* Companies issue most convertible bonds since 2007. * Hedge funds make up smaller proportion of convertibles market. * Market could grow by $80-100 billion this year. By Elizabeth Howcroft and Abhinav Ramnarayan. The volume of convertible bond sales has reached its highest levels since 2007 this year as companies rush to raise cash to see them through the economic impact of COVID-19.
The euro could rise towards $1.20 over the next six months and peripheral bond yields spreads in the euro area could narrow further still if the European Union can reach agreement on a recovery fund, Citi Private Bank's Jeffrey Sacks said on Friday.
The Canadian dollar was little
changed against its U.S. counterpart on Friday, holding on to
this week's rally as it kept to a narrow trading range with U.S.
* Shanghai shares hit 5-year high on service sector recovery. * U.S. payrolls jump 4.8 mln but hurdles lie ahead. * European markets see subdued end to week. * Copper on best weekly run in nearly three years. * Rising U.S. COVID-19 cases threaten U.S. recovery. * Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh. * By Marc Jones.
* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. Bunds were set to close their worst week in a month on Friday but analysts expect pressure to abate given uncertainty around the spread of the coronavirus and central bank support.
Japanese government bond prices rose on Friday as a spike in new coronavirus cases increased the appeal of the safe-haven debt. Benchmark 10-year JGB futures added 0.2 point to 151.96, with a trading volume of 18,936 lots, while the 10-year JGB yield fell 2 basis points to 0.020%. Coronavirus cases have been rising sharply in Tokyo, partly due to increased testing among nightlife workers.
World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging coronavirus nerves at bay.
World shares stalled near a four-month high on Friday and the industrial bellwether metal copper scuffed its longest weekly winning streak in nearly three years, as nagging coronavirus nerves tempered the recent recovery run.
U.S. government bond yields reversed an early climb and closed lower Thursday, with investors weighing persistent worries about the economic outlook against a better-than-expected monthly jobs report. The yield on the 10- year Treasury note, a key benchmark for borrowing costs on everything from mortgages to student loans, climbed above 0.71% in the wake of Thursday morning's data, according to Tradeweb. But it then retraced the move, settling at 0.670%, compared with 0.682% on...
The Canadian dollar edged higher
against its U.S. counterpart on Thursday as domestic data
showing a narrower-than-expected trade deficit supported hopes
of economic recovery, with the loonie adding ...
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