Markets - Fixed Income
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TOKYO: Japanese government bond prices fell on Friday as stocks clawed back some of their steep losses in the previous session, though the benchmark yield remained well shy of the one percent threshold touched a day before.The yield on the 10-year cash bonds added 4.5 basis points to 0.875 percent after rising as high as 0.905 percent earlier. On Thursday, it rose as high as one percent for the first time since April 2012.The 10-year JGB futures contract ended morning trade down 0.58 point at 141.93 after falling as low as 141.64."The JGB market is back to normal today, or what passes for normal lately," said a fixed-income consultant at a European bank in Tokyo.The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, its biggest one-day percentage drop in two years after weak Chinese factory data spooked investors.Japanese Prime Minister Shinzo Abe said ...
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 ...More Articles...
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