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US Treasuries

Global equities stall, bonds gain as Europe COVID cases rise
Markets

Global equities stall, bonds gain as Europe COVID cases rise

  • "The number of new COVID-19 cases is rising rapidly, and an extension of the lockdown inevitable for many European countries. No one will be surprised by such a decision," said Milan Cutkovic, market analyst at Axi.
  • MSCI's gauge of stocks across the globe shed 0.04%, with slight gains in Europe but a 2.1% decline in Japan's Nikkei index.
Published 22 Mar, 2021 09:25pm
US Fed to let bank leverage exemption expire this month, will review rule
World

US Fed to let bank leverage exemption expire this month, will review rule

  • The Fed said it would, however, launch a formal review of the capital rule, known as the "supplementary leverage ratio," due to concerns it is no longer functioning as intended as a result of the central bank's emergency COVID-19 pandemic monetary policy measures.
  • "Wall Street bank stocks will get punished because now they will have to put more money aside," Edward Moya, senior market analyst at foreign exchange brokerage Oanda, said in an email.
Published 19 Mar, 2021 09:13pm
Euro zone yields fall after ECB says it will increase PEPP
Markets

Euro zone yields fall after ECB says it will increase PEPP

  • Euro zone yields were already edging down, tracking moves in US Treasuries, which were affected by an auction of benchmark 10-year notes that was not as bad as feared.
  • The ECB barely increased its emergency bond purchases in recent weeks, stoking doubts about the bank's resolve to calm market nerves and support indebted governments through the pandemic.
Published 11 Mar, 2021 07:04pm
UK draws record demand for inflation-linked bond
Markets

UK draws record demand for inflation-linked bond

  • Investors submitted 2.832 billion pounds ($3.93 billion) of bids for the 800 million pounds on offer of an index-linked bond maturing in August 2031 .
  • That gave a bid-to-cover ratio of 3.54, the highest for any index-linked bonds since such auctions began in 1998.
Published 10 Mar, 2021 06:23pm
Euro zone bonds calm down as markets look to Powell
Markets

Euro zone bonds calm down as markets look to Powell

  • Yields are down from their highs this week, but pressure remains. US Treasury yields rose on Wednesday, alongside euro area government bond yields and UK gilts, pushing stock markets and other low-yielding safe assets lower on Thursday.
  • Italian bond yields were last unchanged, pushing up the gap between 10-year Italian and German yields a touch higher to around 104 bps.
Updated 04 Mar, 2021 09:53pm
ECB must not hesitate to raise bond buys to rein in yields: Panetta
Business & Finance

ECB must not hesitate to raise bond buys to rein in yields: Panetta

  • "We should not hesitate to increase the volume of purchases and to spend the entire PEPP envelope or more if needed," Panetta said in a speech.
  • Just under 1 trillion euros ($1.20 trillion) of the ECB's PEPP quota is still unused and until the recent yield rise, policymakers argued that the ECB did not necessarily have to spend this amount.
Published 02 Mar, 2021 08:19pm
Saudi Arabia raises $5bn via dual-tranche bonds
Markets

Saudi Arabia raises $5bn via dual-tranche bonds

  • The kingdom on Tuesday sold $2.75 billion in 12-year bonds at 130 basis points (bps) over 10-year US Treasuries and $2.25 billion in 40-year notes at 3.45%.
  • It drew more than $13 billion in orders for the 12-year bonds and over $9 billion in orders for the 40-year paper.
Updated 27 Jan, 2021 11:23pm
Stimulus helps stocks shrug off impeachment chaos
Markets

Stimulus helps stocks shrug off impeachment chaos

  • US yields bounce after report of $2 trillion stimulus plan.
  • Japan's Nikkei hits fresh three-decade peak.
  • European shares, US futures edge higher.
  • China tech giants jump after spared from US blacklist.
Published 14 Jan, 2021 07:18pm