Market Girds for Pivotal 20-Year Japan Bond Sale as Yields Rise
The sale is just one of several in major debt markets this week as increasing yields on some longer maturities show how investors are worried about widening budget deficits. The 30-year Japanese bond yield breached the key 3% level on Tuesday again, in sight of the peak reached in May, and the 20-year yield is near the highest in about 25 years.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
MP: 'One year on from my election, I'm confident in Carlisle's future'
LAST Friday marked one year since my election as MP for the newly enlarged constituency of Carlisle. Looking back, I can say with confidence that it has been the greatest honour of my life to serve as your representative. As someone born and raised in Denton Holme, the opportunity to champion our great Border city and the towns and villages of North Cumbria in Parliament, while travelling the length and breadth of the constituency meeting incredible people, businesses, and charities from Kershopefoot to Currock, has been a genuine privilege. Since my election, my number one priority has been to be engaged, accessible, and visible. I've worked to achieve this through the reintroduction of MP advice surgeries, monthly coffee mornings, supermarket drop-ins, and street surgeries. Through these, I've met hundreds of individuals and helped thousands more who've contacted me by email, letter, and telephone. My team and I have responded to over 7,500 enquiries from constituents, helping to resolve a wide range of issues, from benefit problems and service charges to speeding traffic, mental health support, and employment concerns. I've met with an average of over 30 local schools, businesses, and community groups every month, despite the demands of my parliamentary duties, which take me to Westminster four, sometimes five, days a week. I'm proud to say I've spoken over 70 times in Parliament, often raising concerns brought to me by residents. I've also worked hard to deliver real change for Carlisle. One of my key priorities has been to ensure the completion of the flood defences promised to us in 2016. When I was elected, the Environment Agency had not been allocated any budget for the necessary feasibility work on the Caldew Phase 3 project. Thanks to my efforts in raising this issue with Ministers, £300,000 has now been allocated to undertake this work. Eight of our local schools have also received funding for breakfast clubs, and starting next year, every child in a household receiving Universal Credit will be entitled to free school meals. Funding has also been secured for a new Urgent Treatment Centre at the Cumberland Infirmary, along with one of the Government's new Urgent Dental Treatment Centres. Additionally, funding for the feasibility study for the Borders Rail extension to Carlisle has finally been granted. Much remains to be done, but change is happening. With the Station Gateway and Citadels Project well underway, and a new Medical School set to open, I remain as confident in Carlisle's future as I was on the day of my election.
Yahoo
2 hours ago
- Yahoo
Western Union (WU) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Western Union (WU) was down 2.79% at $8.35. The stock trailed the S&P 500, which registered a daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.63%, and the technology-centric Nasdaq decreased by 0.22%. Coming into today, shares of the money transfer company had lost 5.91% in the past month. In that same time, the Business Services sector lost 2.01%, while the S&P 500 gained 4.07%. Analysts and investors alike will be keeping a close eye on the performance of Western Union in its upcoming earnings disclosure. The company is expected to report EPS of $0.44, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, down 3.59% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.77 per share and revenue of $4.12 billion. These totals would mark changes of +1.72% and -2.18%, respectively, from last year. Investors should also pay attention to any latest changes in analyst estimates for Western Union. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.27% decrease. Right now, Western Union possesses a Zacks Rank of #3 (Hold). Looking at valuation, Western Union is presently trading at a Forward P/E ratio of 4.86. This denotes a discount relative to the industry average Forward P/E of 16.76. Also, we should mention that WU has a PEG ratio of 2.43. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Financial Transaction Services industry stood at 1.33 at the close of the market yesterday. The Financial Transaction Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 65, placing it within the top 27% of over 250 industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow WU in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Western Union Company (WU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
MINISO Group Holding Limited Unsponsored ADR (MNSO) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, MINISO Group Holding Limited Unsponsored ADR (MNSO) closed at $17.74, marking a -1.93% move from the previous day. This change lagged the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.63%, while the tech-heavy Nasdaq lost 0.22%. Coming into today, shares of the company had lost 1.47% in the past month. In that same time, the Retail-Wholesale sector gained 0.67%, while the S&P 500 gained 4.07%. Investors will be eagerly watching for the performance of MINISO Group Holding Limited Unsponsored ADR in its upcoming earnings disclosure. In the meantime, our current consensus estimate forecasts the revenue to be $672.03 million, indicating a 21.03% growth compared to the corresponding quarter of the prior year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.12 per share and revenue of $2.9 billion, indicating changes of -2.61% and +22.75%, respectively, compared to the previous year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for MINISO Group Holding Limited Unsponsored ADR. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. MINISO Group Holding Limited Unsponsored ADR is currently a Zacks Rank #5 (Strong Sell). In terms of valuation, MINISO Group Holding Limited Unsponsored ADR is presently being traded at a Forward P/E ratio of 16.22. This indicates a discount in contrast to its industry's Forward P/E of 17.97. It is also worth noting that MNSO currently has a PEG ratio of 1.06. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 2.02 based on yesterday's closing prices. The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 16% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MINISO Group Holding Limited Unsponsored ADR (MNSO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
