Wednesday, 22 May 2013 13:56
Posted by Shoaib-ur-Rehman Siddiqui
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 ...
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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 ...
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 ...
LONDON: German Bunds fell on Monday after forecast-beating US consumer sentiment data last week dented appetite for low-risk assets.Friday's data eased worries that the US economy could slow down markedly due to government spending cuts and prompted investors to speculate the Federal Reserve may scale back its bond buying programme later this year.Fed Chairman Ben Bernanke's testimony before the congressional Joint Economic Committee on Wednesday will be closely scrutinised for any hints on future monetary ...
LONDON: British government bonds bounced on Thursday in a broad bond-market rally after US economic data raised fears about the health of the world's leading economy.Earlier on Thursday, Britain auctioned 2.5 billion pounds ($3.8 billion) of 2044 gilts, drawing bids totalling double the amount on offer and a 3-tick price tail, half the tail when it last sold the gilts in April.June gilt futures settled 54 ticks higher at 118.07, having bobbed around the 117.60 ...
