U.S. equities ended higher on Friday and global bond markets weakened on Friday as investors bolstered the results of a Treasury Treasury auction and the crowd showed up as cash after weeks of volatile trading.
At the close of the market, the blue-chip S&P 500 index rose 1.7 percent, while the technology-focused Nasdaq Composite rose 1.2 percent against losses after lunch.
Yields on the ten-year U.S. note rose 0.04 percentage points to 1.67 percent as investors sold debt, the highest mark since Monday. The higher-yield move began late Thursday after the U.S. Treasury Department struggled to sell সাত 62 billion worth of seven-year securities.
“The weak seven-year auction is a timely reminder,” said ING analysts.
President Joe Biden’s massive stimulus plan raises expectations as investors remain wary of the risk of inflation holding government bonds The US economy It will be hot.
Blake Guin, head of U.S. rate strategy at NatWest Markets, said the auction was “not a good sign for demand”, but compared it to the “crash” of the previous seven-year auction in February, which raised health concerns. T 21tn US government bond market, it was a “relief” for investors.
Ian Lingzen, head of U.S. rate strategy at BMO Capital Markets, described the claim as “undisclosed but not alarming,” adding that the sale provided little evidence of “an unspecified vote of no-confidence or sponsorship for the Treasury.
According to a Bank of America study based on EPFR data, traders paid in 45 45.6 billion in cash funds weekly from Wednesday, the largest flow since April last year. The report also showed মধ্যে 1.6 billion in Treasury inflation-protected securities, the third-largest inflow on record, with investors continuing to position high prices in the United States.
European government bonds have weakened, yields on 10-year securities in Germany and the UK have risen by about 0.03 percentage points.
The stock has climbed elsewhere on the continent. Across the region, the Stokex Europe 600 was up 0.9 percent and the UK FTSE 100 was up one percent.
“I think the interesting thing about Europe is the difference between the equity market and health issues,” said Sebastian McKay, multiple resource fund manager at Invesco. .
“We’re probably in a cyclical upswing for equities,” McKay said. “This upswing has been in anticipation of the reopening of the global economy, but valuations have already expanded considerably.”
Oil markets remain stagnant as attempts are made Unlock the Suez Canal And global trade routes continue to face difficulties in recovering.
Paula Rodriguez-Masiu, a senior oil market analyst at Ristad Energy, said traders took the idea that the canal dam was “becoming more important than ever before for oil flow and supply.”
By international standards, Brent crude rose 4.2 percent to 4.49 a barrel, while West Texas Intermediate rose. 0.99 a barrel in the United States.