Asia
Thursday, 23 May 2013 10:02
13
SINGAPORE: Japanese government bonds plunged on Thursday, taking yields to their highest in a year and leading a selloff in bonds globally after Federal Reserve Chairman Ben Bernanke's remarks sparked worries of a reduction in US monetary stimulus.Bernanke's comments, suggesting the Fed's massive bond purchases could be scaled back in the next few policy meetings if the economy improves further, triggered a reaction across a swathe of markets, lifting the dollar to a three-year high versus a basket of currencies and the US 10-year Treasury yield to the highest in two months.Asian shares fell and extended their losses after a survey showed that China's factory activity shrank for the first time in seven months in May, adding to concerns that a recovery in the world's second-largest economy is sputtering.JGB prices dived as a surge in US Treasury yields added to the woes of Japan's bond market, which has suffered a ...
TOKYO: Japanese government bonds ended almost flat on Wednesday, erasing early gains on disappointment the Bank of Japan did not act to calm jitters rooted in the bond's market rout over the past six weeks.The 10-year yield stood near a one-year high hit a week ago and the market is seen as vulnerable as the BoJ's massive easing keeps pushing Japanese share prices higher and weakening the yen."Hardly any investors expected the yen's fall and ...
TOKYO: US 10-year Treasuries skidded in Asian trading on Monday, pushing benchmark yields to two-month highs, as the US dollar rose to a fresh 4-1/2-year peak against the yen.The yen fell as low as 102.15 yen against the dollar, after the Group of Seven finance officials avoided censuring Japan's efforts to pull itself out of deflation, which have weakened its currency.Instead, G7 officials gave a tacit nod on Saturday to Japan's bold policies.Fixed-income market sentiment ...
SINGAPORE: US 10-year Treasuries sagged on Friday, after the previous day's jobless claims data eased some concern about the economy's outlook and as the dollar's rise to a four-year high versus the yen weighed on sentiment.The 10-year yield hit a one-month high of about 1.844 percent earlier, its highest level since early April. Ten-year notes were last down 8/32 in price and the 10-year yield stood at 1.841 percent, up roughly 3 basis points from ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
