U.S. government bond yields hit their highest levels in more than four months, following signs of progress in Washington toward a deal on a roughly $2 trillion coronavirus relief package. In recent trading, the yield on the benchmark 10- year U.S. Treasury note was 0.801%, according to Tradeweb, compared with 0.796% Tuesday.
The Canadian dollar rose to a
six-week high against the greenback on Wednesday as investors
weighed U.S. stimulus prospects, but it gave back some of its
gain as domestic retail sales data suggested ...
* Dow Jones Industrial Average, S&P 500 down 0.1% * European stocks down 0.9% * Gold hits one-week high, dollar at six-week low. * U.S. Treasury yields climb to four-month high. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Matt Scuffham.
* Global stocks tick down on U.S. stimulus uncertainty. * Wall Street futures point to 0.2% loss. * European stocks down 0.9% * U.S. Treasury yields climb to four-month high, then fall. * Chinese yuan climbs, up 4.5% this year. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Tom Wilson.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Yoruk Bahceli. German 10-year bond yields touched their highest in a week in early trade on U.S. stimulus hopes, but demand for the safe-haven assets reversed as European stock markets fell back into the red and were set for a straight third session of losses.
The bond issues on Tuesday that kicked off the European Union's funding of its coronavirus support programmes rallied sharply in the secondary market on Wednesday. The EU raised 17 billion euros from the sale of 10 and 20-year "social" bonds to start funding its SURE unemployment scheme, which received the highest level of demand in history for a bond sale.
A widely-used benchmark for U.S. short-term interest rates has dropped to record lows, joining its European peers, in the latest sign that massive central bank stimulus has suppressed borrowing costs. The three-month U.S. dollar London Interbank Offered Rate hit a record low at around 0.21% on Tuesday and held near those levels in London trade on Wednesday.
U.S. Treasury yields held near their highest levels in four months on Wednesday on expectations that U.S. lawmakers will reach a new stimulus deal soon. The White House and Democrats in the U.S. Congress moved closer to agreement on a new coronavirus relief package on Tuesday as President Donald Trump said he was willing to accept a large aid bill.
China's credit-rating firms are doling out more triple-A bond ratings, a trend that has continued this year in spite of the coronavirus pandemic and greater borrowing by companies in the world's second-largest economy. As of mid-October, more than 18.3 trillion yuan, equivalent to $2.7 trillion, in outstanding yuan-denominated bonds issued by companies and financial institutions in mainland China had the highest possible rating from the country's credit raters,...
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