Yields Remain Elevated but Below Session Highs

Yields Remain Elevated but Below Session Highs

Stocks are stuck in neutral. The 2-year GoC peaked at 1.606% shortly after the first round of U.S. data, quickly pulled back to 1.585% before tracking to the 1.60% area only to slide to 1.595%. The 5-year tested 1.82% before easing to 1.813%, while the 10-year swung from 2.098% to 2.069% then back to 2.097% amid the rounds of U.S. data this morning. The 10-year has slipped to 2.082% currently. […]

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Bond Prices Mixed, Mostly Lower

Bond Prices Mixed, Mostly Lower

U.S. Treasury prices fell further Friday with the shorter end hit hardest. The 10-year is holding near the technically significant 2.20% point, with a close through that level seen as prompting more selling. The five-year note was flirting with Thursday’s lows which marked levels last seen in mid July. A more hawkish Bank of England tone weighed on prices. Hurricane-affected data were mixed, with soft retail sales and consumer confidence […]

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Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

Royal Bank Scotland Responds to Financial Conduct Authority in U.K.

The Royal Bank Scotland (RBS) said Friday it responded to the U.K.’s Financial Conduct Authority with regard to media speculation that highlighted an alleged money laundering scheme involving Russian entities between 2010 and 2014. ADRs climbed more than 1% intraday. “Allegedly certain European banks, including 17 UK based financial institutions, and certain U.S. banks, were involved in processing certain transactions associated with this scheme,” the lender said in a Form […]

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Halozyme Therapeutics Q4 Loss, Revenues Top Views

Halozyme Therapeutics Q4 Loss, Revenues Top Views

Halozyme Therapeutics (HALO), a biotechnology company developing cancer treatments, posted a narrower-than expected loss per share for Q4. The net loss was $0.21 per share, compared with earnings per share of $0.03 in the same quarter a year earlier. Analysts in a Capital IQ poll expected loss per share of $0.30 on average. Revenue in Q4 was $39.0 million compared with $52.2 million for the fourth quarter of 2015. That’s […]

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McDonald’s Rises 1% Off Halt After Co Unveils Global Growth Plan

McDonald’s Rises 1% Off Halt After Co Unveils Global Growth Plan

Shares of McDonald’s (MCD), which were halted earlier, climbed more than 1% after CEO Steve Easterbrook and members of the senior management team detailed the company’s long-term global growth plan at an investor day event in downtown Chicago. The company said in a statement on Wednesday its growth plan focuses on enhancing digital capabilities and the use of technology to substantially elevate customer experience while redefining convenience through product delivery. […]

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Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil Prices Pare Early Gains Following Eighth Consecutive Week of Rising US Stockpiles

Oil prices were paring early gains on Wednesday after government data showed that US inventories of oil expanded last week, marking the eighth consecutive week in which stockpiles have increased. West Texas Intermediate (WTI) crude oil, the main US benchmark, was trading 0.01% lower at $53.98 per barrel recently while Brent crude, the international gauge, was 0.02% higher at $56.52 per barrel. Earlier in the day WTI and Brent had […]

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