A look at the day ahead in U.S. and global markets from Mike
Dolan With stocks holding the bulk of recent stellar gains, more
anxious bonds are back in focus - but.
With stocks holding the bulk of recent stellar gains, more anxious bonds are back in focus - but Treasuries caught a decent break Tuesday during a heavy week for new debt sales and inflation updates. Debt markets were unsettled on Monday as a record $127 billion of coupon debt was sold at two auctions of two- and five-year Treasury notes, with another $42 billion of seven-year notes under the hammer on Tuesday. While such heavy supply of new debt has become a feature of the market, tension has been added by the Federal Reserve's stubborn refusal to cut interest rates early as it continues to scour the inflation landscape for signs of heat.
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Activist investor Carl Icahn a Wall Street legend and chairman of publicly traded Icahn Enterprises has a net worth standing at $6.11 billion, according to the Bloomberg Billionaires Index..