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BMO Capital Upgrades The Toronto-Dominion Bank(TD.US) to Buy Rating, Maintains Target Price $62.36
National Bank on Canadian Banks' 2025 Outlook
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Traders reduce bets on interest rate cuts by the Bank of England, as the yield premium of UK bonds over German bonds reaches a several-decade high.
The yield premium of United Kingdom government bonds compared to German government bonds has risen to the highest level in decades, as traders have increasingly skeptical expectations about further easing policies from the Bank of England next year. The spread between 10-year yields in the United Kingdom and Germany has widened to 229 basis points, marking the largest closing gap since the initial weeks following German reunification in 1990, and exceeding the levels reached during the UK bond crisis two years ago. Data released on Tuesday showed that wage growth in the United Kingdom exceeded expectations, prompting traders to quickly reduce bets on further rate cuts by the Bank of England. The money market has fully absorbed the possibility of two rate cuts of 25 basis points in 2025.
Market Chatter: Canada Keeps Capital Levels Unchanged for Biggest Banks
Samanthaa : Always good buy on BMO