Wednesday, 22 May 2013 03:01
Posted by Imaduddin
NEW YORK: US Treasuries ended stronger on Tuesday after buyers stepped back in, attracted by higher yields, and after two voting members of the US Federal Reserve struck a dovish tone on the economy, reducing expectations the US central bank is close to tapering its bond purchases.Fund managers bought bonds after benchmark 10-year Treasury yields bumped up against key support levels of 2 percent, at the same time as mortgage-backed debt staged a dramatic turnaround ...
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NEW YORK: US Treasury debt prices rose on Thursday after the Treasury saw solid demand for new inflation-linked bonds, though benchmark yields held above 2 percent as traders worried about how high yields might rise whenever the US Federal Reserve decides to taper its bond purchases.The bond market was on another rollercoaster ride on heavy volume, a day after remarks by Federal Reserve Chairman Ben Bernanke about the US central bank's bond purchase program prompted a massive selloff in Treasuries.Bernanke told a congressional panel that a decision on whether to scale back the Fed's current monthly pace of $85 billion in purchases of Treasuries and mortgage-backed securities could come at one of the Fed's "next few meetings" if data shows the economy is gathering steam.Traders fear that any reduction in the bond purchases would mean less cash to fuel the stock rally that has driven major Wall Street indexes to ...
TORONTO: The Bank of Canada on Thursday said it plans to auction up to C$2 billion ($1.94 billion) in 21-day treasury bills in a cash management operation on May 24.Copyright Reuters, 2013 ...
NEW YORK: US Treasury yields on the benchmark 10-year note rose above the key 2 percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman Ben Bernanke added to bond investor fears that the US central bank might slow its bond purchases later this year if the economy improves further.Bernanke initially delivered what bond bulls had hoped for following dovish remarks from two top Fed officials on Tuesday, telling federal lawmakers ...
LONDON: British government bond prices rallied on Tuesday after data showed inflation fell more sharply than expected last month, potentially giving the Bank of England greater scope to resume gilt purchases.Consumer price inflation sank to 2.4 percent from 2.8 percent, its first fall since September, though it is still above the central bank's target and is likely to rise again in coming months.Ten-year gilt yields fell 4 basis points on the day to 1.88 percent, ...
MUMBAI: Investors in India's rocketing bond market are betting heavily on the central bank shedding some of its habitual caution by both cutting interest rates and injecting liquidity, but some analysts reckon hopes for further easing are becoming overblown.Following a suprisingly benign inflation reading for April and what investors interpreted as unexpectedly dovish comments from Reserve Bank of India Governor Duvvuri Subbarao last week, benchmark bond yields have plunged to their lowest since December 2009.With ...
