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[ad_1] LONDON: Italy 's benchmark bond yield hit its lowest level in 15 months on Thursday as the bond market rally continued despite central bank officials' best attempts to rein in the exuberance. The Italian 10-year yield , which moves inversely to the price, fell 4 basis points (bps) to 3.566% on Thursday, the lowest since late August 2022. Meanwhile, Germany's 10-year bond yield, the benchmark for the euro zone as a whole, was last down 3 bps at 1.947%, its lowest in nine months. Yields have tumbled in November and December as inflation in the US and Europe has fallen sharply and central bankers have said interest rate hikes are almost certainly over. "It just seems like no one's been willing to stand in the way of this (rally) and you do wonder is that partly because it's year-end and no one really wants to get cut out," said Lyn Graham-Taylor, rates strategist at Rabobank. "It's always difficult at this time of year reading too mu...

[ad_1] Last Updated: July 11, 2023, 01:31 IST New York, United States of America (USA) A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. (Reuters/File Photo) Wall Street stocks muted as investors analyze Chinese data and anticipate U.S. inflation report. Dollar dips, oil prices decline with supply cuts Wall Street stocks were muted on Monday, while oil prices and the dollar dipped, as investors digested Chinese data that heightened worries of an economic slowdown and looked ahead to a key U.S. inflation report. The Dow Jones Industrial Average rose about 0.5%, while the S&P 500 and Nasdaq Composite were both little changed. European shares inched higher on Monday with the travel and leisure sector leading gains, with the pan-European STOXX 600 index up 0.18%. Chinese consumer price figures fell in June, leaving them almost unchanged from a year earlier, while producer prices slid deeper into negati...

[ad_1] U.S. stocks were mixed and benchmark Treasury yields jumped to their highest level since March on Thursday as robust economic data helped ease recession fears, but also increased the odds that the Fed will keep its restrictive policy in place for longer than expected. Financials led the gainers after the Federal Reserve’s stress test showed U.S. lenders have adequate capital to weather an economic storm. The Dow was up most among the three major U.S. stock indexes, the S&P 500 was up only nominally while the Nasdaq lingered in negative territory, weighed down by interest rate sensitive megacaps. Smallcaps were clear outperformers, with the Russell 2000 well ahead of the pack, up 1.1%. “What we have seen year-to-date is a very narrow rally that is occasionally punctuated by participation from the smaller stocks," said Michael Green, chief strategist at Simplify Asset Management in Philadelphia. “I believe we’re ahead of where we should be, and most observers are per...