Morning Bid: Some payback, but bonds hug gains on oil reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
World markets are trying to calibrate last week's steep rally in stocks and bonds - tempering some of the overcaffeinated rate cut hopes that emerged but sustaining the bulk of the gains and lapping up a fresh oil price slide. With Federal Reserve officials unlikely to commit either way yet, as they devour more data on the unfolding fourth quarter, investors now look to three days of Treasury debt sales to gauge whether October's bond rout was an anomaly rather a new trend. The Treasury sells $112 billion of new notes and bonds this week, starting with $48 billion of 3-year notes later on Tuesday - before new benchmark 10-year and 30-year tenors hit the Street on Wednesday and Thursday.
A look at the day ahead in U.S. and global markets from Mike
Dolan World markets are trying to calibrate last week s steep rally in
stocks and bonds - tempering some of.