-- Demand for Treasuries is holding up as the US government floods the market with more than $180 billion of new debt this week, a testament to the appeal of high yields for shorter-term notes.BHP Makes Takeover Approach For Rival Miner Anglo American
This week’s hefty slate of supply — the last of the current funding cycle — was expected to help determine whether this is a turning point for the market, which has weathered four straight weeks of losses. The rout briefly drove the two-year yield past the 5% mark, a level that some considered enticing to bond managers seeking to put money to work in short-dated maturities.Traders have been scaling back how many rate cuts they expect from the Federal Reserve and abandoning bullish wagers.
“The only remarkable aspect to me continues to be the large sizes going through,” said George Catrambone, head of fixed income at DWS Americas. “The tail was modest.” Shares of solar tech maker Enphase Energy are moving lower Wednesday after the company posted its first-quarter report, with its earnings of $0.35 per share missing expectations of $0.42. Despite the miss, the company claims that the worst is behind it and the demand for solar rooftops will bounce back. Similarly, SunPower's stock is also moving lower as the company announces layoffs, reducing efforts into residential direct sales.
$122 Thai delivery and $26 to-go coffees: New wage laws meant to help gig workers are backfiring big-timeToronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.