07302016Sat
Last update: Sat, 30 Jul 2016 12am

Americas

Markets - Fixed Income - Americas

Short-dated yields highest since late March after Fed minutes NEW YORK: Short-dated US Treasury yields rose to their highest in nearly two months on Wednesday after the minutes of the Federal Reserve's April meeting showed most policymakers said an interest rate rise may be appropriate at its meeting in June. Yields had risen this week after data showed US inflation rising by the most in three years in April as well as higher industrial output and housing starts.CME fed fund futures showed that the probability of a June rate increase by the Fed rose to 34 percent after the release of the FOMC minutes on Wednesday from 19 percent earlier in the day, 15 percent on Tuesday, and less than 1.0 percent a month ago, according to CME group's FedWatch."The big headline is that the door for June is open," said Collin Martin, a fixed income strategist at Charles Schwab in New York. "Most Fed officials saw June as ...

Markets - Fixed Income - Americas

Canadian home prices to rise further through 2017 OTTAWA: Canadian home sales and new construction will likely dip by 2017 even as prices broadly rise in a market where regional differences will continue to play out, the country's federal housing agency predicted on Wednesday. Canada's housing market has been robust in the years since the financial crisis, partly boosted by low interest rates. But the drop in oil prices has led to divergences as commodity-sensitive regions slow and major cities such as Toronto ...

Markets - Fixed Income - Americas

Yields at highest levels in weeks ahead of Fed minutes NEW YORK: US Treasury yields rose to their highest levels in about two weeks or longer on Wednesday on concern that minutes from the Federal Reserve's last policy meeting could signal another interest rate increase is looming as early as next month. The move was most pronounced at the front end of the yield curve, with yields on two- and three-year Treasury notes hitting their highest levels in three weeks. Benchmark 10-year notes and 30-year ...

Markets - Fixed Income - Americas

JGBs edge down, BOJ purchases underpin sentiment TOKYO: Japanese government bonds edged down on Wednesday, largely shrugging off a better-than-expected gross domestic product report, while the Bank of Japan's purchases underpinned sentiment.The benchmark 10-year JGB yield rose 1 basis point to minus 0.105 percent. June 10-year futures ended down 0.09 point at 151.83.The 20-year JGB yield added 1.5 basis points to 0.275 percent.The BOJ offered to buy 350 billion yen of JGBs in the one- to three-year zone, 440 billion yen of ...

Markets - Fixed Income - Americas

Yields little moved as investors unimpressed by US data NEW YORK: US Treasuries were little changed on Tuesday as investors reversed early selling spurred by stronger-than-expected consumer price data. Yields on two- and three-year notes rose to their highest in nearly three weeks after the Labor Department reported that its Consumer Price Index increased 0.4 percent in April, the largest gain since February 2013. But Treasuries retraced those levels as investors dug into the report's core numbers, which largely matched expectations. Guy LeBas, chief ...

Markets - Fixed Income - Americas

Bonds steady before 10-year note auction NEW YORK: US Treasuries were steady on Wednesday before the Treasury was due to sell $23 billion in 10-year notes, the second sale of $62 billion in new coupon-bearing debt this week.The government saw strong demand for a $24 billion auction of three-year notes on Tuesday, even amid heavy corporate debt supply."We're looking at supply both in corporate land and in Treasuries," said Justin Lederer, interest rate strategist at Cantor Fitzgerald in New York. "Yesterday ...

Markets - Fixed Income - Americas

Bonds steady before three-year auction, corporate supply NEW YORK: US Treasuries were steady on Tuesday before the government is due to sell $24 billion in three-year notes, the first sale of $62 billion in coupon-bearing debt supply this week, and with heavy corporate debt sales also expected.New government and corporate debt supply is in focus with no major economic releases due until Friday's retail sales report for April."You are getting a bit of supply pressure," said Gennadiy Goldberg, an interest rate strategist ...