U.S. Treasury yields fell to their lowest levels in almost two weeks on Thursday, as data from the euro area stoked worries about a sharp slowdown in the global economy. Euro zone business growth has slowed significantly this month - and by much more than expected - as consumers concerned about soaring bills opted to stay at home and defer purchases to save money, a survey showed on Thursday.
Germany's five-year bond yield staged its biggest one-day drop since March 1 on Thursday as business activity data disappointed and Germany's decision to trigger the alarm stage of an emergency gas plan stoked global recession fears. Across the euro zone and the United States, bond yields slid.
Euro zone bond yields tumbled on Thursday after data showed French business activity slowed much more than expected in June, adding to global growth concerns.
The United Arab Emirates is in the market with a two-tranche U.S. dollar-denominated bond sale comprising a 10-year tranche and 30-year Formosa portion, a bank document showed on Thursday. Initial price guidance was around 125 basis points over U.S. Treasuries for the 10-year paper and around 200 bps over UST for the Formosa notes, the document from one of the banks on the deal showed.
Japanese government bond yields tracked U.S. Treasury peers lower on Thursday, even as a domestic auction for 20-year bonds drew relatively weak demand. The 20-year JGB yield slipped 4 basis points to 0.885%, after the auction received bids worth 3.38 times the amount available, lower than a bid-cover ratio of 3.77 at the previous auction.
The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession. The safe-have yen bounced, climbing back from 24-year lows to the dollar.
The U.S. dollar remained under pressure on Thursday as it looked set to extend declines against major peers to a fourth day, hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession.
Stocks in global markets rose on Thursday as U.S. Treasury yields fell to two-week lows, while copper was at 16-month lows as investors worried about a possible global economic slowdown.
The Canadian dollar weakened
against its U.S. counterpart on Wednesday as oil prices fell,
but the currency pared its decline as domestic inflation data
bolstered bets for a supersized interest rate ...
U.S. Treasury yields fell to
almost two-week lows on Wednesday as fears grew that the Federal
Reserve will cause a recession by aggressively tightening
monetary policy as it tackles soaring inflation.
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