As Treasury auctions hit their largest on record, global central banks could help absorb the waves of new government issuance set to hit markets this year.
Fixed-income investors are fixating on the idea that trillions worth of pandemic stimulus could end up eroding the value of their holdings. But one obscure slice of the U.S. bond market also could be suggesting that reflation is only temporary.
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 103 million on Monday with the U.S. accounting for a quarter of that number, as a snowstorm created blizzard conditions across the Northeast and shuttered vaccination sites.
Amazon.com Inc. has already had its most profitable year. But with Prime Day 2020 taking place in October and the holiday shopping season still to be accounted for, the e-commerce giant will only add to the tally.
Futures for gold and silver on Monday trade sharply higher, with bullion’s sister metal hanging around its loftiest level in about 8 years, as dealers attribute recent gains to the spillover of coordinated buying among individual investors gathering on social-media platforms.