06302016Thu
Last update: Thu, 30 Jun 2016 01pm

Americas

Markets - Fixed Income - Americas

US sells one-month T-bills at lowest rate since December NEW YORK: The US Treasury Department on Tuesday sold $40 billion of one-month bills at an interest rate of 0.17 percent, which was the lowest level since a one-month T-bill auction held on Dec. 29, Treasury data showed. Last week, the Treasury sold $35 billon of one-month T-bills at an interest rate of 0.190 percent. The ratio of bids to the amount offered at the latest one-month bill sale was 3.63, lower than 3.83 the previous week. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

AT&T out with five-part tap of existing bonds NEW YORK: AT&T is tapping five of its existing US dollar bonds to refinance debt, a source familiar with the details told IFR on Tuesday. The telecom giant, rated Baa1/BBB+/A-, plans to increase the size of bonds maturing between three and 30 years. BNP Paribas, Mizuho, Morgan Stanley and RBC are leading the trade, and plan to price it on Tuesday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US bond prices pare losses after March spending data NEW YORK: US Treasury prices trimmed earlier losses on Friday as weaker-than-forecast data on consumer spending in March supported the notion of a sluggish US economic expansion, which may keep the Federal Reserve from raising interest rates in June. Benchmark 10-year Treasury notes were 5/32 lower for a yield of 1.856 percent, up nearly 2 basis points from late on Thursday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US 10-year TIPS breakeven rate hits highest since August NEW YORK: The US bond market's gauge on investors' inflation outlook in 10 years rose on Thursday to its strongest level since early August due to higher oil prices and data that showed faster than forecast domestic price growth in the first quarter. The yield differences between 10-year Treasury Inflation Protected Securities and regular Treasuries, or inflation breakeven rates, are seen as a proxy on investors' 10-year inflation expectations. The 10-year TIPS breakeven rate increased ...

Markets - Fixed Income - Americas

US longer-dated bonds rally as Fed keeps option on June hike NEW YORK: Longer-dated US Treasury debt prices jumped on Wednesday, snapping a seven-day streak of increases, as the Federal Reserve left the door open for an interest rate increase in June, making shorter-dated government debt less appealing.A wave of buying in 10- and 30-year Treasuries emerged as traders piled into curve-flattening trades that favor these longer debt maturities over short-dated ones, investors said."The curve is flattening here, which is what has happened in the past ...

Markets - Fixed Income - Americas

US bond prices trim losses after 5-year auction NEW YORK: US Treasury prices scaled back their losses on Tuesday as an earlier spike in yields drew decent demand for a $34 billion auction of five-year government debt, reviving bids for other maturities. Benchmark 10-year Treasury notes were down 8/32 in price with a yield of 1.932 percent, up 3 basis points from late on Monday. Earlier Tuesday, the 10-year yield reached a five-week high of 1.941 percent, according to Reuters data. Copyright Reuters, ...

Markets - Fixed Income - Americas

US yields hit 4-week highs; 2-year auction mediocre NEW YORK: US Treasury yields rose to four-week highs on Monday as investors moved to the sideline in anticipation of possible clues on the pace of interest rate increases from the Federal Reserve with evidence of a cooling economic expansion.A reluctance to make fresh bets hurt the $26 billion auction of two-year notes, which was the first part of the $88 billion in coupon-bearing securities the government planned to sell this week."Nobody wants to do ...