November 5, 2024
United States:
Treasuries Slip on Election Day as Volatility Hits One-Year High
US Treasuries fell and a gauge of bond volatility rose to the highest in a year as traders counted down to a presidential election that remains too close to call.
The yield on 10-year Treasuries rose as much as four basis points to 4.32%, nearing a three-month high, with strategists and investors warning of outsized market swings on the results of the vote.
United Kingdom:
UK Bonds Fall, Auction Falters on Budget and US Election Risks
UK bonds fell and a sale of new debt attracted the weakest demand in almost a year on Tuesday, in a sign of lingering investor anxiety over last week’s fiscally expansive budget and the US presidential election.
The yield on 10-year gilts rose five basis points to 4.51%, nearing the one-year high reached last week and surpassing moves in US and European peers.
China Services Growth Picks Up More Than Expected After Stimulus
China’s service activity expanded at the fastest pace since July, a private survey showed, a sign that consumer demand may be on the mend after Beijing moved to shore up growth with a barrage of stimulus measures.
The Caixen China services purchasing managers’ index rose to 52 in October from 50.3 the previous month, the biggest jump since March last year, Caixin and S&P Global said Tuesday. The pace of expansion exceeded a median forecast of 50.5 by economists.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.