02142016Sun
Last update: Sun, 14 Feb 2016 12am

Americas

Markets - Fixed Income - Americas

Yields rise ahead of auction as stocks recover NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Comments by US Federal Reserve Chair Janet Yellen acknowledging recent market turmoil offset some of the Treasury weakness. Tightening financial conditions driven by falling stock prices, uncertainty over China and a global reassessment of credit risk could throw the US economy off track from an otherwise solid course, Yellen said in prepared testimony. "The Treasury market is off a little bit because European equities and domestic equities caught a stabilizing bid of some sort ahead of Yellen," said Ian Lyngen, a senior government bond strategist at CRT Capital in Stamford, ...

Markets - Fixed Income - Americas

Argentina offers $6.5bn to 'holdout' creditors NEW YORK: Argentina's new government has offered $6.5 billion to settle its long debt battle with "holdout" creditors, US mediator Daniel Pollack said Friday.The offer was made in New York talks with hedge funds and other creditors who have demanded repayment of about $9 billion on bonds the country defaulted on 15 years ago.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Fixed Income - Americas

US Treasury cuts coupon offerings for Q1 WASHINGTON: The US Treasury said on Wednesday it will reduce the offering size of coupon securities across the board during the first quarter in order to increase the level of Treasury bills it offers. The department said there will be a reduction of $1 billion to each of the next five-year, seven-year, 10-year and 30-year nominal coupon offering sizes, for both new issues and reopenings. The changes will take effect with the 10- and 30-year ...

Markets - Fixed Income - Americas

Yields drop to nine-month lows as oil prices resume slide NEW YORK: US Treasury yields fell to nine-month lows on Tuesday on safety buying as oil prices resumed their slide, with investors also focused on a closely watched employment report on Friday for signs about the strength of the US economy. Volatile oil and stock prices have boosted demand for safe-haven bonds in recent weeks. Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for ...

Markets - Fixed Income - Americas

Bond prices rise on dovish Fed concerns, recovering oil NEW YORK: US Treasury debt prices were slightly higher on Tuesday as the Federal Reserve began its two-day meeting, with investors anticipating the meeting would conclude with a dovish statement by the central bank saying it will not raise rates as many times as it hoped it would this year. Treasury price gains were limited by a recovery in oil prices, which paired with corporate earnings, drove investor appetite for equities. Oil prices were lifted ...

Markets - Fixed Income - Americas

US bond losses grow after poor TIPS sale NEW YORK: US Treasuries prices extended their earlier drop on Thursday after weak investor demand at a $15 billion auction of 10-year Treasury Inflation Protected Securities resulted in their highest yield since May 2011. The 30-year bond was down as much as 1 point in price with a yield of 2.808 percent. It was last down 24/32 in price, yielding 2.793 percent, up 4 basis points from late on Wednesday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

Brazil's Petrobras cancels plan to sell local-market bonds RIO DE JANEIRO: Brazil's state-led oil company Petroleo Brasileiro SA said on Friday it had canceled plans to sell as much as 3 billion reais ($744 million) of local-market bonds after being unable to sell the debt at rates acceptable to both the company and investors.Petrobras, as the company is commonly known, had interrupted its plan to sell the debt in October in the hope that market conditions would improve.Copyright Reuters, 2016 ...