09282016Wed
Last update: Wed, 28 Sep 2016 05am

Americas

Markets - Fixed Income - Americas

Venezuela crisis is opportunity for foreign bond investors NEW YORK/LONDON: As Venezuela's economy teeters on the edge of collapse and some people go hungry, a growing number of foreign investors are reaping outsized returns betting on the oil-rich nation's depressed debt. Venezuela's bonds have sunk so low amid a deep crisis that even if it defaults on its debt, bondholders reckon there will still be rewards when the South American country eventually recovers, helped by its huge reserves of crude.Venezuelan dollar bonds on average have returned an impressive 14.1 percent so far this year, according to Datastream figures. That means investors have reaped around $3.5 billion in returns from the bonds already in 2016, according to a calculation by London-based brokerage Exotix Partners.The figure is nearly three times the $1.2 billion Venezuela plans to spend on imports of pharmaceuticals this year as dire shortages of medicines from anti-itch skin cream to chemotherapy drugs hit home.The crisis has forced ...

Markets - Fixed Income - Americas

Bonds steady as Fed rate view in focus NEW YORK: US Treasuries were steady on Tuesday as investors evaluated when the Federal Reserve is likely to next raise interest rates, a day after Fed Chair Janet Yellen was viewed as taking a less hawkish view on rate hikes.In a highly anticipated speech on Monday Yellen gave a largely upbeat assessment of the US economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave ...

Markets - Fixed Income - Americas

Bonds steady as Fed rate view in focus NEW YORK: US Treasuries were steady on Tuesday as investors evaluated when the Federal Reserve is likely to next raise interest rates, a day after Fed Chair Janet Yellen was viewed as taking a less hawkish view on rate hikes.In a highly anticipated speech on Monday Yellen gave a largely upbeat assessment of the US economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave ...

Markets - Fixed Income - Americas

Yields end day higher as Yellen sees rate hikes NEW YORK: US Treasuries reversed some price declines but still ended weaker on Monday after Federal Reserve Chair Janet Yellen said a strengthening economy means that interest rate increases are likely on the way, while also acknowledging Friday's disappointing employment report."Positive economic forces have outweighed the negative" for the United States now that risks from earlier this year have diminished, Yellen said.In her public comments, the last by any US central banker before next week's ...

Markets - Fixed Income - Americas

US debt yields drop on oil, jobs data uncertainty NEW YORK: US Treasury debt yields fell across the board on Thursday, undermined by worries about OPEC failing to agree on oil output, concerns over Britain's future in the EU, and overall uncertainty ahead of Friday's US non-farm payrolls report. Yields, which move inversely to prices, slid to two-week lows on 10-year notes and 30-year bonds. Thursday's OPEC meeting ended with no new policy or ceiling amid resistance from Iran, although Saudi Arabia vowed not ...

Markets - Fixed Income - Americas

US Treasury holds test on reporting large bond positions NEW YORK: The US Treasury Department on Wednesday asked for holders with large stakes in the most recently issued 10-year government note as of May 16 to provide information on their positions in a test of a rule change on reporting big positions in Treasuries. The rule amendment, which was published in December 2014 and went into effect in March 2015, was intended for the Treasury to understand the supply and demand dynamics behind particular ...

Markets - Fixed Income - Americas

US debt yields ease as equities fall NEW YORK: US Treasury debt yields slipped from multiweek highs on Tuesday, after US stocks fell following a mixed batch of economic data that dampened expectations for an interest rate increase by the Federal Reserve in June.Yields on US two-year notes, the maturity most sensitive to Fed rate expectations, fell from their strongest level in more than two months hit earlier in the session. The long-end of the curve also retreated, with yields on benchmark ...