Wall Street traders sent stocks higher as bonds yields fell after a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year. In a shortened session ahead of the US holiday, the S&P 500 hit a fresh all-time high on bets Fed […]
rates
The whipsawing of rates in the market for repurchase agreements suggests that the collapse in funding costs seen earlier in the year has come to an end. Funding rates — the cost of financing holdings of Treasuries — typically march higher at the end of the quarter as banks rein […]