Bonds & Stocks
Wall Street is ending a jittery week with stocks rising as bonds stabilized, with the revival of risk appetite extending a surge in cryptocurrencies. The S&P 500 rose 0.3%. The yield on 10-year Treasuries advanced one basis point to 4.72%.
Economy
After a turbulent stretch for the US bond market, traders are heading into Friday’s session with questions about what Treasury Secretary Scott Bessent’s next move will be.
World
Canadian Prime Minister Mark Carney is on the brink of a trade pact with the US. His next challenge will be convincing his country that swallowing some tariffs is worth the greater economic certainty that a deal would bring.