Markets - Fixed Income
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TOKYO: US 10-year Treasuries skidded in Asian trading on Monday, pushing benchmark yields to two-month highs, as the US dollar rose to a fresh 4-1/2-year peak against the yen.The yen fell as low as 102.15 yen against the dollar, after the Group of Seven finance officials avoided censuring Japan's efforts to pull itself out of deflation, which have weakened its currency.Instead, G7 officials gave a tacit nod on Saturday to Japan's bold policies.Fixed-income market sentiment also sagged as benchmark Japanese government bond futures plunged a full point to their lowest in a year, as the Nikkei stock average climbed toward a fresh 64-month high."The trend for Treasuries this week could be weak, with focus on speeches by Fed officials," said Hiroki Shimazu, senior market economist at SMBC Nikko Securities.Any suggestion that the US central bank could begin to taper off its $85 billion per month in Treasury and asset purchases ...
TOKYO: Japanese government bond prices dived for two straight sessions on Monday as soaring Japanese share prices prompted investors to question their long-standing confidence in low-risk but low-yielding Japanese government bonds.The benchmark futures price posted its biggest two-day decline in almost two and a half years to hit a one-year low, with the Tokyo Stock Exchange briefly suspending trading as a circuit breaker was triggered."I just don't feel like buying. It's too scary now. You ...
LONDON: German Bunds fell to their lowest in over a month on Friday, in line with a selloff in US and Japanese bonds triggered by the dollar's sharp rise against the yen.Traders said the dollar's rise to a 4-1/2 high of 101.66 yen had prompted selling of Treasuries and Japanese bonds by investors who needed to hedge some structured deals, and Bunds were caught in their downdraft.Demand for safe-haven bonds has been undermined this week ...
SINGAPORE: US 10-year Treasuries sagged on Friday, after the previous day's jobless claims data eased some concern about the economy's outlook and as the dollar's rise to a four-year high versus the yen weighed on sentiment.The 10-year yield hit a one-month high of about 1.844 percent earlier, its highest level since early April. Ten-year notes were last down 8/32 in price and the 10-year yield stood at 1.841 percent, up roughly 3 basis points from ...
ZURICH: The Swiss franc strengthened against the dollar on Tuesday, diverging from the euro, which weakened again against the greenback after Monday's dovish comments from the European Central Bank chief.ECB President Mario Draghi reiterated the central bank's readiness to cut interest rates - including the zero deposit rate - further if the euro zone economy deteriorates, sending the euro to session lows against the dollar."The prospects of negative deposit rates in particular will continue to ...
LONDON: German Bunds held steady on Tuesday, with expectations the European Central Bank may ease policy offsetting selling pressure from a pick-up in the US labour market.ECB President Mario Draghi departed from a prepared speech on Monday to reiterate that the central bank was ready to do more, after cutting interest rates last week, to support the ailing euro zone economy.Bets policy would be eased further helped stabilise Bund futures that tumbled by about a ...More Articles...
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