U.S. long-dated Treasury yields
fell to two-week lows on Monday, after a report triggered fresh
doubts about a trade deal between the United States and China.
The Canadian dollar was little
changed against the greenback on Monday, pulling back from an
earlier 10-day high as global trade optimism faded and domestic
inflation data loomed later in the week ...
* China trims short-term interest rate, in surprise move. * World shares index less than 1% from record high. * Wall Street starting week at its own record high. * Markets look to Fed minutes, ECB Lagarde speech. * Pound pushes up as opinion polls favour Tories. * Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh. * By Marc Jones.
Treasury yields rose Monday amid reports that talks between U.S. and Chinese trade negotiators were making progress towards a phase one deal. The 10- year Treasury yield was up 2.1 basis points to 1.855%, while the 2- year note rate rose 1.7 basis points to 1.629%. The 30- year bond yield edged 1.9 basis points higher to 2.330%.
* Euro zone bond yields inch higher. * Trade war remains key focus. * DBRS maintains Italy credit rating. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Dhara Ranasinghe. Government bond yields in the euro area were just a touch higher on Monday as stock markets rallied, with caution over U.S.-China trade talks continuing to support fixed income markets.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. Government bond yields in the euro area were little changed on Monday, supported by caution over U.S.-China trade talks.
1/ NOT SO FAST How big a risk is a global economic recession? Cue "flash" PMIs due on Nov. 22 from Japan and the euro area; numbers widely regarded as a forward-looking indicator of economic health. October PMIs pointed to some stabilisation, raising expectations that hefty central bank easing had helped the global economy to bottom out.
Japanese government bond prices were slightly firmer in thin trade on Monday as investors awaited a positive outcome on progress between the U.S. and China to reach an agreement to end their trade war. Benchmark 10-year JGB futures rose 0.2 point to 153.25, with a trading volume of 11,299 lots, its lowest daily volume in 5-1/2 weeks.
World shares were within touching distance of a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.
Investors have short memories, and right now they are busy forgetting everything that supported the market over the summer. Just a few short months ago, there was a twin argument for why U.S. equities were so high: First, the S&P 500' s defensive stocks provided ballast. Second, there is no alternative to stocks with bond yields so low.
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