05252016Wed
Last update: Wed, 25 May 2016 08am

Americas

Markets - Fixed Income - Americas

US T-bill rates jump on debt ceiling worries NEW YORK: Interest rates on US Treasury bills due in November jumped on Monday on worries the absence of a deal to raise the federal borrowing limit will result in the government delaying payments on its debt obligations. About $235 billion of Treasury bill issues are scheduled to mature next month. Jitters about delayed repayments to T-bill holders in less than a month distorted the interest rates in this sector. Last week, Treasury Secretary Jack Lew urged federal lawmakers to increase the statutory borrowing cap, currently at $18.1 trillion as the government will be unlikely to issue new debt after Nov. 3. "It's all related to the debt ceiling," Tom Simons, money market strategist at Jefferies & Co. in New York said of the jump in November T-bill rates. Analysts projected the Treasury will run out of cash by mid-November. On the open market, the interest rate on the T-bill ...

Markets - Fixed Income - Americas

Yields rise after US data supports view of earlier Fed rate hike NEW YORK: US Treasuries yields rose slightly on Thursday after data showed a measure of US consumer prices that strips out food and energy costs rose more than expected in September, marginally supporting views of a 2015 Federal Reserve rate hike. The so-called core CPI rose 0.2 percent last month, Labor Department data showed, while economists polled by Reuters had expected the measure to remain unchanged from August at 0.1 percent. In the 12 months ...

Markets - Fixed Income - Americas

US bond prices turn up as stocks lose early gains NEW YORK: US Treasuries prices erased earlier losses and briefly turned higher on Friday as Wall Street stocks pared gains, reviving some safehaven demand for US government debt.Benchmark 10-year Treasuries notes were last little changed in price to yield 2.108 percent, while the 30-year bond was up 6/32 in price with a yield of 2.934 percent, down 1 basis point from late on Thursday.Earlier, 10-year and 30-year yields rose to their highs in about two ...

Markets - Fixed Income - Americas

US bond prices fall with Bund, equities rally NEW YORK: US Treasuries prices fell on Wednesday as a recovery in oil prices spread to global stock markets and a failed German debt auction encouraged investors to move into stocks from bonds, ahead of a $21 billion 10-year note auction. The sell-off in Treasuries followed Berlin's third failed auction, where low yields suppressed investor appetite for a German 10-year benchmark Bund, suggesting that investors are not prepared to increase exposure to bonds. "The failed ...

Markets - Fixed Income - Americas

US bond prices jump after disappointing jobs report NEW YORK: US Treasury debt prices rose on Friday with benchmark yields falling to their lowest in 5-1/2 weeks as a weak jobs report for September reduced economists' expectations that the Federal Reserve will raise interest rates this year. Employers hired 142,000 people last month, far below the 203,000 forecasters expected and August numbers were revised lower to show only 136,000 jobs were added in August, the US Labor Department said. "The US economy has ...

Markets - Fixed Income - Americas

Bond prices advance as stocks, commodities fall NEW YORK: US Treasuries prices gained on Monday as global equity prices fell amid concerns over sluggish economic growth in China and falling commodity prices, ahead of Friday's highly anticipated employment report. Worries about global growth have reduced investor appetite for risk and increased demand for safe-haven bonds, even as US data shows a still-strengthening economy. A 30 percent plunge in shares of mining giant Glencore traded in London, and an 8.8 percent drop in ...

Markets - Fixed Income - Americas

US bonds fall with Bunds on euro zone growth data NEW YORK: US Treasuries prices fell on Wednesday along with their German counterparts as data showing an expected slight fall in euro zone manufacturing growth reduced anxiety about global growth that was briefly heightened by a dismal reading on China's economy. Euro zone business growth slowed this month, a survey showed. Markit's Composite Flash Purchasing Managers' Index came in at 53.9, down from 54.3 in August. A Reuters poll had predicted a dip to 54.1. ...