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US yield curve steepest in a week after manufacturing data SECTIONS Last Updated: Jun 01, 2021, 08:39 PM IST Share Synopsis The steeper yield curve on Tuesday reflected expectations that the Federal Reserve would hold interest rates low for now, even as the economy recovers. The benchmark 10-year yield , a proxy for the market's view on the health of the economy, was last 3.7 basis points higher on the day to 1.630%. Related NEW YORK: The U.S. Treasury yield curve hit its steepest level in a week on Tuesday morning after manufacturing data showed strong demand, even as industry faced labor ...

By Shreyansi Singh (Reuters) - Gold prices rose to a seven-week high on Friday and were on track for their best week since mid-December as retreating U.S. Treasury yields and a softer dollar bolstered the metal's appeal. Spot gold jumped 0.9% to $1,779.00 per ounce by 10:26 a.m. EDT (1426 GMT), having earlier hit its highest since Feb. 25 at $1,783.55. It is up over 2% so far this week. U.S. gold futures rose 0.6% to $1,777.30. "The macro argument for gold has also improved. We are poised for a run towards $1,800," said Edward Moya, senior market analyst at OANDA. "We've had many invest...

Markets likely to be steady; Wipro, Infosys in focus ahead of Q3 results Premium A television monitor displays a news report on the Covid-19 vaccine as the DAX Index yield curve shows a drop at the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Monday, Dec. 7, 2020. Global stocks retreated from an all-time high and the pound weakened the most in three months on concern that Brexit talks could collapse. Photograph: Alex Kraus/Bloomberg (Bloomberg) Share Via Read Full Story MUMBAI : Indian equity markets are likely to be steady on Wednesday. Trends on SGX N...