Tilted markets get a great deal of cold from the Bank of England

This story is part of CNN Business’ Nightcap newsletter. To receive it in your mailbox, register for free, here. New York CNN business – All the UK government drama keeps me from catching up on the only British drama I really want to consume, which is Love Island, season 8, which I haven’t finished yet … Read more

European markets open on close, earnings, data and news

European stock exchanges closed slightly higher The pan-European Stoxx 600 provisionally closed 0.3% higher, recovering from 2% losses in morning trading and an unstable afternoon. The UK’s FTSE 100 was up 0.3% after the Bank of England announced the temporary purchase of long-dated bonds and the suspension of the sale of gilts next week. The … Read more

UK bond yields plummet after the Bank of England stepped in to buy “whatever scale needed”

UK gilts yields fell from a 14-year high after the Bank of England said it would buy bonds at “whatever scale is needed” to restore orderly market conditions. The 10-year benchmark gilt yield TMBMKGB-10Y, 4.014%, moving in the opposite direction to prices, it fell 49 basis points to 4.03%, after falling at one point below … Read more

Why a rising 10-year Treasury yield is disrupting financial markets as it approaches 4%

The 10-year Treasury yield, a vital benchmark that influences a wide range of consumer financing costs, is about to hit 4% for the first time in at least 12 years, a development that is starting to take hold in financial markets. The rate TMUBMUSD10Y, 3.986% It climbed to 3.988% on Tuesday, more than double from … Read more

Opinion: reset your retirement calculator now for today’s hovering stock markets and make sure you’re still on track

When the markets are down, you don’t want to look at your 401 (k) statement. But with a potential “lost decade” of equity returns looming, you need to at least take a look, because it’s time to realize your ability to afford retirement. Economists often point out that stock markets always go up eventually, but … Read more

7 Retirement Lessons to Help You Retire “Right”

The closer it gets, the more attention I get. “It”, in this case, is the pension. I’ll celebrate my 60th birthday in January. I’m not going to retire entirely, but I’m thinking about how to work less, travel more and prepare my finances for years to come. As I sketch my plans, I’m drawing not … Read more

Fed rate hikes have made some corporate bonds very attractive. How to profit from it

As stocks fall and interest rates rise, investors are becoming more enthusiastic about corporate bonds than they have been in a generation. A side effect of the Federal Reserve’s tightening policy is that it has pushed interest rates up everywhere, including in the corporate bond market. But as the professionals point out, investors need to … Read more

7 Retirement Lessons to Help You Retire “Right”

The closer it gets, the more attention I get. “It”, in this case, is the pension. I’ll celebrate my 60th birthday in January. I’m not going to retire entirely, but I’m thinking about how to work less, travel more and prepare my finances for years to come. As I sketch my plans, I’m drawing not … Read more

7 Retirement Lessons to Help You Retire “Right”

The closer it gets, the more attention I get. “It”, in this case, is the pension. I’ll celebrate my 60th birthday in January. I’m not going to retire entirely, but I’m thinking about how to work less, travel more and prepare my finances for years to come. As I sketch my plans, I’m drawing not … Read more

European markets open on close, earnings, data and news

The Bank of England is right to hold back rate hikes as the pound tumbles, says the investment director The UK central bank shouldn’t rush to raise interest rates, according to Julian Howard, Lead Investment Director of Multi Asset Solutions at GAM Investments, despite the pound’s plunge. “I don’t think it’s the Bank of England’s … Read more