09282016Wed
Last update: Wed, 28 Sep 2016 01pm

Americas

Markets - Fixed Income - Americas

US bond prices fall as Yellen hints at rate hike NEW YORK: US Treasury prices fell on Friday with short-dated yields spiking up after Federal Reserve Chair Janet Yellen said gradual US interest rate increases would be appropriate if the economy improves further and the labor market tightens. The yield spread between short- and long-dated Treasuries narrowed in reaction to Yellen's rate-hike comment as traders favored longer maturities over shorter ones in anticipation that the Fed may raise rates as early as June. "The market wasn't looking for anything from Yellen. It ended up she said something that was a bit hawkish especially for her," said Thomas Roth, head of US Treasury trading at Mitsubishi UFJ Securities USA Inc. Market reaction was muted ahead of a three-day US holiday weekend with below-average trading volume. The US bond market closed early at 2 p.m. (1800 GMT). It will be shut on Monday for the US Memorial Day holiday. Despite the possibility ...

Markets - Fixed Income - Americas

US medium- to long-dated yields fall to session lows NEW YORK: Yields on US medium- to long-dated Treasuries fell to session lows on Thursday following solid demand at a $28 billion of seven-year note supply, the final leg of this week's $88 billion in coupon-bearing government debt issuance. Benchmark 10-year Treasury yield was down 4 basis points at 1.832 percent, while five-year yield was 5 basis points lower at 1.352 percent. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US sells T-bills at higher interest rates NEW YORK: The US Treasury Department on Monday sold $31 billion of three-month bills at an interest rate of 0.350 percent, up from 0.275 percent last week and the highest level set at an auction since Feb. 1, Treasury data showed. The ratio of bids to the amount of the latest three-month bill issue offered was 3.40, lower than 3.70 at the prior three-month T-bill sale last week. Treasury bill rates and other short-term US ...

Markets - Fixed Income - Americas

Yields post largest weekly gain in 6 months NEW YORK: US Treasury prices were little changed on Friday as investors favored riskier assets such as stocks, but bonds still turned in one of their poorest weekly performances in six months on concerns that the Federal Reserve might lift interest rates sooner than expected. For the week, yields for benchmark two- and 10-year Treasury notes rose the most since November, with most of that move coming after Wednesday's release of minutes from the Fed's ...

Markets - Fixed Income - Americas

Yields on pace for biggest weekly gain in 6 months NEW YORK: US Treasury prices were little changed on Friday as investors turned toward riskier assets such as stocks, but bonds remained on pace for one of their poorest weekly performances in six months on concerns that the Federal Reserve might lift interest rates sooner than expected.For the week, yields for benchmark two- and 10-year Treasury notes rose the most since November, with most of that move coming after Wednesday's release of minutes from the ...

Markets - Fixed Income - Americas

US 10-year TIPS sold at lowest yield in over a year NEW YORK: The US Treasury Department on Thursday sold $11 billion of 10-year Treasury Inflation Protected Securities at a yield of 0.275 percent, the lowest level since an auction held in March 2015, Treasury data showed. At the prior sale in March, the Treasury sold $11 billion of 10-year TIPS at a yield of 0.315 percent. Copyright Reuters, 2016 ...

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 ...