Two measures of the U.S. Treasury yield curve that are widely watched for recession warnings have veered in opposite directions, raising questions as to what degree central bank bond buying and other technical factors may be distorting the signals on the economy's path.
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Struggling to swim against the tide taking interest rates higher globally, the Bank of Japan staunchly defended its 0.25% yield cap on Monday by offering to buy an unlimited amount of government bonds for the first four days of this week.
The Bank of Japan on Monday offered to buy unlimited amounts of 10-year Japanese government bonds (JGBs) at 0.25%, stepping into the market to defend its implicit yield cap for the second time this year.
The Japanese yen crashed to a six-year low versus the dollar on Monday, and headed for its biggest monthly loss since 2016 after the Bank of Japan moved to contain rising bond yields, even as U.S.
The dollar hit a six-year high versus the yen after the Bank of Japan moved to contain rising bond yields, while U.S.
The dollar surged to a six-year high versus the yen after the Bank of Japan moved to contain rising bond yields, while U.S.
Oil prices slid on Monday as a coronavirus lockdown in Shanghai fueled worries about weak demand, while the yen's stomach-churning descent continued as the Bank of Japan stood in the way of higher yields.
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Sainsbury's shareholders are set to vote on a resolution at this year's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so called real Living Wage to all its workers by July 2023.
Oil prices fell more than $3 on Monday as fears over weaker fuel demand in China grew after its financial hub of Shanghai launched a planned two-stage lockdown on Monday to contain a surge in COVID-19 infections.
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Oil industry analysts don't see the oil market bull running for too long.
The number of consumers who report living paycheck to paycheck has increased significantly since 2021 across all income brackets.
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There is no doubt the sanctions imposed by the U.S. and its allies have had a devastating impact on the Russian economy.
China accused Taiwan's leadership of putting the already strained global semiconductor supply chain at risk by pursuing policies that raise tensions in the Taiwan Straits.
Soaring global oil prices should be a windfall to the Iranian regime. The nation could refuel its bankrupt economy and relieve the enormous poverty and social unrest that threatens to explode.
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