Iron Ore pushed higher again, and is now within spitting distance of $120/t.
Last night was interesting because this problem has been threatening to flare for a while, that is, the US has so much debt (and requires so much new debt just to finance the existing debt with higher rates) that there is a concern the market can't absorb all the bonds the US Treasury has to sell. Overnight, fresh 30-year bonds were auctioned off at 1-pm US time at a much higher yield than anticipated, this triggered a rally in bond yields and an instantaneous drop in stocks.
30 Year US Bond Yields (intraday)
Dow Jones (intraday)
Iron ore price, page-50837
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Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |