Markets - Fixed Income
Thursday, 23 May 2013 14:39
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LONDON: German Bunds extended gains to hit session highs on Thursday, tracking US Treasuries as they recovered from overnight falls on concern the US Federal Reserve could start cutting its bond purchases in the next few sessions."The Treasuries are rallying and are dragging up everything else. The sell-off in equities caused a short-covering rally in Tokyo and in London," one trader said.Bunds were last 48 ticks up on the day at 145.08.Copyright Reuters, 2013
SINGAPORE: Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of a reduction in US monetary stimulus.Bernanke's comments, suggesting the Fed's massive bond purchases could be scaled back in the next few policy meetings if the economy improves further, triggered a reaction across a swathe of markets, lifting the dollar to a three-year high ...
LONDON: The dollar shed some of its lofty gains against a basket of currencies on Wednesday, as investors trimmed favourable bets before testimony from the US Federal Reserve chief.Ben Bernanke will deliver his testimony to Congress at 1400 GMT and is expected to strike a somewhat optimistic view of the economy. But with inflation subdued, he is likely to reiterate the Fed's ultra-loose monetary policy will stay, analysts said.That would temper speculation that a recent ...
MADRID: Spain's Treasury sold 3.5 billion euros ($4.5 billion) of 3- and 9-month debt on Tuesday, the top of its targeted amount, though yields were slightly higher than a month earlier on the short-term paper.The Treasury, which had aimed to sell between 2.5 billion and 3.5 billion euros of debt, sold 892 million euros of 3-month paper at an average yield of 0.331 percent compared to 0.120 percent at the last auction on April 23.Bid-to-cover, ...
LONDON: Greek 10-year bond yields fell below longer-dated ones on Tuesday for the first time in three years as investors priced out the risk of Athens defaulting.The move picked up steam after Fitch Ratings raised Greece's credit rating to B-minus from CCC last week, with Greek 10-year bonds outperforming, squeezing their yields 3 basis points below their 30-year ones and returning the yield curve to a more normal upward slope.When short-term bonds trade at a ...
MUMBAI: India's new inflation-linked bonds will be sold to foreign investors as part of an up to $25 billion investment limit for government debt allotted for demand from overseas, Reserve Bank of India (RBI) officials said on Monday.However, inflation-linked bonds will be issued separately from a scheduled weekly auctions of government bonds, the officials said in a teleconference providing details about the upcoming sales of the debt.The RBI plans to kick-off monthly sales of inflation-linked ...More Articles...
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