There will be “trouble for equity markets” if the yield on the benchmark 10-year U.S. Treasury note moves beyond 3 percent, Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Tuesday. Late Tuesday, the 10-year yield US10YT=RR stood at nearly 2.38 percent. In his first investor webcast this year, Gundlach said after the recent Read More …
Category: Finance
Wall Street Is Starting to Get Nervous About All the Money Pouring Into U.S. Stocks
After President-elect Donald Trump won the election, markets began a decisive shift in essentially all asset classes. Suddenly, everything from bank stocks to emerging-market bonds staged decisive price swings, driven by a stronger dollar, an increase in U.S. growth expectations, worries over the prospect of a more protectionist Trump-led administration and a steeperAfter President-elect Donald Trump won the election, markets Read More …
The European Union Is Bailing Out Banks Again
Monte dei Paschi di Siena (MPS), the centuries-old bank that is drowning under a growing pile of distressed loans. Since the private sector has now refused to cough up enough capital to close the shortfall identified in this year’s stress tests, it is to be provided with 8.8bn euros of new equity capital, most of it by Italian taxpayers.
Goldman, JPMorgan to invest in blockchain startup Axoni: sources
Goldman Sachs Group Inc, JPMorgan Chase & Co and a group of other financial institutions including inter-dealer broker ICAP Plc’s venture arm are finalizing an investment in blockchain startup Axoni, people familiar with the deal said this week.
This Is Going to Be Worst Year for IPOs Since the Credit Crisis
Despite the S&P’s 11 percent gain, despite the average 18 percent return for successful IPOs, despite volatility that eased from 2015, the last 12 months have seemed as silent as a graveyard for deals.
Young Americans Piled Into Some Horrendous ETF Trades Right After the Election
Mimicking President-elect Donald Trump — who has called himself “the king of debt” — risk-loving millennials used exchange-traded funds that employed leverage to juice their returns in the wake of the real-estate mogul’s election victory. That didn’t work out so well for them. With preferences for gold and volatility, however, they were largely in line with Read More …
Biggest Banks $70 Billion Short in Fed Push to Prevent Bailouts
Wall Street banks are about $70 billion short in building up funds the Federal Reserve says they’ll need to tap following a collapse, down by almost half from the central bank’s earlier estimates.
New bank capital rules softened to ease European fears: sources
Global banking regulators have softened proposed new capital rules in a bid to ease European concerns that extra demands would cause banks to crimp their lending, three sources said.
Fed gives banks five years to comply with Volcker Rule limits
The Federal Reserve Board laid out on Monday how U.S. banks can apply to take five more years to comply with the Volcker Rule, a reform emerging from the 2007-09 financial crisis that has received some of the harshest criticism from Wall Street.
Goldman Says Saudis Wrong to Rule Out U.S. Shale Oil Rebound
Oil may climb to $60 a barrel for the first time in almost a year and a half after Russia and other unaffiliated nations joined an OPEC pledge to reduce production and Saudi Arabia surprised the market by saying it will cut more than previously agreed.