Thursday, 06 June 2013 13:10
Posted by Shoaib-ur-Rehman Siddiqui
LONDON: German Bunds pushed higher on Thursday as uncertainty over when the US Federal Reserve will start scale back its stimulus programme soured investor appetite for riskier assets.Low-risk Bunds were also supported by expectations the European Central Bank will keep monetary policy ultra-easy at its meeting later in the day.With the ECB widely expected to keep interest rates unchanged at 0.50 percent, the market will be focusing on President Mario Draghi's news conference for a ...
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LONDON: German Bund futures fell on Monday as equities rebounded but losses were seen capped before a US Federal Reserve meeting later this week that could shed light on its stimulus programme.Concern the Fed could start reducing its debt purchases has stirred financial markets over the past few weeks, driving German 10-year yields to their highest levels in three months just above 1.60 percent.Some of those moves reversed late last week after data showed the US economic recovery may not be strong enough to warrant an imminent change in the Fed's accommodative policy but trading was expected to remain choppy before the meeting."They (the Fed) believe that the economy is improving so higher yields are normal but you cannot let the market run too far ahead because that might threaten the recovery," said Piet Lammens, a strategist at KBC."For today there's a bit of a positive sentiment in equity markets ...
COPENHAGEN: Denmark's central bank will stick to its previously announced 75 billion Danish crown ($13.37 billion) issuance target for domestic government bonds this year, the bank said in a statement on Friday.The target for outstanding treasury bills is 30 billion crowns at the end of the year, it said, adding that foreign funding for 2013 was completed with the issuance of a $1.5 billion three-year loan in April.As of June 13, the government had issued ...
LONDON: Euro zone government bonds fell across the board on Tuesday as investors fretted that central bank stimulus that has buoyed financial markets this year might not be as abundant in future.Lower-rated euro zone debt underperformed German Bunds after the Bank of Japan announced no new measures to stem bond market volatility, further unsettling investors who have been worried about the outlook for the US Federal Reserve's bond purchases.Investors were also wary of adding to ...
LONDON: German bonds rose in choppy trading on Monday, but analysts expected yields to hold around current levels with no major data this session and uncertainty over the US monetary policy outlook.French and Italian industrial output data was mixed on Monday, while figures on Friday showed US employers stepped up hiring a bit in May, keeping alive the prospect of the Federal Reserve eventually scaling back its bond-buying programme.The US jobs numbers were not strong ...
NEW YORK: Treasury debt prices jumped on Thursday as stock market losses on Wall Street revived a bid for safe-haven US government debt ahead of the closely watched non-farm payrolls report.Euro zone stocks also retreated and periphery sovereign bond yields widened after the European Central Bank kept rates on hold. At a news conference, European Central Bank President Mario Draghi later said the ECB was "technically ready" for negative rates, but gave no suggestion it ...
LONDON: German Bunds pushed higher on Thursday as uncertainty over when the US Federal Reserve will start scale back its stimulus programme soured investor appetite for riskier assets.Low-risk Bunds were also supported by expectations the European Central Bank will keep monetary policy ultra-easy at its meeting later in the day.With the ECB widely expected to keep interest rates unchanged at 0.50 percent, the market will be focusing on President Mario Draghi's news conference for a ...
NEW YORK: The dollar fell sharply against the yen on Wednesday as weaker-than-expected US private jobs growth last month and a modest rise in factory activity lowered chances the Federal Reserve may wind down its stimulus program any time soon.The US currency had risen in recent sessions on the view that the run of upbeat economic data over the last month could prompt the Fed to taper its $85 billion per month quantitative easing program, ...
