Loonie notches weekly gain of 0.2% Retail sales rise 0.9% in July Price of US oil increases 0.5% Bond yields rise across the curve TORONTO, Sept 20 – The Canadian dollar steadied against its U.S. counterpart on Friday as domestic data showed retail sales rising more than expected in July and despite the greenback notching … Read more
Bond yields fell as a big downward revision of US payrolls reinforced bets the Federal Reserve will cut rates in September. Treasuries rose across the curve, with the move led by shorter maturities. Swap traders are pricing in about 100 basis points worth of easing in 2024. The implied rate on the contracts show traders … Read more
European equities fell for the second straight day, touching a three-week low, as accelerating inflation in Germany lifted bond yields and reinforced belief that central banks across the developed world will not be able to ease policy as much as earlier expected. The Stoxx Europe 600 dropped 1% as of 1:35 p.m. in London, its … Read more