08272016Sat
Last update: Sat, 27 Aug 2016 06pm

Americas

Markets - Fixed Income - Americas

Yields fall to 2-week lows after ADP jobs data NEW YORK: US Treasury yields fell to their lowest level in two weeks on Wednesday after a reading on US jobs data for April missed expectations, posting the weakest gain in three years, but yields pared those losses after an improvement in the US trade balance.Private employers in the US added 156,000 jobs last month, well below economists' expectations and the weakest gain since April 2013, a report from payrolls processor ADP National Employment showed on Wednesday.Economists surveyed by Reuters had forecast a gain of 196,000 jobs, with estimates ranging from 116,000 to 225,000.Yields rebounded somewhat from their session lows after a separate report showed the US had cut its trade deficit to $40.4 billion dollars in March. The trade gap was expected to fall to $41.5 billion from $47 billion in February.Imports fell to their lowest since 2010, the Commerce Department reported, pushing the deficit to its smallest since ...

Markets - Fixed Income - Americas

US sells one-month T-bills at lowest rate since December NEW YORK: The US Treasury Department on Tuesday sold $40 billion of one-month bills at an interest rate of 0.17 percent, which was the lowest level since a one-month T-bill auction held on Dec. 29, Treasury data showed. Last week, the Treasury sold $35 billon of one-month T-bills at an interest rate of 0.190 percent. The ratio of bids to the amount offered at the latest one-month bill sale was 3.63, lower than 3.83 the ...

Markets - Fixed Income - Americas

AT&T out with five-part tap of existing bonds NEW YORK: AT&T is tapping five of its existing US dollar bonds to refinance debt, a source familiar with the details told IFR on Tuesday. The telecom giant, rated Baa1/BBB+/A-, plans to increase the size of bonds maturing between three and 30 years. BNP Paribas, Mizuho, Morgan Stanley and RBC are leading the trade, and plan to price it on Tuesday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US bond prices pare losses after March spending data NEW YORK: US Treasury prices trimmed earlier losses on Friday as weaker-than-forecast data on consumer spending in March supported the notion of a sluggish US economic expansion, which may keep the Federal Reserve from raising interest rates in June. Benchmark 10-year Treasury notes were 5/32 lower for a yield of 1.856 percent, up nearly 2 basis points from late on Thursday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US 10-year TIPS breakeven rate hits highest since August NEW YORK: The US bond market's gauge on investors' inflation outlook in 10 years rose on Thursday to its strongest level since early August due to higher oil prices and data that showed faster than forecast domestic price growth in the first quarter. The yield differences between 10-year Treasury Inflation Protected Securities and regular Treasuries, or inflation breakeven rates, are seen as a proxy on investors' 10-year inflation expectations. The 10-year TIPS breakeven rate increased ...

Markets - Fixed Income - Americas

US longer-dated bonds rally as Fed keeps option on June hike NEW YORK: Longer-dated US Treasury debt prices jumped on Wednesday, snapping a seven-day streak of increases, as the Federal Reserve left the door open for an interest rate increase in June, making shorter-dated government debt less appealing.A wave of buying in 10- and 30-year Treasuries emerged as traders piled into curve-flattening trades that favor these longer debt maturities over short-dated ones, investors said."The curve is flattening here, which is what has happened in the past ...

Markets - Fixed Income - Americas

US bond prices trim losses after 5-year auction NEW YORK: US Treasury prices scaled back their losses on Tuesday as an earlier spike in yields drew decent demand for a $34 billion auction of five-year government debt, reviving bids for other maturities. Benchmark 10-year Treasury notes were down 8/32 in price with a yield of 1.932 percent, up 3 basis points from late on Monday. Earlier Tuesday, the 10-year yield reached a five-week high of 1.941 percent, according to Reuters data. Copyright Reuters, ...