Federal Reserve Bank of San Francisco President Mary Daly suggested the US Treasury market signals that monetary policy is in a good place. She also sees no evidence that making preemptive cuts or hikes is an urgent problem to solve. She speaks on "Bloomberg Surveillance."
San Francisco Fed President Mary Daly reacts to the recent selloff in bonds and suggests the US Treasury market is signaling that monetary policy is in a good place. She speaks on "Bloomberg Surveillance."
Sophie Huynh, portfolio manager at BNP Paribas Asset Management, joins Bloomberg's Vonnie Quinn on "Bloomberg Brief" to discuss the implications and market impact of the US Treasury debt buyback plans.
San Francisco Fed President Mary Daly says policymakers are focused on their job, not what the Treasury Department is doing when it comes to buying back more longer-dated debt. She speaks on "Bloomberg Surveillance."
Applications for US unemployment benefits decreased by 6,000 to 206,000 in the week ended Aug. 15, according to Labor Department data released Thursday. Claims stayed near historically low levels and suggested few layoffs across the labor market. Enda Curran reports on Bloomberg Television.
Walmart saw second-quarter sales at US stores open at least a year, excluding fuel, rise 2.6%, the retailer's slowest rate of growth in more than six years. David Bellinger, senior equity analyst at Mizuho examines the results.
Total US public debt stood at $40.05 trillion as of the close of business Tuesday, a Treasury Department release on Wednesday showed, surging by a third in less than five years. Tyler Kendall reports on Bloomberg Television.
Terry Clark, chief executive officer PGA of America, talks about the 2027 PGA Championship tournament in suburban Dallas, the growth of golf and planning for the next Ryder Cup competition. He speaks with Bloomberg's Julie Fine.
South Korea's tax authorities have finalised regulations requiring the taxation of cryptocurrency earnings from domestic exchanges, international trading platforms, and self-hosted wallets, with the combined levy taking effect from 1 January 2027.
Krishna Guha, vice chair and head of central bank strategy at Evercore ISI, says the US Treasury Department's move to increase its planned purchases of outstanding 10-year to 30-year debt "certainly complicates things" for Federal Reserve Chairman Kevin Warsh, but won't impact the central bank's September decision on interest rates.
Peter Tchir, head of macro strategy at Academy Securities, calls the US Treasury Department's move to increase its planned purchases of outstanding 10-year to 30-year debt "kind of mediocre" and says the Federal Reserve needs to talk about cutting rates and take hikes off the table.
JPMorgan is warning that the US Treasury's surprise move to bring down long-term borrowing costs could make things worse. Scott Bessent's Treasury said yesterday it would at least double the size of its bond buybacks. That initially sent long-term yields lower. But JPMorgan says the move addresses the symptoms rather than the cause of America's ballooning debt pile. The bank warns that without real fiscal consolidation, investors could lose confidence and push borrowing costs even higher. The warning comes as US national debt has topped $40 trillion, raising the stakes as Washington continues to sell more securities. Our Markets Live Strategist Skylar Montgomery Koning joins Stephen Carroll and James Woolcock to discuss.
