Stock Market Today: Treasury refunding, Fed decision to shape pivotal session

U.S. stock futures started November on the back foot as investors awaited the latest Fed interest rate decision and comments. The Treasury’s quarterly refunding statement, which details how the government plans to fund its borrowing needs, will be revealed at 8:30 a.m. Eastern.

“Normally this doesn’t get too much attention but given the massive runup in rates over recent months, especially since the last refunding announcement, the concern is that any surprises could help push long-dated yields even higher, although this risk will be much better priced now than it was in August,” said Jim Reid, strategist at Deutsche Bank.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Stocks mixed, Treasury yields steady ahead of Fed meetingStocks are on pace for their worst month of the year this October, with higher Treasury yields, mounting geopolitical risks and muted big tech earnings holding down gains.
Source: startelegram - 🏆 248. / 63 Read more »

In the Market-Treasury market braces for seismic SEC ruleIn the Market-Treasury market braces for seismic SEC rule
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Dow ends higher, but can't escape 3rd monthly loss; Fed eyedStock Market Today: Dow ends higher, but can't escape 3rd monthly loss; Fed eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares track Wall Street gains ahead of Fed decision on interest ratesAsian shares are mostly higher after Wall Street advanced to claim back some of the ground it gave up in another losing month. Tokyo's benchmark jumped 2.4%. Investors are awaiting a decision by the Federal Reserve Wednesday on interest rates. On Tuesday, the S&P 500 rose 0.6%, though it fell 2.2% in the month of October.
Source: AP - 🏆 728. / 51 Read more »