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Stocks, Bonds Rise Before Record Treasury Sale: Markets Wrap.

Authors :
Nazareth, Rita
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