FX.co ★ TSX Futures Rise as Bond Yields Fall

Futures linked to the S&P/TSX Composite Index traded higher on Monday, as the commodities-heavy benchmark drew support from a combination of falling bond yields and rising resource prices. Yields declined sharply, easing concerns about a pullback in credit activity and bolstering financial stocks. Oil prices extended their gains, underpinning energy producers even amid lingering stagflation concerns. Gold prices also advanced on bargain hunting, with investors stepping in as bullion remains on track for its steepest monthly decline in nearly two decades, lending support to mining shares.