Treasury Yields Stable Amid Oil Price Fluctuations

U.S. Fixed income investors parsed fresh remarks from Federal Reserve officials regarding interest rates and economic outlooks following a volatile stretch for global markets. Treasury Yields Ease as Crude Prices Retreat The benchmark 10-year Treasury yield declined 3.7 basis points to trade at 4.957%, while the 2-year Treasury yield fell 2 basis points to 4.721%. … Read more

Goldman Sachs: Japan Has Ample Firepower for Yen Intervention

Japan retains approximately $200 billion in cash and cash equivalents out of its roughly $1 trillion in total U.S. dollar reserves, providing authorities with ample firepower for additional currency interventions on the scale of last month’s historic operation, according to Goldman Sachs. The assessment highlights Tokyo’s capacity to defend the yen as the currency drifts … Read more