动收益率一波快速回落，但影响短暂，随后重归震荡走势。跨年 资金需求有所升温，非银融入价走高相对明显，随着需求集中释放以及年末分层压力，跨年资金利 ...

Let's get the bond report. Rick Santelli has more on how the markets are reacting to all of these crossurrens. Rick, what can you tell us.>> Well, you know, I like the way the charts tell a picture. If you look at twos and tens when the number was released, a couple things should jump out at you. The twos definitely seem to be more aggressive in holding the upside.I don't think that's for any big reasons to explain the Fed or uh acknowledge percentages and probabilities. I think it's purely the next chart w ...

Welcome back. Stocks are higher after the cooler than expected inflation data this morning. But some questions now being raised about how much we might trust this print.Our Steve Leeman's looking into that. I'm seen the Brucellis response this morning. Uh [laughter] dude, that was one flawed report.>> That's one of my bullet points here, Carl. And you guys were just talking about this stocks loving this cooler than expected inflation report. The bond market and economists highly skeptical with many saying c ...

[Music] Investors are sorting through a mixed picture of updates on the labor market, but our next guest still optimistic on the road ahead for the economy and markets. Bank of America senior investment strategist Lauren Sanfalippo joins me here now to discuss. Lauren, it is good to see you.Let's start in the macro. Lauren, uh, you're all calling for real GDP growth to accelerate nominal over 5%. What gives you the confidence to make that call.>> Well, I think we'll find out more on Thursday on the inflatio ...

Mortgage Rate Trends - The average rate on a 30-year U.S. mortgage increased to 6.22% from 6.19% last week, compared to 6.6% a year ago [1] - The average rate on 15-year fixed-rate mortgages rose to 5.54% from 5.44% last week, down from 5.84% a year ago [2] Influencing Factors - Mortgage rates are influenced by the Federal Reserve's interest rate policy, bond market expectations for the economy and inflation, and generally follow the 10-year Treasury yield, which is currently at 4.12% [3] - The Federal Reserve recently cut its main interest rate for the third time this year, indicating another potential cut in 2026, but this does not directly dictate mortgage rates [4] Historical Context - Following the Fed's previous rate cuts, mortgage rates increased instead of decreasing, peaking above 7% in January, while the 10-year Treasury yield was approaching 5% [5] - A decline in mortgage rates over the summer led to an increase in sales of previously occupied U.S. homes for four consecutive months in October [6] Market Challenges - Affordability remains a significant challenge for many potential homeowners, particularly first-time buyers lacking equity from existing homes [6] - Economic and job market uncertainties are causing many prospective buyers to hesitate in making purchases [6]

Core Viewpoint - Rising long-end yields in the Treasury market are defying historical trends and could indicate potential issues for investors, as highlighted by Apollo economist Torsten Slok [1][3][9] Group 1: Current Market Conditions - Since the Federal Reserve began cutting its policy interest-rate target in September 2024, long-dated Treasury yields have remained stubbornly high [1][3] - Yields on the 10-year and 30-year Treasury securities are currently lower than at the start of 2025, suggesting a potential for price appreciation in the bond market for the first time since 2020 [4] - The yield curve is steepening, with 30-year yields rising faster than 10-year yields, which is concerning as it indicates investors are demanding a greater premium for long-dated U.S. debt [8] Group 2: Historical Relationships - Long-end yields have broken away from their historical relationship with short-end rates, which typically move in tandem [5][6] - A longstanding correlation between long-end yields and crude oil prices is also deteriorating, indicating broader market shifts [7] Group 3: Implications for Investors - Investors across all asset classes are urged to consider the implications of the steepening yield curve and the unusual behavior of long-end yields [9]

Group 1 - The Federal Reserve is expected to implement a "hawkish cut" of 25 basis points, with potential dissent among members regarding the decision [1][2] - There may be two to three members advocating for keeping interest rates unchanged, indicating significant dissent within the Fed [2] - The upcoming announcement of a new Fed official could influence market dynamics, particularly if it is Kevin Hasset [5] Group 2 - The bond market is anticipated to remain relatively stable despite a potential decrease in interest rates, as historical trends suggest the Fed funds rate typically sits about 100 basis points below the 10-year rate [6][7] - A significant amount of loans, over $15 trillion, are tied to the Fed funds rate, which will stimulate the economy through short-term borrowing despite limited impact on long-term rates [8] - Current economic indicators suggest that the economy is performing well, with no significant downturn in sales, which may alleviate concerns regarding the impact of tariffs [11]

want to uh get uh right into the broader markets ahead of this week's Fed meeting. Joining us right now is Jeremy Seagull, professor emeritus of finance at the University of Pennsylvania's Warden School of Business. Also, of course, chief economist at Wisdom Tree.Good morning to you. Uh what do you think we are going to hear from the Fed this week. And and what do you think we should hear from them. >> Uh I think we're going to hear a uh what I call a hawkish cut.I think they are cutting 25 basis points. I ...

Companies are hurrying to the bond market for cheap M&A funding while the going is good, long before their deals are even completed https://t.co/lMqQDy1Cb7 ...