Page 15 - Tom Simons News Today

The cost of borrowing U.S. 10-year Treasuries in the overnight repurchase, or repo market, went deeply negative on Thursday, analysts said, as ...

Yields last turned negative in March 2020 amid market turmoil prompted by the pandemic spreading

<div class="at-above-post addthis_tool" data-url="https://www.metro.us/u-s-bill-rates-risk/"></div>(Reuters) – Short-dated U.S. Treasury debt yields risk turning negative as the U.S. government curbs sales of Treasury bills, but analysts are looking at the progress of the stimulus bill to assess whether any dip in yields could be a temporary issue. Bill yields last turned negative in March 2020 amid market turmoil prompted by […]<!-- AddThis Advanc...

ERIC AYRES Staff Writer WHEELING — New affordable housing developments received support from members of Wheeling City Council, who on Tuesday night applauded efforts of private investors to bring these developments to fruition. During Tuesday night’s virtual meeting of city council, members heard the first reading of an ordinance to abandon a portion of Lane 25 right of way from the west side of Jacob Street to the east side of Lane E in South Wheeling. The property is the site of the prop...

The move, which aims to return its cash position at the central bank to more normal levels, will flood the financial system with liquidity and complicate Powell’s effort to keep a tight grip over money market rates.

Staff Writer File Photo by Eric Ayres A fourth and final phase of the LaBelle Greene project is moving forward to bring another 38 townhouse-style apartment units to a deteriorating block in South Wheeling near the site of the former LaBelle Nail Plant. Members of the Wheeling Planning Commission on Monday night recommended approval for the site plan for the LaBelle Greene IV apartment complex in South Wheeling. The planning commission assembled virtually for its February meeting on Monday even...

‘Trillion on top of a trillion’ in stimulus will push 10-year Treasury yields to 2% by year-end, top forecaster says MarketWatch 2/20/2021 FORECASTER OF THE MONTH Massive U.S. fiscal stimulus will overwhelm the crippling economic impact of the coronavirus over the next few months, says Aneta Markowska, chief economist at Jefferies and the winner—along with money market economist Tom Simons—of MarketWatch’s Forecaster of the Month contest for the second month in a row. “If you give...

The Photographer Tom Simons New Exhibit Sheds Light on the Triangle’s Shifting Hunger Needs Photo by Tom Simons Meals on Wheels Orange Co. switched fromdelivering a hot meal daily to five frozenmeals once a week to keep recipients anddrivers safe. The ArtsCenter  | Online through Feb. 15 Lifeline: Hunger Relief During the Pandemic, The ArtsCenter’s first online exhibit of the year, takes a close look at the local food distribution channels that are fighting food insecurity du...

NEW YORK (Jan 12): The benchmark yield on US Treasuries rose for a seventh straight session on Tuesday, while oil was at its highest in nearly a year and stocks edged lower, with eyes on US earnings and Joe Biden's inauguration next week. The 10-year US yield touched its highest going back to March, as prices were pressured ahead of a US$38 billion offering later from the Treasury. The yield has risen every session this year on expectations of a massive stimulus package from the incoming De...

Australian shares wipe out their early gains, the number of job opportunities rises back to pre-pandemic levels, and investors continue to eye stimulus developments and Donald Trump's second impeachment saga.