US Bond Market Sells Off as Sticky Prices Weigh on Fed Rate Path
A selloff in global bonds paused as traders waited for US inflation data to shed light on whether the Federal Reserve will be able to cut interest rates this year.
A selloff in global bonds paused as traders waited for US inflation data to shed light on whether the Federal Reserve will be able to cut interest rates this year.
Oil headed for a weekly gain on signs of tightening supplies before the release of US inflation data that may give further clues on the path forward for monetary policy.
A Frankfurt court sentenced a man to three years and three months in prison for making millions of euros trading on inside information he got from a London-based banker at Perella Weinberg Partners LP.
The European Union could move as much as €200 billion ($215 billion) a year into the real economy if the bloc improves the way savings are targeted, former European Central Bank policymaker Christian Noyer said.
About three decades ago, a group of Citigroup Inc. dealmakers including Donald Mackenzie, Steven Koltes and Rolly van Rappard left the Wall Street giant to strike out on their own.
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