Managed Funds
Friday, 07 June 2013 02:40
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NEW YORK: Prices for US Treasuries edged slightly higher on Thursday as a drop in the dollar against the yen boosted demand for US government debt, but caution ahead of the government's May payrolls data kept gains modest.Stocks slid during most of the session as the dollar sold off on worries about the upcoming jobs numbers, before reversing course and rising in late afternoon trading."We saw that big downdraft after dollar/yen plunged lower," said Kim Rupert, managing director of global fixed income analysis at Action Economics LLC in San Francisco."Risk-on trades were dumped, risk-off trades were put on," she said, noting that thin trading added to volatility. "And now we've just seen a little bit of position-unwinding heading into the close and the payroll report tomorrow."The payrolls data, analysts say, could shed light on whether the Federal Reserve will soon slow or even stop its massive easing program.Other data this ...
SINGAPORE: US 10-year Treasuries inched lower on Thursday, with investors looking to jobs data on Friday for hints on whether the Federal Reserve will soon temper the pace of its aggressive monetary stimulus.Ten-year notes eased 2/32 in price with their yields edging up about 1 basis point to 2.098 percent. Over the past week or so, the 10-year yield has stayed between a 13-month high of 2.235 percent set on May 29 and the May ...
LONDON: German bonds rose on Wednesday and met decent demand at a five-year auction but stuck to tight ranges before a European Central Bank meeting and the main US jobs release later this week.Equity markets fell, as modest additions to Japan's growth strategy and renewed concerns of a cut in US stimulus efforts hit demand for riskier assets.Against that backdrop, markets were focused on a slew of US data to gauge when the Federal Reserve ...
HANOI: Yields of most of Vietnam's dong bonds dropped to record lows on Wednesday due to increased supplies of debt papers and higher investor interest on expectation of an interest rate cut, bankers said.Yields of government bonds with terms ranging from one to seven years hit their lowest since Reuters started compiling data on Aug. 1, 2008, according to fixings data at 0400 GMT.Vietnam had the fastest-growing government bond market in emerging East Asia in ...
BUCHAREST: Romania sold a planned 500 million lei ($147.5 million) in five-year treasury bonds on Monday, with the average accepted yield at 4.66 percent, up 13 basis points from a May 20 tender, central bank data showed.Debt yields have hit record lows across maturities earlier this year with the rally supported by booming demand from foreign investors in higher-yielding emerging European assets and the inclusion of Romanian paper in benchmark indices.But a recent patch of ...
CAIRO: Egyptian three- and nine-month treasury bill yields edged down at an auction on Sunday, and the central bank said it sold fewer of the bills than it had offered.The average yield on 91-day treasury bills slipped to 13.963 percent from 14.008 percent at last week's auction, while that on 273-day T-bills declined to 14.669 percent from 14.693 percent, the central bank said.The bank said it had sold 2.44 billion pounds' ($349 million) worth of ...
LONDON: German Bund futures reversed gains on Friday to hit session lows after data showed business activity in the US Midwest rose by more than expected.The Institute for Supply Management-Chicago said on Friday its index of Midwest business activity rose in May to 58.7 from 49.0 in April and above the 50.0 forecast in a Reuters data.German Bund futures fell to 143.51, down 22 on the day. It stood at 143.86 shortly before the data. ...
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