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Apr 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US Treasury

US could send $1,400 COVID bill payments within days; child tax credit a bigger challenge
World

US could send $1,400 COVID bill payments within days; child tax credit a bigger challenge

  • Some Americans might see direct payments as soon as this week if the bill passes the House of Representatives on Tuesday as expected, compared with several weeks' lag in April 2020.
  • The bill also includes an expanded Child Tax Credit of up to $3,000 per child, paid monthly starting in July, essentially forcing the revenue collector to act as benefits administrator for the rest of the year.
Updated 08 Mar, 2021 10:19pm
Gold surges in Europe
Markets

Gold surges in Europe

LONDON: Gold prices edged up on Tuesday, having earlier slid to its lowest in 8-1/2 months, as US Treasury yields...
Published 03 Mar, 2021 05:49am
Gold prices slump in Asia
Markets

Gold prices slump in Asia

SINGAPORE: Gold prices slumped to their lowest in 8-1/2 months in Asian trade on Tuesday, as a stronger dollar and...
Published 03 Mar, 2021 05:49am
US bond derivatives signal calm, but economic fundamentals could spur more sell-offs
Markets

US bond derivatives signal calm, but economic fundamentals could spur more sell-offs

  • "The selloff may have run its course," said Jabaz Mathai, head of US rates strategy at Citi, pointing to inflation breakevens backing down.
  • "I would not say the bear market in Treasuries is over at this point, but there is the prospect of a near-term pullback," said Mathai. "You should see some stability in the 10-year around these levels."
Published 02 Mar, 2021 09:19pm
US yields soften after vaulting to one-year highs; sentiment wary
Markets

US yields soften after vaulting to one-year highs; sentiment wary

  • The benchmark 10-year US Treasury note's yield was down 5.2 basis points at 1.4633%. On Thursday it touched 1.614%, the highest in a year, rocking world markets.
  • Part of Friday's decline could also reflect dealers convincing clients to buy bonds after poor demand for a 7-year note auction on Thursday.
Published 26 Feb, 2021 08:44pm
Inflation bets send yields up to new milestone
Business & Finance

Inflation bets send yields up to new milestone

  • The 10-year yield was up 6.9 basis points at 1.4578% and reached as high as 1.468%, the highest in a year.
  • "It's starting to become a momentum trade and the sell-off is becoming a global phenomenon," said Subadra Rajappa, head of US rates strategy at Societe Generale.
Published 25 Feb, 2021 08:58pm
Yellen supports new allocation of IMF's SDR currency to help poor nations
World

Yellen supports new allocation of IMF's SDR currency to help poor nations

  • Reversing the opposition of the Trump administration, Yellen told G20 finance officials in a letter that a new SDR allocation could boost liquidity for poor countries, which have been particularly hard hit by the global coronavirus pandemic.
  • Without further international action to support low-income countries, we risk a dangerous and permanent divergence in the global economy.
Published 25 Feb, 2021 08:50pm
Traders push yields higher as inflation concerns linger
Markets

Traders push yields higher as inflation concerns linger

  • The benchmark 10-year yield was up 4.1 basis points at 1.4046% in morning trading, its first time above 1.4% since a year ago, and reached as high as 1.435%
  • Patrick Leary, chief market strategist and senior trader at Incapital, said the trading could also be a sign of investor skepticism about Powell's reassurance.
Published 24 Feb, 2021 09:09pm
Gold sags in Europe
Markets

Gold sags in Europe

LONDON/ROTTERDAM: Gold slipped to its lowest in over two months on Wednesday as surging US Treasury yields and a...
Published 18 Feb, 2021 04:08am
US 10-year yields top 1.26pc as reflation bets gather pace
Markets

US 10-year yields top 1.26pc as reflation bets gather pace

  • Thirty-year US yields rose too, touching a one-year high of 2.08% and are some 40 bps above where they closed 2020.
  • The market has fully embraced the prospects of Biden's $1.9 trillion stimulus, and the accelerated vaccine rollout is support of further bearish price action as well.
Updated 16 Feb, 2021 09:54pm
Yields rise after weak auction, as fiscal stimulus seen near
Markets

Yields rise after weak auction, as fiscal stimulus seen near

  • The Treasury saw soft demand for $27 billion in 30-year bonds, its final sale of $126 billion in coupon-bearing supply this week.
  • Our base case view is for a $1 trillion package, but I think market expectations are gravitating towards something much larger.
Published 12 Feb, 2021 09:11pm
Yields hold at lower levels as reflation trade loses steam
Business & Finance

Yields hold at lower levels as reflation trade loses steam

  • Yields dropped on Wednesday after data showed that the core consumer price index, which excludes the volatile food and energy components.
  • Lederer added that he does expect yields to rise later this year as COVID-19 vaccines are rolled out and the economy returns to more normal conditions.
Published 11 Feb, 2021 09:11pm
US 10-yr yield rises to 1.2pc, inflation expectations build
Markets

US 10-yr yield rises to 1.2pc, inflation expectations build

  • The $1.9 trillion stimulus package looks likely to be approved by Congress, bypassing Republican roadblocks.
  • Ten-year borrowing costs extended their rise to the highest since last March at 1.2%, while 30-year yields touched 2% for the first time since mid-February 2020 .
Published 08 Feb, 2021 05:54pm
Longer-term yields higher in volatile session after jobs report
Markets

Longer-term yields higher in volatile session after jobs report

  • The benchmark 10-year yield was up 1.4 basis points at 1.1532% in morning trading after it reached as high as 1.188%, its highest since March 20, 2020.
  • US employment growth rebounded less than expected in January and job losses the prior month were deeper than initially thought.
Published 05 Feb, 2021 08:47pm
Yield curve steepens on Washington spending plans, jobs data
Markets

Yield curve steepens on Washington spending plans, jobs data

  • The benchmark 10-year yield was up 1.5 basis points in morning trading at 1.1461% and at one point reached 1.16%, its highest since Jan. 12.
  • Both factors pointed to improving economic growth, which makes ultra-safe Treasuries less attractive to investors.
Published 04 Feb, 2021 09:23pm
Yields lower as Republicans seek smaller stimulus
Markets

Yields lower as Republicans seek smaller stimulus

  • The benchmark 10-year yield was down almost a basis point at 1.086% in morning trading. The two-year yield.
  • There's less expectation of a grander stimulus package, which is limiting expectations for Treasury supply.
Published 01 Feb, 2021 09:28pm