No let up for world stocks as banking worries persist

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Global stocks were pressured on Friday and safe-haven buying supported government bonds as concerns about the stability of the banking system lingered.

said she was prepared to take further action to safeguard bank deposits, after saying a day earlier that blanket insurance was not on the agenda. Banks borrowed $110.2 billion at the Federal Reserve's discount window in the latest week, with the hefty drawdown of emergency credit suggesting some lenders were now unable to secure funds elsewhere.

"Small banks are important to the real economy," he added. "This takes us closer to a hard landing, to a U.S. recession." In government bond markets, the yield on the two-year U.S. Treasury , which tracks interest rate expectations, fell 8 basis points on Friday to 3.71%.Traders have also priced in U.S. rate cuts of about 90 bps basis points to about 3.9% by the end of the year .

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:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

We need price controls and a reset of the world financial system that erases colonial empires driven debt.

United States United States Latest News, United States United States Headlines

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

Asian Stock Market: Caution stems ahead of global PMIs, USD Index pairs losses, oil reboundsMarkets in the Asian domain are showing roots of caution as investors are shifting their focus toward the release of the global Purchasing Managers In
Source: FXStreetNews - 🏆 14. / 72 Read more »