Treasury & Risk

The PPI data likely reinforces Federal Reserve officials' views that inflation should remain their top concern in the face of the war-driven surge in oil prices that's starting to ripple through to other parts of the economy.

Merck is selling the notes in as many as seven parts, according to a separate person with knowledge of the matter. The longest portion of the offering, a 30-year security, may yield about 1.05 percentage points above Treasuries, said the person, who asked not to be identified as the details are private.

Bank of America's (BofA's) commodities and derivatives research chief said his best-case oil-price scenario is Brent averaging $90 for the rest of

Japan's economy grew much faster than expected at the start of the year, supporting the case for further Bank of Japan (BOJ) interest rate hikes, though the outlook remains highly uncertain due to the Middle East conflict.

Bank of America Corp. and Citigroup Inc. are talking to investors about the makeup of the debt package financing Paramount Skydance Corp.'s acquisition of Warner Bros.

"You have the government balance sheet that's deteriorated over time, and you have corporate balance sheets that, in a lot of cases, have been improving and remain strong and stable," said Kelly Kowalski, head of investment strategy at MassMutual. "For this narrative to shift, you would have to get to a point where the rise in yields causes fundamental economic damage," she added. But, for now, "I think this is when the yield buyers come in and people start to think about extending duration."

Economists raised their U.S. inflation estimates and pushed out their timeline for the next Federal Reserve interest rate cut as the price shock

U.S. consumer spending increased slightly in April as war-driven inflation pressures sapped incomes and pushed the saving rate to an almost-four-year low.

Foreign exchange (FX) risk has been gradually increasing and is now at an inflection point.

In May, U.S. job growth topped all forecasts, and the unemployment rate held steady at 4.3 percent, offering the clearest sign yet that the labor