Treasuries fell for a fourth day as rising crude oil prices due to the Iran war added to concern that inflation will accelerate. Benchmark 10-year yields climbed to their highest level since mid-February following news that China had told its largest oil refiners to suspend exports of diesel and gasoline due to the escalating conflict in the Persian Gulf. “Bond markets aren’t sharing the same opti...
Treasuries fell for a fourth day as rising crude oil prices due to the Iran war added to concern that inflation will accelerate. Benchmark 10-year yields climbed to their highest level since mid-February following news that China had told its largest oil refiners to suspend exports of diesel and gasoline due to the escalating conflict in the Persian Gulf. “Bond markets aren’t sharing the same optimism as the equity markets,” said Prashant Newnaha , senior Asia-Pacific rates strategist at TD Securities in Singapore. “China’s announcement to suspend exports of diesel and gasoline is driving bond yields higher. The risk is skewed toward 10-year yields drifting higher toward a 4.20% to 4.30% range. The 10-year yield gained as much as three basis points to 4.13%, the highest since Feb. 12. Brent crude climbed toward $85 a barrel, extending this week’s gain to more than 15%. Two-year notes, which tend to be more influenced by Federal Reserve monetary policy than longer tenors, saw smaller losses, with yields rising one basis point to 3.55%. Traders are continuing to dial back expectations for Fed interest-rate cuts as inflation expectations build. Swaps markets are currently pricing in 41 basis points of rate cuts by year-end, compared with 61 basis points at the end of last week. The Iran conflict has showed little sign of abating , with Tehran targeting Israel and Gulf states, and US and Israeli forces bombing targets in the Islamic Republic, including the sinking of an Iranian warship in international waters. “Higher oil, especially for longer, is going to pressure nominal yields higher,” said Kenneth Crompton , senior fixed-income strategist at National Australia Bank Ltd. “And Treasury yields, in our view, were too low to start with before hostilities began.”
Tammy Walker/iStock Editorial via Getty Images I've retained a " Buy" rating for Yancoal Australia Ltd. ( YACAF ) (YAL.AX). Its 4Q2025 performance wasn't as bad as what headline numbers imply. My bullishness on the stock is supported by a promising 2026 outlook and the possibility of M&As. The miner's volume expansion and moderating price drop for 3Q25 were outlined in my previous Oct. 21, 2025, w...
Tammy Walker/iStock Editorial via Getty Images I've retained a " Buy" rating for Yancoal Australia Ltd. ( YACAF ) (YAL.AX). Its 4Q2025 performance wasn't as bad as what headline numbers imply. My bullishness on the stock is supported by a promising 2026 outlook and the possibility of M&As. The miner's volume expansion and moderating price drop for 3Q25 were outlined in my previous Oct. 21, 2025, write-up . Full-Year Miss Masks Multiple Positives YACAF's latest financials were released last week. The group's FY25 bottom line was 63.8% lower at A$0.44 billion. That's also 14% short of the A$510 million consensus projection based on S&P Capital IQ. I think pricing weakness and fixed-cost deleveraging led to its poor showing. YACAF saw "Average Selling Price/ASP" fall 17.0% to A$146/ton in 2025. Management drew parallels between the recent fiscal period and the "cyclical low in coal prices just 6 years ago" at the analyst briefing . Its turnover went down 13.3% from the prior year. Key operating expense items like raw materials and employee benefits still grew by a single-digit percentage during the same timeframe. This drove substantial earnings compression. Putting the below-expectations earnings aside, I'm impressed with YACAF's performance in many other areas. The firm executed strongly on its operational strategy. According to the results disclosure, "attributable saleable coal production" rose 4.6% to 38.6Mt for FY2025. This beat management's guidance by 4%. YACAF also managed expenses well. FY25 unit operating cost decreased 1.1% to A$92/t. That came in below the internal target of A$93. The company emphasized at the call that its "large-scale, low-cost mines" have a competitive edge when others "struggle through coal price cycles." Separately, its metallurgical coal volumes were 17.3% higher at 6.1 Mt last year. This represented a mid-teens percent of the 38.1Mt group-level figure, including the primary thermal coal operations. In its slides , the enterprise exp...
