Treasury yields ticked higher on Thursday as traders looked through a raft of U.S. economic data that provided a snapshot of the depths of the recession resulting from the coronavirus pandemic. The 10- year Treasury note yield rose 1.3 basis points to 0.690%, while the 2- year note rate was virtually unchanged at 0.180%. The 30- year bond yield climbed 3.1 basis points to 1.464%.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. Euro zone bond yields were relatively stable in early Thursday trade, with Italian yields holding near eight-week lows as optimism derived from the European Commission's recovery fund proposal continued to drive the market.
* KOSPI falls, foreigners net buyers. * Korean won weakens versus U.S. dollar. * South Korea benchmark bond yield falls. * For the midday report, please click. Round-up of South Korean financial markets: ** South Korean shares edged lower on Thursday, after investors' sentiment dampened on escalating U.S.-China tensions over Hong Kong and a grim economic outlook by the Bank of Korea.
The Canadian dollar strengthened
against the greenback on Wednesday to its highest level in about
two-and-a-half months as rising risk appetite helped to offset a
pullback in oil prices.
Treasury yields slipped Wednesday after a Federal Reserve official talked up the possibility of implementing yield-curve control measures in the U.S. The 10- year Treasury note yield fell 2 basis points to 0.677%. The 2- year note rate edged 0.4 basis points up to 0.182%.
U.S. Treasury yields fell on
Wednesday but held in their recent tight range, while the
Treasury sold a record amount of five-year notes to relatively
light demand.
Dow Industrials Climb as Optimism Builds. The Dow Jones Industrial Average climbed on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery. Fed's Williams: Economy May Be Bottoming As Fed Weighs Yield-Curve Control.
Corporate bonds have never been so popular. Are they a safer investment than they used to be in a downturn, or just riding a wave of central-bank and index-fund money? U.S. companies have issued a record $1.2 trillion worth of bonds this year, according to Dealogic--a 78% increase relative to the comparable period of 2019. Even companies in the aviation industry like plane maker Boeing, which are expected to face years of depressed demand, have found buyers.
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