Tuesday, 06 September 2011 19:58
Posted by Imaduddin
NEW YORK: The US 30-year Treasury bond gained over a point in price on Tuesday as worries over Europe's debt crisis bolstered safe-haven demand for US government debt.
Thirty-year bonds were trading 1-7/32 higher in price to yield 3.24 percent, down from 3.30 percent late Friday. Bond yields dipped to as low as 3.21 percent in the overnight session.
Benchmark 10-year notes were trading 9/32 higher in price to yield 1.96 percent, down from 1.99 percent late Friday.
Copyright Reuters, 2011
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NEW YORK: The US 30-year Treasury bond gained over a point in price on Tuesday as worries over Europe's debt crisis bolstered safe-haven demand for US government debt.
Thirty-year bonds were trading 1-7/32 higher in price to yield 3.24 percent, down from 3.30 percent late Friday. Bond yields dipped to as low as 3.21 percent in the overnight session.
Benchmark 10-year notes were trading 9/32 higher in price to yield 1.96 percent, down from 1.99 percent late Friday.
Copyright Reuters, 2011
...
TOKYO: US Treasuries rose sharply in Asia on Tuesday following a long weekend in the United States, as worries grew over whether the euro zone can fix its escalating debt crisis.
The yield on ten-year notes fell as far as 1.91 percent, its lowest in at least 60 years, before stepping back to 1.94 percent, still way below 1.99 percent late on Friday.
"I don't see a solution (to the euro zone's debt crisis). The market is ...
MUMBAI: Indian auto parts maker Tata Autocomp Systems has withdrawn its sale document to raise about $245 million through an initial public offering of shares due to poor market conditions, said a person familiar with the matter.
Tata Autocomp Systems, part of the $68 billion diversified Tata group, had announced plans for the IPO in June.
Copyright Reuters, 2011 ...
LONDON: Whitbread, Britain's biggest hotel and coffee shop operator reported accelerating sales growth in the second quarter, driven by its Premier Inn and Costa Coffee chains.
The group, whose brands also include Beefeater and Brewers Fayre restaurants, said total group sales increased by 12.9 percent in the 11 weeks to August 18, with sales at outlets open more than a year up 4.8 percent.
For the first half as a whole, total sales were up ...
LONDON: Thirty-year gilt yields tumbled to a record low and gilt futures surged on Monday, after triple-A European government bond prices were lifted by plummeting share prices and bad news for banks and euro zone peripheral debt.
The December gilt future gained 140 ticks on the day to settle at 129.41, and in post-settlement trade it hit a contract high of 129.62.
Ten-year gilt yields slid 14 basis points on the day to 2.30 percent, leading the ...
LONDON: Fund manager Ashmore Group is the only mid cap stock eligible for automatic promotion to Britain's FTSE 100 index when the compiler undertakes its quarterly review on Wednesday.
Private equity firm 3i Group and oil services firm John Wood Group , however, are both eligible for potential demotion into the FTSE 250 index, based on closing share prices from Friday, Sept 2.
Engineering firm Meggitt would therefore also be considered for possible entry into the ...
HONG KONG: China Petroleum & Chemical Corp's (Sinopec) announcement last week of a plan to issue new convertible bonds (CB) -- just six months after making its equity-linked debut -- points to growing interest in the maturing domestic market, IFR, a Thomson Reuters publication reported.
Investors, however, are up in arms at a plan that promotes a sell-off in the outstanding bonds and negatively impacts their chances of conversion.
Sinopec, Asia's largest oil refiner, proposed ...
