The global financial landscape is currently navigating a complex interplay of forces, as U.S. crude oil inventories experience a significant drawdown, propelling oil prices upward, while the yield on the 10-year U.S. Treasury note subtly retreats. These concurrent movements paint a nuanced picture of market sentiment, reflecting both
The financial markets are abuzz with a significant development in the bond market: the benchmark 10-year U.S. Treasury yield has eased to 4.24%. This decline is more than just a number; it's a powerful signal from the heart of the global financial system, reflecting a palpable shift in
US homebuyers and refinancers took advantage of lower rates ahead of Fed's policy decision. Mortgage applications rose 11%, signaling housing market revival.
Wall Street pushed higher in midday trading, with the S&P 500 on track for its eighth consecutive gain — its longest winning streak since November 2023. The index rose about 1% to 5,560, fully recovering the losses sustained after former President Donald Trump announced trade tariffs on April 2.
Wall Street traded lower on the final session of the month, heading for its third consecutive monthly loss as economic data began reflecting the impact of Trump tariffs.
The company said it expects the pricing restrictions associated with the California wildfires last month to impact Core FFO by $0.23 per share in 2025.