Shares of Rigetti Computing (RGTI +4.72%) are down nearly 70% from their 52-week high (as of Feb. 27, 2026). Not surprisingly, bargain hunters are paying attention. Sharp pullbacks in emerging technology stocks, especially in industries like quantum computing, often prompt investors to ask whether this dip can be an entry point to earn exceptional long-term returns. But a lower share price does no...
Shares of Rigetti Computing (RGTI +4.72%) are down nearly 70% from their 52-week high (as of Feb. 27, 2026). Not surprisingly, bargain hunters are paying attention. Sharp pullbacks in emerging technology stocks, especially in industries like quantum computing, often prompt investors to ask whether this dip can be an entry point to earn exceptional long-term returns. But a lower share price does not automatically make a stock attractive. Rigetti remains an early-stage quantum hardware developer operating in a capital-intensive field with minimal revenue, heavy operating losses, negative cash flows, and a concentrated customer base. While the company is advancing its superconducting (electrical circuits that conduct electricity with zero resistance when cooled to extremely low temperatures) quantum processors and cloud-based quantum services, the path to sustainable profitability is still unclear. Against this backdrop, here are a few key factors investors should consider before deciding whether to buy the dip or ignore it. Growth catalysts Management expects Rigetti's 108-qubit Cepheus-1 system to be ready for broader customer use by the end of the first quarter of 2026. This quantum computer, which is built with 108 qubits or basic units of information in quantum computing, is designed to handle more complex calculations than the company's earlier 9-qubit and 36-qubit systems. The company is using a modular design in this 108-qubit system, where smaller quantum chips are linked together rather than building a single large processor. If Rigetti can deliver this system with strong performance and reliability, it would dramatically improve Wall Street's confidence in the company's road map. Expand NASDAQ : RGTI Rigetti Computing Today's Change ( 4.72 %) $ 0.80 Current Price $ 17.76 Key Data Points Market Cap $5.9B Day's Range $ 16.88 - $ 17.96 52wk Range $ 6.86 - $ 58.15 Volume 27M Avg Vol 32M Gross Margin -6849.48 % Rigetti is also focused on commercializing its techn...
Key Points Rigetti's 108-qubit system could be a key technical milestone in 2026. Government contracts account for over 90% of the company's revenue, resulting in lumpy and uncertain growth. The stock trades at an extremely high valuation multiple of over 700 times sales. 10 stocks we like better than Rigetti Computing › Shares of Rigetti Computing (NASDAQ: RGTI) are down nearly 70% from their 52-...
Key Points Rigetti's 108-qubit system could be a key technical milestone in 2026. Government contracts account for over 90% of the company's revenue, resulting in lumpy and uncertain growth. The stock trades at an extremely high valuation multiple of over 700 times sales. 10 stocks we like better than Rigetti Computing › Shares of Rigetti Computing (NASDAQ: RGTI) are down nearly 70% from their 52-week high (as of Feb. 27, 2026). Not surprisingly, bargain hunters are paying attention. Sharp pullbacks in emerging technology stocks, especially in industries like quantum computing, often prompt investors to ask whether this dip can be an entry point to earn exceptional long-term returns. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » But a lower share price does not automatically make a stock attractive. Rigetti remains an early-stage quantum hardware developer operating in a capital-intensive field with minimal revenue, heavy operating losses, negative cash flows, and a concentrated customer base. While the company is advancing its superconducting (electrical circuits that conduct electricity with zero resistance when cooled to extremely low temperatures) quantum processors and cloud-based quantum services, the path to sustainable profitability is still unclear. Against this backdrop, here are a few key factors investors should consider before deciding whether to buy the dip or ignore it. Growth catalysts Management expects Rigetti's 108-qubit Cepheus-1 system to be ready for broader customer use by the end of the first quarter of 2026. This quantum computer, which is built with 108 qubits or basic units of information in quantum computing, is designed to handle more complex calculations than the company's earlier 9-qubit and 36-qubit systems. The company is using a modular design in this 108-qubit ...
