08252016Thu
Last update: Thu, 25 Aug 2016 04am

Americas

Markets - Fixed Income - Americas

High-yield primary starts to heal,but still early days NEW YORK: A dramatic tightening in US high-yield bond spreads opened the primary for a few well-known issuers this week - but market players are not expecting the issuance floodgates to open, at least in the near term. Supply is due to come in at around a decent US$4bn this week - the second straight week of big inflows into the asset class. Lipper reported US$1.796bn of cash pouring into high-yield funds for the week ended March 10 following almost US$5bn the week before - the biggest weekly inflow on record. Deals were well received, providing a much needed boost to a market whacked by volatility over the last few months. A couple of the trades were upsized, including First Data's US$900m add-on and Level 3's US$775m 10-year unsecured issue - and traded well in secondary, pleasing investors. By Friday morning, Sinclair Broadcast's US$350m 10-year was trading 2.25 points above ...

Markets - Fixed Income - Americas

US prices rise, tracking Europe; Fed outlook also gives boost NEW YORK: US Treasuries rallied for a fifth straight session on Friday, in line with gains in European sovereign markets, as investors continued to snap up US government bonds with the expectation that the Federal Reserve will implement fewer rate increases this year. Benchmark 10-year note yields, which trade inversely to prices, were on track for their largest weekly drop since late January. US two-year notes, on the other hand, were on pace to post ...

Markets - Fixed Income - Americas

Prices edge higher as investors square up ahead of FOMC NEW YORK: US Treasury debt prices rose on Monday, rebounding from an aggressive selloff last week, as investors tried to get back to neutral positions ahead of this week's two-day Federal Open Market Committee meeting. Long-term yields, which move inversely to prices, fell for the first time in four days. Yields were also pressured by the drop in oil prices, analysts said. Benchmark 10-year yields hit a five-week high on Friday, capping broad gains on ...

Markets - Fixed Income - Americas

US bond yields dip after ECB eases policy NEW YORK: US Treasury yields fell slightly on Thursday in choppy trading after the European Central Bank lowered key interest rates and expanded its bond purchase program in a bid to support the euro zone's fragile economy. The ECB surprised investors with an unexpected cut of its main refinancing rate to zero from 0.05 percent. As expected, it lowered its deposit rate to -0.4 percent and raised its monthly bond purchases to 80 billion euros. ...

Markets - Fixed Income - Americas

US bond prices fall with Japanese bonds, ahead of Treasuries sale NEW YORK: US Treasury prices followed Japanese bonds lower on Wednesday, easing from a rally sparked by concerns of a Chinese economic slowdown, and Treasury's upcoming auction also added to bearish sentiment. Safe-haven US government debt yields rose from one-week lows reached on Tuesday as investors locked in gains from the previous session's rally, which followed Japanese government yields falling to record lows. Tuesday's rally was spurred by data that showed exports in China fell ...

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 ...

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 ...