![]() ![]() ![]() ➡️ Toto secured the singles title /bFLtTPXyfy- UCF Men's Tennis September 24, 2023Ī pair of UCF Men’s Tennis teammates faced off for the title in the “B” Singles Draw of the Bedford Cup, the first event of the Knights’ fall schedule, hosted at the USTA National Campus in Lake Nona, Florida. "But we don't see that as a permanent level of rates.Our guys showed out at the Bedford Cup this weekend "It could be because of uncertainty and volatility that you can see higher 4 and even 5%," he said, regarding the 10-year Treasury yield. "And you have the market digesting this news over the past few weeks."Īliaga-Diaz noted that while the central bank has communicated that rates will stay higher for longer, there's also an implicit cap as to how high those rates will go. "One it's very painful on the front end because things are resetting to these higher rates," he said. "The neutral policy rate is now higher on a permanent basis, perhaps 3.5% or 4%, and that gives you a higher floor for the 10-year bond compared to previous years," Aliaga-Diaz told CNBC. More than a year into the Federal Reserve's policy tightening campaign, interest rates are likely to settle at a higher point compared to the pre-pandemic era, he said. Tuesday's run-up in bond yields spooked investors, but the move is a side effect of markets transitioning to the new reality of higher interest rates, said Roger Aliaga-Diaz, global head of portfolio construction in Vanguard's investment strategy group. "Every day that we're this high on rates every basis point deeper into restrictive territory, probably reduces the odds of a soft landing in 2024." "I don't think you get a broader participation until rates ease up, and that's only if rates ease without some sort of financial crisis or hard landing recession," Mayfield said. Meanwhile, the Dow notched its worst session since March and turned negative for the year. The yields on the 10-year and 30-year Treasurys reached their highest levels since 2007. The data comes on the back of a losing session on Wall Street after job openings data indicated the labor market is still strong and bond yields marched higher. Investors remain on edge and are looking toward Friday's release of September's nonfarm payrolls data for more indications on the strength of the labor market. " seeing a divergence - a big difference - between fixed income and equities," he added. "The market is being dragged around by interest rates," said Harris Financial Group managing partner Jamie Cox. Consequently, mortgage demand fell to its lowest levels since 1996. Higher interest rates have increased fears of a recession and have pushed mortgage rates near 8%. The broader trend is really the downside from here," said Ross Mayfield, investment strategy analyst at Baird. ![]() "Anytime you have big momentum in one direction, there's going to be days where you get a little bit of reprieve and in this case, you get a reprieve in rates and equities. The 10-year Treasury yield was last trading at 4.735%. Treasury yields pulled back slightly from their 2007-level highs on the data. That's well below a Dow Jones forecast of 160,000 and fewer than an upwardly revised 180,000 payroll additions from August. ADP said 89,000 private payrolls were added last month. Wednesday's moves follow the release of new jobs data. Devon Energy and Marathon Oil each fell roughly 5%, while SLB and Halliburton both dropped more than 4%. Personal Loans for 670 Credit Score or LowerĮnergy was the index's worst-performing sector Wednesday as crude prices had their single largest day of losses back to September 2022. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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