News
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TREASURIES-US yields rise modestly after solid services sector data
US ISM services sector data shows prices paid at two-year highUS yield curve steepens post-ISM services dataTreasury's three-year note sale comes in better than expectedBessent says 17 trading partners have very good proposalsBy Gertrude Chavez-Dreyfuss NEW YORK, May 5 (Reuters) - U.S. Treasu...Reuters
Mon, May 5
Tariff fears loom large at Milken as executives try to stay calm
Trump's tariffs cause investment pauses, risks for U.S. assetsEconomists warn of recession risks, Trump's softer tariff stance raises hopesInvestors cautious, some see opportunities amid market volatilityBy Davide Barbuscia and Svea Herbst-Bayliss BEVERLY HILLS, May 5 (Reuters) - Wall Str...Reuters
Mon, May 5
CBO's Swagel: US debt ceiling deadline expected late summer, but could come forward
Director of the United States (US) Congressional Budget Office (CBO) Phillip Swagel noted on Monday that while US revenue projections are holding steady, the next iteration of the US's routine debt ceiling showdown could be pushed forward if government spending and revenue conditions deteriorate.Fxstreet
Mon, May 5
Citigroup CEO says most business clients can absorb 10% tariffs
By Saeed Azhar NEW YORK, May 5 (Reuters) - Citigroup C.N CEO Jane Fraser said on Monday most of the bank's business clients could absorb U.S. tariffs of 10% on the nation's trading partners, but cautioned that companies are waiting on investments and hiring until there is more economic cl...Reuters
Mon, May 5
IMF to begin 5th review of Egypt's economic programme this week
CAIRO, May 5 (Reuters) - The International Monetary Fund will begin the fifth review of Egypt's $8 billion economic reform programme, with a team scheduled to arrive in Cairo this week, the IMF said in a statement on Monday.The IMF board approved the fourth review on March 11, unlocking a disbur...Reuters
Mon, May 5
What to Watch in the Day Ahead - Tuesday, May 6
The Federal Reserve Open Markets Committee (FOMC) begins its two-day meeting. The Fed is expected to leave interest rates unchanged this meeting, but it may be the last where the outcome is so cut and dry with U.S. President Donald Trump's tariffs casting a shadow of uncertainty over the economi...Reuters
Mon, May 5
BREAKINGVIEWS-Trump’s Hollywood protectionism is a horror show
By Jennifer Saba NEW YORK, May 5 (Reuters Breakingviews) - Lights, camera, taxes! President Donald Trump on Sunday said that he wants to make Hollywood great again by slapping tariffs on movies made outside of the United States. If that happens, other countries could easily retaliate – a big ris...Reuters
Mon, May 5
Bond investors stick to neutral stance ahead of Fed meeting
Cautious investors cut long-duration betsPGIM sees no 'upside tail,' recommends caution, de-risking US rate futures indicate Fed to resume rate cuts in JulyBy Gertrude Chavez-Dreyfuss NEW YORK, May 5 (Reuters) - Bond investors have taken a neutral stance in the run-up to the Federal Reser...Reuters
Mon, May 5
WRAPUP 1-US services sector expands with hints of rising price pressures
Services sector PMI increases 0.8 point to 51.6 in AprilPrices paid index highest since January 2023; orders riseTariffs, government funding cuts worrisome for businesses By Lucia Mutikani WASHINGTON, May 5 (Reuters) - The U.S. services sector's growth picked up in April, while a measure of p...Reuters
Mon, May 5
Euro zone yields edge up before Fed and BoE policy meetings
By Stefano Rebaudo May 5 (Reuters) - Euro zone government bond yields edged up on Monday with investors on the sidelines ahead of a week packed with policy meetings at central banks including the Federal Reserve and the Bank of England.A public holiday in Britain contributed to thin trade volumes...Reuters
Mon, May 5
Pakistan tests missile, India orders drills amid Kashmir standoff
Pakistan's second missile test in three daysIndian drills will include air raid sirens, source saysMoody's says standoff could set back Pakistan reforms By Gibran Naiyyar Peshimam and Charlotte Greenfield ISLAMABAD/BELA NOOR SHAH, Pakistan, May 5 (Reuters) - Pakistan carried out a second ...Reuters
Mon, May 5
