05042016Wed
Last update: Wed, 04 May 2016 12pm

Americas

Markets - Fixed Income - Americas

Long-dated bond prices up after two-year auction, falling oil NEW YORK: US Treasuries prices rose on Monday in light and choppy trading after a solid two-year auction as falling oil prices stoked demand for longer-dated bonds.Strong investor demand at the Treasury's $26 billion two-year debt sale surprised many investors who expected short-dated issues to be under pressure after the Federal Reserve raised interest rates earlier this month."Going into the auction people were falling into the trap that the two-year is the most susceptible to the Fed hike, but that wasn't the case," said George Goncalves, head of US rates strategy at Nomura Securities International in New York.The yield on two-year notes reached 1.04 percent overnight, marking the highest level since May 2010, in a move traders attributed to year-end light volume and market choppiness."If you look at the composition of the surprisingly strong demand today, it suggests there were large pools that just had to be allocated by year-end," ...

Markets - Fixed Income - Americas

Dollar hits two-week highs in wake of Fed rate hike NEW YORK: The US dollar hovered near a two-week high against a basket of other major currencies on Thursday a day after the Federal Reserve hiked interest rates, on the view that the central bank's move would make US assets more attractive. Analysts said the monetary policy divergence between the tightening Fed and stimulative European Central Bank and Bank of Japan was firmly in place and drawing demand for the greenback. The Fed's tightening policy ...

Markets - Fixed Income - Americas

US bond prices firm as world stock markets drop NEW YORK: US Treasuries prices edged up on Friday and benchmark yields hovered at their lowest levels in over three weeks as global stock market losses stoked demand for lower-risk government debt.Bond prices initially rose on a steep sell-off in Chinese equities after Reuters reported Chinese stock regulators widened their probe of brokerages to include the country's fourth-largest securities firm. The Shanghai Composite Index dropped 5.5 percent for its largest single-day loss since late August, ...

Markets - Fixed Income - Americas

US bond prices slip ahead of 2-year auction NEW YORK: US Treasuries prices fell slightly on Monday as investors reduced their debt holdings in advance of an auction of $26 billion in two-year notes, part of this week's $90 billion in fixed-rate coupon supply. Shorter-dated issues have been under pressure on the notion that the Federal Reserve will raise interest rates at its policy meeting in December. This has spurred investors to reduce their shorter-dated debt holdings in favor of longer-dated maturities, flattening ...

Markets - Fixed Income - Americas

Argentina bonds give back gains on profit taking NEW YORK: Argentine bond prices were giving back some earlier gains on Monday as investors took profits following a widely expected victory for market favorite Mauricio Macri in the presidential elections over the weekend. Bonar 2024s were being offered at 103.00 after being bid at that level earlier today, while dollar discounts were bid at 115.50 after hitting 116.00 earlier in the session. "As we expected sellers are coming out," said Joaquin Almeyra, a fixed-income ...

Markets - Fixed Income - Americas

US yield curve flattens on claims data, Fed minutes NEW YORK: Longer-dated US Treasuries fared better than shorter-dated issues on Thursday after data showed fewer Americans filed for unemployment benefits last week, further supporting the view that the Federal Reserve will raise interest rates in December. The curve-flattening move is based on the view that after the US central bank ends its near-zero rate policy, shorter-term Treasury yields would rise faster than longer-dated ones. The yield gap between the US five-year note and the ...

Markets - Fixed Income - Americas

Brazil leads region higher against bullish backdrop NEW YORK: Brazilian bonds were leading LatAm assets higher on Tuesday as a more bullish tone on Wall Street encouraged investors to bargain hunt after last week's sell-off. "It is a rip-fest," said a New York-based trader focused on Brazilian bonds. "Sentiment seems to have changed, and people are being more constructive on Brazil as it has gotten cheap." Brazilian sovereign bonds were 8bp-10bp tighter, holding up as 10-year US Treasury yields jumped to 2.3% ...