Fed's Brainard Says Bond Yield Surge 'Caught My Eye,' Is Upbeat on Outlook

Federal Reserve governor Lael Brainard said the recent tumult in the bond market is on her radar screen, as she cautioned market participants that the U.S. central bank remains far from a place where it can start dialing back its support of the economy. 


 
Stocks Drop After Monday's Rally

U.S. stocks fell, halting Monday's blockbuster rally as investors continued to grapple with volatility in both shares and bonds. 


 
Biden Says U.S. to Have Vaccines for All Adults by End of May

The president said enough vaccines would be available two months earlier than he had previously indicated, after Merck agreed to help Johnson & Johnson produce shots. 


 
U.K. Opens Door to SPACs, Big Tech IPOs to Compete With New York

The British government is expected to unveil a set of new proposals that aim to help London retain its place as Europe's pre-eminent financial center post-Brexit. 


 
Senate Democrats Iron Out Details on Covid-19 Aid Package

Senate Democrats sought to bridge differences over jobless benefits, aid for state and local governments and $1,400 direct payments as they aim to complete a $1.9 trillion coronavirus relief package and pass it through their chamber in the coming days. 


 
Canadian Economy Surprised With Sharp Growth in Fourth Quarter

The annualized growth rate of 9.6%, the second highest among the Group of Seven economies, could pull forward market expectations of a rate increase by the Bank of Canada. 


 
Biden's SEC Pick Faces Senate Panel

Gary Gensler, President Biden's pick to lead the Securities and Exchange Commission, told senators he would look into issues ranging from climate change to the GameStop trading frenzy. 


 
U.S. Sanctions Russia Over Kremlin Critic Navalny's Poisoning

The Biden administration accused the Kremlin of trying to assassinate Russian opposition leader Alexei Navalny by poisoning him, then detaining him for political purposes. 


 
Regional Bank Stocks Rise as Bond Yields Climb

The yield on the 10-year Treasury rose to 1.459% in February, the largest one-month gain since 2016. That rise has also been good for bank stocks, since higher rates typically mean higher profits. 


 
China Banking Regulator Sees Risk From Real-Estate 'Bubble'

The chairman of the China Banking and Insurance Regulatory Commission said he was concerned that what he termed a "bubble" in Chinese real-estate prices could threaten the country's financial sector and its broader economy.

(END) Dow Jones Newswires

03-02-21 1915ET