Wednesday, 26 September 2012 22:16
Posted by Muhammad Iqbal
NEW YORK: US government debt prices rose on Wednesday for an eighth straight session on worries Spain's reluctance to ask for a full-blown bailout would prolong Europe's debt crisis.
The Treasuries market, as measured by the benchmark 10-year note, was on track to match its longest winning streak since late November to early December 2008, according to Reuters data.
Longer-dated US yields touched their lowest levels in more than two weeks since they spiked earlier this month in reaction to the Federal Reserve's announcement of a third large-scale bond purchase program, nicknamed QE3.
In the face of renewed appetite for US federal debt, the Treasury Department will sell $35 billion of new five-year securities on Wednesday, part of this week's $99 billion in note supply.
"Things are bumpy again in Europe. You are seeing more tension there that's leading to a predictable rally on the long end," said Eric Green, global head of rates ...
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NEW YORK: US government debt prices rose on Wednesday for an eighth straight session on worries Spain's reluctance to ask for a full-blown bailout would prolong Europe's debt crisis.
The Treasuries market, as measured by the benchmark 10-year note, was on track to match its longest winning streak since late November to early December 2008, according to Reuters data.
Longer-dated US yields touched their lowest levels in more than two weeks since they spiked earlier this month in reaction to the Federal Reserve's announcement of a third large-scale bond purchase program, nicknamed QE3.
In the face of renewed appetite for US federal debt, the Treasury Department will sell $35 billion of new five-year securities on Wednesday, part of this week's $99 billion in note supply.
"Things are bumpy again in Europe. You are seeing more tension there that's leading to a predictable rally on the long end," said Eric Green, global head of rates ...
NEW YORK: Concerns about growth highlighted by the fifth straight monthly drop in German business sentiment weakened equities and the euro and boosted safe-haven US Treasuries on Monday.
Long-dated Treasuries outperformed, balancing out their underperformance on Friday.
Stock index futures slipped. The euro was hurt by the German sentiment survey and uncertainty about Spain's progress toward asking for a bailout.
Business sentiment in Germany, the strongest of the euro zone's economies, fell in September, despite the European Central ...
TOKYO: US Treasuries were supported in Asia on Thursday, with yields paring much of their rise since the Federal Reserve' stimulus steps on growing views that such aggressive easing may not trigger inflation.
The 10-year notes traded at a yield of 1.768 percent , little changed from the late US session but near the lowest level since last Friday.
Although it is still above the level just before the Fed announced a new asset purchase programme, dubbed ...
RIO DE JANEIRO: Brazilian steelmaker CSN will issue 1.57 billion reais ($778.5 million) in bonds to spread its existing debts over a longer period and for full payment of promissory notes, the company said in a filing on Tuesday.
Copyright Reuters, 2012 ...
MEXICO CITY: The yield on Mexico's benchmark one-month Cetes was seen up at Tuesday's auction, adding 4 basis points to reach 4.19 percent, according o the average forecast of nine dealers surveyed by Reuters.
Yields on longer-term Cetes were seen mixed, with the three-month T-bill yield seen jumping 2 basis points to 4.29 percent. The six-month T-bill yield was seen holding steady at 4.48 percent.
Mexico's 10-year bond yield was seen at 5.46 percent, up 34 basis ...
