With trading resuming following the Thanksgiving Day holiday, treasuries moved to the upside on Friday after ending Wednesday’s trading nearly unchanged.
Bond prices moved steadily higher over the course of the shortened trading session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 3.6 basis points to 0.842 percent.
Treasuries may have benefitted from uncertainty about a coronavirus vaccine, as some questions have been raised about the efficacy of the vaccine being developed by Oxford University and AstraZeneca.
Some experts have said the concerns could affect the chances of the vaccine getting speedy U.S. and EU regulatory approval.
AstraZeneca Pascal Soriot told Bloomberg the British pharmaceutical giant is likely to run a new global trial of the vaccine candidate.
Nonetheless, overall trading activity was subdued, as many traders remained away from their desks following the holiday.
A lack of major U.S. economic data also kept traders on the sidelines ahead of the monthly jobs report due next week along with reports on manufacturing and service sector activity.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.