02092016Tue
Last update: Tue, 09 Feb 2016 10pm

Americas

Markets - Fixed Income - Americas

Argentina bonds give back gains on profit taking NEW YORK: Argentine bond prices were giving back some earlier gains on Monday as investors took profits following a widely expected victory for market favorite Mauricio Macri in the presidential elections over the weekend. Bonar 2024s were being offered at 103.00 after being bid at that level earlier today, while dollar discounts were bid at 115.50 after hitting 116.00 earlier in the session. "As we expected sellers are coming out," said Joaquin Almeyra, a fixed-income trader at Bulltick. "The market is happy about a Macri victory but that was already priced in and the next steps will not be easy." Argentina debt prices are likely to go through a period of adjustment over the next few months as holders await new buyers seeking to benefit from any eventual upside in economic growth and a resolution with holdouts. "There are a bunch of investors who have been involved in Argentina waiting ...

Markets - Fixed Income - Americas

US yield curve flattens on claims data, Fed minutes NEW YORK: Longer-dated US Treasuries fared better than shorter-dated issues on Thursday after data showed fewer Americans filed for unemployment benefits last week, further supporting the view that the Federal Reserve will raise interest rates in December. The curve-flattening move is based on the view that after the US central bank ends its near-zero rate policy, shorter-term Treasury yields would rise faster than longer-dated ones. The yield gap between the US five-year note and the ...

Markets - Fixed Income - Americas

Brazil leads region higher against bullish backdrop NEW YORK: Brazilian bonds were leading LatAm assets higher on Tuesday as a more bullish tone on Wall Street encouraged investors to bargain hunt after last week's sell-off. "It is a rip-fest," said a New York-based trader focused on Brazilian bonds. "Sentiment seems to have changed, and people are being more constructive on Brazil as it has gotten cheap." Brazilian sovereign bonds were 8bp-10bp tighter, holding up as 10-year US Treasury yields jumped to 2.3% ...

Markets - Fixed Income - Americas

US yields fall to lowest in a week NEW YORK: US Treasuries yields fell to their lowest in a week on Friday as weaker-than-expected October data on domestic retail sales and producer prices reinforced the view of modest economic growth and tame inflation. These figures also supported the notion that if the Federal Reserve were to raise interest rates, it would do so gradually. The Commerce Department said retail sales edged up 0.1 percent last month after being unchanged in September. It fell ...

Markets - Fixed Income - Americas

US 30-year bonds sold at highest yield since July NEW YORK: US Treasury Department on Thursday sold $16 billion of 30-year bonds to solid demand at a yield of 3.070 percent, which was its highest level since July, Treasury data showed.The 30-year sale was the final leg of this week's $64 billion quarterly refunding.The ratio of bids to the amount offered was 2.41, which was the lowest since August but above its 12-month average of 2.35.Fund managers, foreign central banks and other indirect bidders ...

Markets - Fixed Income - Americas

US bond prices flat as weaker stocks offset supply NEW YORK: US Treasuries prices held steady on Thursday as losses on Wall Street stocks revived safehaven demand for government debt, offsetting selling tied to more corporate supply and an upcoming $16 billion auction of 30-year bonds. A heavy schedule of public speeches from top Federal Reserve officials also kept some investors on the sidelines as they await possible fresh clues on whether the central bank might raise interest rates at its Dec. 15-16 meeting. ...

Markets - Fixed Income - Americas

US bond prices tumble on GDP data, corporate supply NEW YORK: US Treasuries prices fell on Thursday with benchmark yields jumping to their highest in a month as the US economy expanded in the third quarter on solid consumer spending, reinforcing chances the Federal Reserve may hike interest rates in December. A wave of corporate supply led by a huge multi-part deal from software giant Microsoft exacerbated the market sell-off with dealers dumping Treasuries to hedge the bonds they were underwriting.Consumer spending grew at ...