1/LITMUS TEST
FILE PHOTO: A trader works as a screen shows Federal Reserve Chairman Jerome Powell s news conference after the U.S. Federal Reserve interest rates announcement on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 31, 2019. REUTERS/Brendan McDermid
As a mini-tantrum raged on bond markets on Feb. 25, the U.S. Treasury auctioned $62 billion in seven-year notes. But investors, it would appear, forgot to show up. The lowest bid-cover ratio of 2.04 on record sent 10-year Treasury yields rocketing to a one-year high above 1.61%.
The Fed signalling it is not perturbed by rising yields has markets fretting again. Scheduled 10-year and 30-year Treasury bond sales on Wednesday and Thursday will be what TD Securities dubs a “litmus test for potential market dysfunction”.
Bond sales this week will be litmus test for potential market dysfunction windsorstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from windsorstar.com Daily Mail and Mail on Sunday newspapers.
It s been a year since markets crashed. Is another reckoning around the corner?
It s been nearly a year since the coronavirus pandemic ended the S&P 500 s longest-ever bull run and sent stocks everywhere into a.
Posted: Mar 7, 2021 10:12 AM
Posted By: CNN
It s been nearly a year since the coronavirus pandemic ended the S&P 500 s longest-ever bull run and sent stocks everywhere into a violent nosedive. The turmoil was a fitting start to a year of frenzied activity.
The virus continues to wreak havoc on our daily lives, but markets have long since forgotten the painful reckoning.
The big bang: March 12, 2020 handed Wall Street its worst day of losses in over three decades. The S&P 500, Dow and Nasdaq Composite suffered double-digit declines, with the pan-European Stoxx 600 index logging its worst day on record.
It s been a year since markets crashed Is another reckoning around the corner? ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.