Tuesday, 02 April 2013 14:39
Posted by Shoaib-ur-Rehman Siddiqui
LONDON: US 10-year T-note yields fell to two-month lows on Tuesday as data showing a slowdown in US manufacturing and worries about the wider impact of Cyprus's bailout deal kept low-risk assets in demand.The Institute for Supply Management's gauge of manufacturing activity released on Monday showed that factory activity in the United States grew at the slowest rate in three months in March.Cyprus detailed over the weekend losses of around 60 percent for savers of more than 100,000 euros as part of a bailout agreed just over a week ago. The deal was the first in euro zone history to make bank depositors share the burden and raised concerns it could be used as a model for solving other crises.US 10-year T-note yields were last 0.3 basis points lower at 1.8314 percent, having hit a two-month low of 1.823 percent earlier in the session. T-note futures were 3/32 higher at ...
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LONDON: US 10-year T-note yields fell to two-month lows on Tuesday as data showing a slowdown in US manufacturing and worries about the wider impact of Cyprus's bailout deal kept low-risk assets in demand.The Institute for Supply Management's gauge of manufacturing activity released on Monday showed that factory activity in the United States grew at the slowest rate in three months in March.Cyprus detailed over the weekend losses of around 60 percent for savers of more than 100,000 euros as part of a bailout agreed just over a week ago. The deal was the first in euro zone history to make bank depositors share the burden and raised concerns it could be used as a model for solving other crises.US 10-year T-note yields were last 0.3 basis points lower at 1.8314 percent, having hit a two-month low of 1.823 percent earlier in the session. T-note futures were 3/32 higher at ...
ISTANBUL: Turkish bond yields inched up on Tuesday ahead of treasury bond auctions later in the day and an expected rise in inflation when data for March is released on Wednesday.Investors were watching for the strength of demand at the reissue of a 14-month zero-coupon bond and 10-year fixed-coupon bond later on Tuesday.By 0743 GMT the two-year bond yield was at 6.40 percent compared with 6.38 percent on Monday.The lira was at 1.8088 to the ...
LONDON: German Bund futures held steady on Tuesday, staying near highs hit the previous day as markets worried that Cyprus's bailout could be a template applicable to larger states that might get into difficulty.The head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, said on Monday that a Cypriot bailout, which wiped out some senior bank bondholders and will impose big losses on large depositors, was a new template for resolving euro zone banking problems.He ...
PARIS: France will sell a new 30-year bond by syndication in the coming days depending on market conditions, the Agence France Tresor public debt management agency said on Monday.The joint lead managers for the issue will be Barclays, Morgan Stanley, BNP Paribas Royal Bank of Scotland and Societe Generale and all primary dealers will take part in the syndicate, AFT said in a statement.The AFT said the issue was part of its 2013 funding plan. ...
LONDON: US debt prices fell on Monday after Cyprus agreed a last-gasp deal to prevent the collapse of its banking sector, cooling demand for the safety of low-yielding Treasuries. Cyprus reached a deal with international lenders to secure a 10 billion euro bailout hours before a deadline, prompting some selling from investors who had bought Treasuries last week for their safety and liquidity when talks were struggling. "The general theme today is risk-on so the ...
