Bonds crash on stimulus-driven hopes

Bonds crash on stimulus-driven hopes

U.S. Treasuries were seen subdued on Thursday. This followed after investors’ sentiment was dampened by a report that President-elect Joe Biden will announce a stimulus package as massive as $2 trillion. Japanese shares, on the other hand, reached a three-decade high in anticipation that the global economy will soon recover.

The yield on benchmark 10-year U.S. Treasuries advanced 1.1105%, increasing with two basis points after CNN reported that Biden could release a 2-trillion worth of relief package. The estimate came larger than what investors expected, which will be covered by government borrowing.

Japan’s Nikkei recorded a 0.9% increase to hit its highest in three decades. MSCI’s broadest index of Asia-Pacific shares outside Japan performed just below its all-time high touched on Monday. Meanwhile, S&P 500 futures, FTSE futures, and EuroSTOXX 50 futures all jumped about 0.2%.

Risk disclaimer "TS Software Ltd – Trust Company Complex, Ajeltake Road, Majuro, Ajeltake Island, MH 96960, Marshall Islands is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of TS Software Ltd and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or TS Software Ltd." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?