Marketmind: A spooky Friday 13 for bonds?


Source: ca.finance.yahoo.com ca.finance.yahoo.com

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Traders work on the floor of the NYSE in New York A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. Investors in U.S. Treasuries have good reason to feel on edge on a day (Friday 13) many consider unlucky, according to Western superstition. After all, news on Thursday that U.S. consumer prices increased in September due to a surprise surge in rental costs sparked a fresh selloff in world bond markets with 30-year Treasury yields jumping by almost 20 basis points at one point. Such moves, alongside weak demand at auction of U.S. 30-year bonds...