The 10-year benchmark yield was at 6.5038% as of 10:00 a.m. IST, after closing at 6.4972% on Thursday. New Delhi is set to sell 15-and-40-year bonds worth 160 billion rupees ($1.8 billion) each later in the day, the final auction of the first half of the fiscal year. "Today's auction papers are such that the cutoffs could make or break the market, and hence they are important before the second half schedule" trader at a state-run bank said. The government's October-March debt supply calendar is due after m ...

Let's talk about all that and maybe the government shutdown as well because I'm just going to give it to Rick Santelli and Rick you you do you talk about whatever you think is important right now. Well, I think the Oracle issue is important. Second largest investment grade deal of the year.And what I find interesting there is we could find a lot of reasons what uh what what they're going to tell us regarding why they're doing this versus equity debt. But here's the way I look at it. Interest rates in my opi ...

ToplineThe U.S. economy grew at a rate much higher than originally reported in the second quarter as consumer spending rose, according to revised data released Thursday by the Commerce Department, bringing surprise to economists. One economist noted a revision to economic growth—nearly 1% above initial reports—was “outside the norm.”Getty ImagesKey FactsReal gross domestic product increased at an annual rate of 3.8% in the second quarter, up from an earlier revision of 3.3% and initial reports of 3% growth, ...

Rick Santelli is standing by at the CME in Chicago. And Rick, you want to say what you think is happening, what we've been watching with yields at this point, ever since the Fed's meeting. Well, to me, yields are doing exactly what they should.Maybe even not to the extent I thought they would. To me, the yields are going to continue to be firm, especially all durations, all maturities from sevenyear on. So, tens, uh, 20s, 30s.I think they're going to be sticky. And the reason I think they're going to be sti ...

Group 1: General Motors - UBS upgraded General Motors from neutral to buy, raising the price target from $56 to $81, citing the company's ability to manage tariff costs effectively [1] - Analysts expect North American margins for General Motors to be between 8% to 10%, which is significantly higher than the street's expectation of 6% to 6.5% [5] - The potential for lower interest rates is anticipated to drive higher vehicle sales for General Motors [5] Group 2: Tesla - Tesla shares increased nearly 4%, marking the highest close since December, with analysts predicting a strong Q3 due to expected delivery numbers exceeding expectations [2] - The impending deadline for tax credits is expected to boost demand for Tesla vehicles in Q3 [2] - Analysts believe Tesla has favorable conditions heading into year-end, despite some anticipated challenges [3] Group 3: Automotive Market Conditions - Rising interest rates have made vehicles less affordable, impacting consumer purchasing behavior [4] - The overall price of cars is a concern, with significant increases noted compared to three years ago, influenced by tariffs and interest rates [4][6] - The automotive industry is experiencing a shift with regulatory changes that may provide short-term benefits but could pose long-term challenges [6]

There’s been a drawdown in Bitcoin futures contracts over the past couple days, with $1.25 billion worth of open interest leaving the past day—and analysts say that’s good for the BTC derivatives market. The open interest in Bitcoin futures contracts has sunk to $80.8 billion from $85 billion as of Tuesday afternoon after steadily falling each day since last Thursday, according to crypto data aggregator Coinglass. “The flush has reduced open interest and is more likely a healthy reset than a bearish warn ...

Jerome Powell Treasuries gained for the first time in five sessions after Federal Reserve Chair Jerome Powell reiterated his view that policymakers face a “challenging situation” in balancing risks to inflation and the labor market. Most Read from Bloomberg The gains pushed yields two to four basis points lower across tenors, with the rate on the 10-year bond falling to 4.11%. The market had been under pressure since Powell last week suggested policymakers would take a cautious approach to further rate ...

Morocco left interest rates unchanged for a second quarter, remaining on guard for inflationary risks as tensions simmer in the broader Middle East https://t.co/8dIYP0zQfh ...

Welcome to the program. So we've got a range of topics to work through. First of all, given the Federal Reserve and Chair Jay Powell is in focus later on this afternoon, a man who, of course, you know well, we'd love your reaction to the latest pressure on the Federal Reserve and the daylight, the division within the committee right now and the daylight between the Governor Meyer and coming out of the White House and everybody else.David, what's your reaction to that as it builds through the summer and as w ...

The ECB has inflation is under control and should maintain space to act in the future on interest rates, according to an incoming Governing Council member https://t.co/MYcb4icGBE ...