* China agriculture delegation scraps U.S. farm visit to Montana. * MSCI world equity index slips. * Central bank easing helps risk sentiment but trade tensions hurt. * Treasury yields fall; dollar falls vs yen. * Oil prices edge higher. By Saqib Iqbal Ahmed.
A sharp rally in the bonds of three distressed companies-- McDermott International Inc. (MDR), California Resources
Corp. (CRC) and PG&E Corp.-- dominated trading in the corporate bond market Friday. The surge marks a rebound after earlier selloffs in the debt, showing how volatile trading in riskier bonds has become amid investor uncertainty about geopolitics, interest rates and economic growth. McDermott's 10.625% bond due 2024 more than doubled in price today and was the most actively...
The Canadian dollar edged lower
against its U.S. counterpart on Friday as domestic data showing
the first retail sales gain in three months failed to impress
investors.
Market gains have been driven by macro factors, putting stocks on shaky ground. "I don't like losses, sport. Nothing ruins my day more than losses, "said Gordon Gekko.
The Fed lowered interest rates by a quarter point this week. Treasury yields fell on Friday after a China delegation cut their visit short to the U.S., underlining the potential for trade tensions to flare up again. For the week, yields tumbled as the Federal Reserve cut rates and handled a surge in overnight borrowing rates.
* China agriculture delegation scraps U.S. farm visit to Montana. * MSCI world equity index slips. * Central bank easing helps risk sentiment but trade tensions hurt. * Treasury yields fall; dollar slips vs yen. * Oil prices edge higher. By Saqib Iqbal Ahmed.
U.S. Treasury yields fell on
Friday after a Chinese delegation canceled planned visits to
U.S. farms, raising concerns that the United States and China
are unlikely to forge a trade deal in the near ...
A sharp rally in the bonds of three distressed companies-- McDermott International Inc. (MDR), California Resources
Corp. (CRC) and PG&E Corp.-- dominated trading in the corporate bond market Friday. The surge marks a rebound after earlier selloffs in the debt, showing how volatile trading in riskier bonds has become amid investor uncertainty about geopolitics, interest rates and economic growth. McDermott's 10.625% bond due 2024 more than doubled in price today and was the most actively...
Argentine bond prices rose and risk spreads tightened on Friday after the government submitted a debt renegotiation framework bill to Congress the night before, lending some clarity to how the country will respond to its latest financial crisis.
Bond yields climb when prices fall. Government Bonds Steady After Fed Moves to Stabilize Markets, "at 12:38 ET and 16:07 ET on Thursday," incorrectly said yields climb when prices increase, in the third paragraph. (END) Dow Jones Newswires 09-20-19 1145 ET Copyright (c) 2019 Dow Jones& Company, Inc..
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