All eyes on Fed as top monetary policy makers attend high-profile symposium. The bond market sent a warning, and this time the stock market listened. Investors will be looking for clues in the week ahead that policy makers are listening, too.
Wall Street's most widely watched gauge of the yield curve's slope, the spread between the 2- year Treasury note yield and the 10- year inverted Wednesday morning, flashing the clearest signal to date that the U.S. is set to face an economic recession, but that doesn't have to mean doom and gloom for stock investors. The U.S. 2- year Treasury note yield briefly traded above the 10- year Treasury note yield for the first time in over a decade. The so-called inversion of the main measure of...
Repo rates edging up with debt deluge on horizon. There may be some limitations to the U.S. government's borrowing, after all. An anticipated surge of U.S. borrowing in the global debt markets in the second half of this year is starting to create concern as the Treasury is expected to ramp up its issuance of bills, notes and bonds to fund a soaring $1 trillion budget deficit.
The Dow Jones Industrial Average bounced back from Wednesday's 800- point selloff with two consecutive sessions of gains and a modest weekly loss. But investors' lingering fears about a potential recession remain unresolved. Positive developments around trade and reassurances of extra stimulus from central bankers buoyed markets Friday.
U.S. government bond prices fell Friday as investors eyed how policy makers around the world are approaching signs of slowing growth. The yield on the benchmark 10- year note rose, settling at 1.540% from 1.534% Thursday. The 30- year Treasury yield was at 2.001%, up from its record low of 1.985%.
* Canadian dollar trades 0.4% higher against the greenback. * For the week, the loonie was down 0.3% * U.S. oil prices increase 0.7% * Bond prices move lower across the yield curve. By Levent Uslu. The Canadian dollar strengthened against its U.S. counterpart on Friday, with the currency rebounding from an eight-day low it hit the previous session as investor appetite for risk increased.
Treasury yields were little changed on Friday, keeping their weeklong decline intact, as geopolitical worries, fears about global growth and concerns over trade helped draw money into haven assets like government paper. The 10- year Treasury note yield was up 0.7 basis point to 1.540%, trimming its weekly drop to 19.1 basis points. The 2- year note rate fell 2.1 basis points to 1.479%, its lowest level since October 2017, extending its weekly slump to 14.9 basis points.
By Corrie Driebusch and Avantika Chilkoti. U.S. stocks climbed for a second consecutive session Friday but notched modest weekly losses as investors continue to parse signs of slowing economic growth. Positive developments around trade and reassurances of extra stimulus from central bankers buoyed markets, which were rattled earlier this week after weak data out of Germany and China exacerbated fears of a potential recession.
By Corrie Driebusch and Avantika Chilkoti. U.S. stocks climbed for a second consecutive session Friday but remain on track for modest weekly losses as investors continue to parse signs of slowing economic growth. Positive developments around trade and reassurances of extra stimulus from central bakers buoyed markets, which were rattled earlier this week after weak data out of Germany and China exacerbated fears of a potential recession.
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