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US yields spike as 20-year auction flops, budget vote looms
US Treasury yields soared on Wednesday as a weaker-than-expected 20-year US bond auction ahead of the vote on the US budget in the US Congress. At the time of writing, the US 10-year T-note benchmark note surges 11 basis points at 4.601%.Fxstreet
Wed, May 21
US business equipment borrowings decline in April, ELFA says
May 21 (Reuters) - U.S. companies borrowed 4.4% less to finance equipment investments in April compared with the same period from the year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday."Demand for new equipment eased a little, but remained healthy, especially gi...Reuters
Wed, May 21
Treasury yields rise after soft demand for 20-year auction
May 21 (Reuters) - The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday in what was seen as a test of foreign demand for U.S. debt as concerns over the fiscal and inflation outlook mount.The debt sold at a high yield of 5.047%, around one basis point abov...Reuters
Wed, May 21
Lowe's beats sales estimates, plans to stay 'price competitive'
Lowe's reports steady demand from pro customers in Q1Tops quarterly sales, profit estimatesCompany joins Home Depot in keeping forecast unchangedBy Savyata Mishra and Nicholas P. Brown May 21 (Reuters) - Home improvement retailer Lowe's LOW.N posted a smaller-than-expected drop in first-...Reuters
Wed, May 21
TREASURIES-US yields rise on fiscal focus before 20-year auction
By Karen Brettell May 21 (Reuters) - Longer-dated U.S. Treasury yields rose on Wednesday as investors continued to monitor the progress of a tax bill in the U.S. Congress and ahead of a Treasury Department auction of 20-year bonds.A deteriorating fiscal outlook has taken focus this week after Moo...Reuters
Wed, May 21
Oil price jump sends euro zone yields higher, German curve hits steepest in a month
LONDON/GDANSK, May 21 (Reuters) - Euro zone government bond yields rose on Wednesday as higher oil prices added to pressure on longer-dated bonds, already struggling globally due to worries about countries' fiscal positions, particularly the U.S. Germany's 10-year yield, the benchmark for th...Reuters
Wed, May 21
US crude, gasoline and distillate inventories rise - EIA
HOUSTON, May 21 (Reuters) - U.S. crude stocks, gasoline and distillate inventories rose in the week ending May 16, the Energy Information Administration said on Wednesday.Crude inventories rose by 1.3 million barrels to 443.2 million barrels in the week ended May 16, the EIA said, compared with anal...Reuters
Wed, May 21
TREASURIES-US yields rise on fiscal focus before 20-year auction
By Karen Brettell May 21 (Reuters) - Longer-dated Treasury yields rose on Wednesday as investors continued to watch progress of a tax bill in U.S. Congress and before the Treasury Department will auction 20-year bonds.A deteriorating fiscal outlook has taken focus this week after Moody’s Investor...Reuters
Wed, May 21
German economic council forecasts stagnation for country's economy in 2025
Europe's largest economy expected to flatline this year after two contractionsFiscal package offers growth opportunities, 1.0% growth forecast in 2026Inflation projected at 2.1% this year, 2.0% in 2026By Maria Martinez BERLIN, May 21 (Reuters) - The German Council of Economic Experts cut its ...Reuters
Wed, May 21
US to appoint Turkey ambassador Thomas Barrack as special envoy for Syria, sources say
Trump said US to lift sanctions on SyriaBarrack is longtime Trump adviserTrump met Syria's interim president in Saudi Arabia on May 14By Timour Azhari and Jonathan Spicer DAMASCUS/ISTANBUL, May 21 (Reuters) - The United States will appoint President Donald Trump's longtime advisor and cur...Reuters
Wed, May 21
RPT-BREAKINGVIEWS-Ducking tariffs is only half of US firms’ battle
By Jennifer Saba NEW YORK, May 20 (Reuters Breakingviews) - Home Depot HD.N says it won’t bring the hammer down on customers. They might take a nasty hit all the same. The $375 billion home-improvement retailer led by Ted Decker is the latest to maintain its guesstimate of where full-year financ...Reuters
Wed, May 21
CAD gets a mild tailwind from narrower spreads after CPI to press gains on USD – Scotiabank
Yesterday’s hotter than expected April CPI data served to dampen expectations of a June BoC rate cut, putting some moderate, downward pressure on US/Canada interest rate spreads, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 21
German economic council forecasts stagnation for country's economy in 2025
Europe's largest economy expected to flatline this year after two contractionsFiscal package offers growth opportunities, 1.0% growth forecast in 2026Inflation projected at 2.1% this year, 2.0% in 2026By Maria Martinez BERLIN, May 21 (Reuters) - The German Council of Economic Experts cut its ...Reuters
Wed, May 21
