Stocks on Wall Street slipped ahead of the start of an earnings season that arrives with equities at record highs, and as House Democrats introduced an article of impeachment against President Donald Trump. — Reuters pic
Longer-term Treasury yields were at their highest since March before new long-dated supply coming this week and on speculation of more US fiscal stimulus as Democrats will have control of Congress and the White House. The spread between the 2-year and 10-year Treasury yield brushed against 100 basis points to hit its steepest since July 2017.
The Japanese yen weakened 0.24 per cent versus the greenback at 104.20 per dollar, while Sterling was last trading at US$1.3516, down 0.35 per cent on the day.
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