In this article US10Y US2Y US30Y @LCO.1 @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT U.S. Treasury yields were down sharply early Wednesday following the announcement of a two-week ceasefire in the Middle East conflict. Yields on the 10-year U.S. Treasury note — the benchmark for government borrowing —plummeted more than 10 basis points to 4.2399% Shorter- and longer-dated yields were als...
In this article US10Y US2Y US30Y @LCO.1 @CL.1 Follow your favorite stocks CREATE FREE ACCOUNT U.S. Treasury yields were down sharply early Wednesday following the announcement of a two-week ceasefire in the Middle East conflict. Yields on the 10-year U.S. Treasury note — the benchmark for government borrowing —plummeted more than 10 basis points to 4.2399% Shorter- and longer-dated yields were also scythed as investors piled into U.S. bonds. The yield on the 2-year Treasury note, which more closely follows short-term Federal Reserve rate moves, was down 11 basis points at 3.7193% by 3:35 a.m. E.T. The 30-year Treasury note yield dropped 7 basis points to 4.8482%. One basis point equals 0.01%, or 1/100th of 1%, and yields and prices move inversely to one another. The slide in borrowing costs come as concerns over inflationary pressures created by the five-week conflict ease. Energy prices rapidly reversed course following the suspension of hostilities. Under the terms of the agreement, President Donald Trump has agreed to halt attacks on Iranian infrastructure, while Tehran will allow the safe passage of ships through the critical Strait of Hormuz waterway "via coordination with Iran's Armed Forces", Foreign Minister Abbas Araghchi said in a statement. Brent crude , the global benchmark, fell below $100 a barrel in early dealmaking, reaching $94.49 — a 13.5% slide. U.S. West Texas Intermediate dropped almost 15% to $96.20 a barrel. The Federal Open Market Committee's March meeting minutes will be released later on Wednesday, as investors recalibrate bets on further Fed interest cuts. Markets will also closely watch the Mortgage Bankers' Association's latest 30-year fixed rate — a key barometer of U.S. housing affordability — due out later. Core monthly and yearly inflation data for March is due out Friday. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Artivion (AORT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Artivion (AORT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Joe Hendrickson/iStock Editorial via Getty Images Back in February, my focus was centered around SoFi Technologies’ ( SOFI ) dilution and the extent to which the market no longer sees a rationale for paying the high multiple based on the heavy equity capital raise cycles that the company had to go through. Although this remains true, it has taken a back seat now because the main challenge facing t...
Joe Hendrickson/iStock Editorial via Getty Images Back in February, my focus was centered around SoFi Technologies’ ( SOFI ) dilution and the extent to which the market no longer sees a rationale for paying the high multiple based on the heavy equity capital raise cycles that the company had to go through. Although this remains true, it has taken a back seat now because the main challenge facing the stock now is that of a weakening macro environment, attacks from short sellers, and growing questions regarding the robustness of its model. The thesis here has shifted to a credibility narrative. I am not as interested in the story at this point but more in seeing whether the model works. The Platform Shift Meets a Credit Cycle Reality Check What is most relevant right now is the intersection of SoFi's evolving model and an increasingly unfavorable macro setup. No question about it, SoFi has made tangible progress in diversifying its model. Financial Services and Tech Platform combined posted record revenue of $579 million in Q4, which represents a 61% YoY increase, while the fee-based segment generated record quarterly revenue of $443 million. What that means is that SoFi has a much stronger argument for being a diversified platform business rather than a lending machine wrapped in tech jargon. However, there is another way to frame the same development. Yes, SoFi is moving toward the fee-based model. But what is important now is how quickly the company manages to achieve the transformation compared to what worries the market the most in the stress scenario. SoFi shares were caught in the broader fintech sell-off amid growing fears that tariffs would trigger a US recession and hurt consumers' ability to repay their debts. When the tape is tough, investors try to identify the potential weak spot and for SoFi, it is likely credit sensitivity and any interruption of the platform narrative driven by a more challenging consumer environment. Thus, I am more interested in the...
Key PointsNew research indicates that quantum computers might be able to crack the encryption protecting most cryptocurrencies sooner than anticipated.
Key PointsNew research indicates that quantum computers might be able to crack the encryption protecting most cryptocurrencies sooner than anticipated.
BJP7images/iStock via Getty Images Rare earth elements have come under increasing focus owing to their criticality to defense equipment manufacturing and clean technology. China has monopolized this supply chain for over two decades and has not shied away from using it for geopolitical leverage, forcing others to think of a diversification strategy. This is Part 2 of a 5-part series in which Platt...
BJP7images/iStock via Getty Images Rare earth elements have come under increasing focus owing to their criticality to defense equipment manufacturing and clean technology. China has monopolized this supply chain for over two decades and has not shied away from using it for geopolitical leverage, forcing others to think of a diversification strategy. This is Part 2 of a 5-part series in which Platts News explores the strategies under play and the challenges they face. Rare earth mining projects outside China face significant economic challenges due to geological differences that make extraction and refining more expensive than Chinese operations, industry experts told Platts, part of S&P Global Energy. Governments and companies are racing to build new supply chains of critical minerals essential for defense and next-generation manufacturing. Politicians, concerned about China's dominant position in mineral markets and its influence over trade, have turned to industrial policies to support mining projects, including equity stakes, price floors and strategic stockpiling. However, China's geological advantages with its rare earth mines may outweigh any policy or pricing boost offered by other countries. Many rare earth deposits outside China predominantly contain lower-value elements locked in mineral structures, making processing of these materials more challenging, geologists and analysts told Platts. "The big economic challenge the rest of the world faces is deposit geology," Peter Cook, a geologist and policy analyst at Breakthrough Institute, told Platts. "China got lucky with its abundant ionic-adsorption clay deposits, which are cheap to mine and process, and enriched in the more valuable heavy rare earths like terbium and dysprosium." Geological advantage Terbium and dysprosium are heavy rare earth elements used to improve the heat resistance of high-performance neodymium-iron-boron (NdFeB) magnets in electric vehicles and advanced robotics. Although manufacture...