Category: bond
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Hostels developer Acorn pays Sh2.6bn bond balance early
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Acorn Holdings, a student housing developer, on Friday announced that it will repay the remaining balance of its Sh5.7 billion corporate bond a month ahead of schedule. The five-year medium-term notes, issued in November 2019, were due to mature on November 8, 2024, but the remaining balance of Sh2.69 billion…
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The bond market stays in focus in run up to the Fed tomorrow
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Monthly chart of US 2-year Treasury yields (%) This is one of the key charts to watch in the markets right now. The yield on the 2-year note remains elevated near the 3.55% level but bond investors will have to wait for confirmation from the Federal Reserve tomorrow. Additionally, the…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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ForexLive European FX news wrap: Dollar retreats alongside bond yields
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Headlines: Markets: Japanese Yen Advances, USD, CAD Lag on the Day European stocks rise; S&P 500 futures down 0.2% The yield on the 10-year US Treasury note fell 5.9 basis points to 3.867%. Gold rises 0.6% to $2,469.79 West Texas Intermediate crude fell 2.9% to $75.86. Bitcoin price rises 2.9%…
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Stocks rise, bond yields drop on soft US PPI data By Reuters
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By Koh Jui Ching and Lawrence White NEW YORK/LONDON (Reuters) – Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices rose less than expected in July, reinforcing market expectations that slowing inflation will allow the Federal Reserve to cut interest rates soon. The U.S. Labor…
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Steve Mnuchin calls for a culling of the 20-year Treasury bond he reintroduced
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It only takes a quick glance at the US bond curve to realize that something is wrong. One US Treasury bond – the 20-year note – is out of step with the rest of the market. It is hovering at yields much higher than those of the bonds around it…
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Mnuchin says it’s time to kill the 20-year Treasury bond
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We haven’t heard much about Steve Mnuchin since the Trump administration ended, but the former Treasury Secretary and Hollywood financier is in the news today. He says the US should ditch the 20-year bonds he introduced. A look at today’s yield curve shows why: 10 years 3.95% 20 years 4.33%…
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Global Stock Rout Intensifies, Powering Bond Rally: Markets Wrap
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Breadcrumbs Path Links PMN Business Global stocks deepened on Monday as concerns grew that the Federal Reserve would delay its policy support for the slowing U.S. economy, prompting investors to seek safety in bonds. Japanese shares fell for a third straight day as traders priced in more domestic interest rate…
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Forexlive Americas FX news wrap 2 Aug: Bond market cuts rate for Fed after weak jobs data
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After some amazing earnings/revenue numbers from Amazon after the shutdown (revenue declines and slower consumer concerns), and a day of bad news yesterday, markets got another dose of “weakness” today in the US jobs report. The US nonfarm payrolls report for July 2024 showed a gain of just 114,000 jobs,…
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Investors reap Sh14b profit in secondary market bond sales
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Bondholders made a profit of N14 billion from trading on the Nairobi Securities Exchange (NSE) secondary market in the second half of the year, benefiting from higher prices of infrastructure bonds. Investors sold bonds with a face value of Sh309.6 billion against a volume of Sh323.6 billion in the quarter,…
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BOJ Unexpectedly Hiked Rates by 0.15% While Unanimously Voting to Taper Bond Purchases
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The Bank of Japan surprised markets when it announced its decision to raise interest rates by 0.15% from The post BOJ Unexpectedly Hiked Rates by 0.15% While Unanimously Voting to Taper Bond Purchases first appeared on Investorempires.com.
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“Bank of Japan to outline bond taper plan, debate rate hike timing”
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Reuters Post a piece with a good explanation if you want another preview. previously: Bank of America expects BoJ rate hike today… see USD/JPY (finally) at 145 Bank of Japan Decision Day: Will Interest Rates Rise or Stay Steady? There was a leak overnight: Bank of Japan Discusses Raising Interest…
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ANZ’s initial view of bond trading allegations has no evidence of manipulation By Reuters
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(Reuters) – ANZ, Australia’s fourth-biggest bank, said its initial assessment of a distressed bond sale sparked a regulatory investigation that concluded it did not engage in market manipulation, although the bank admitted to unacceptable errors in data reporting. Earlier this month, the company’s chief executive said ANZ planned to “get…
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How would the bond and FX markets react to Biden dropping out of the race?
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10-Year US Treasury Yields The bond market is usually the first to figure things out, but even that market is suffering from political turmoil and economic uncertainty right now. Notably, yields on long-term Treasury bonds jumped immediately after the debate on June 28, signaling a Republican sweep along with more…
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China’s Ping An eyes up to $5 billion convertible bond, sources say By Reuters
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By Scott Murdoch (Reuters) – China’s Ping An Insurance Co Ltd is considering issuing convertible bonds worth up to $5 billion, people familiar with the matter said. One of the sources said the bonds could raise between $2 billion and $5 billion, and the two sources added that an agreement…
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SolarEdge slumps further on plans to raise $300m bond
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Israeli Solar Energy Company SolarEdge technologies (Nasdaq: SEDG) has lost more than 90% of its value since November 2021, when it had a market cap of more than $20 billion and was Israel’s most valuable company on Wall Street. The company’s share price fell another 16% at the open of…
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MarketAxess Launches Tax-Exempt Municipal Bond Portfolio Trading Tool
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BOJ Kept Rates Steady As Expected But Delayed Planning For The Reduction Of Bond Purchases To July
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As expected, the Bank of Japan (BOJ) refrained from making monetary policy changes in June after raising interest rates in March. In a unanimous vote, the target range for key short-term interest rates remained at 0.0%-0.10%. Link to the Bank of Japan’s June statement What markets did not expect was…
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Why bond yields are likely to end the year lower By Investing.com
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The US bond market continues its volatile performance in 2024, with Treasury yields recently reaching four-week highs. However, despite the near-term strength, strategists at UBS believe bond yields are likely to end the year lower, due to several macroeconomic factors. Primarily, inflation in the United States is among the main…
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Israel gov’t bond yields hit 13-year high
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The Israeli government bond market is showing worrying signs. This week, the yield on 10-year bonds rose above 5% for the first time since 2011. Meaning: demand for the Finance Ministry’s large debt offerings is declining, and the country is forced to pay higher interest. The 10-year bond is considered…