Wednesday, 29 August 2012 00:49
Posted by Shoaib-ur-Rehman Siddiqui
NEW YORK: US Treasuries prices rose on Tuesday as traders anticipated hints from Federal Reserve Chairman Ben Bernanke later this week of possible further monetary stimulus to help the economy.
Bets on a third round of "quantitative easing" through large-scale bond purchases, nicknamed QE3, pushed benchmark yields to three-week lows earlier on Tuesday after they touched a three-month high last week.
"It appears likely that the market will be spending the fall with a significant probability of QE3 priced in," said Hans Mikkelsen, credit strategist at Bank of America Merrill Lynch in New York.
News that Spain's most economically vital region Catalonia was requesting aid and fears the euro zone's fourth biggest economy might soon need a full-blown bailout also fed safe-haven bids for US government debt, traders and analysts said.
Benchmark 10-year notes were trading 8/32 higher in price to yield 1.63 percent, down from 1.65 percent late Monday, while 30-year bonds were ...
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NEW YORK: US Treasuries prices rose on Tuesday as traders anticipated hints from Federal Reserve Chairman Ben Bernanke later this week of possible further monetary stimulus to help the economy.
Bets on a third round of "quantitative easing" through large-scale bond purchases, nicknamed QE3, pushed benchmark yields to three-week lows earlier on Tuesday after they touched a three-month high last week.
"It appears likely that the market will be spending the fall with a significant probability of QE3 priced in," said Hans Mikkelsen, credit strategist at Bank of America Merrill Lynch in New York.
News that Spain's most economically vital region Catalonia was requesting aid and fears the euro zone's fourth biggest economy might soon need a full-blown bailout also fed safe-haven bids for US government debt, traders and analysts said.
Benchmark 10-year notes were trading 8/32 higher in price to yield 1.63 percent, down from 1.65 percent late Monday, while 30-year bonds were ...
NEW YORK: US 30-year Treasury bonds gained a point in price on Monday as investors focused on whether Federal Reserve Chairman Ben Bernanke will hint at a third round of bond purchases in a highly anticipated speech on Friday.
The long bond's yield fell to 2.76 percent from 2.80 percent late on Friday.
Copyright Reuters, 2012 ...
NEW YORK: US government debt prices rose on Thursday as traders piled on bets on more stimulus from the Federal Reserve, whose minutes from its policy meeting showed action might be imminent in a bid to reduce unemployment.
Weaker Chinese factory data and worries about a review of Greece's finances also spurred safe-haven bids for bonds. Benchmark yields fell to their lowest levels in more than a week after touching a three-month high earlier this week.
"It's ...
TORONTO: The Bank of Canada said on Thursday it plans to sell C$3 billion ($2.97 billion) of 27-day treasury bills in a cash management auction on July 20.
Copyright Reuters, 2012 ...
