May 4, 2005
The U.S. government announced Wednesday that the Treasury will decide in August whether to begin again to issue 30-year bonds, which it stopped issuing in 2001. The announcement caused prices on long-term U.S. government Treasury bonds to fall sharply and yields to rise. Prices on 30-year Treasury bonds fell nearly two points, and yields went up to 4.60 percent. They had been 4.49 percent on Tuesday. ...
US government considers new treasury bonds
by Brian TurnerThe U.S. government announced Wednesday that the Treasury will decide in August whether to begin again to issue 30-year bonds, which it stopped issuing in 2001. The announcement caused prices on long-term U.S. government Treasury bonds to fall sharply and yields to rise. Prices on 30-year Treasury bonds fell nearly two points, and yields went up to 4.60 percent. They had been 4.49 percent on Tuesday. ...
May 3, 2005
On Wednesday, Argentina will issue a new government bond after a three and a half year absence from the debt market. This new issue, worth only 1 billion pesos, has practical as well as psychological reasons. The decision to return to the market now was made despite continuing litigation in New York involving the nation and a small group of investors which has rejected the $100 billion restructuring ...
Argentina reissues government bond
by Brian TurnerOn Wednesday, Argentina will issue a new government bond after a three and a half year absence from the debt market. This new issue, worth only 1 billion pesos, has practical as well as psychological reasons. The decision to return to the market now was made despite continuing litigation in New York involving the nation and a small group of investors which has rejected the $100 billion restructuring ...
Rolls-Royce leads strong London trading
by Brian TurnerTrade on the London market was strong on Tuesday after a bank holiday and in a climate of less uncertainty about the upcoming general election. On a volume of 2.9 billions shares, both the FTSE 100 and FTSE 250 were up. Life assurer Friends Provident led the FTSE 100 with a gain of 4 percent to 167p on a report of first quarter sales far ahead of expectations. ...
Bond markets pause on US rates decision
by Brian TurnerActivity in U.S. and European bond markets was light on early Tuesday as investors awaited a decision by the U.S. Federal Open market Committee as to whether or not they will raise U.S. interest rates. It is expected that short-term interest rates will be raised 0.25 percent to 3 percent. In the U.S., better than expected news on new factory orders spurred some selling. Yields on 10-year Treasury bonds ...
May 2, 2005
The Tokyo markets moved very little up or down on Monday despite a general downward trend in shares of companies that rely on exports and as the yen rose in relation to the dollar as speculation continued that China might revalue the renminibi. The Nikkei 225 fell 0.1 percent to 11,002.11, while the Topix rose 0.2 percent to 1,131.80. Automobile manufacturers were generally down on the strength of ...
Bare movement on Nikkei and Topix as Tokyo waits on holiday period
by Brian TurnerThe Tokyo markets moved very little up or down on Monday despite a general downward trend in shares of companies that rely on exports and as the yen rose in relation to the dollar as speculation continued that China might revalue the renminibi. The Nikkei 225 fell 0.1 percent to 11,002.11, while the Topix rose 0.2 percent to 1,131.80. Automobile manufacturers were generally down on the strength of ...
LCH.Clearnet expands into shipping derivatives
by Brian TurnerLCH.Clearnet will begin clearing shipping derivatives in July in addition to its established business clearing energy futures. This new service will be partially facilitated by a new online trading platform, CIF, owned by Clarkson Securities, Ifchor, and Freight Investor Services. LCH.Clearnet’s director of customer and market management said, however, that the service would not be completely dependent on this new platform and that it would also clear voice-brokered ...
May 1, 2005
Yields on 10-year US Treasury bonds fell 8 basis points on Wednesday to yield 4.9 percent, while 30-year bond yields approached a 2-year low of 4.245 percent in very heavy trading. The declines in government bond yields were a result of a poor report concerning US manufacturing growth and speculation that the US Federal Reserve might soon halt its regime of rising interest rates. The ISM index of ...
US treasury bonds approach low on poor manufacturing news
by Brian TurnerYields on 10-year US Treasury bonds fell 8 basis points on Wednesday to yield 4.9 percent, while 30-year bond yields approached a 2-year low of 4.245 percent in very heavy trading. The declines in government bond yields were a result of a poor report concerning US manufacturing growth and speculation that the US Federal Reserve might soon halt its regime of rising interest rates. The ISM index of ...