China’s government has reportedly told the country’s largest oil refiners to suspend exports of diesel and gasoline as an escalating conflict in the Persian Gulf disrupts the arrival of crude from one of the world’s largest producing regions. Officials from the National Development and Reform Commission, the country’s top economic planner, met refinery executives and verbally called for a temporar...
China’s government has reportedly told the country’s largest oil refiners to suspend exports of diesel and gasoline as an escalating conflict in the Persian Gulf disrupts the arrival of crude from one of the world’s largest producing regions. Officials from the National Development and Reform Commission, the country’s top economic planner, met refinery executives and verbally called for a temporary suspension of refined product shipments that would begin immediately, Bloomberg News reported. The refiners were asked to stop signing new contracts and to negotiate the cancellation of already-agreed shipments, the report said. An exception was made for jet and bunker fuel held in bonded storage and supplies to Hong Kong and Macau. According to one Seeking Alpha analyst , i t is not a coincidence that China has bet so much on renewables over the last few years and has started to accumulate a huge amount of onshore crude inventories: a record high of 1.20 billion barrels in early January. Considering that China typically imports 5 million oil barrels on a daily basis coming from the Strait of Hormuz, if closed, it would take 240 days (34 weeks) to run out of all the oil inventories. " What if the war lasts more than 34 weeks? That’s a major concern, but not only for China, for all the world. If anything, China is less of a problem compared to the European Union and Japan, both oil-dependent economies that don’t produce it… China has many more levers to pull before getting severely hit by this war, and for now it is still well covered." More on iShares MSCI China ETF, United States Oil Fund LP ETF, etc. Why China Is Less Vulnerable To The Strait Of Hormuz Than You Might Think Surviving 'Epic Fury' And The Asian Stock Market Crash The US-Iran War: Phase Two (Where The Pain Starts) Asia markets bounce back: KOSPI soars 12% in historic rebound, China pledges stimulus despite low growth goal China signals era of 'sober growth' sets lowest GDP target since 1991 at 4.5%–5%
"Mirrors falling off, tail lights falling off - all that sort of thing, which we are having to address. "But the much more significant problem is that the vibration is transmitted ultimately into the driver's fingers. "So Fernando [Alonso] is of the feeling that he can't do more than 25 laps consecutively before he will risk permanent nerve damage to his hands. "Lance [Stroll] is of the opinion th...
"Mirrors falling off, tail lights falling off - all that sort of thing, which we are having to address. "But the much more significant problem is that the vibration is transmitted ultimately into the driver's fingers. "So Fernando [Alonso] is of the feeling that he can't do more than 25 laps consecutively before he will risk permanent nerve damage to his hands. "Lance [Stroll] is of the opinion that he can't do more than 15 laps before that threshold." The team have worked at finding ways to prevent the vibrations from the engine leading to failures in the batteries in the engine's hybrid system, which afflicted them during pre-season testing. These have been introduced on the car for the Australian GP. Honda F1 boss Koji Watanabe said they would only know whether the countermeasures were effective once the car starts running on track on Friday. The fix introduced only stops the vibrations reaching the battery. They are still being transmitted into the chassis, and from there into the steering. "There's no point in not being open and honest in this meeting on our expectations," Newey said. "We are going to have to be very heavily restricted on how many laps we do in the race until we get on top of the source of the vibration and improve the vibration at source." Alonso said the vibrations made his hands and feet feel "numb" after a number of laps, but added: "If we were fighting for the win, we can do three hours in the car, let's be clear. But definitely it is something that is unusual. It shouldn't be there. "We don't know the consequences either if we keep driving like that for months. So a solution has to be implemented." Alonso said the team would decide after practice and qualifying how to approach the race, when they had a better understanding of how the changes to the car had affected the problem. The Honda engine is also significantly down on performance as F1 begins a new engine regulation period based on a 50-50 split between the internal combustion (ICE)...