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Stock impact report

TREASURIES-10-year yields hit fresh 5-month high after Chinese GDP data [Yahoo! Finance]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: Yahoo! Finance
NEW YORK, April 16 (Reuters) - Benchmark U.S. 10-year Treasury yields climbed to fresh five-month highs on Tuesday as markets reevaluated how quickly the Federal Reserve may move to cut interest rates this year given signs of strength in the global economy. San Francisco Federal Reserve Bank President Mary Daly said late on Monday that there is "no urgency" to cut rates considering the continued resilience in the labor market and U.S. economy. A report on Monday showed that March retail sales were more than double analysts' expectations, helping to push Treasury yields broadly higher. Treasury yields move in the opposite direction to prices. "The worst thing to do is act urgently when urgency is not required," Daly said at the Stanford Institute for Economic Policy Research. Futures markets are now pricing in a total of 43 basis points in rate cuts by the end of the year, down from 48 yesterday and a steep drop from the more than 160 basis points in cuts expected at the start Show less Read more
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