Benchmark 10-year U.S.
Treasury yields on Friday eased from 16-year highs reached after
more hawkish Federal Reserve rate guidance earlier this week,
with investors now waiting on key economic releases for further
clues on rate moves.
Yields had jumped after the Fed on Wednesday forecast fewer
rate cuts in 2024 than it previously expected and said it may
hike rates one more time this year as it battles to brin
The Canadian dollar edged
lower against its U.S. counterpart on Friday but held on to a
weekly gain, as higher oil prices and the prospect of additional
Bank of Canada interest rate hikes offset preliminary data
showing that retail sales fell in August.