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Longer-dated US Treasury yields fell to their lowest levels since September on concerns about slowing AI growth and bets the Federal Reserve will hold rates steady at its next meeting. Yields pared their declines after hotter-than-expected retail sales and wholesale inflation data.
The food and agri group said revenue rose 33% in Q2 to US$1,139 million and 32% in 6M to US$2,161 million. Net profit fell 35% in Q2 to US$28 million.
Income investors have spent much of the past month dealing with a market that refuses to make life simple. Equities remain resilient, but they are also increasingly concentrated in a handful of large technology companies. Credit markets remain open and broadly functional, but the easy money has been made in many of the