Stocks have staged a furious rally since bottoming in late March, but bonds are still winning the race for returns this year. Despite a 47% rise since March 23, the S&P 500 is up just 2.1% in 2020. The Dow Jones Industrial Average is down 4.8% and the Russell 2000 index of small-capitalization stocks is off 12%. Only the Nasdaq Composite has managed a meaningful increase this year, up 22%, because of a surge in a handful of big technology stocks.
U.S. Treasury yields moved off earlier
lows on Friday in the wake of an upbeat report on U.S. durable
goods, while stocks shook off a weaker start to turn higher.
The Commerce Department said ...
* Dollar index to post strongest week since April. * Oil heading for weekly drop on virus-linked demand concerns. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos.
U.S. Treasury yields edged lower on
Friday in the wake of an upbeat report on U.S. durable goods,
while equities were choppy in early trading, alternating between
gains and losses.
The Commerce ...
The Canadian dollar weakened
against its U.S. counterpart on Friday as oil prices fell and
the risk of another economic hit from the coronavirus pandemic
crimped risk appetite, with the loonie set to ...
* Dollar having best week since start of April. * Italy's bond market borrowing costs near record low. * Yuan climbs after China govt bonds go into global WGBI index. * End of quarter looming, Q4 to be action-packed. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Marc Jones.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Yoruk Bahceli. Safe-haven German bond yields edged lower on Friday as fears of further coronavirus restrictions weighed on the region's financial markets. Stock markets fell on Friday, with the pan-European STOXX 600 index set for its worst weekly showing in three months.
* Dollar having best week since start of April. * Italy's bond market borrowing costs near record low. * Yuan climbs after China govt bonds go into global WGBI index. * End of quarter looming, Q4 to be action packed. * Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Marc Jones.
* China joins FTSE Russell's main bonds index. * Russia, Vietnam on FTSE Russell review for upgrade. * MSCI EM stocks, FX indexes set for worst week since March. By Medha Singh. Turkey's lira firmed about 1% for the second day on Friday while a broader emerging market currencies index looked set to snap a four-day losing streak as the dollar retreated.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. Safe-haven German bond yields ticked up in early Friday trade as stimulus hopes in the United States supported global markets.
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