Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Treasury yields edged lower on Wednesday hours before the Federal Reserve is expected to raise interest rates by 75 basis points to curb inflation and attempt to steer the U.S. economy from recession and a hard landing. The bond market already … Read more
Block Earner, an Australian fintech company, says the fall of Terra Luna in May has led to “positive surprises” for his company, with investors beginning to find their way toward the lower-risk crypto yield products they offer. Speaking to Cointelegraph, the company’s general manager Apurva Chiranewala revealed that the company has seen a surge of … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content Gold prices gave up initial gains to slip on Monday as U.S. Treasury yields edged back up, while investors positioned themselves for an expected 75-basis-point interest rate hike by the Federal Reserve later this week. Spot gold was down 0.6% to $1,716.02 per ounce … Read more
The euro rallied and the yield on the 2-year German bund rose in reaction to a Reuters report that the European Central Bank may kick off its rate hike campaign with a 50-basis point increase. The report cited two unnamed sources with direct knowledge of the discussion. The ECB previously has guided for a rise … Read more