09282016Wed
Last update: Wed, 28 Sep 2016 06am

Americas

Markets - Fixed Income - Americas

US housing price gains slow in July WASHINGTON: US housing price growth slowed in July, with the strongest gains in the cities of Portland, Seattle and Denver, according to survey data released Tuesday.The S&P Case-Shiller price index for 20 major US cities recorded a 5 percent annual increase, down from 5.1 percent in June. Analysts had forecast gains of 5.1 percent in the index for July.Month over month, however, the seasonally adjusted twenty-city index was unchanged.Continued expansion in the housing sector coincides with market expectations that economic growth and low interest rates from the US Federal Reserve will persist, according to David Blitzer, head of the index committee at S&P Dow Jones Indices, which produced the data."Most analysts now expect the Fed to raise interest rates in December. After such Fed action, mortgage rates would still be at historically low levels and would not be a major negative for house prices," he said in a statement.The home ...

Markets - Fixed Income - Americas

Prices rise as stocks fall ahead of US presidential debate NEW YORK: US Treasury debt prices climbed on Monday as investors sought the safety of government bonds while global equities fell, led by financials on news on Deutsche Bank that dragged its shares to record lows. Prices also rose on caution ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump, analysts said. Long-dated yields, which move inversely to prices, fell to three-week lows, while two-year note yields slid to two-week ...

Markets - Fixed Income - Americas

Prices rise as equities fall on Deutsche Bank woes NEW YORK: US Treasury debt prices rose on Monday as investors sought the safety of government bonds as global equities fell on factors including news on Deutsche Bank that dragged its shares to record lows. Long-dated yields, which move inversely to prices, fell to three-week lows, while two-year note yields slid to two-week troughs. The German bank has been fighting a $14-billion demand from the US Department of Justice to settle a mortgage mis-selling case. ...

Markets - Fixed Income - Americas

US bond yields rise ahead of Fed rate decision NEW YORK: US Treasury yields rose on Wednesday as the Federal Reserve held a two-day policy meeting where investors widely expect the central bank to hold short-term interest rates but leave the door open for an increase at the end of the year.US yields initially climbed on selling in bond markets worldwide following a policy reboot from the Bank of Japan.The BOJ said it will target the yield on the 10-year Japanese government bond at ...

Markets - Fixed Income - Americas

Yield curve steepens after weak retail sales NEW YORK: The US Treasury yield curve surged to its steepest levels in 2-1/2 months on Thursday after US retail sales fell more than expected in August, further reducing the odds that the Federal Reserve will raise interest rates when it meets next week.The Commerce Department said retail sales declined 0.3 percent amid weak purchases of automobiles and a range of other goods, after an upwardly-revised 0.1 percent gain in July."The data was weaker than ...

Markets - Fixed Income - Americas

US yields rise, track Europe gains after less-dovish Draghi NEW YORK: US Treasury yields rose on Thursday, in line with European bonds, after European Central Bank President Mario Draghi left the door open for additional monetary policy easing but gave no indication that more stimulus was actually coming.The rise in yields, which move inversely to prices, was being driven by the long-end of the curve, notably US 30-year bonds, whose yields rose for a second straight session.Draghi said on Thursday the bank was looking ...

Markets - Fixed Income - Americas

Yields flat after mixed data; Friday jobs report in focus NEW YORK: US Treasury yields were little moved on Thursday after weak US manufacturing data contrasted with strong overseas manufacturing numbers and US jobless claims data that beat expectations as investors tried to position ahead of Friday's US non-farms payrolls report.Treasuries sold off in early trading with prices sinking after a report showed growth in China's manufacturing sector expanded last month at the fastest pace in nearly two years, and a measure of manufacturing in ...