Managed Funds
Friday, 31 May 2013 01:54
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NEW YORK: US Treasuries traded nearly unchanged on Thursday as investors waited for clues about future moves by the US Federal Reserve, which has hinted recently it could soon slow its massive monetary easing program.Prices briefly edged higher after a sale of $29 billion in 7-year debt fetched a lower yield than markets had expected, with solid demand for a second auction in a row this week.A five-year note auction on Wednesday was met with strong demand, although a two-year note auction on Tuesday did not fare as well.But the price gains were short-lived as investors were reluctant to change positions amid uncertainties about the Fed's future course of action."Investors are in a wait and see mode, just like the Fed," said Millan Mulraine, director of US research and strategy at TD Securities in New York."If you're an investor with a position in Treasuries right now, you essentially want to ...
NEW YORK: US Treasuries dipped on Thursday before a new sale of seven-year notes, but pared most of their earlier losses after data showed the number of Americans filing new claims for unemployment benefits unexpectedly rose last week.Investors are increasingly sensitive to economic data since Federal Reserve Chairman Ben Bernanke said last week the US central bank may decide to taper its program of buying Treasuries and mortgage-backed securities within the next few Fed policy ...
LONDON: Italian bonds edged lower on Thursday as investors made room for an auction which was expected to attract decent demand as higher yields made the bonds more attractive.Italy will offer up to 5.75 billion euros of bonds maturing in 2018 and 2023.Short-term Italian borrowing costs rose at an auction on Wednesday for the first time since March and long-term yields are expected to edge higher at the sale later this session.Any rise in borrowing ...
NEW YORK: US Treasury debt prices gained on Wednesday after expectations that the Federal Reserve could pare back its massive stimulus pushed yields to 13-month highs in early trading.Solid demand at an auction of five-year debt underscored how much Treasuries have cheapened in recent sessions, with the sale of $35 billion coming at a high yield of 1.045 percent, close to market expectations."It was a pretty good auction, quite frankly," said Ian Lyngen, senior government ...
MOSCOW: Russia may issue its expected Eurobond next month, Finance Minister Anton Siluanov said on Wednesday.Russia is seeking to borrow around $7 billion this year on foreign markets, according to the finance ministry's plans, and the choice of bookrunners for the Eurobond issue has been expected any day."I think we will by the end of May decide on bookrunners," Siluanov told journalists.Copyright Reuters, 2013 ...
MUMBAI: Indian government bond yields rose to their highest in a week on Wednesday as the rupee's continued weakness raised concerns about funding of the country's current account gap.Interest rate swaps, particularly on the long-end, also rose to three-week highs as crude oil prices and US Treasury yields rose with strong data continuing out of the United States.The rupee dropped to a 10-month low on Wednesday, primarily on the back of global dollar strength as ...
DUBAI: Oman's government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in the future, the oil exporter's central bank said on Wednesday."By re-establishing Oman's presence in the international bond market, a sovereign issue could pave the way for regular deficit financing through bond issues in future, if need be," it said in its first ever financial stability report.The International Monetary Fund presented a bleak ...
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