U.S. Treasury yields rose from
two-week lows on Friday as investors weighed the likelihood that
the Federal Reserve will spark an economic downturn as it
aggressively hikes interest rates in a bid to stem soaring
Yields have dropped from more than decade highs reached
before last week’s Fed meeting, when the U.S. central bank hiked
rates by 75 basis points, the biggest i
Two Federal Reserve presidents sold or
plan to sell securities following an ethics scandal last year
around the investment activities of two fellow central bankers
that led to strict new limits on policymakers' securities
portfolios, financial disclosures published Friday show.
The Canadian dollar strengthened against the greenback on
Friday, and the yield on benchmark government debt climbed.
The loonie was trading 0.6% higher at C$1.2919 to the
greenback, or 77.41 U.S. cents, after trading in a range of
1.2901 to 1.3006.
Canadian government 10-year bond yields rose 1.1
basis points to 3.313%. The yield on similar U.S. government
benchmark debt rose to 3.1264%.
U.S. August crude futures rose $3.35 to settle at $107.62
a barrel on Friday.