Wednesday, 24 October 2012 16:44
Posted by Shoaib-ur-Rehman Siddiqui
LONDON: US Treasuries were range-bound on Wednesday as the market prepared for more supply and as investors did not expect the Federal Reserve to change its current policy in the last monetary policy meeting before presidential elections.
US 10-year government bond yields were up 1.6 basis points at 1.78 percent, a whisker away from a 200-day moving average at 1.805 percent. Bonds came under pressure after gaining on Tuesday on strong results in a sale of two-year government debt.
The Fed appears intent to stick to its bond-buying stimulus with analysts believing it will wait until at least December to make any changes to its current plans to buy $40 billion of mortgage debt per month.
The Fed unveiled a third round of bond purchases last month.
"All eyes are on the FOMC (Federal Open Market Committee), not that anyone is expecting anything dramatic, but they will want to see what their assessment of ...
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LONDON: US Treasuries were range-bound on Wednesday as the market prepared for more supply and as investors did not expect the Federal Reserve to change its current policy in the last monetary policy meeting before presidential elections.
US 10-year government bond yields were up 1.6 basis points at 1.78 percent, a whisker away from a 200-day moving average at 1.805 percent. Bonds came under pressure after gaining on Tuesday on strong results in a sale of two-year government debt.
The Fed appears intent to stick to its bond-buying stimulus with analysts believing it will wait until at least December to make any changes to its current plans to buy $40 billion of mortgage debt per month.
The Fed unveiled a third round of bond purchases last month.
"All eyes are on the FOMC (Federal Open Market Committee), not that anyone is expecting anything dramatic, but they will want to see what their assessment of ...
SINGAPORE: The US 10-year Treasury yield held steady within a recent range on Tuesday, as investors awaited the November US presidential election and further clarity on when Spain may ask for a rescue package.
Ten-year Treasuries fetched an yield of 1.668 percent . Since late September, the 10-year yield has moved in a range of roughly 1.600 percent to 1.750 percent.
"You have to consider whether forthcoming events might trigger a rise in volatility, or whether traders ...
BUENOS AIRES: Argentina's Chaco province made a dollar-denominated bond interest payment in local pesos last week due to the country's policy of limiting access to greenbacks, the province said over the weekend.
The payment of about $260,000 in pesos rather than US dollars surprised the local capital markets, and may set a precedent for other borrowers in the South American country to pay dollar-denominated debt in local currency.
"Compliance in a timely manner of the obligation was ...
SINGAPORE: US 10-year Treasuries rose in Asia on Friday but their gains were limited after Spain announced a tough 2013 budget that may pave the way for central bank action to help ease the euro zone's debt crisis.
Ten-year notes rose around 2/32 in price to yield 1.647 percent, down roughly 1 basis point from late US trade.
Ten-year Treasuries had retreated on Thursday after Spain announced a budget for 2013 based mostly on spending cuts, a ...
