Treasury Rally Risks Running Into a $125 Billion Brick Wall
Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
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Bond traders welcomed their first clear sign of a cooling US labor market, but it’s only a part of what’s needed to fire up the truly sweeping rally they’ve been hoping for all year.
Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.
It’s an oft-told anecdote littering social media: Those who invested early in cryptocurrencies have enjoyed life-changing wealth.
Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.
Households making under $10,000 per year experience double the exposure to pollution compared to households making more than $150,000.
Sep 5, 2019
Bloomberg News
,Toronto home sales and prices rose in August as demand continues to outstrip supply.
Sales in Toronto jumped 13 per cent to 7,711 from the same period last year, the Toronto Real Estate Board said in a report Thursday. That was largely driven by a boost in detached-home sales, which soared 21 per cent over last year. On a seasonally adjusted basis, total sales rose 0.8 per cent from July.
The benchmark price, which accounts for the type of home sold, rose 4.9 per cent to $802,400, largely driven by gains in the condo apartment sector.
Toronto home sales have rebounded over the past few months, after adjusting to stricter mortgage-lending rules brought in last year amid higher borrowing costs. Limited housing supply is driving up prices and sales, as the city’s population continues to grow.
“Competition between buyers has increased, which has led to stronger annual rates of price growth, most notably during this past spring and summer,” Jason Mercer, TREB’s chief market analyst, said in a statement.
New listings fell three per cent to 11,789 in August, while active listings fell 11 per cent to 15,870 over the same period. The average price of a home rose 3.6 per cent to $792,611. That average is down from July’s level of $806,862.
“Our housing supply has not kept up with population growth, which has led to pent-up housing demand,” John DiMichele, chief executive officer of the housing board, said in the statement. “With the federal election less than two months away, all political parties should be making their housing policy stance clear.”