Major indexes for U.S. stock futures hit a record level of highs last Tuesday. The rise was caused by the gains in the Dow, which propelled values above 17000 in the blue-chip index, for the first time in the market’s history. On Friday the stock market was closed, as everyone was celebrating the 4th of July, and remained closed until today. Today, the stock futures edged a bit lower following … [Read more...]
Wall Street – Yields reach 11 months low for US Bond Market
The party seems to be over in the US Treasury bond market as the rally in bonds has surprised many by taking the 10-year yields to their lowest levels in 11 months. The soaring prices have pushed the benchmark 10-year yields to 2.422 percent on Thursday. This is the lowest since last June. The low level of yields comes at a time when the US Federal Reserve has eased its bond-buying stimulus … [Read more...]