The secret signs the bond sell-off might be ending
A big options bet involving the utility sector could indicate a top in yields.
We haven't written up this one. CNBC has the full story — the link below goes straight to it.
What's breaking now, across thousands of outlets.
A big options bet involving the utility sector could indicate a top in yields.
We haven't written up this one. CNBC has the full story — the link below goes straight to it.
One corner of the Additional Tier 1 market stands out in the global bond selloff, where rising rates are squeezing banks with large property-lending businesses, hammering their riskiest debt.
In recent trading, shares of Phillips 66 (Symbol: PSX) have crossed above the average analyst 12-month target price of $258.85, changing hands for $264.23/share.
In recent trading, shares of Delek Logistics Partners LP (Symbol: DKL) have crossed above the average analyst 12-month target price of $53.40, changing hands for $54.47/share.
Plus, it’s jobs day
The Swiss franc is grabbing the spotlight as a haven against European risk after concerns about France’s debt situation hit the region’s markets.