U.S. Treasury prices edged higher on Friday with volatility expected to return next week as a deep political crisis in Greece continues to stretch investors' nerves.
U.S. stock index futures slipped Friday, tracking shares in Europe, as concerns lingered over the euro zone debt crisis in what could otherwise be a light trading day ahead of the Memorial Day weekend.
Investors have little choice now but to cling to low-yielding U.S. government debt as European leaders ponder a messy Greek exit from the euro zone, Pimco's Bill Gross told CNBC.
Four years of economic crisis and market turmoil that have sent German bund yields to record lows now have half of the top bond strategists and economists polled by Reuters fearing a Japan-style "Lost Decade".
Any Greek exit from the euro zone would pose a huge disruption with unforeseeable consequences, European Central Bank policymaker Ewald Nowotny said on Thursday.
U.S. Treasurys prices drifted lower on Thursday after a well-received auction of seven-year notes and as traders prepared for an abbreviated session ahead of a long holiday weekend.
Joint bonds issued by the euro zone, also known as Eurobonds, are one of the possible solutions to Europe’s debt crisis, Joaquin Almunia, vice president of the European Commission told CNBC, “but many conditions would have to be met” before they were introduced.
U.S. stock index futures climbed after briefly cutting gains Thursday as investors sifted through a batch of mixed economic reports and amid ongoing worries over the euro zone.
Rio Tinto, the world's No.2 producer of iron ore, sees no signs of a slowdown in demand from top consumer China and still plans to almost double its output of the steel-making ingredient by 2016.
Fixed-income investors are once again looking sage-like, as the latest eruption in the EU crisis ravages equities. Two of these funds are up more than 7 percent.