Emerging-Market Stocks Ganed for a Fifth Straight Week, The Longest Winning Streak

11 November 2019

Research

Emerging-Market Stocks Ganed for a Fifth Straight Week, The Longest Winning Streak since July, While Currencies Halted a Five-Week Advance Amid Muddied Trade Messages. Developing-Nation Assets Rose Early in The Week As Both The U.S. and China said they had agreed to roll back tariffs in phases, but the mood soured on Friday after president Donald Trump Said the U.S. Has`T agreed to do so. (Bloomberg) U.S. Treasuries Reversed Losses After Donald Trump downplayed the amount of progress made in trade negotiations with China, say he hasn`t agreed to roll back all tariffs. Bonds reached session highs on a burst of volume following trump’s remarks, driving yields on 10-year notes as low as 1.89% from around 1.92% when he spoke. Yields dropped across the curve Friday. Even still, the treasury market is poised for the biggest weekly sell-off in about a month. For the week, the 10-year rate is up to 19 base points, spurred by optimism about the trade talks. (Bloomberg) Japan’s Benchmark Bond Yields May Climb to Zero Should the Global Debt Sell-Off Intensify, but they`d be unliced ​​to stay positive for too long. Having been hostage to moving in overseas markets over the past few weeks, local yields will probably fall back under the weight of the bank of Japan’s negative interest-rate policy. Benchmark 10-Year JGB Yields Jumped the most in six years last week to -0.065%, as growing optimism over a partial u.s.- China trade deal diminished the Appeal of havens. (Bloomberg) Source: Danareksa Securities Debt Research Photo by Markus-Spiske in Unsplash