Wednesday, 12 June 2013 12:04
Posted by Shoaib-ur-Rehman Siddiqui
SINGAPORE: The US 10-year Treasury yield edged higher on Wednesday but stayed below a 14-month high as the market stabilised somewhat after the recent jump in yields lured some buyers back into the bond market.Ten-year notes slipped 3/32 in price to yield roughly 2.201 percent. The 10-year yield rose 1 basis point on the day but was well below Tuesday's high of 2.293 percent, the highest level since April 2012.That rise in yields had helped ...
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MUMBAI: Indian gold and silver futures traded slightly lower on Monday, still consolidating in recent price ranges, with the physical market witnessing subdued demand in a seasonally slow period after a series of government measures to contain imports.At 0942 GMT, the actively traded gold for August delivery on the Multi Commodity Exchange (MCX) was 0.34 percent lower at 27,783 rupees per 10 grams. It has moved in a range of 26,961-28,288 rupees since the start of the month.Silver for July delivery on the MCX was 0.53 percent lower at 43,601 rupees per kilogram."Demand is poor at the moment as the rupee is weak... People had stocked so much in April and May," said Satish Bansal, managing director, MD Overseas, a gold importer in New Delhi.A weaker rupee makes the dollar-quoted yellow metal expensive. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.India's festival ...
TOKYO: Japanese government bonds began the week on shakier footing on Monday, with the benchmark yield edging higher as stocks rose and investors positioned for this week's 20-year sale.The 10-year yield added 3 basis points to 0.845 percent after rising as high as 0.855 percent. It remained in its recent trading range of 0.80 to 0.90 percent, well shy of a 13-month high of one percent hit on May 23.The Bank of Japan's operations under ...
TOKYO: Japanese government bond prices rose on Friday after a better-than-expected five-year debt auction, despite improving investors' risk appetite with Tokyo's Nikkei average rebounding from a more than 6 percent slide in the previous session.The 2.7 trillion yen ($29 billion) of five-year bonds sold by Japan's Ministry of Finance attracted a bid-to-cover of 4.36, up from 3.39 in the previous debt sale."The results were on the better side of expectations," said Naomi Muguruma, senior fixed-income ...
TOKYO: US Treasuries were firm in Asia on Friday as traders took the view that any end to the Fed's bond buying programme will be gradual and that no rates hikes were imminent.A report in The Wall Street Journal that an adjustment in the Fed's bond-buying program did not mean that the US central bank would end "all at once" or that the Fed was "anywhere near raising short-term interest rates" helped support sentiment.The article ...
SHANGHAI: China's Ministry of Finance said on Thursday that it will auction 15 billion yuan ($2.5 billion) in nine-month government bills on June 14.After the auction, the bills will be issued from June 17 to 19 and begin secondary market trading on June 21, it said in a statement published on the ministry's website.Copyright Reuters, 2013 ...
