09282016Wed
Last update: Wed, 28 Sep 2016 03am

Americas

Markets - Fixed Income - Americas

Long-dated yields nose higher, touch 2-week high NEW YORK: Yields on US Treasuries with longer-dated maturities edged up to their highest in more than two weeks on Monday on a modest rise in expectations that the US Federal Reserve could raise short-term interest rates by year-end.Friday's release of July's non-farm payrolls report, which showed US employers added 255,000 jobs, rekindled expectations the Fed may again be leaning toward raising the interest rate banks charge each other for overnight loans of federal funds. That sparked a broad sell-off in Treasuries on Friday, with yields on 10-year notes rising by the most since May and on 2-year notes, which are more sensitive to Fed policy expectations, by the most in more than a year. Fed funds futures prices showed traders now see nearly a 50-50 chance the US central bank will raise rates by December, according to CME Group's Fed Watch tool.Traders had priced in as little as a ...

Markets - Fixed Income - Americas

Mexico sets guidance on two-part US dollar bond NEW YORK: Mexico tightened pricing on a two-part US dollar bond on Monday, as demand for the deal swelled close to US$9bn, according to one of the lead managers. The sovereign set guidance of Treasuries plus 150bp area on a tap of its 4.125pc January 2026s and 210bp area on a new long 30-year maturing in January 2047, with area at plus or minus 5bp. That was tight to initial price thoughts of T+165bp area ...

Markets - Fixed Income - Americas

Yields jump as US jobs data boosts bets on Fed rate hike NEW YORK: US Treasury yields jumped on Friday, with three-year yields hitting one-week highs, after data showing US employment increased more than expected in July and a wages rise boosted expectations for a 2016 Federal Reserve interest rate hike.Nonfarm payrolls increased by 255,000 jobs last month as hiring rose broadly after an upwardly revised 292,000 surge in June, the Labor Department said. Economists polled by Reuters had forecast payrolls increasing 180,000 in July.While the unemployment ...

Markets - Fixed Income - Americas

US 30-year mortgage rate back near 3-year low NEW YORK: Interest rates on US 30-year mortgages fell back near three-year lows in step with benchmark Treasury yields, prompted by concerns about a slowing US economic expansion, mortgage finance agency Freddie Mac said on Thursday.The average 30-year mortgage rate was 3.43 percent in the week ended Aug. 4, down from 3.48 percent in the previous week, Freddie Mac said in its latest mortgage rate survey.In early July, the 30-year mortgage rate hit a three-year ...

Markets - Fixed Income - Americas

US yields rise after Japan unveils fiscal stimulus NEW YORK: US Treasury yields surged on Tuesday after Japan unveiled fiscal stimulus measures, dampening demand for US government debt and sending long-dated US yields to their highest levels in more than a week.Japanese Prime Minister Shinzo Abe's Cabinet approved $132 billion in fiscal measures, sending Japanese government bond yields higher. But even before the announcement, those bonds saw their worst sell-off in more than three years as investors feared the Bank of Japan (BOJ) ...

Markets - Fixed Income - Americas

Yields rise on Microsoft bond offering, profit-taking NEW YORK: US Treasury yields rose on Monday from Friday's multi-week lows in anticipation of a corporate bond offering from Microsoft, with profit-taking also fueling the move.Microsoft is selling a seven-tranche US dollar bond Monday to finance its acquisition of LinkedIn, one of the banks managing the deal told IFR. Two market sources told IFR they expect the Microsoft bond to be US $15 billion in size.The view that yields were likely headed higher after ...

Markets - Fixed Income - Americas

US bonds flat as report on BoJ offsets weak data NEW YORK: US Treasury prices were little changed on Thursday, with longer-dated yields dropping to two-week lows, as the possibility of more stimulus from the Bank of Japan offset softer-than-expected readings on traded goods and jobless claims.The mildly disappointing data supported the notion the US economy is not strong enough for the Federal Reserve to raise interest rates before the end of the year at the earliest; on Wednesday, the Fed left interest rates unchanged.The ...