Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $687
0%  
Woo hoo!! 3rd Qtr 2025 FReepathon is now underway!!

Keyword: tomwestbrook

Brevity: Headers | « Text »
  • Bond rout starting to sound market alarm bells

    04/08/2025 9:39:39 PM PDT · by lasereye · 114 replies
    Reuters ^ | April 9, 2025 | Tom Westbrook
    SINGAPORE (Reuters) - U.S. Treasuries extended heavy losses on Wednesday in a sign investors are selling even their safest assets as a global market rout unleashed by U.S. tariffs takes an unnerving turn towards distress and a dash for the safety of cash. "This is beyond fundamentals right now. This is about liquidity," said Jack Chambers, senior rates strategist at ANZ in Sydney. The 10-year U.S. Treasury yield, the globe's benchmark safe-haven anchor, was up 20 basis points and rising in Asia - a remarkable move in a time zone where it's usually fairly steady. At 4.46% the yield is...
  • Analysis: Yuan loses core support as firms leave China

    08/08/2023 10:10:58 PM PDT · by Cronos · 22 replies
    Reuters ^ | 8th August 2023 | Samuel Shen, Tom Westbrook
    Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning.