Treasuries Hold Gains as Record US Auction Sees Solid Demand
US government debt held gains amid solid demand for the US Treasury’s record-sized auction of two-year notes — even as a much-desired 5% coupon proved elusive.
US government debt held gains amid solid demand for the US Treasury’s record-sized auction of two-year notes — even as a much-desired 5% coupon proved elusive.
Emerging-market stocks rose for a second session amid signs of easing tensions in the Middle East and after softer US economic data fueled hopes the Federal Reserve might take a less hawkish stance.
The blank-check deal that brought Donald Trump’s media startup public is set to give him another $1.2 billion in stock after meeting certain targets to his present windfall from the merger, yet he remains unable to cash any of it in.
French drugmaker Sanofi has asked banks to pitch for roles on the separation of its consumer-health business, according to people familiar with the matter, one of the biggest deals likely to happen in Europe this year.
Russia’s focus on boosting natural gas exports to China is proving less lucrative for the nation than its former reliance on westbound deliveries to European markets.
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