NEW YORK, Oct 11 ― Wall Street indexes closed higher yesterday, to notch their third straight day of gains, after dovish comments from US Federal Reserve officials pushed...
Trial: Bank Negara analyst stands by 1MDB’s US$20m trail to Najib even without Prince Faisal’s Saudi bank statement
Israeli air strikes attacked Gaza yesterday, razing entire districts in the densely populated and impoverished enclave, filling morgues with Palestinians, including women and children, as it took “revenge” for a deadly weekend of Hamas attacks that triggered some of the worst blood-letting in 75 years.
“The action yesterday and today, given what's happened in Israel, has really surprised me. But the flight to safety has made Treasury yields fall enough to push up equities,” Tuz said. But while Kashkari said recent gains in Treasury yields could reduce the need for more rate hikes he cautioned that if yields are higher due to changing expectations about Fed policy, it might “need to follow through” to maintain those yields.
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