* Shares up as virus deaths slow in New York, Italy, France. * Oil prices resume slide as Russia-Saudi Arabia delay meeting. * Yen drops as Japan readies for state of emergency. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Rodrigo Campos and Marc Jones.
Argentine bond prices popped higher and country risk spreads tightened on Monday after the government announced a planned moratorium on local debt payments to ease what it has called an unsustainable financial burden. Over the counter government bonds rose 1.2% and the Merval stock index rose 3.5% after losing 30% in March.
U.S. Treasury yields rose on Monday as
stocks opened strong on hopes that the coronavirus health crisis
may be slowing down in some parts of the United States.
The Canadian dollar
strengthened against its U.S. counterpart on Monday as signs of
a slowdown in coronavirus-related deaths bolstered investors
sentiment, offsetting lower oil prices.
$40 billion of 3- year note will go for auction at 1 p.m. Treasury yields rose sharply on Monday as a global rally in risk assets drew demand away from government paper on hopes that the spread of the COVID-19 disease was beginning to slow in the U.S. and Europe. Investors will see a holiday-shortened week in observance of the Good Friday holiday.
* German 10-year Bund yield rises to -0.39% * Coronavirus headlines dominate. * Eurogroup meeting in focus. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Dhara Ranasinghe.
* European shares jump as virus deaths slow in Italy and France. * Oil prices fall after Russia-Saudi Arabia delay meeting. * Yen drops as Japan readies for state of emergency. * British pound steadies as PM Johnson stays in hospital. * World FX rates in 2020 http://tmsnrt.rs/2egbfVh. By Marc Jones.
Key parts of the U.S. debt markets are functioning again, a sign the Federal Reserve's extraordinary steps are easing a credit market crunch. Investors say the Fed has reduced disruptions in the $17 trillion U.S. Treasurys market that had sent shock waves through the financial system.
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