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The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.Perplexing moves by US treasuries in response to economic news "suggest a shift in bond investors' focus from what monetary policymakers may do, to rising alarm about what fiscal policymakers are doing."
The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise.
Both have edged back in recent days, due mainly to elevated geopolitical risk, analysts say, although yields remain high.
The Canadian dollar weakened to a six-day low against its broadly stronger U.S. counterpart on Thursday as bond yields jumped after hotter-than-expected U.S. inflation data. The loonie... -October 12, 2023 at 03:22 pm EDT - MarketScreener
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Loonie at 73.05 U.S. cents