Treasuries Soar as Traders Pull Forward Fed Cuts After Jobs Miss
Treasuries surged and traders ramped up bets on how soon the Federal Reserve will begin to cut interest rates this year after a US labor-market report trailed estimates.
Treasuries surged and traders ramped up bets on how soon the Federal Reserve will begin to cut interest rates this year after a US labor-market report trailed estimates.
Tankers that transfer Russian oil off the southern coast of Greece sailed further out into the Mediterranean after naval drills were announced in the area where the transfers normally take place.
A group including commodity trader Glencore Plc and Indonesian chemicals business PT Chandra Asri Pacific is in advanced talks to buy Shell Plc assets in Singapore in a deal that could be worth about $1 billion, people with knowledge of the matter said.
The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as they step up their campaign of maritime assaults.
It was a move that rattled the commercial mortgage-backed securities market: the firm brought in to wind down a deal tied to an ill-fated apartment venture held onto more than $160 million that bondholders were expecting to get back.
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