Bond Trade That Rests on Slower And Smaller Fed Cuts Gets Tested [BNN Bloomberg (Canada)]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
bnymellon.com/us/en/investor-relations/index.jsp
Company Research
Source: BNN Bloomberg
Insight Investment Management Ltd has been buying Treasuries and selling European paper, saying markets are pricing too few interest-rate cuts from the Federal Reserve. Toronto Dominion Bank is recommending clients do the same, seeing a risk the European Central Bank will disappoint markets by not delivering enough easing. The view defies a bullish wager on European securities that took off as the outlook for the euro-area economy began to wane relative to that in the US. Investors started betting the ECB would respond with more rapid cuts and piled into European bonds, driving the yield on German 10-year bonds to around 220 basis points below Treasuries, the widest gap since late 2019. But “the market has probably gone a bit too far in terms of pricing out cuts from the US,” said Jill Hirzel, a senior investment specialist at Insight Investment in London. The firm, which manages £648 billion ($811 billion) in assets, initiated a long position on US Treasuries versus European e
Show less
Read more
Impact Snapshot
Event Time:
BK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BK alerts
High impacting The Bank of New York Mellon Corporation news events
Weekly update
A roundup of the hottest topics
BK
News
- BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. Announces Final Results of Quarterly Tender OfferBusiness Wire
- Early Repurchase(s) [Yahoo! Finance]Yahoo! Finance
- FRN Variable Rate Fix [Yahoo! Finance]Yahoo! Finance
- Treasuries Soar as CPI, Retail Sales Reports Boost Fed Cut Bets [Financial Post (Toronto, Ontario, Canada)]Financial Post
- GameStop shorts a 'small drop in the bucket' of wider economy [Yahoo! Finance]Yahoo! Finance
BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 5/9/24 - Form 4
- 5/9/24 - Form 4
- 5/8/24 - Form 144
- BK's page on the SEC website