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Sep 2, 2014
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Aug 22, 2014

Fitch downgrades Ukraine local currency sovereign credit to CCC

NEW YORK, Aug 22 (Reuters) – Fitch Ratings on Friday
downgraded Ukraine’s local currency sovereign credit rating one
notch to CCC from B-minus, citing an ongoing political
transition and fighting with Russian-backed separatists for
wreaking havoc on its economy.

“Instability in the east and disputes with Russia are
affecting the economy,” Fitch said in a statement. Fitch also
affirmed its CCC foreign currency sovereign credit rating.

Aug 22, 2014

Prices rebound after Fed Chair Yellen cautious on labor

NEW YORK, Aug 22 (Reuters) – U.S Treasury prices recovered
early losses on Friday with investors caught between the
cautious message over labor markets from Fed Chair Janet Yellen
and geopolitical risks from the Ukraine crisis that is hampering
euro zone economic growth.

The short-dated maturities along the U.S. Treasury curve
pulled back to the break-even point while the 30-year bond broke
away to grind higher on market expectations any rate increases
are likely a long way off and the impact will be felt more
acutely on two through five-year notes.

Aug 22, 2014

Prices slip after Fed Chair Yellen cautious on labor

NEW YORK, Aug 22 (Reuters) – U.S. Treasury prices slid
modestly on Friday with investors caught between the cautious
message over labor markets from Fed Chair Janet Yellen and
geopolitical risks from Ukraine crisis that is hampering euro
zone economic growth.

Yellen, in the keynote speech at the annual central banker
jamboree in Jackson Hole, Wyoming said the U.S. labor markets
remain hampered in their recovery from the Great Recession and
therefore need to move with caution on when to raise interest
rates even as the economic data shows improvements.

Aug 22, 2014
Aug 21, 2014

Prices drift up ahead of cenbank Jackson Hole meeting

NEW YORK, Aug 21 (Reuters) – U.S. Treasuries drifted higher
on Thursday, showing little reaction to stronger-than-expected
economic data while investors held out for any developments from
the annual central banker get-together in Jackson Hole, Wyoming.

The highlight of the meeting, starting later Thursday and
sponsored by the Kansas City Federal Reserve, is the speech on
Friday by Fed Chair Janet Yellen at 10 a.m. EDT (1400 GMT),
where she is expected talk about labor markets.

Aug 21, 2014

Yields steady ahead of cenbank Jackson Hole meeting

NEW YORK, Aug 21 (Reuters) – U.S. Treasuries hewed to a
tight range on Thursday, showing little reaction to
stronger-than-expected economic data while investors held out
for any developments from the annual central banker get-together
in Jackson Hole, Wyoming.

The highlight of the meeting, starting later Thursday and
sponsored by the Kansas City Federal Reserve, is the speech on
Friday by Fed Chair Janet Yellen at 10 a.m. EDT (1400 GMT),
where she is expected talk about labor markets.

    • About Daniel

      "I'm a New York-based global investment correspondent with over 20 years of experience covering financial markets, business and foreign policy. My current post lets me roam across all asset classes and geography, from the developed to the emerging markets. I've reported and taught business and economic journalism from Asia, Europe, Latin America and the United States. Prior to joining Reuters I was a producer at CNN Business News in New York."
      Joined Reuters:
      1997
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