U.S. government bond yields posted their largest weekly gain since August, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election. The yield on the benchmark 10- year Treasury note reached as high as 0.87% in early trading Friday before settling at 0.84%, according to Tradeweb-- down slightly from 0.847% on Thursday. It had previously climbed for six straight sessions, reaching its highest level since early June.
The Canadian dollar edged lower
against its U.S. counterpart on Friday as oil prices fell and
investors weighed prospects for a U.S. coronavirus relief
package, with the loonie giving back some of ...
U.S. government bond yields were on track to end the week near multimonth highs, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election. The 10- year yield, which reached as high as roughly 0.87% in early trading, has climbed for six straight sessions, buoyed by investors' expectations that the economy is rebounding and lawmakers will eventually reach a deal to help individuals and companies weather the pandemic...
Central banks were among the biggest buyers of European common debt this week, signaling growing trust that the euro will hold its own through the pandemic. The European Commission-- the European Union's executive arm-- issued its first wave of common debt to finance its coronavirus-relief programs Tuesday. It raised EUR17 billion, equivalent to $20 billion, from the sale of 10- year and 20- year bonds.
* Dow Jones Industrial Average up 0.2%; S&P 500 up 0.4% * U.S. Treasury yields hit 4-month highs. * European stocks boosted by strong Q3 earnings. * Britain, EU meet for Brexit talks. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Matt Scuffham.
Benchmark U.S. Treasury yields
rose hit four-month highs on Friday and the yield curve
steepened on hopes that U.S. lawmakers are close to striking a
deal on new fiscal stimulus.
The Canadian dollar edged higher
against its U.S. counterpart on Friday, as investors welcomed
signs of progress on a U.S. coronavirus relief package and some
domestic economic indicators were ...
* IHS Markit's flash Composite Purchasing Managers' Index at 49.4. * Peripheral yields lower across the board. * ECB expected to extend QE by year end. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Abhinav Ramnarayan and Stefano Rebaudo.
* Russian c.bank expected to hold rates. * Polish zloty extends losses into a third session. * MSCI EM stocks index to gain for a fourth straight week. * Sri Lankan bonds plunge on U.S. scrutiny over China. By Ambar Warrick.
* French business activity contracts as lockdowns bite. * Yields lower a basis point across the board. * ECB expected to extend QE by year end. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Abhinav Ramnarayan.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
