05282016Sat
Last update: Sat, 28 May 2016 07am

Americas

Markets - Fixed Income - Americas

US Treasury cuts coupon offerings for Q1 WASHINGTON: The US Treasury said on Wednesday it will reduce the offering size of coupon securities across the board during the first quarter in order to increase the level of Treasury bills it offers. The department said there will be a reduction of $1 billion to each of the next five-year, seven-year, 10-year and 30-year nominal coupon offering sizes, for both new issues and reopenings. The changes will take effect with the 10- and 30-year nominal note and bond auctions being announced on Wednesday.In aggregate nominal coupon issuance will be reduced by $12 billion over the coming quarter. In its quarterly refunding announcement on Wednesday, Treasury said it would auction $62 billion in coupon debt next week.The move to increase bill supply comes at a time when the supply of bills outstanding as a percentage of the total Treasury portfolio is at the lowest in decades while demand for bills ...

Markets - Fixed Income - Americas

Yields drop to nine-month lows as oil prices resume slide NEW YORK: US Treasury yields fell to nine-month lows on Tuesday on safety buying as oil prices resumed their slide, with investors also focused on a closely watched employment report on Friday for signs about the strength of the US economy. Volatile oil and stock prices have boosted demand for safe-haven bonds in recent weeks. Oil fell around 4 percent on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for ...

Markets - Fixed Income - Americas

Bond prices rise on dovish Fed concerns, recovering oil NEW YORK: US Treasury debt prices were slightly higher on Tuesday as the Federal Reserve began its two-day meeting, with investors anticipating the meeting would conclude with a dovish statement by the central bank saying it will not raise rates as many times as it hoped it would this year. Treasury price gains were limited by a recovery in oil prices, which paired with corporate earnings, drove investor appetite for equities. Oil prices were lifted ...

Markets - Fixed Income - Americas

US bond losses grow after poor TIPS sale NEW YORK: US Treasuries prices extended their earlier drop on Thursday after weak investor demand at a $15 billion auction of 10-year Treasury Inflation Protected Securities resulted in their highest yield since May 2011. The 30-year bond was down as much as 1 point in price with a yield of 2.808 percent. It was last down 24/32 in price, yielding 2.793 percent, up 4 basis points from late on Wednesday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

Brazil's Petrobras cancels plan to sell local-market bonds RIO DE JANEIRO: Brazil's state-led oil company Petroleo Brasileiro SA said on Friday it had canceled plans to sell as much as 3 billion reais ($744 million) of local-market bonds after being unable to sell the debt at rates acceptable to both the company and investors.Petrobras, as the company is commonly known, had interrupted its plan to sell the debt in October in the hope that market conditions would improve.Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US 30-year bond sale fetches soft demand NEW YORK: The US Treasury Department on Thursday sold $13 billion of 30-year bonds to soft demand, resulting in a yield of 2.905 percent, the lowest since August, Treasury data showed. The yield on the latest 30-year bond supply, however, came in nearly 2 basis points than what traders had expected, signaling reduced safe-haven demand with Thursday's rebound in stock and oil prices from losses, analysts said. The ratio of bids to the amount of ...

Markets - Fixed Income - Americas

New Argentine govt resumes talks with 'vulture' creditors NEW YORK: The new Argentine government reopened talks with bondholders in New York Wednesday that for years have blocked the struggling country's access to global capital markets.Officials said they plan to submit a proposal later this month, which they hope will finally provide a resolution to the long-running financial crisis.Talks between bondholders and representatives of the new government of President Mauricio Macri, who has pledged to reform and revitalize the Argentine economy, opened in Manhattan ...