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Americas

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 percent, the most in over six years and twice as much as markets had feared. The data weighed on risk assets and in Japan, the 30-year Japanese government bond yield sank to a fresh record low after firm demand at an auction of the maturity added bids. "The combination of weak Chinese data and low Japanese yields has precipitated a significant flattening of the curve with the long bond leading the way," said Aaron Kohli, ...

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 ...

Markets - Fixed Income - Americas

Bonds gain as Saudi oil comments spook risk markets NEW YORK: US Treasury yields fell on Tuesday after Saudi Oil Minister Ali Al-Naimi effectively ruled out production cuts by major crude producers anytime soon, sending oil and stock prices lower. Naimi said he was confident more nations would join a pact to freeze output at existing levels in talks expected next month, but that markets should not view the nascent agreement as a prelude to production cuts. Signs that the oil and equity markets ...

Markets - Fixed Income - Americas

US sells 2-year notes at lowest yield since Sept NEW YORK: The US Treasury Department on Tuesday sold $26 billion of two-year notes at a yield of 0.752 percent, which was the lowest level since the two-year auction held in September, Treasury data showed. The ratio of the bids on the latest two-year supply offered was 2.91, compared with 2.90 in January. The latest two-year note sale, which was a part of this week's $88 billion fixed-rate coupon supply, "went off without any difficulties," ...

Markets - Fixed Income - Americas

Yields rise ahead of auction as stocks recover NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Comments by US Federal Reserve Chair Janet Yellen acknowledging recent market turmoil offset some of ...