31st of October | Your Investing Bullets

Your Investing Bullets Treasuries Show Another Notable Move To The Downside After coming under pressure over the course of the previous session, treasuries showed another notable move to the downside during trading on Monday. Bond prices moved notably lower early in the day and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, climbed 5.2 basis points to 1.853 percent. The ten-year yield closed higher for the third consecutive session, ending the day at its highest closing level in well over a month. The continued weakness among treasuries came amid optimism about U.S.-China trade talks as well as news that the European Union has granted the U.K.’s request for a Brexit deadline extension. [Read More ]( UK Consumer Loans Growth Shows Lowest Rate Since 2014 UKs consumer loans grew by 0.828 billion in the prior month, less than a 0.969 billion growth in August, falling short of market estimates of 0.900 billion. Photo Pixabay This reading was the weakest one on monthly basis since March 2019. As for the annual rate the consumer loan number rose by 6 percent, marking thus the lowest growth at yearonyear rate since July 2014 and being lower in contrast to 6.1 percent in August. Credit card loaning advanced 4.4 percent, though it was 4.8 percent in August and other loans number remained in September at the same level of a 6.8 percent as in August, according to Bank of England report released on Tuesday. [Read More ]( BP swings to quarterly loss, dividend news disappoints BP PLC (LON:BP.) swung to a loss in the third quarter as underlying profits slumped 39% due to lower oil prices and it took a US$2.6bn impairment charge from previous disposals. Underlying replacement cost profit in the three months to end-September dropped to US$2.3bn from US$3.8bn this time last year as the Upstream exploration, development and production business profits plunged 47%. The average price of a barrel of Brent crude was US$62 in the quarter and WTI in the US was US$56.40, down 18% and 19% respectively on the same period last year. While total oil and gas production was up 3% in the quarter to 3.7mln barrels of oil equivalent (boepd), excluding BP’s stake in Russia’s Rosneft, underlying production was down 2.5% due to maintenance activities and the effects of hurricanes in the Gulf of Mexico. [Read More ]( Investing Bullets, 20 N. Orange Ave., 32801, Orlando, United States You may [unsubscribe]( or [change your contact details]( at any time.