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-0.000251952632905143 0 -0.000251952632905143 -0.00151171579743014 -0.00554295792391045 -0.00881834215167552 -0.00529100529100531 -0.00529100529100531
Stock impact report

Treasury Auction Draws Highest Yield Since 2007 in Bond Selloff [Yahoo! Finance Canada]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Most Read from Bloomberg The $39 billion auction was awarded at 4.68%, slightly higher than indicated by its level at 1 p.m. New York time, the bidding deadline. Yields across maturities had risen by several basis points after gauges of service-sector activity and job openings were stronger than expected. The data “reinforced the market's view on a strong US economy and rates are not restrictive,” said Tracy Chen, a portfolio manager at Brandywine Global Investment Management. Traders, who as recently as late September were fully pricing in another Fed rate cut by March, scrapped wagers there will be one until the second half of the year. With December employment data to be released Friday, November JOLTS job openings unexpectedly increased while the December ISM services index rose more than anticipated, and a related reading of prices paid by businesses jumped to the highest level since 2023. “There's still concern about elevated inflation risks that has created more of a Show less Read more
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