Expectations for a postelection surge in government spending powered the yield on the benchmark 10- year Treasury note to its biggest monthly gain in two years on Friday. The 10- year yield, a benchmark for borrowing costs on everything from mortgages to student loans, settled at 0.858%, notching its biggest monthly climb since Sept. 2018, according to Tradeweb. Some investors said expectations that postelection economic stimulus will spur growth and inflation, along with...
Longer-dated Treasury debt sold off on Friday afternoon, steepening the yield curve to the widest since June, as investors anticipated the deluge of supply that would come from a post-election stimulus package. Investors pulled money out of the U.S. stock market, on track for its worst week since March, on rising COVID cases and election jitters.
The Canadian dollar was little
changed against its broadly stronger U.S. counterpart on Friday
as data showed further recovery in Canada's economy, with the
currency steadying after a sharp ...
U.S. government yields climbed Friday, lifted toward monthly gains by expectations that government spending will boom after the election. The yield on the 10- year U.S. Treasury, a benchmark for borrowing costs on everything from mortgages to student debt, traded at a recent 0.853%, according to Tradeweb, up from 0.834% on Thursday.
The Treasury yield curve steepened slightly on Friday morning after positive U.S. economic data, but the move was muted as nerves about next week's election kept investors from making big bets.
The Canadian dollar strengthened
against its U.S. counterpart on Friday as data showed further
recovery in Canada's economy, but the currency was still headed
for one of its biggest weekly drops ...
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Olga Cotaga. Southern European government bond yields kept near recent lows on Friday as markets focused on stimulus the ECB will deliver in December, which overshadowed news that Spain became the latest European country to impose tougher rules to curb the spread of the coronavirus.
* Lira set to lose 7.9% in Oct. * MSCI EM stocks index gains in Oct, but outlook dull. * EU GDP awaited. By Ambar Warrick. Turkey's lira led losses across emerging markets in Europe, Middle East and Africa on Friday, and was set for its worst month since the 2018 crisis, weighed by rising coronavirus cases and uncertainty over the U.S. presidential election.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. European government bond yields rose on Friday as Spain joined other countries on the continent in imposing tougher rules to curb the spread of the coronavirus. Spain will be under a state of emergency until early May, giving regions legal backing to decide curfews and restrict travel to try and contain rampant COVID-19 contagion.
Yields on Japanese government bonds rose on Friday due to worries about a dip in investor demand after a weak auction of seven-year Treasuries in the previous session.
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