Repo rates edging up with debt deluge on horizon. There may be some limitations to the U.S. government's borrowing, after all. An anticipated surge of U.S. borrowing in the global debt markets in the second half of this year is starting to create concern as the Treasury is expected to ramp up its issuance of bills, notes and bonds to fund a soaring $1 trillion budget deficit.
China's central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy that has been hurt by a trade war with the United States, Reuters reported. The People's Bank of China said it will improve the mechanism used to establish the loan prime rate from this month, in a move to further lower real interest rates for companies as part of broader market reforms. Analysts say the move, which came after data that...
Long-term Treasury yields jumped after Bloomberg News reported that the U.S. Treasury Department would reach out to market participants on the possibility of issuing ultra-long bonds. The 30- year Treasury bond yield climbed 5.8 basis points to 2.038%.
* Canadian dollar trades 0.4% higher against the greenback. * For the week, the loonie was down 0.3% * U.S. oil prices increase 0.7% * Bond prices move lower across the yield curve. By Levent Uslu. The Canadian dollar strengthened against its U.S. counterpart on Friday, with the currency rebounding from an eight-day low it hit the previous session as investor appetite for risk increased.
By Corrie Driebusch and Avantika Chilkoti. U.S. stocks climbed for a second consecutive session Friday but notched modest weekly losses as investors continue to parse signs of slowing economic growth. Positive developments around trade and reassurances of extra stimulus from central bankers buoyed markets, which were rattled earlier this week after weak data out of Germany and China exacerbated fears of a potential recession.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to equities, but major indexes still ended the week with losses.
Federal Reserve Bank of Minneapolis President Neel Kashkari said recession risks have risen ?quite a bit? and the central bank should be ready to cut interest rates again to protect the U.S. economy.
One Federal Reserve policymaker who opposed the Fed's recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy. "I could see scenarios where we hold rates steady.
There is some $15 trillion in government debt that now yields less than zero, and former Federal Reserve Chairman Alan Greenspan believes there's no reason why U.S. government bond yields couldn't join much of the developed world in the subzero world. Greenspan, during a phone interview with Bloomberg News on Tuesday, said "zero" has no real meaning for the U.S. bond market and that a slide below that psychological level, already traversed by many others countries, wouldn't be...
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