Bond yields, which move inversely to bond prices, rose across the curve. Canada's two-year bond yield was at 1.029% Friday, from 1.019% late Thursday. The 10-year bond yielded 2.060%, from 2.004%.
Bonds are trying to resist the improving risk tone for the start of the year. The longer that this continues, the more leakage you'll have in the bond market,
The Federal Reserve's two-day meeting next week where members of the Federal Open Market Committee will provide their rate forecasts likely caused jitters in the market, as investors re-evaluate the odds of a third round of quantitative easing.
"I think the market was hoping for the members to provide a cohesive signal for lower-for-longer [rates] but they might not get it, For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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