06282016Tue
Last update: Tue, 28 Jun 2016 04pm

Americas

Markets - Fixed Income - Americas

Brazil's Petrobras cancels plan to sell local-market bonds RIO DE JANEIRO: Brazil's state-led oil company Petroleo Brasileiro SA said on Friday it had canceled plans to sell as much as 3 billion reais ($744 million) of local-market bonds after being unable to sell the debt at rates acceptable to both the company and investors.Petrobras, as the company is commonly known, had interrupted its plan to sell the debt in October in the hope that market conditions would improve.Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

US 30-year bond sale fetches soft demand NEW YORK: The US Treasury Department on Thursday sold $13 billion of 30-year bonds to soft demand, resulting in a yield of 2.905 percent, the lowest since August, Treasury data showed. The yield on the latest 30-year bond supply, however, came in nearly 2 basis points than what traders had expected, signaling reduced safe-haven demand with Thursday's rebound in stock and oil prices from losses, analysts said. The ratio of bids to the amount of ...

Markets - Fixed Income - Americas

New Argentine govt resumes talks with 'vulture' creditors NEW YORK: The new Argentine government reopened talks with bondholders in New York Wednesday that for years have blocked the struggling country's access to global capital markets.Officials said they plan to submit a proposal later this month, which they hope will finally provide a resolution to the long-running financial crisis.Talks between bondholders and representatives of the new government of President Mauricio Macri, who has pledged to reform and revitalize the Argentine economy, opened in Manhattan ...

Markets - Fixed Income - Americas

Yields little changed on potential for hawkish Fed NEW YORK: Safe-haven US Treasury yields were little changed on Thursday, with traders cautious about pushing yields below multi-week lows touched in early trading, amid continued potential for an aggressive path of Federal Reserve interest rate hikes this year. Benchmark 10-year Treasury yields hit 2.119 percent in early trading to mark their lowest level in 10 weeks, but later drifted higher. All other yields on Treasuries maturing between 2-30 years hit over three-week lows in ...

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 ...

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 ...