01202017Fri
Last update: Fri, 20 Jan 2017 06am

Americas

Markets - Fixed Income - Americas

US housing price gains steady in August WASHINGTON: Growth in US housing prices was steady in August, with the western cities of Portland, Seattle and Denver again seeing the strongest gains, according to survey data released Tuesday.The S&P Case-Shiller price index, which covers 20 major cities, were up 5.1 percent year-on-year in the month, matching analyst expectations and rising a tenth of a point from July.Month over month, the index rose 0.5 percent on a seasonally adjusted basis. Home prices were still 7.2 percent below the pre-mortgage crisis peak in 2006.David Blitzer, head of the index committee index S&P Dow Jones Indices, said the price gains were supported by the US economy's modest growth."All 20 cities saw prices higher than a year earlier with 10 enjoying larger annual gains than last month," he said in a statement.Most observers expect the era of low home mortgage interest rates to persist into 2017, despite the likelihood that the Federal ...

Markets - Fixed Income - Americas

US Treasury official sees limited public sharing of bond data NEW YORK: A US Treasury official said on Monday there are benefits for limited public sharing of trade data on US government securities for traders and investors to gain an understanding of the changing structure of the $13.6 trillion market. Last week, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority's proposal to require its members to report their trades of US Treasuries. "Treasury remains committed to close and careful review of the ...

Markets - Fixed Income - Americas

US bonds trim gains after exiting home sales data NEW YORK: US Treasury prices pared earlier gains on Thursday as a stronger-than-expected increase in domestic home resales in September reduced some pessimism about the housing sector and worries about slowing economic growth. Benchmark 10-year Treasury notes were up 2/32 in price for a yield of 1.743 percent, down nearly 1 basis point from late on Wednesday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US bond yields rise on huge Saudi bond deal NEW YORK: US Treasury yields rose on Wednesday as dealers sold government bonds to hedge Saudi Arabia's first-ever global bond issue of $17.5 billion.Saudi's multi-part debt offering drew heavy investor demand as the world's top oil exporter sought to borrow at historic low yields.Bond dealers typically sell Treasuries to hedge against an issue they underwrite and then buy them back after it is sold."It's a huge deal. There's some rate-lock selling," said Mary Ann Hurley, ...

Markets - Fixed Income - Americas

US bond prices turn higher after Sept CPI data NEW YORK: US Treasury prices rose on Tuesday, erasing earlier losses as data showed underlying inflation moderated in September, supporting the view there is ample slack in the economy and the Federal Reserve would stay on a glacial path to raise interest rates. Benchmark 10-year Treasury notes were up 2/32 in price for a yield of 1.757 percent, down 1 basis point from late on Monday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US bond yields rise on corporate hedging NEW YORK: US Treasury yields rose on Tuesday with benchmark yields hovering near four-month highs as bond dealers sold government bonds to hedge a large global bond issue from Saudi Arabia they are underwriting.Bond yields had fallen earlier following a government report on domestic consumer prices which showed underlying inflation trend moderated in September. This raised concerns it may take longer than expected for inflation to reach the Federal Reserve's 2-percent target."The Saudi deal. That's ...

Markets - Fixed Income - Americas

Prices rise after weak Chinese data as market eyes 30-year auction NEW YORK: US Treasury prices rose on Thursday as weak Chinese data pushed investors to buy safe-haven government debt after two straight days of selling. China's exports fell 10 percent for September from a year earlier, far worse than the 3 percent fall expected, and imports unexpectedly shrank, suggesting an apparent recovery in the world's second-largest economy may not be materializing. Market participants were also looking to a 30-year bond auction later in the day ...