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Jul 25, 2011

Bonds slide, curve steepens as debt impasse drags on

HONG KONG/NEW YORK (Reuters) – Treasuries fell in Asia on Monday, with long bonds tumbling a full point as the debt impasse in Washington stirred more worries that the country’s political wrangling will prompt a cut in its top-ranked AAA credit rating.

Treasuries were torn in two directions as portfolio managers tried to make sense of the fast-changing investment landscape that could see the world’s benchmark for interest rates lose its risk-free status.

Jul 21, 2011

Euro gains before summit, market wary of disappointment

HONG KONG/SYDNEY (Reuters) – The euro edged up against the dollar on Thursday after Germany and France agreed on a joint position for bailing out Greece, stoking hopes for real progress at the coming European summit after an array of false starts.

Market players are looking to see if European leaders can thrash out a framework for keeping the raging debt crisis from engulfing more countries and threatening the banking system, with many worried that hopes for a resolution will once again be dashed.

Jul 8, 2011

Shorting China plays may have staying power

HONG KONG/SINGAPORE, July 8 (Reuters) – China is almost
certain to weather the economic and fiscal challenges it faces,
but some investors are taking no chances.

In the past month, hedge funds and portfolio managers have
sought relatively cheap insurance against any risk that a
slowdown in the world’s second-largest economy or the troubles
tied to local government debt spark a broader crisis.

Jul 7, 2011

Asia shares drift up, euro steady before ECB

HONG KONG (Reuters) – Asian shares drifted up toward a one-month high on Thursday as Chinese bank shares bounced higher on hopes of a near-term pause in policy tightening, while the euro steadied before a widely expected rate hike from the European Central Bank later in the day.

Most equity markets in the region posted slight gains following a rise on Wall Street as investors looked beyond the latest bout of nervousness over the euro zone debt crisis after Moody’s slash in the ratings of Portugal sparked a selloff in peripheral bonds.

Jun 30, 2011

Asian stocks, euro climb as Greece votes for austerity

HONG KONG (Reuters) – Asian stocks climbed on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, a move that boosted the euro and sparked a broad rebound in risky assets.

European shares were set for gains, with futures on the Dow Jones Eurostoxx 50 up 0.5 percent.

Jun 30, 2011

Stocks and euro climb as Greece votes for austerity

HONG KONG (Reuters) – Asian stocks climbed on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, a move that boosted the euro and sparked a broad rebound in risky assets.

European shares were set for gains, with futures on the Dow Jones Eurostoxx 50 up 0.5 percent.

Jun 30, 2011

Asian stocks inch up as Greece OKs austerity

HONG KONG (Reuters) – Asian stocks edged up on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting harsh austerity measures, with many market players hunkering down after a rough first half of the year.

Stocks also gained as market players covered short positions that had been built up heading into the Greek parliamentary votes, with those in Hong Kong jumping to highs last seen during the financial crisis in 2008.

Jun 28, 2011

Settle down, Greece a worry but cash trading calm

HONG KONG, June 28 (Reuters) – Money markets were stable in
Asia on Tuesday as attention focused on whether Greece’s
parliament would pass the austerity package needed to avoid a
default, with market players saying that bank-to-bank cash
lending was calm amid the nervousness.

Australian interbank futures were at the heart of the
volatility in Asia away from the cash markets, a trend that has
perplexed local traders given the economy’s strength and the
country’s relative isolation from the troubles plaguing Europe.

Jun 27, 2011

Greek vote eyed as default fears stir unease

HONG KONG, June 27 (Reuters) – Global money markets showed
more signs of stress on Monday as banks and investors fret about
potential exposures on the remote risk that Greece is pushed
into a default, with Australian interbank futures soaring to
almost fully price in a rate cut.

Short-term U.S. swap spreads hovered near their widest
levels in a year and front Eurodollar futures contracts dipped
on expectations that three-month dollar LIBOR may be ratcheted
higher at the London fixing later in the day.

Jun 21, 2011

Dollar interbank lending calm despite Greece woes

TOKYO, June 21 (Reuters) – Dollar interbank lending markets
were steady in Asia on Tuesday, settling down after last week’s
brief scare, as banks awaited a confidence vote for Greece’s
prime minister which could determine whether the country can
avoid a near-term debt default.

Dollar funding in Singapore tracked a drop
in dollar LIBOR and touched a 16-month low, while U.S. swap
spreads were steady after suddenly widening last week.

    • About Eric

      "Asia Financial Markets Editor based in Hong Kong overseeing markets coverage across Asia-Pacific. Hyper-contrarian, uber-geek on charts and semi-regular tweeter. Any inadvertent opinions expressed are mine alone."
      Joined Reuters:
      2000
      Awards:
      2009 Reuters Editor of the Year
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