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Market Chatter: Canadian Drug Maker Apotex Hires Banks to Prepare for IPO
RBC Hires Morgan Stanley Advisors With $1.4 Billion in Assets -- Barrons.com
2 Canadian Dividend Stocks to Buy on a Pullback
United Kingdom government bonds fell as the market digested the Labour government's debt issuance plan far beyond expectations.
United kingdom bonds fell, the new government's record-high bond issuance and fiscal stimulus plan may mean that interest rates will remain at higher levels for longer, causing investors to have doubts. The two-year government bond yield surged by 10 basis points, traders reduced bets on the extent of rate cuts by the Bank of England, and forward contracts now tend to bet on only one more rate cut this year, by 25 basis points. The UK Debt Management Office (DMO) said on Wednesday that the UK plans to issue 297 billion British pounds of UK bonds in the 2024-25 fiscal year. Sixteen bond traders surveyed by Bloomberg estimated 293 billion British pounds. "This doesn't look particularly good,"
Hedge funds are turning their attention to new yuan options as a bet on the US election trade.
The Singapore dollar has become a popular trade for options investors in the US presidential election. The premium for buying 1-month call options relative to put options has reached its highest level since May 2023. When the US dollar rises against the yuan, the value of these call options will increase. According to data from the Depository Trust & Clearing Corporation, as of the end of this week, trades in this currency amounting to nearly or exceeding $0.1 billion are for call options, with the longest expiry date being January 22. Most central banks adjust interest rates through
Macklem Says Bank of Canada Will Have to 'Discover' Neutral Rate
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