cnbc_topnews

Treasury yields are broadly flat as investors mull uncertainty around peace talks

📰 source: cnbc_topnews · 💼 business

treasury yields slipped on tuesday as oil prices dropped on word that a deal to open the strait of hormuz might be imminent. the 10-year note yield fell more than 4 basis points to 4.635%, the 2-year slipped over 6 basis points to 4.194%, and the 30-year shed 3 basis points to 5.199%.

bessent told cnbc that talks with iran are ongoing and a deal could come as soon as today or tomorrow. oil responded: wti fell 3% to around $77 a barrel, brent down 2% to near $81. but wells fargo's tony miano cautioned that even a deal won't instantly fix energy markets — oil fundamentals take time to stabilize, and broader inflation may stay sticky, limiting how far yields can drop.

yields had been rising lately, with the 30-year hitting its highest since 2007 on inflation worries, and the fed's 'hawkish hold' last week is still weighing on bond investors.

why it matters: treasury yields fall on hormuz deal hopes, but sticky inflation and fed hawkishness could limit the bond rally.

source: cnbc_topnews
sentiment: +0.00 · impact: 0.40

Surprise fall in US jobs last month as slow summer continues

📰 source: bbc_business · 💼 business us jobs fell by 23,000 last month, against forecasts for an 80,000 gain, with the bureau of labor statistics also revising down may and june payrolls by a combined 103,000. the unemployment rate still dipped to 4.1% from 4.2%, as labor

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

📰 source: cnbc_topnews · 💼 business homes sold for less than their asking price in 38 of the 50 largest u.s. housing markets in june, per redfin. the biggest discounts hit florida and texas: miami and west palm beach averaged nearly 5% below asking, while houston, austin, tampa, dallas, san antonio,

China is gaining ground in AI. But the U.S. still has a major advantage

📰 source: cnbc_topnews · 💼 business hugging face ceo clément delangue told cnbc china is clearly dominating on open models and could start dominating at the frontier by end of this year or next. chinese models are closing the gap with u.s. frontier systems despite limited access to cutting-edge compute. beijing-based

US strikes $1.2bn deal to pay German firm to halt offshore wind projects

📰 source: bbc_business · 💼 business rwe will abandon its offshore wind projects in the us after accepting a $1.2bn payout from the department of the interior. the german energy firm said it will reinvest the money into gas projects, including $900m for an lng export terminal in louisiana. rwe will

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Surprise fall in US jobs last month as slow summer continues

Homes are selling below asking in 38 of the 50 biggest U.S. cities—if you can afford one

China is gaining ground in AI. But the U.S. still has a major advantage

US strikes $1.2bn deal to pay German firm to halt offshore wind projects