Asia
Wednesday, 06 March 2013 11:42
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SINGAPORE: US 10-year Treasuries eased slightly in Asia on Wednesday, staying on the defensive after the Dow Jones industrial average hit record highs the previous day, dampening demand for bonds.Ten-year Treasuries slipped about 1/32 in price to yield 1.903 percent, up roughly 1 basis point from late US trade on Tuesday. The 10-year yield hovered near the top end of its 1.912 percent to 1.827 percent range seen over the past week.On Tuesday, the Dow Jones industrial average hit a record intraday high and also set a record closing high, bringing its gains so far this year to nearly 9 percent.Still, when taking into account the potential economic impact from the across-the-board government spending cuts that came into effect last week, it is hard to think that the 10-year Treasury yield will head sharply higher, said Tomohisa Fujiki, interest rate strategist for BNP Paribas in Tokyo."The US economy isn't doing ...
TOKYO: Treasuries rose in Asia on Tuesday, following a slip on profit-taking the previous day, due to jitters over political uncertainty in Italy and the pace of growth in the United States.The yield on 10-year notes ticked down to 1.872 percent from 1.879 percent in late US trade on Monday, when a late-day rally in Wall Street shares prompted a bit of profit-taking in bonds after the yield hit a five-week low of 1.827 percent ...
TOKYO: Long-dated Japanese government prices inched higher on Friday, with the 30-year yield hitting a seven-month low, as pension funds looked to extend the duration of their portfolios.Expectations that the Bank of Japan will adopt bold monetary easing also supported the market, although gains were capped after Tokyo's Nikkei share average reversed earlier losses and traded higher.The 30-year yield slipped 4.5 basis points to 1.765 percent after dropping at one point to 1.750 percent, a ...
MUMBAI: Indian government bonds fell to their lowest in more than two weeks on Thursday after the finance ministry announced a gross market borrowing target that was well above expectations, dashing hopes of reduced debt supply.The government is planning to borrow 6.29 trillion rupees in the fiscal year starting April, higher than the 5.58 trillion rupees for the current fiscal year, according to the budget unveiled by Finance Minister P. Chidambaram.That was higher than market ...
SINGAPORE: LME copper is expected to revisit its Tuesday low of $7,785 per tonne as a rebound from the Feb. 22 low of $7,796 has completed.The rebound has adopted an irregular flat pattern, consisting of three waves labelled a, b, c, with the wave c slightly longer than the wave a.A Fibonacci retracement analysis on the fall from the Feb. 15 high of $8,266 to $7,796 reveals a resistance at $7,907, the 23.6 percent retracement ...
SEOUL: South Korean bonds rose in domestic trade Tuesday, with the yield on five-year government debt falling to a record low as political uncertainty in Italy made investors risk averse.Yield on the five-year treasury bonds fell by four basis points to 2.76 percent, nearly on par with the Bank of Korea's benchmark rate of 2.75 percent.Yield on the three-year government debt fell three basis points to 2.65 percent, another record low."Foreigners are buying a lot ...
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