Asia
Monday, 25 March 2013 10:27
258
TOKYO: US Treasuries dropped on Monday on relief as Cyprus clinched a last-ditch deal with international lenders for a 10 billion euro ($13 billion) bailout hours before a deadline to avert a financial collapse on the Mediterranean country.The yield on the 10-year notes rose to 1.963 percent from 1.927 percent at the end of last week while US share futures gained about 0.4 percent.The latest deal on Cyprus included drastic measures such as closing down the country's second largest bank and freezing deposits above 100,000 euros, causing a far larger hit on large account holders than a botched bank levy plan would have done.Still, investors took the news as positive for risk sentiment, as they judged that risk of contagion to other euro zone countries will be limited after Cyprus has avoided a chaotic exit from the euro zone."I think the market will put Cyprus behind it from now. It ...
TOKYO: Yields on benchmark 10-year Japanese government bonds slipped to a near-decade low for a second day in a row on Friday after new Bank of Japan chief reinforced expectations the central bank would buy longer-term assets to combat deflation.Concerns over Cyprus after the European Union gave the island till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system also helped push ...
MUMBAI: India's benchmark 10-year bond yield rose 3 basis points on a Bloomberg TV report that February inflation likely rose a higher-than-expected 6.8 percent, citing unidentified sources.At 11:10 a.m. (0540 GMT), the benchmark 10-year bond yield rose 3 bps on the news, erasing all earlier gains in prices to be flat on the day at 7.90 percent.The official inflation data is due at around 0500 GMT. Copyright Reuters, 2013 ...
TOKYO: US Treasuries fell slightly in Asia on Thursday after better-than-expected US retail sales data the previous day boosted confidence in the US economy, although strong results from an auction of 10-year notes capped losses.The yield on 10-year notes ticked up to 2.031 percent, from around 2.023 percent in late US session. It rose as high as 2.05 percent on Wednesday after data showed retail sales rose 1.1 percent last month, more than double a ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
