U.S. Treasury Yields Freeze After British Parliament Forces Another Brexit Delay

U.S. government debt yields stabilized on Wednesday, as demand for equities waned over concerns of a dysfunctional Brexit process. Treasury Yields Little Changed The yield on the benchmark 10-year Treasury note reached a session low of 1.73% on Wednesday, according to CNBC data. It was last seen at 1.766%, where it was unchanged. The yield … Read more

Dow Rocked as Wall Street Digests Rising Risk of No-Deal Brexit

dow jones industrial average

The Dow Jones attempted to drive higher on Tuesday amid an eerie period of trade war calm, only to falter in late afternoon trading. Assisting the stock market rally, Boeing, the Dow’s most heavily weighted stock, bounced 2% on positive 737 Max news, erasing a 4.6% drop from McDonald’s and offsetting a punishing capitulation from … Read more

U.S. Treasury Yields Spike to Monthly Highs Following Boris Johnson’s Brexit Victory

Prime Minister Boris Johnson

U.S. Treasury yields rose on Thursday, as government bond prices fell, following news that the United Kingdom and European Union have finalized a draft Brexit deal that will pave the way for Britain’s eventual withdrawal from the bloc. Yields Rise The price of U.S. government bonds declined on Thursday, pushing yields higher. The yield on … Read more

Dow Bounces as Brexit Deal & Syria Ceasefire Offset Ugly Data

dow jones industrial average

The Dow Jones barely avoided flatlining again on Thursday after miserable economic data indicated a steady slide towards a pronounced slowdown. Bullish appetite remains intact on hopes of a breakthrough in the trade war, a possible Brexit deal, and a ceasefire in Syria, but concerns that a cyclical slowdown is inevitable continue to drag on … Read more

Pound Collapses as Brexit Deal Crumbles in Flames

Brexit,

Any hopes of securing a last-minute Brexit deal today went up in flames as the Northern Irish Democratic Union Party (DUP) said they couldn’t support Boris Johnson’s latest proposals “as it stands”. The British pound immediately fell 0.6% against the dollar. In a statement issued on Twitter, the DUP outlined: “We have been involved in … Read more

Brexit Deal by Morning?

United Kingdom

The United Kingdom’s arduous exit from the European Union (EU) could be finalized as soon as Wednesday morning, The Wall Street Journal reported Tuesday. Brexit Deal Coming? Citing people familiar with the matter, WSJ reported that negotiators from the UK and EU are finalizing a draft Brexit bill that could pave the way for Britain’s … Read more