08272016Sat
Last update: Sat, 27 Aug 2016 12am

Americas

Markets - Fixed Income - Americas

Mexico sets guidance on two-part US dollar bond NEW YORK: Mexico tightened pricing on a two-part US dollar bond on Monday, as demand for the deal swelled close to US$9bn, according to one of the lead managers. The sovereign set guidance of Treasuries plus 150bp area on a tap of its 4.125pc January 2026s and 210bp area on a new long 30-year maturing in January 2047, with area at plus or minus 5bp. That was tight to initial price thoughts of T+165bp area and T+225bp area respectively. Proceeds are going to buy back up to all of Mexico's roughly US$2.67bn of outstanding 5.625pc 2017s. Joint bookrunners BBVA, Bank of America Merrill Lynch and Credit Suisse are expected to price the bonds later on Monday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Americas

Yields jump as US jobs data boosts bets on Fed rate hike NEW YORK: US Treasury yields jumped on Friday, with three-year yields hitting one-week highs, after data showing US employment increased more than expected in July and a wages rise boosted expectations for a 2016 Federal Reserve interest rate hike.Nonfarm payrolls increased by 255,000 jobs last month as hiring rose broadly after an upwardly revised 292,000 surge in June, the Labor Department said. Economists polled by Reuters had forecast payrolls increasing 180,000 in July.While the unemployment ...

Markets - Fixed Income - Americas

US 30-year mortgage rate back near 3-year low NEW YORK: Interest rates on US 30-year mortgages fell back near three-year lows in step with benchmark Treasury yields, prompted by concerns about a slowing US economic expansion, mortgage finance agency Freddie Mac said on Thursday.The average 30-year mortgage rate was 3.43 percent in the week ended Aug. 4, down from 3.48 percent in the previous week, Freddie Mac said in its latest mortgage rate survey.In early July, the 30-year mortgage rate hit a three-year ...

Markets - Fixed Income - Americas

US yields rise after Japan unveils fiscal stimulus NEW YORK: US Treasury yields surged on Tuesday after Japan unveiled fiscal stimulus measures, dampening demand for US government debt and sending long-dated US yields to their highest levels in more than a week.Japanese Prime Minister Shinzo Abe's Cabinet approved $132 billion in fiscal measures, sending Japanese government bond yields higher. But even before the announcement, those bonds saw their worst sell-off in more than three years as investors feared the Bank of Japan (BOJ) ...

Markets - Fixed Income - Americas

Yields rise on Microsoft bond offering, profit-taking NEW YORK: US Treasury yields rose on Monday from Friday's multi-week lows in anticipation of a corporate bond offering from Microsoft, with profit-taking also fueling the move.Microsoft is selling a seven-tranche US dollar bond Monday to finance its acquisition of LinkedIn, one of the banks managing the deal told IFR. Two market sources told IFR they expect the Microsoft bond to be US $15 billion in size.The view that yields were likely headed higher after ...

Markets - Fixed Income - Americas

US bonds flat as report on BoJ offsets weak data NEW YORK: US Treasury prices were little changed on Thursday, with longer-dated yields dropping to two-week lows, as the possibility of more stimulus from the Bank of Japan offset softer-than-expected readings on traded goods and jobless claims.The mildly disappointing data supported the notion the US economy is not strong enough for the Federal Reserve to raise interest rates before the end of the year at the earliest; on Wednesday, the Fed left interest rates unchanged.The ...

Markets - Fixed Income - Americas

Bids at US 5-year note sale weakest in 7 years NEW YORK: The latest US five-year Treasury note auction drew the lowest overall bidding in seven years on Tuesday as some investors refrained from purchases as Federal Reserve policy makers were meeting. The five-year Treasury sale followed a poor $26 billion two-year note auction on Monday. The Treasury will complete this week's coupon-bearing supply sale with a $28 billion seven-year debt auction on Thursday.The ratio of bids to the $34 billion five-year debt offered was ...