06292016Wed
Last update: Wed, 29 Jun 2016 06am

Americas

Markets - Fixed Income - Americas

Prices edge higher as investors square up ahead of FOMC NEW YORK: US Treasury debt prices rose on Monday, rebounding from an aggressive selloff last week, as investors tried to get back to neutral positions ahead of this week's two-day Federal Open Market Committee meeting. Long-term yields, which move inversely to prices, fell for the first time in four days. Yields were also pressured by the drop in oil prices, analysts said. Benchmark 10-year yields hit a five-week high on Friday, capping broad gains on the back of the European Central Bank's suite of stimulus measures to revive a slumping euro zone economy.The ECB moves boosted riskier assets last week such as stocks and weighed on safe havens such as US Treasuries. That rise in yields is now being unwound. Kim Rupert, managing director of global fixed income at Action Economics in San Francisco, said the market may be overpricing the prospect of interest rate hikes by the Fed given ...

Markets - Fixed Income - Americas

US bond yields dip after ECB eases policy NEW YORK: US Treasury yields fell slightly on Thursday in choppy trading after the European Central Bank lowered key interest rates and expanded its bond purchase program in a bid to support the euro zone's fragile economy. The ECB surprised investors with an unexpected cut of its main refinancing rate to zero from 0.05 percent. As expected, it lowered its deposit rate to -0.4 percent and raised its monthly bond purchases to 80 billion euros. ...

Markets - Fixed Income - Americas

US bond prices fall with Japanese bonds, ahead of Treasuries sale NEW YORK: US Treasury prices followed Japanese bonds lower on Wednesday, easing from a rally sparked by concerns of a Chinese economic slowdown, and Treasury's upcoming auction also added to bearish sentiment. Safe-haven US government debt yields rose from one-week lows reached on Tuesday as investors locked in gains from the previous session's rally, which followed Japanese government yields falling to record lows. Tuesday's rally was spurred by data that showed exports in China fell ...

Markets - Fixed Income - Americas

US bond yields drop as Chinese data weighs on risk appetite NEW YORK: US Treasury yields fell on Tuesday in line with Japanese yields after weak Chinese data revived fears of a global economic slowdown, increasing demand for safe-haven US government debt ahead of a 3-year note auction. Yields on the benchmark 10-year Treasury note and on the 30-year bond fell from one-month highs overnight after data showed China's February trade performance was far worse than economists had expected.Exports in the world's second-largest economy fell 25.4 ...

Markets - Fixed Income - Americas

Wall Street watchdog's board approves bond-markup rules The Financial Industry Regulatory Authority's board of governors has approved a plan that would require brokerage firms to disclose how much they mark up the price of most bonds they sell to retail customers, the Wall Street watchdog said on Friday.FINRA's controversial plan is similar to a parallel proposal by the Municipal Securities Rulemaking Board (MSRB), which regulates municipal advisers and bond dealers. The joint plan aims to help the public assess the reasonableness of ...

Markets - Fixed Income - Americas

Yields fall as global growth concerns weigh NEW YORK: US Treasury yields fell on Thursday as investors remained cautious on the outlook for global growth, with yields also undergoing a sharp, if brief, drop after the government postponed its seven-year note auction.Treasuries have largely followed oil moves as tumbling prices this year have stoked concerns about slowing global growth and the efficacy of central bank policies meant to try to spur new investment.Bonds pared price gains, but still ended stronger on Thursday ...

Markets - Fixed Income - Americas

Argentina, 'vultures' said close to deal on bonds NEW YORK: Argentina and the two hedge funds it has branded "vultures" are close to a deal to settle the funds' bond claims, a lawyer said Wednesday."We are this close to a deal," Matthew McGill, a lawyer for one of the two funds, NML Capital, said in the federal district court in Manhattan."We have an agreement on economic terms," he said, without explanation.If true, an end to a decade-old battle over Argentina's bond repayment obligations ...