05012016Sun
Last update: Sun, 01 May 2016 11am

Americas

Markets - Fixed Income - Americas

US sells 2-year notes at lowest yield since Sept NEW YORK: The US Treasury Department on Tuesday sold $26 billion of two-year notes at a yield of 0.752 percent, which was the lowest level since the two-year auction held in September, Treasury data showed. The ratio of the bids on the latest two-year supply offered was 2.91, compared with 2.90 in January. The latest two-year note sale, which was a part of this week's $88 billion fixed-rate coupon supply, "went off without any difficulties," Stone & McCarthy Research Associates' market strategist John Canavan wrote in a research note. Short-dated Treasury yields have fallen on the view that the Federal Reserve may slow its pace of rate increases in response to evidence of a slowing global economy. In January, the Treasury sold the same amount of two-year debt at a yield of 0.860 percent. The Treasury said the two-year note due Feb. 2018 will be considered an additional issue of ...

Markets - Fixed Income - Americas

Yields rise ahead of auction as stocks recover NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Comments by US Federal Reserve Chair Janet Yellen acknowledging recent market turmoil offset some of ...

Markets - Fixed Income - Americas

Argentina offers $6.5bn to 'holdout' creditors NEW YORK: Argentina's new government has offered $6.5 billion to settle its long debt battle with "holdout" creditors, US mediator Daniel Pollack said Friday.The offer was made in New York talks with hedge funds and other creditors who have demanded repayment of about $9 billion on bonds the country defaulted on 15 years ago.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Fixed Income - Americas

US Treasury cuts coupon offerings for Q1 WASHINGTON: The US Treasury said on Wednesday it will reduce the offering size of coupon securities across the board during the first quarter in order to increase the level of Treasury bills it offers. The department said there will be a reduction of $1 billion to each of the next five-year, seven-year, 10-year and 30-year nominal coupon offering sizes, for both new issues and reopenings. The changes will take effect with the 10- and 30-year ...

Markets - Fixed Income - Americas

Yields drop to nine-month lows as oil prices resume slide NEW YORK: US Treasury yields fell to nine-month lows on Tuesday on safety buying as oil prices resumed their slide, with investors also focused on a closely watched employment report on Friday for signs about the strength of the US economy. Volatile oil and stock prices have boosted demand for safe-haven bonds in recent weeks. Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for ...

Markets - Fixed Income - Americas

Bond prices rise on dovish Fed concerns, recovering oil NEW YORK: US Treasury debt prices were slightly higher on Tuesday as the Federal Reserve began its two-day meeting, with investors anticipating the meeting would conclude with a dovish statement by the central bank saying it will not raise rates as many times as it hoped it would this year. Treasury price gains were limited by a recovery in oil prices, which paired with corporate earnings, drove investor appetite for equities. Oil prices were lifted ...

Markets - Fixed Income - Americas

US bond losses grow after poor TIPS sale NEW YORK: US Treasuries prices extended their earlier drop on Thursday after weak investor demand at a $15 billion auction of 10-year Treasury Inflation Protected Securities resulted in their highest yield since May 2011. The 30-year bond was down as much as 1 point in price with a yield of 2.808 percent. It was last down 24/32 in price, yielding 2.793 percent, up 4 basis points from late on Wednesday. Copyright Reuters, 2016 ...