02092016Tue
Last update: Tue, 09 Feb 2016 04pm

Americas

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 under the guidance of the court-appointed mediator Daniel Pollack."We'll be presenting Argentina's proposal during the week of Monday, January 25 to Pollack and to the holdout firms" Luis Caputo, an official representing Buenos Aires said at the close of five hours of negotiations on the first day of talks.The previous administration of Cristina Kirchner had refused to compromise with the creditors, mainly hedge funds it branded "vultures," after a US court ordered the country to ...

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 ...

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 ...