Rates on U.S. government debt finished lower for a third straight session on Thursday following a solid 30-year government-bond auction and data that added to evidence of easing inflation.
Treasury yields touched their lowest levels in more than two months following Wednesday’s cooler than expected CPI print, bringing them to the upper bound of what analysts at Renaissance Macro deemed “the soft landing zone.”
The S&P 500 and Nasdaq rose to records after the consumer-price figures were released, gaining 0.9% and 1.5%, respectively. The Dow shed 0.1% and the yield on the 10-year Treasury note slid.
Rates on U.S. government debt finished lower on Wednesday for the eighth time in the past 10 sessions after a cooler-than-expected consumer-price index report for May and the Federal Reserve’s policy update.
Secretary of State Antony Blinken Wednesday said 300 individuals and entities helping to enable Russia's war against Ukraine are being sanctioned by the U.S. State and Treasury Departments.
The Prime Minister is facing accusations he’s out of touch after he claimed in an election interview he went without 'lots of things' as a child including Sky TV
Tom West is joining Capitol Tax Partners as a partner. West was most recently deputy assistant secretary for tax policy at the Treasury Department, and he served in senior Treasury roles in under the Biden, Trump and Obama administrations.…
The Treasury Department and the Internal Revenue Service said on Wednesday that U.S. residents had saved more than $1 billion in buying electric vehicles through federal tax credits since the start of 2024.