Bank of Canada Holds Steady Ahead of Possible July Taper yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Stocks hover near record highs, 10-year Treasury yield breaks 1.50%, meme trading continues, no surprises from BOC, bitcoin bounces
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US stocks continue to hover near record highs as investors pile back into Treasuries. The bond market is convinced inflation will be transitory and that the Fed won’t budge this year over its asset purchases. Tomorrow’s inflation data won’t change the Fed’s mind over inflation, but a hot reading could help put a tentative floor on Treasury yields. The 10-year Treasury yield is 4.4 basis points lower at 1.489%, extending declines after investors showed robust demand for the 10-year Treasury auction. If purchasing Treasuries remains the theme of Wall Street, the 10-year yield does not have much support until 1.40%.
New Zealand dollar slide continues - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.
Canadian dollar drifting - MarketPulse marketpulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketpulse.com Daily Mail and Mail on Sunday newspapers.