12072016Wed
Last update: Wed, 07 Dec 2016 07pm

Americas

Markets - Fixed Income - Americas

Yields near two-week highs after ECB taper report NEW YORK: US Treasury prices dropped and yields jumped to almost two-week highs after a report that the European Central Bank may taper asset purchases spooked investors.Bloomberg reported that ECB policymakers were building consensus that quantitative easing would need to be wound down gradually when the central bank decides to end the program.Investors are increasingly skeptical that central bank attempts to regenerate growth and inflation will be effective, and worry that asset purchase programs are creating bubbles and distorting market fundamentals."What the market has been telling you for the last month-and-a-half is that central bank policy has run out of room and they need something else to transition to because it's not working, and the question is what that is going to be," said Tom Tucci, head of Treasuries trading at CIBC in New York.Benchmark 10-year notes fell 15/32 in price to yield 1.68 percent, the highest since Sept. 21.Since ...

Markets - Fixed Income - Americas

Yields rise as Friday's jobs data in focus NEW YORK: US Treasury yields rose to one-and-a-half week highs as investors looked ahead to Friday's highly anticipated employment report for further clues on when the Federal Reserve is likely to raise interest rates, with no major new data due on Tuesday.Richmond Federal Reserve President Jeffrey Lacker, who is not a voting member of the Fed's rate-setting committee, on Tuesday said there was a strong case for raising interest rates, arguing that borrowing costs might ...

Markets - Fixed Income - Americas

US yields climb as Deutsche Bank shares, equities rally NEW YORK: US Treasury debt yields rose on Friday as risk appetite improved with the rebound in Deutsche Bank share prices and the release of generally solid US economic data that keeps the Federal Reserve on track to raise interest rates in December.US 30-year bond yields, which move inversely to prices, hit a one-week high, while US two-year notes rebounded from six-week lows to trade nearly two basis points higher on the day.A report that ...

Markets - Fixed Income - Americas

US yields inch higher on OPEC news, but downtrend intact NEW YORK: US long-dated Treasury debt yields edged higher on Wednesday, boosted by a Reuters report that OPEC has reached a deal to limit oil production, with the agreement to be implemented in November.US crude futures and Wall Street shares rose on the news, boosting risk sentiment.According to sources, OPEC agreed to limit oil output to 32.5 million barrels per day.But despite the recovery, US yields, which move inversely to prices, are still in the ...

Markets - Fixed Income - Americas

US yields flat to higher as risk appetite improves NEW YORK: US long-dated Treasury debt yields on Wednesday edged higher from three-week lows hit the previous session, as risk aversion eased with a recovery in Deutsche Bank's share price and more stable global stocks.Investors awaited Federal Reserve Chair Janet Yellen's testimony before a Congressional committee, which will be closely watched for any indication on the timing of the next interest rate hike. The Fed last week kept rates steady but flagged a December move.David ...

Markets - Fixed Income - Americas

US housing price gains slow in July WASHINGTON: US housing price growth slowed in July, with the strongest gains in the cities of Portland, Seattle and Denver, according to survey data released Tuesday.The S&P Case-Shiller price index for 20 major US cities recorded a 5 percent annual increase, down from 5.1 percent in June. Analysts had forecast gains of 5.1 percent in the index for July.Month over month, however, the seasonally adjusted twenty-city index was unchanged.Continued expansion in the housing sector coincides ...

Markets - Fixed Income - Americas

Prices rise as stocks fall ahead of US presidential debate NEW YORK: US Treasury debt prices climbed on Monday as investors sought the safety of government bonds while global equities fell, led by financials on news on Deutsche Bank that dragged its shares to record lows. Prices also rose on caution ahead of the first US presidential debate between candidates Hillary Clinton and Donald Trump, analysts said. Long-dated yields, which move inversely to prices, fell to three-week lows, while two-year note yields slid to two-week ...