Skip to main content

Featured

Choking Capital: Delhi’s Toxic Smog Crisis Grounds Flights and Strains Health Systems

                              People walk in a smog-covered morning in New Delhi, India, Monday, Dec. 15, 2025. Dense toxic smog has engulfed New Delhi, reducing visibility, halting travel, and plunging the city’s Air Quality Index (AQI) to an alarming 471 , far above the hazardous threshold of 300. The blanket of pollution has led to over 40 flight cancellations and dozens of delays , while more than 50 trains were held up for hours , leaving thousands of commuters stranded. Authorities have imposed emergency pollution-control measures , including a ban on older diesel vehicles, suspension of construction activities, and hybrid schooling for children. Courts have even advised virtual hearings to minimize exposure. Hospitals across the capital are reporting a surge in patients suffering from breathing difficulties, eye irritation, and aggravated asthma conditions . Physicians...
Post a Comment
Read more

article

Labels

Treasuries Extend Selloff Amid Hawkish Fed Views


The world’s largest bond market is experiencing continued turbulence as hawkish Federal Reserve (Fed) views persist. Here are the key points:

  1. Asian Stocks Under Pressure: Asian stocks are set to open lower after US shares extended their losing streak to the longest since January. Equity futures contracts in Japan, Hong Kong, and South Korea indicate early losses, while those in Australia and China gained. Investors will closely watch Asian chipmakers like Taiwan Semiconductor Manufacturing Co. and Tokyo Electron Ltd.

  2. ASML Holding NV’s Warning: Europe’s most valuable tech firm, ASML Holding NV, reported a tumble in orders during the first quarter. Its China sales are likely to be hampered by US export control measures. This news has raised concerns for semiconductor stocks.

  3. US Bond Market: Despite solid economic readings, the US bond market faces headwinds. Jerome Powell’s recent comments have dampened rate-cut expectations. However, dip buyers emerged in the Treasury market, with two-year yields dropping below 5%. A $13 billion sale of 20-year bonds also drew solid demand.

  4. Investor Sentiment: Investors remain skeptical about how much further US stocks can rally after their strong performance in the first quarter. The latest pullback occurs even as US economic data point to continued strength.

  5. Dollar and Currencies: The dollar was little changed in Asia after falling for the first time in six days. Japanese yen and Korean won have also experienced significant declines against the dollar this year.

  6. Outlook: UBS Global Wealth Management expects the yield on the 10-year US Treasury to end the year around 3.85%. The Fed’s rate cuts, though delayed, are still anticipated, leading to further bond market adjustments.

In summary, the bond market remains sensitive to Fed communications, economic data, and global events. Investors should closely monitor developments as interest rates continue to be a focal point.


Labels:

Comments

Post a Comment