Trader pocketing big profits for breaking with pack and placing sizable bet that Fed won’t increase size of its interest-rate hikes.
A yearlong rush to the exits by institutional investors has left the stock market’s foundation delicate and given to quick swings.
Wall Street’s top dog is scaling back hiring as a slowdown in financial markets spurs talk of layoffs on Wall Street.
Although China and Japan sold Treasuries in May, U.S. Treasury yields slid. Benchmark 10yr Treasury yield started May at 2.996%, down 15 basis points.