Bonds

Americas

U.S. Treasury Two-Year Notes Gain as Unemployment Rate Tops 10% in October Treasury two-year note yields touched the lowest since May after the U.S. unemployment rate rose to a 26-year high of 10.2 percent and the Federal Reserve said it will keep rates at record lows for an “extended period.”

PennyMac Falls After Surprise Loss on Slow Acquisitions of Home Mortgages PennyMac Mortgage Investment Trust, headed by former Countrywide Financial Corp. President Stanford Kurland, fell the most since it began trading in July following an unexpected loss.

U.S. Bond Yield `Cloud' May Signal Stock-Market Drop: Technical Analysis Global stocks may be headed for a “correction” as an increase in U.S. 10-year yields prompts a reduction of carry trades, according to Citigroup Inc.

Europe

German Government Bonds Drop as ECB Signals Eventual Removal of Stimulus German government bonds posted a weekly decline, the fourth in five weeks, as policy makers began preparing the ground for ending measures designed to revive economic growth.

Gilt Yield Spread Widens to 300 Basis Points, the Most Since at Least 1992 The difference in yield between two- and 10-year gilts widened to the most since at least 1992.

`QE Shadow' Weighing on Gilt Market May Persist, Nomura International Says Gilts may struggle to outperform after the Bank of England extended its so-called quantitative- easing program yesterday by 25 billion pounds ($42 billion), according to Nomura International Plc.

TeliaSonera, Virgin Media Lead 4 Billion Euros of Bond Sales in Europe Corporate bond sales in Europe dropped 62 percent to 4 billion euros ($6 billion) this week amid dwindling demand from borrowers that have already met their financing needs for the year.

Asia

Japan's 10-Year Bonds Complete 5-Week Loss on Signs of Economic Recovery Japan’s 10-year government bonds completed a five-week decline, the longest stretch of losses in more than a year, on speculation signs of a global economic recovery will spur demand for riskier assets.

Poland Prices 44.8 Billion Yen Sale of Three-Year, Five-Year Samurai Bonds The Republic of Poland priced a 44.8 billion yen ($494 million) sale of three-year and five-year Samurai bonds.

G-20 Members Will Seek Asian Currency Gains to Solve Imbalances, UBS Says The Group of 20 finance chiefs will likely push for Asian nations to allow their currencies to appreciate when they meet in Scotland this weekend, according to UBS AG, the world’s second-largest foreign-exchange trader.

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