Author: Evan Dion

Bond Prices Rally as Equities Pressured; GDP Up – 10-Year 3.077%

Bond Prices Rally as Equities Pressured; GDP Up – 10-Year 3.077%

US Treasury prices rallied Friday, taking yields sharply lower as risk aversion rose as equities were pummeled. The two-year Treasury rate was down 5 basis points at 2.798%, and the 10-year yield was off more than 4 bps at 3.077%. UK Gilts were outperforming with the yield off 5.3 bps at 1.386%. The German Bund was down 4.8 bps at […]

Nasdaq Under Pressure as Amazon, Alphabet Set for Tough Day, Jones Trading Says

Nasdaq Under Pressure as Amazon, Alphabet Set for Tough Day, Jones Trading Says

The Nasdaq was under pressure early Friday in a broad based selloff, sparked by soft quarterly reports from both Amazon (AMZN) and Alphabet (GOOGL), said Dave Lutz, head of ETFs at Jones Trading. In Europe, the DAX was down 1.8%, trading on lows as EU autos were 3% down after supplier Valeo dropped 20%, while financials fell over 2% as […]