Markets traded with an upbeat tone on Tuesday - TDS
|Analysts at TD Securities explained that markets traded with an upbeat tone on Tuesday.
Key Quotes:
"US equities were posting their fourth consecutive advance (SPX: +0.4%) while Canadian stocks registered a 0.6% gain."
"Treasuries saw a 2bp selloff in the front-end as the curve bear-flattened while Canadian rates posted a small rally to outperform."
"The USD continues to trade on a mixed footing against G10 FX. USDJPY (+0.4%) ground higher over the course of the North American session, reflecting the more favorable risk environment, while GBP (+0.1%) and TRY (+0.6%) showed signs of stability amid political turbulence."
"CAD (-0.1%) saw little movement ahead of tomorrow's BoC meeting."
"Central bank decisions and developments from the NATO Summit are the main risk events for Wednesday."
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