01202017Fri
Last update: Fri, 20 Jan 2017 12pm

Americas

Markets - Fixed Income - Americas

US Treasury reassures Brazil banks trade with Iran OK BRASILIA: The US Treasury has reassured Brazilian banks they can finance trade with Iran without fear of sanctions, opening the way to billions of dollars in potential exports of jet planes, buses and equipment, a senior Brazilian official said on Wednesday.Sanctions on non-US entities doing business with Iranian companies were lifted with implementation in January of the nuclear accord with Iran, but Brazilian banks remained worried they could still face repercussions, said Rodrigo Azeredo, Brazil's top diplomat for trade. "They feared US and European banks could react by cancelling their credit lines," Azeredo said. That is expected to change after Treasury officials explained to executives of Brazil's largest banks in Sao Paulo last week that they can deal with Iranian banks as long as the transactions - in dollars or any other currency - do not go through the US banking system and do not involve blacklisted Iranian companies.The assurances ...

Markets - Fixed Income - Americas

Yields flat after touching new highs, on pace for biggest 2-week rise in years NEW YORK: US Treasury yields touched 2016 highs in early trading on Friday, but retraced those gains and were little changed from late Thursday as markets settled after the whirlwind sell-off since the surprise election of Republican Donald Trump as US president. Yields on benchmark 10-year notes rose to 2.34 percent, their highest mark since December 2015 and were on pace to post their largest two-week rise since 2009. Yields on Treasuries of all maturities ...

Markets - Fixed Income - Americas

Yield curve flattens as US data shows slower inflation NEW YORK: The US Treasury yield curve flattened on Wednesday with yields on shorter-dated maturities little changed while yields on longer-dated ones fell as US producer prices and industrial output data showed inflation could be growing more slowly than expected. Yields on Treasury notes with maturities from 2 to 7 years rose to their highest since early January in morning North American trading. But they later reversed those moves, turning flat after the release of ...

Markets - Fixed Income - Americas

Short-dated US yields add rise after retail sales data NEW YORK: Yields on short-to-medium term Treasuries extended their earlier rise on Tuesday as a bigger-than-expected rise in domestic retail sales in October supported the view the Federal Reserve would raise interest rates in December. Two-year Treasury yield, which is most sensitive to traders' expectations on Fed policy, was up more than 2 basis points at 1.013 percent after touching its highest level since early January earlier Tuesday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

Yields climb as markets expect Clinton victory in US election NEW YORK: US Treasury yields rose across the board on Tuesday, recovering from early lows, as investors increasingly priced in an election victory for Democratic presidential candidate Hillary Clinton.US two-year yields, which are most sensitive to interest rate changes, were up 3.5 basis points, the largest daily rise since early October. A Clinton victory would remove the last remaining obstacle to the Federal Reserve raising interest rates next month, analysts said.US 30-year bond yields, which ...

Markets - Fixed Income - Americas

Yields surge as markets expect Clinton victory in US election NEW YORK: US Treasury yields rose across the board on Tuesday, recovering from early lows, as investors increasingly priced in an election victory for Democratic presidential candidate Hillary Clinton. US 30-year bond yields, which move inversely to prices, climbed to two week-peaks, while those of benchmark 10-year notes advanced to one-week highs. US two-year and three-year note yields rose to their highest since late October. "Markets strain for any advantage to be first, leading to ...

Markets - Fixed Income - Americas

Yields climb after data shows steady US jobs growth NEW YORK: US Treasury prices weakened on Friday after data showed that US employers maintained a strong pace of hiring in October and boosted wages for workers, which supported the case for a December interest rate increase by the Federal Reserve.Nonfarm payrolls increased by 161,000 jobs last month, the Labor Department said on Friday. August and September data was revised to show 44,000 more jobs created than previously reported."Marginally this makes it more likely that ...