Bond Report: Treasury yields hold ground as global stocks rally on central bank interest rate-cut hopes [MarketWatch]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: MarketWatch
Treasury yields hold ground as global stocks rally on central bank rate-cut hopes U.S. Treasury yields were mostly unchanged on Wednesday as global stock-markets rallied on the expectation of further stimulus by central banks, after the Federal Reserve carried out a surprise 50 basis point interest rate cut on Tuesday. The 10-year Treasury note yield TMUBMUSD10Y, +0.47% was unchanged at 1.004%, while the 2-year note rate TMUBMUSD02Y, +0.49% was down 2 basis points to 0.701%. The 30-year bond yield TMUBMUSD30Y, +1.19% was virtually flat at 1.623%, FactSet data show. The Fed cut its policy interest rate Tuesday ahead of its scheduled policy meeting in two weeks. The expectation now is for other central banks to follow suit and ease policy, too. The Fed’s move followed a conference call by G7 finance ministers and central bank governors Tuesday that pledged measures to shore up global economic growth in the face of the coranavirus epidemic emanating from China. A total of 93,455
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ADP
Earnings
- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website