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FINWIRES

US Dollar Nudges Higher Against The Loonie as Bond Yields Rise

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The US dollar was slightly higher against the Canadian dollar on Friday afternoon, hovering near the highest level since early August.

The US dollar was last seen up 0.04% to CA$1.3997.

US 10-year treasury yields climbed back up to 5% even after the US Federal Reserve hiked interest rates by 25 basis points on Wednesday, marking the first increase since July 2023.

Comex gold futures for December were up 0.6% to $4,4426.40 per ounce.

Oil prices dropped Friday afternoon after Saudi Arabia shifted some crude exports through the Strait of Hormuz, according to reports by several media outlets.

West Texas Intermediate October futures benchmark fell 1.1% to $100.76 per barrel. November Brent crude futures edged down 1.1% to $103.66.

What else is happening in Treasury?

Treasury

China Jushi Raises 500 Million Yuan Via Sci-Tech Innovation Bond Issue

China Jushi (SHA:600176) raised 500 million yuan via the issue of five-year science and technology innovation bonds carrying an issuance rate of 1.78%.Agricultural Bank of China serves as lead underwriter, with Bank of China as joint lead underwriter, according to a Thursday aftermarket filing with the Shanghai bourse.Shares of the fiberglass maker declined 5% in recent trade.

SHA:600176
Treasury

Kasikornbank Issues $800 Million Bonds to Overseas Investors

Kasikornbank (SET:KBANK) issued $800 million of 6.278% tier 2 subordinated bonds due 2036 to overseas institutional investors, according to a Friday filing with the Thailand Exchange.The bonds were issued through its Hong Kong branch under its $4 billion euro medium-term bond program and carry a 10-year tenure.Moody's Investors has assigned the bonds a Ba1 credit rating.

SET:KBANK
Treasury

Huadian New Energy Issues 1.50 Billion Yuan in Medium-Term Bonds

Huadian New Energy (SHA:600930) issued 1.50 billion yuan worth of medium-term bonds, according to a Shanghai bourse filing on Friday.The bonds have an interest rate of 1.70% and a term of five years, maturing Sept. 16, 2031.China Construction Bank (HKG:0939, SHA:601939) acted as the bookrunner and lead underwriter of the issuance.The Chinese energy company's shares rose 2% in morning trading.

HKG:0939SHA:600930SHA:601939