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.

IBM, Diageo Sell Debt as U.S. Corporate Bond Sales Decline to 2-Month Low International Business Machines Corp., the world’s largest computer-services company, and liquor maker Diageo Plc led $13.7 billion of investment-grade bond offerings this week, the slowest period in two months.

Europe

Moody's Sees No Return to Pre-Crisis Debt-Issuance Levels for Up to Decade Governments may take as long as a decade to cut debt issuance back to the levels before global markets seized up following the collapse of Lehman Brothers Holdings Inc. last year, according to Moody’s Investors Service.

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.

DMO's Stheeman Says Investor Demand for U.K. Gilts Won't `Go' Next Year Investors will continue to take up issuance of U.K. government bonds next year even as they increase holdings in higher-risk assets, according to Robert Stheeman, chief executive officer of the Debt Management Office.

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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