Financial markets
Market analysts attribute the decline in Canadian and US bond prices, leading to a negative impact on the stock markets in New York and Toronto. The New York Dow Jones industrial average fell 12.61 points to 3,755.91, while the Toronto Stock Exchange composite index closed off 16.
Financial markets
The Canadian bond market showed signs of improvement as prices rose for the second day in a row, attributed to a strengthening Canadian dollar and improving market sentiment. Traders pushed prices 25 to 70 cents higher, with some bonds increasing by as much as 60 cents. The 8-per-cent Canada bond
Financial markets
The Canadian bond market had a tranquil session on May 18, 1994, with bond prices showing minimal movement and few significant gains or losses. In contrast, the market had been marked by significant price increases the previous day, with some bond prices rising as high as $1.90. Yesterday'
Financial markets
The recent Ontario budget and the decision of Standard & Poor's Corp. to maintain the province's credit rating have led to a shift in sentiment among investors, causing Canadian bonds and treasury bills to rally. This, combined with the dollar's gain in value, has
Financial markets
The US dollar plummeted to a postwar low against the Japanese yen, only to be rescued by the Federal Reserve's intervention, which managed to stem the decline but not entirely reverse it. The dollar's weakness had far-reaching consequences, with US government bonds experiencing their second consecutive
Financial markets
Investors on both sides of the border watched in awe as US inflation concerns sent shockwaves through the global financial markets, causing a widespread sell-off in stocks. The US bond market took a hit, losing a whopping 1.74 points, which set the stage for the subsequent decline in stocks.
Financial markets
The Australian dollar witnessed a significant surge in value against the yen after breaking through a key resistance level, regaining 0.5 US cents in the process. This upward momentum is attributed to European and Asian investor interest in the local long bond market. The Australian dollar's strength
Financial markets
The first quarter of 1994 was marked by poor performance for most mutual fund groups, with sector funds being the only standout with a short-term growth of 4.73 per cent. Canadian bond funds, balanced funds, and mortgage funds were the hardest hit, with average losses of 5.06 per
Financial markets
Rising interest rates and sharp price fluctuations have created the most volatile bond markets in at least a decade, prompting investment dealers to reconsider their capital reserves for bond trading. The Investment Dealers Association has warned its members that they might have to increase the amount of capital on hand
Financial markets
Capital-stable funds, which had made a killing in the bond market during the past three years, are likely to report a negative quarterly return for the first time in nearly two years. The heavy sell-off in the bond market and a slump in the sharemarket mean many funds will report
Bonds (Securities)
Australian top corporations and financial institutions are optimistic about short-term economic growth, despite market fears about inflation and rising interest rates. According to a survey of 83 of Australia's largest corporations by market capitalisation, corporate treasurers, economists, and chief executives expressed confidence that economic growth would not increase
Financial markets
The Australian dollar suffered a downturn yesterday due to a lacklustre market and mixed economic data. Despite attempts by New Zealand dealers to profit from its low point, the dollar managed to resist and recover to some extent due to a rally in Commonwealth long bonds. The dollar closed at
