05272016Fri
Last update: Fri, 27 May 2016 05pm

Americas

Markets - Fixed Income - Americas

C$ little changed as global stocks sell-off slows TORONTO: The Canadian dollar was little changed against its US counterpart on Tuesday as a global equities sell-off slowed following deep losses on Monday, although crude oil prices turned lower.Relief at China's intervention to steady its markets was short-lived, but US stock index futures pared earlier losses. US crude prices fell 0.84 percent to $36.45 a barrel, while Brent crude lost 1.18 percent to $36.78.At 9:19 a.m. EST (1419 GMT), the Canadian dollar was trading at C$1.3938 to the greenback, or 71.75 US cents, slightly firmer than Monday's close of C$1.3941, or 71.73 US cents.The currency's strongest level of the session was C$1.3898 and its weakest level was C$1.3955. It hit its weakest level in more than 11 years on Dec. 18 at $1.4003.Against the euro, the Canadian dollar firmed to C$1.4946, its strongest level since mid-December. Euro zone core inflation slowed for the second month in a row in ...

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 ...

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 ...