Citibank says stocks have 90% chance of gains over next 12 month based on key valuation measure. With few obvious catalysts for U.S. stocks to add to their record-breaking ascent of the past year, some investors have looked to the bond-market for reassurance. Such optimists have pointed out that the ultra-low level of U.S.
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Corporate bond prices pushed higher Friday, extending a rally that has spurred a wave of issuance by companies of all kinds. New bond sales by U.S. high-yield and investment-grade companies are on track for one of their biggest Januarys in years.
Corporate bond prices pushed higher Friday, extending a rally that has spurred a wave of issuance by companies of all kinds. New bond sales by U.S. high-yield and investment-grade companies are on track for one of their biggest Januarys in years. Bond issuance is typically heavy at the start of the year, when corporations rush the market to raise as much of their annual financing targets as possible, but the wave of deals this year is unusually heavy, according to data from Dealogic.
U.S. Treasury prices advanced
on Friday, pushing yields lower for a fourth straight session,
as news of the latest coronavirus spreading outside China
continued to undermine risk appetite and spur ...
Eurozone manufacturing PMI turns higher in January. Treasury yields slumped on Friday after another case of the coronavirus was reported in the U.S., raising worries that the pathogen from China may have a bigger impact on travel and trade than initially thought. The 10- year Treasury note yield slipped 5.9 basis points to 1.680%, its lowest since Oct. 10, contributing a 15 basis point decline this week.
Corporate bond prices pushed higher Friday, extending a rally that has spurred a wave of issuance by companies of all kinds. New bond sales by U.S. high-yield and investment-grade companies are on track for one of their biggest Januarys in years. Bond issuance is typically heavy at the start of the year, when corporations rush the market to raise as much of their annual financing targets as possible, but the wave of deals this year is unusually heavy, according to data from Dealogic.
U.S. Treasury prices advanced
on Friday, pushing yields lower for a fourth straight session,
as the uncertainty surrounding the latest coronavirus from China
continued to undermine risk appetite and ...
The Canadian dollar edged lower
against its U.S. counterpart on Thursday, lingering close to the
one-month low hit in the previous session, as the coronavirus
outbreak weighed on oil prices.
* Euro zone bond yields fall. * German PMI rises, euro zone weak but shows positive signs. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Dhara Ranasinghe and Yoruk Bahceli. Euro zone bond yields held at multi-week lows on Friday, brushing aside positive business activity data as additional cases of coronavirus sparked concern.
* EM stocks, FX indexes to log first weekly fall in eight. * WHO says virus outbreak a China emergency, not global. * Russian rouble firms on tax payment support. By Shreyashi Sanyal.
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