Gertrude's Feed
Jul 22, 2014

Yield fall as Fed seen in no rush to hike rates after tame CPI

NEW YORK, July 22 (Reuters) – U.S. Treasury debt yields fell
on Tuesday as benign U.S. inflation data suggested less pressure
for the Federal Reserve to raise interest rates sooner than
expected.

There was also some safe-haven buying in the afternoon,
boosting bond prices, in connection with tensions in the Middle
East after the Federal Aviation Administration advised U.S.
airlines not to fly to Tel Aviv in Israel. The country is in the
midst of an offensive in the Gaza Strip where more than 600
people have been killed.

Jul 22, 2014

Prices lower on no change in global tensions

NEW YORK, July 22 (Reuters) – U.S. long-term Treasury debt
prices fell on Tuesday as safe-haven demand weakened in line
with a rise in stocks, with investors hopeful tensions in the
Middle East and Ukraine will ease.

Analysts also said there was a reversal of the previous
session’s yield curve-flattening trades. On Monday, the gap
between short- and long-term interest rates, mainly the spread
between yields of 2-year notes and 10-year bonds, shrank to
their narrowest in more than a year. This was an indication that
market participants were bracing for the Federal Reserve’s
interest rate hikes.

Jul 21, 2014

Bond prices gain as Ukraine, Gaza drive safety bid

NEW YORK, July 21 (Reuters) – U.S. long-term Treasury debt
prices rose on Monday on safe-haven demand increased by
investors’ caution over turmoil in the Middle East and growing
geopolitical tension following the downing of a Malaysian
Airlines aircraft in Ukraine.

U.S. 30-year bond yields, which move inversely with prices,
fell to their lowest in more than a year.

Jul 21, 2014

Prices gain on heightened geopolitical tensions

NEW YORK, July 21 (Reuters) – U.S. Treasury debt prices rose
on Monday on safe haven demand heightened by investor caution
over turmoil in the Middle East and growing geopolitical tension
following the downing of a Malaysian Airlines aircraft.

Yields, which move inversely with prices, on U.S. 30-year
bonds fell to their lowest since June 2013.

Jul 20, 2014

RJ Reynolds’ $23-billion punitive damage award unlikely to stand: experts

NEW YORK (Reuters) – A decision by a Florida jury to impose punitive damages of $23.6 billion against RJ Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers with expertise in jury awards said on Sunday.

The award, which the cigarette maker has said it will contest, likely falls outside the boundaries for punitive damages that the U.S. Supreme Court has laid down in a series of cases, the lawyers told Reuters.

Jul 16, 2014

U.S. 10-year yields inch up for 3rd day on positive data

NEW YORK, July 16 (Reuters) – U.S. benchmark Treasury yields
edged higher for a third straight session on Wednesday, boosted
by yet another piece of data suggesting the world’s largest
economy is on solid footing.

U.S. 10-year yields hit the day’s highs following a report
that showed U.S. producer prices rose more than expected in June
with gains across most categories.

Jul 3, 2014

Dollar rallies on strong U.S. jobs data; euro falls

NEW YORK, July 3 (Reuters) – The dollar climbed to a
two-week peak against the yen on Thursday after data showing the
U.S. economy created far more jobs than expected last month,
easing worries about its health entering the second half of the
year.

The euro, in contrast, dipped to one-week troughs versus the
dollar as European Central Bank President Mario Draghi affirmed
the bank’s low interest rate policy, citing persistent downside
risks to the euro zone economy.

Jul 3, 2014

Dollar bounces on robust U.S. payrolls data; euro sinks

NEW YORK (Reuters) – The dollar climbed to a two-week peak against the yen on Thursday after data showing the U.S. economy created far more jobs than expected last month, easing worries about its health entering the second half of the year.

The euro, in contrast, dipped to one-week troughs versus the dollar as European Central Bank President Mario Draghi affirmed the bank’s low interest rate policy, citing persistent downside risks to the euro zone economy.

Jul 2, 2014

U.S. dollar share of FX reserves steady at 60 pct -IMF data

NEW YORK, July 2 (Reuters) – The U.S. dollar remained the
currency of choice among global central banks in the first
quarter with a share of more than 60 percent of the total
reserves, according to data from the International Monetary Fund
released earlier this week.

The dollar share of IMF reserves totaled $3.763 trillion, or
60.9 percent of the total allocated reserves, little changed
from the last quarter of 2013.

Jul 2, 2014

Dollar gains on upbeat U.S. private sector jobs data

NEW YORK (Reuters) – The dollar rose broadly on Wednesday after a report showed the economy created the most U.S. private sector jobs in 1-1/2 years last month.

The report boded well for Thursday’s U.S. nonfarm payrolls report, and provided a boost to the dollar, which has struggled this year despite the Federal Reserve reducing its monthly asset purchases.