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 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 in prepared remarks the Fed's current policy has produced significant benefits and cautioning that a premature pullback would hurt the economy. These remarks lifted bond prices to session highs in early trading.A half hour later, however, the bond market's gains swiftly evaporated when Bernanke said during a question and answer session that tapering of the Fed's bond purchases was possible in the next few meetings if data show US growth is on a sustainable path."He ...
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 ...
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 ...
MUMBAI; The Reserve Bank of India has bought 96.58 billion rupees ($1.8 billion) of bonds, but did not sell any debt in the week to May 10 through outright open market operations (OMOs), it said in a statement on Friday.The central bank did not buy or sell bonds through outright OMOs in the previous week.Copyright Reuters, 2013 ...
