Connect with us

Business

US Equity Futures Stabilize Near All-Time Highs, As Investors Wary Watch As Treasury Yields Rise

Avatar

Published

on


Some investors fear fiscal and monetary stimulus will push inflation up

A surge in US bond yields raised questions in the equity bull market on Wednesday, with the yield on 10-year Treasuries standing at around a year and equity futures stable.

Meanwhile, the American benchmark WTI Oil the price stayed above $ 60 as freezing weather continued to hit Texas.

S&P 500 Futures were down 0.03% after the benchmark slipped 0.06% on Tuesday. Future Nasdaq were 0.13% lower and Dow Jones Futures were flat.

Asian stocks were mixed overnight, Hong Kong stocks Hang Seng up 1.1% but in Japan Nikkei 225 0.58% slip. At European level Stoxx 600 fell 0.42% at the start of the session while Great Britain FTSE 100 slipped 0.35%.

The bitcoin price climbed to an all-time high of over $ 51,700, bringing year-to-date earnings to over 75%.

Record amounts of fiscal and monetary stimulus, combined with expectations that coronavirus vaccines will help a rapid economic recovery, have pushed bond yields to their highest level in a year.

The 10 year US Treasury bill the yield hit a one-year high of 1.33% on Tuesday night, before falling. It was down 1.5 basis points to 1.284% on Wednesday morning, just before 6 a.m. ET.

Yields, which move inversely with prices, have increased because investors expect higher growth and inflation and therefore demand a better return on their investment.

Still, higher returns weigh on the stock market as investors can find better returns in government bonds, which are extremely safe investments.

“We are seeing a steep sell-off in rates with aggressively increasing yields, which could lead to problems in other asset classes like stocks, currencies and even cryptos,” said Neil Wilson, analyst Market Leader on the Markets.com trading platform.

However, Kansas City Federal Reserve Chairman Esther George seemed unfazed by the rise in yields on Tuesday.

“I don’t know, considering the levels we’ve seen so far, that [rise] poses a challenge to the Federal Reserve’s monetary policy, ”George said at a lecture at the University of Missouri-Kansas City, MarketWatch reported.

Bitcoin’s record rally continued on Wednesday, with cryptocurrency jumping 4.4% to $ 51,300 just before 6 a.m. ET, after going above $ 51,700 on the Coinbase exchange.

Elon Musk’s Tesla sparked the latest rally earlier in February by announcing he had bought $ 1.5 billion worth of bitcoins the preceding month. BNY Mellon and Mastercard have announced a switch to crypto, giving bitcoin more legitimacy.

WTI crude oil was up 0.82% to $ 60.55 on Wednesday morning, around a one-year high, as higher demand and lower supply thanks to freezing weather in Texas pushed prices higher. Brent raw was 1.07% higher at $ 64.03.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]