Why stock-market investors aren't finding comfort in averted government shutdown

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The U.S. government's move to avert a weekend shutdown removes near-term uncertainty in financial markets, enabling Treasury yields to climb.

Stopgap legislation that averted a shutdown of the federal government this past weekend removed a near-term uncertainty in financial markets, enabling Treasury yields to resume their climb back to some of the highest levels in at least a dozen years on Monday.

“Stocks are facing headwinds from higher interest rates and the uncertainty of how higher rates will affect economic growth and earnings,” Saperstein said in an email on Monday. As markets begin the historically volatile month of October, “we expect continued downside volatility as the market grapples with higher oil prices, the restart of student loan repayments and the impact of higher interest rates continuing to slow the economy and impact earnings.

The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 5.9 basis points to 5.097%.The 10- BX:TMUBMUSD10Y and 30-year rates BX:TMUBMUSD30Y respectively jumped by 10.6 and 7.4 basis points to 4.678% and 4.776%, respectively, on their way to the highest levels since Oct. 12, 2007, and April 6, 2010.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines