Heavy selling abates in US bonds as Q2 ends
NEW YORK, June 30 (Reuters) – The pattern of vigorous
selling of U.S. Treasuries, which has held since the beginning
of the week, weakened on Thursday, with prices edging higher in
brisk trading on the last day of the second quarter.
Thursday marked the end of the Federal Reserve’s second
quantitative easing program, which began on Nov. 12, in which
the Fed set out to purchase $600 billion in U.S. Treasuries in
order to lower long-term interest rates and stimulate the
economy.
U.S. caught China buying more debt than disclosed
NEW YORK (Reuters) – The rules of U.S. Treasury auctions may not sound like the stuff of high-stakes diplomacy. But a little-noticed 2009 change in how Washington sells its debt sheds new light on America’s delicate balancing act with its biggest creditor, China.
When the U.S. Treasury Department revamped its rules for participating in government bond auctions two years ago, officials said they were simply modernizing outdated procedures.
U.S. caught China buying more Treasuries than disclosed
NEW YORK (Reuters) – The rules of Treasury auctions may not sound like the stuff of high-stakes diplomacy. But a little-noticed 2009 change in how Washington sells its debt sheds new light on America’s delicate balancing act with its biggest creditor, China.
When the Treasury Department revamped its rules for participating in government bond auctions two years ago, officials said they were simply modernizing outdated procedures.
US Treasuries sell-off could be start of bear trend
NEW YORK, June 29 (Reuters) – Treasury prices stretched a
sell-off into a third day on Wednesday as Greece’s parliament
took the first of two steps toward adopting austerity measures
that would qualify the country for international aid and help
it avoid a default.
Analysts said the price action in Treasuries could signal a
broader move toward higher rates, unless something went
drastically wrong in Greece.
US bond prices continue selloff after Greece vote
NEW YORK, June 29 (Reuters) – Treasury prices stretched a
selloff into its third day on Wednesday as Greece’s parliament
passed the first of two austerity measures that would qualify
the country for international aid and help it avoid a default.
The Greek parliament approved an unpopular austerity plan
on Wednesday. That passage, along with another “yes” vote on
Thursday, would make Greece eligible for additional aid from
the European Union and the International Monetary Fund. For
more, click on [ID:nL6E7HT0PS]
US debt prices fall after Greece vote, 7yr sale looms
NEW YORK, June 29 (Reuters) – Treasury prices stretched a
selloff into its third day on Wednesday as Greece’s parliament
passed the first of two austerity measures that would qualify
the country for international aid and help it avoid a default.
The Greek parliament approved a midterm austerity plan on
Wednesday. That passage, along with another “yes” vote on
Thursday, would make Greece eligible for additional aid from
the European Union and the International Monetary Fund. For
more, click on [ID:nATH006220]
U.S. Treasury prices fall ahead of 5yr auction
NEW YORK, June 28 (Reuters) – U.S. Treasury prices fell on
Tuesday, as Wall Street prepared for a five-year note auction
and stocks rose following more reassuring news from Europe
about Greece’s debt crisis.
Treasury traders were focused on the Treasury Department’s
$35 billion sale of five-year notes, set for 1 p.m. (1700 GMT).
A $35 billion two-year note auction on Monday drew surprisingly
weak bidding, leaving dealers wary of the five-year sale.
Selloff continues in Treasuries; long bond spared
NEW YORK, June 28 (Reuters) – U.S. Treasury prices fell on
Tuesday, as Wall Street prepared for a five-year note auction
and stocks rose following more reassuring news from Europe
about Greece’s debt crisis.
Treasury traders were focused on the Treasury Department’s
$35 billion sale of five-year notes, set for 1 p.m. (1700 GMT).
A $35 billion two-year note auction on Monday drew surprisingly
weak bidding, leaving dealers wary of the five-year sale.
U.S. debt prices rally but supply looms next week
NEW YORK (Reuters) – Treasury prices extended their rally on Friday as more money flowed out of European bonds and equities and into safe-haven U.S. debt, but traders said prices could fall next week ahead of scheduled auctions.
The Treasury Department plans to sell $99 billion in new debt on Tuesday, Wednesday and Thursday. Selling ahead of the auctions to lower auction prices and raise yields could overpower the safety bid, which remained strong going into the weekend.
Demand for bonds withstands new deal for Greece
NEW YORK, June 23 (Reuters) – Despite late-breaking news
that Greece reached a deal on a five-year austerity plan, the
prices of safe-haven U.S. Treasuries rose on Thursday as euro
zone worries drove investors out of riskier assets.
A Reuters report that Greece had reached an austerity
agreement, one of the steps it needed to take to receive aid
from the European Union and the International Monetary Fund,
partially reversed heavy selling in stocks. For details, see
[ID:nATH006206]

