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Jun 06, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

US Treasury

Yields rise after weak auction, as fiscal stimulus seen near

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
Inflation expectations ease as yields slip
Markets

Inflation expectations ease as yields slip

  • Treasury yields traded lower after a strong auction on Thursday of $15 billion in 10-year TIPS as investors sought protection on expectations of rising inflation.
  • A closely watched part of the yield curve measuring the gap between yields on two- and 10-year Treasury notes was last down 1.32 basis points at 96.93 basis points.
Published 22 Jan, 2021 09:29pm
Longer-term yields rise after weak US jobs report
Markets

Longer-term yields rise after weak US jobs report

  • Nonfarm payrolls decreased by 140,000 jobs last month amid growing COVID-19 cases, marking the first decline since April.
  • Longer-term yields have been climbing all week as Democrats won control of the US Senate as a result of Georgia runoff elections.
Published 08 Jan, 2021 08:57pm
NYSE to delist three Chinese telecom firms, reversing course again
Markets

NYSE to delist three Chinese telecom firms, reversing course again

  • The latest move marks the third about-turn, amid confusion over rules set by the Trump administration and escalating tensions within Washington on China policy.
  • Plans to delist the three Chinese firms were prompted by a White House executive order banning US investment in Chinese military-linked companies.
Published 06 Jan, 2021 08:39pm
Instant View: US labels Switzerland, Vietnam currency manipulators
Markets

Instant View: US labels Switzerland, Vietnam currency manipulators

  • "The currency manipulator label was a step by the current US administration to appear tough on trade-related matter, although it would likely have few practical effects.
  • "A stronger global economy, however, would naturally reduce demand for a safe haven like the Swiss franc and soften its upward pressure - reducing the need for FX-interventions."
Published 17 Dec, 2020 01:19am
Weak demand for record-size 30-year US debt auction
Markets

Weak demand for record-size 30-year US debt auction

  • Investors had modest appetite for the offering, which was $4 billion larger than the last auction of new 30-year bonds in May.
  • Yields on the 30-year bond had risen to their highest level in a month in anticipation of the additional supply.
Published 13 Aug, 2020 11:10pm