12092016Fri
Last update: Fri, 09 Dec 2016 12pm

Americas

Markets - Fixed Income - Americas

US bond prices add gains after block futures buy      NEW YORK: Prices on longer-dated US Treasuries extended their earlier rise on Wednesday following a large block purchase of 10-year Treasury note futures in the wake of disappointing overseas data that pushed foreign yields lower. Benchmark 10-year Treasury notes were up 12/32 in price to yield 2.351 percent, down 4.5 basis points from late on Tuesday. The 10-year yield retreated further from a near 1-1/2 year peak struck on Dec. 1 at 2.492 percent, according to Reuters data.    Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

Euro firms against dollar before ECB meeting NEW YORK: The euro gained slightly on the dollar on Wednesday as investors focused on Thursday's European Central Bank meeting for possible indications on when the central bank may begin paring bond purchases under its quantitative easing program. The euro has been the main focus for traders this week after Italian Prime Minister Matteo Renzi's loss in a referendum over constitutional reform on Sunday.  After initially dropping on the news, the euro rallied strongly on Monday and has since held below three-week ...

Markets - Fixed Income - Americas

US bond prices extend fall after factory orders data      NEW YORK: Prices on longer-dated US Treasuries added slight losses on Tuesday as data showed new orders for US factory goods rose 2.7 percent, marking their strongest monthly increase since June 2015 and supporting the view an improving US economy.  The price on 30-year government bond was last down 10/32 at 96-5/32 for a yield of 3.071 percent, up 1.6 basis points from late on Monday.      Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US Cash Grains-Corn bids mostly firmer, beans generally weaker     CHICAGO: Most spot basis bids for corn in the US Midwest were mostly higher, and mainly weaker for soybeans, on Monday as the rally in futures for both grains tempered farmer selling, grain merchants said. Chicago Board of Trade corn climbed on technical buying and supportive export news. Monday morning's US Department of Export inspections data showed corn at 1.15 million tonnes, which topped the high end of market forecasts. CBOT soybeans drew strength from USDA's export inspections for soybeans that totaled 1.911 ...

Markets - Fixed Income - Americas

US 30-year mortgage rate hits highest in 16 months      NEW YORK: The average interest rate on US 30-year fixed-rate mortgages rose to its highest levels in more than 16 months with the ongoing rise in Treasury yields, mortgage finance agency Freddie Mac said on Thursday.  The borrowing cost on 30-year mortgages, the most widely held type of US home loan, averaged 4.08 percent in the week ended Dec. 1, which was the highest since 4.09 percent in the week of July 16, 2015. Last week, the 30-year mortgage rates averaged ...

Markets - Fixed Income - Americas

Yields rise, bonds on track for worst month since Jan 2009 NEW YORK: US Treasury yields rose on Friday and two-year yields hit 6-1/2-year highs overnight as investors evaluated how much further the selloff sparked by the surprise election of Republican Donald Trump as US president has to run.Investors are betting that Trump will adopt policies that increase spending and debt as well as spur growth and inflation, which would erode the value of US bonds.Even at higher yields, investors are reluctant to buy the debt ...

Markets - Fixed Income - Americas

Yields fall from highs as funds flock to 7-year auction NEW YORK: US Treasury yields fell from multiyear highs on Wednesday after the Treasury Department saw very strong demand for an auction of seven-year notes, and after minutes from the Federal Reserve's November meeting contained no large surprises.The Treasury sold $28 billion of seven-year notes at a high yield of 2.215 percent, around two basis points below where they traded before the auction. Indirect bidders, which includes fund managers and some central banks, took a ...