According to the recent research, there are over 80% of people would be motivated to exercise if incentivized by crypto...

Cryptocurrency

Recent Study Reveals That Crypto Motivates People to Exercise

On Friday, Prime Minister Ranil Wickremesinghe warned of a food shortage as the island nation battles a devastating economic...

Economy

Thousands queue for petrol, gas in Sri Lanka amid warnings of food shortages

ASML, a semiconductor industry and stock market giant, might have to think smaller. Or maybe bigger. Currently, it is building machines...

Technology

Computer chip giant ASML places big bets on a tiny future

Finance ministers and central bank governors of the United States, Japan, Canada, Britain, Germany, France and Italy - the G7, agreed on...

Economy

Money for Ukraine Priority in G7 Agenda; Inflation, Food a Concern

An auto safety agency in the U.S. said on Wednesday that it has opened an investigation into a fatal crash involving a Tesla...

Stock Markets

U.S. Agency opens investigation involving Tesla due to 14 Crash Deaths

Economy

9 Nov 2021

U.S. Treasuries Climb on Speculation as Stocks Remain Mixed

U.S. Treasuries Climb on Speculation as Stocks Remain Mixed

The Index Today

On Tuesday, U.S Treasury yields went down after speculation regarding Federal Reserve leadership grew. On the other hand, global stocks were mixed as well after equity rally slowed down.

After Governor Lael Brainard was interviewed at the U.S central bank, treasuries grew while some speculated that the dovish approach of the Fed would persist under Brainard. The yield on the 30-year treasury went down to a record low as worries of inflation posed risks for the economy.

In other news, S&P 500 gained overnight, making it its longest win since 2017. NASDAQ saw a decline as Tesla shares went down after Elon Musk tweet. The USD performance was lower than usual against the strengthening yen. Cryptocurrencies set a new record as Bitcoin crossed $68,000 whereas the overall market value grew to $3 trillion.

Global stocks managed to keep a high position as coronavirus curbs are withdrawn and the U.S infrastructure bill worth $550 billion is approved. Major Banks are reforming policies to dial back on stimulus plans and hike interest rates. Supply chain bottlenecks around the world have also strained manufacturing and increased energy prices. Lale Akoner from BNY Mellon Investment Management said on Bloomberg Television, “Central banks were less hawkish than the markets were expecting them to be last week so we are seeing real yields going further down into negative territory. The reflation trade is coming back again and the market is pricing in a mid-cycle environment.”

©Photo: Wikimedia Commons