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Stocks, Bonds Rise Before Record Treasury Sale: Markets Wrap.
- Source :
- Bloomberg.com; 2/7/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- Stocks and bonds have risen ahead of a record $42 billion sale of 10-year Treasuries, with investors also awaiting Federal Reserve speakers for insight into interest rates. A successful government auction could have a positive impact on both equity and bond markets due to recent supply concerns. Tech megacaps led gains in the S&P 500, and ten-year yields fell below 4.1%. The article also mentions upcoming central bank speakers and the potential for interest rate cuts. The 10-year Treasury auction is expected to be the largest ever, and Ford Motor Co., Snap Inc., Alibaba Group Holding Ltd., Uber Technologies Inc., and Yum! Brands Inc. reported corporate highlights. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 175318691