The TTX has fard reseaonably well in the environmnet up nearly 1.98 percent , mostly in the materials and energy sectors. Gold stock prices have led the way down as gold prices have fallen $ 85 from their highs. The Canadian dollar also softened , as government bond markets are the beneficiary o f a fligh tin quality . Government of Canada 10 year bonds have slipped to over 4 % , narrowing the spreads a bit from 5.3 ^ U.S. Treasure yields.
While growth slowed in Canada and steadied in the United States a rebound is in the cards. The bank of Canada is likely to remain on the side lines as the respected pundit Max Labovitch noted. “Dodge will not raise the exchange rates until fall when the snowbirds return”.   The federal reserve on the other hand , may well attempt to settle nervous jitters  in the U.S. housing and mortgage financial markets later this year. On balance a a recovery is underway in stocks and more realistic spreads are priced in the markets. Risk takers are not a sanguine bunch about potential risks and risk factors , especially in emerging market stocks and bonds as well as some lower end priced mortgage backed securities.
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