Treasuries Hold Gains as Record US Auction Sees Solid Demand
US government debt advanced on Tuesday as the Treasury’s hefty $69 billion sale of two-year notes lured sold buyer demand — even as a much-desired 5% coupon proved elusive.
US government debt advanced on Tuesday as the Treasury’s hefty $69 billion sale of two-year notes lured sold buyer demand — even as a much-desired 5% coupon proved elusive.
Hedging against big swings in Nvidia Corp.’s share price with options is expensive, but derivatives traders are being tempted to sell contracts to earn some extra yield as the stock corrects its massive rally.
Allfunds Group Plc has abandoned discussions over a potential sale of the European fund distribution platform, people with knowledge of the matter said.
Cleveland-Cliffs Inc.’s top executives don’t see any takeover of United States Steel Corp. going ahead without the full support of the United Steelworkers union.
With questions swirling around the US economy and corporate earnings, Morgan Stanley’s Mike Wilson is avoiding the kinds of big market calls he became known for the past couple years to focus instead on finding opportunities beneath the surface.
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