Japan exports beat estimates in July as robust chip shipments power fifth straight month of gains

Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. Thicha Studio | Istock | Getty Images Semiconductor shipments continued to power Japan’s exports in July, helping clock the fastest growth since October 2022, beating expectations. Exports growth accelerated for a fifth…

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Treasury yields pull back ahead of FOMC minutes

Treasury yields pulled back slightly on Wednesday from multi-decade highs seen on the previous day, as a sell-off at the long end of the curve eased investor jitters.  The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — fell 2 basis points to 4.686%. The 2-year Treasury note…

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Mortgage rates rise as Treasury bond yields climb

Against a backdrop of persisting inflationary pressures, yields on longer-term bonds have been climbing, which experts say is likely to keep borrowing costs elevated — particularly for long-term fixed-rate loans such as mortgages. The yield on the U.S. 30-year Treasury bond hit 5.323% on Tuesday, a 19-year high, before edging down to just below 5.3%….

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