Australia
Thursday, 20 September 2012 09:22
1265
SEOUL: South Korea's Major Feedmill Group (MFG) has purchased 55,000 tonnes of soybean meal via a tender closed late on Wednesday, traders said on Thursday.
The group bought US origin soybean meal from Archer Daniels Midland for arrival by Jan. 5, 2013, at the ports of Kunsan and Pyongtaek, they said, while declining to give price information.
Copyright Reuters, 2012 ...
NEW YORK: US Treasuries extended early losses on Wednesday after the ADP National Employment Report showed higher-than-forecast private sector job growth in July.
The benchmark 10-year Treasury note, down 5/32 before the report, was down 7/32 afterwards, its yield rising to 1.49 percent from 1.47 percent late on Tuesday.
The 30-year Treasury bond, down 13/32 in early dealings, was down 20/32 after the report, its yield rising to 2.57 percent from 2.55 percent late on Tuesday.
The ADP ...
CANBERRA: Foreign ownership in Australian government debt is at record levels with sovereign wealth funds among keen buyers, the head of the government debt agency told Reuters, while global market conditions should add to investor interest in local debt.
Australia is one of only 18 nations with a top-rated AAA credit rating from Standard & Poor's, which on August 5 downgraded the US AAA credit rating, rattling global markets.
To keep the Australian ...
ALPBACH: A joint bond issued by euro zone countries would get the weakest member's rating if the issue was jointly guaranteed, the head of Standard & Poor's European sovereign ratings said on Saturday.
S&P was not in talks with the European Union about the idea because that would present a potential conflict of interest, Moritz Kraemer, managing director, EMEA sovereign ratings, told a panel discussion at the Alpbach Forum economic.
Kraemer said his understanding was that joint ...
SYDNEY: Fitch Ratings has affirmed Bank of New Zealand's (BNZ; Long-Term Issuer Default Rating (LT IDR): 'AA'/Outlook Stable, Short-Term IDR: 'F1+') outstanding NZD3.4bn residential mortgage covered bonds at 'AAA'.
The rating is based on BNZ's 'AA' LTIDR and a Discontinuity Factor (D-Factor) of 26.4pc, the combination of which enables the covered bonds to reach a 'AAA' rating for the programme on a probability of default basis. The rating also takes into account the programme's asset coverage ...
SYDNEY: Australia's bond risk index iTraxx opened 27 points higher at 157/158 points, according to data provider Markit, on fresh volatility in global credit markets.
A rise in iTraxx, a credit default swaps index of Australia's top 25 debt issuers, means that cost of protecting against companies defaulting on their debt is more expensive.
The biggest single movers were insurance company QBE Insurance Group , fund manager AMP , property developer GPT Group and wagering company ...
SYDNEY: Australian debt futures rallied on Tuesday after the Reserve Bank of Australia (RBA) kept interest rates unchanged and sounded less certain about the global economic outlook.
The three-year bond futures rose as high as 95.750, up 0.25 points on the day, reaching highs not seen since July 2009. Interbank futures also rose strongly as some in the market again priced in the chance of an interest rate cut.
The move was encouraged by big losses in ...
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