U.S. 10-Yr Yield Rises to 1.2%, Inflation Expectations Build | Investing News

LONDON (Reuters) – A U.S. Treasury selloff gathered pace on Monday, with 10-year yields rising to 1.20% and inflation expectations at the highest since 2014 as investors priced an acceleration in economic recovery thanks to President Joe Biden’s spending package.

The $1.9 trillion stimulus package looks likely to be approved by Congress, bypassing Republican roadblocks. Friday’s lacklustre labour data appeared to highlight the urgency of getting state support to the economy.

Ten-year borrowing costs extended their rise to the highest since last March at 1.2%, while 30-year yields touched 2% for the first time since mid-February 2020.

Ten-year yields are up around 30 bps since end-2020.

Rabobank analysts said the catalyst appeared to be Treasury Secretary Janet Yellen’s comments “where she cited her expectation that, with sufficient fiscal support, the U.S. should be at full employment in 2022”.

The Treasury curve steepened further, with the gap between 2- and 10-year

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IBM, Palantir forge partnership in low-code AI data processing space

IBM and Palantir have announced a partnership to merge hybrid cloud, artificial intelligence (AI), data processing, and operational technology in a new enterprise offering. 

On Monday, the companies said the new solution, Palantir for IBM Cloud Pak for Data, will “simplify how businesses build and deploy AI-infused applications with IBM Watson and help users access, analyze, and take action on the vast amounts of data that is scattered across hybrid cloud environments without the need for deep technical skills.”

Palantir for IBM Cloud Pak for Data brings together Palantir Foundry, a data integration and analysis platform, and IBM Cloud Pak for Data services, including IBM Watson. 

The new enterprise product has been built to reduce data silos and cut out the technical expertise generally required to make use of AI analysis. According to IBM, the offering will be a “no/low-code” platform for deploying AI applications able to process

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Microsoft: Here’s how we fix bad spelling in 100 languages to get you the right search results

Developer working on laptop computer.

As many as 15% of queries are misspelled and, when they are, search engines can deliver bad answers,


Image: Getty Images/iStockphoto

Microsoft has explained how it is using a variety of technologies and techniques to fix bad spellings that can mean queries addressed to its Bing search engine would otherwise deliver the wrong results. 

The software giant is getting back to basics in its latest push by focussing on spelling errors when people search online. It reckons that 15% of queries are misspelled and, when they are, search engines can deliver bad answers. 

So, Microsoft has figured out that it needs to automatically fix users’ poor spelling in order to improve the experience of Bing

SEE: An IT pro’s guide to robotic process automation (free PDF) (TechRepublic)

“Spelling correction is the very first component in the Bing search stack because searching for the correct spelling of what users mean

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Luxury shoppers flock online, but stores aren’t going out of style

Luxury consumers shopped online more than ever in the past year, forced by coronavirus-related restrictions to stay away from city-center stores and airport duty-free concessions. But while the shift toward e-commerce might seem to herald the dominance of the digital, the physical store could still have a role to play in the future of luxury.

Since the coronavirus pandemic began its spread across the globe a year ago, luxury-goods stores have had to roll down their shutters for a good part of the year as governments attempt to limit contagions. International travel, too, has been curtailed on a massive scale–and with it, the big business of luxury travel retail.

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Conversely, e-commerce sales have skyrocketed, with many if not most brands reporting increases in online revenue.

Online sales at Gucci’s

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