Gertrude's Feed
Jul 28, 2014

Global FX volume mixed in April; London turnover up -surveys

NEW YORK, July 28 (Reuters) – The average daily currency
volumes in most key financial centers around the world improved
or were little changed in April from October, but were far below
levels seen in the same period last year, central bank surveys
showed on Monday.

Daily turnover rose in the UK, Canada, and Singapore in
April this year from October, and were little changed in the
United States and Australia. But volume fell in Japan where the
Bank of Japan is engaged in quantitative easing that have kept
interest rates at zero and volatility low.

Jul 24, 2014

Prices slide on unexpectedly low U.S. jobless claims

NEW YORK, July 24 (Reuters) – U.S. Treasury debt prices fell
on Thursday after data showed initial jobless claims in the
world’s largest economy dropped to their lowest in more than
eight years, but losses may be limited by safe-haven buying
given ongoing tensions in the Middle East and Ukraine.

Yields, which move inversely to bond prices, on benchmark
U.S. 10-year notes and 30-year bonds rose to one-week highs
after the data, with the 10-year climbing above a pivotal 2.50
percent.

Jul 23, 2014

Prices slip, but uptrend seen intact on global tensions

NEW YORK, July 23 (Reuters) – U.S. long-term Treasury debt
prices ended slightly lower on Wednesday in thin trading, but
their near-term outlook remained positive on safe-haven demand
as global tensions in the Middle East and Ukraine persisted.

Buying in Treasuries held steady for most of the session and
kept yields — which move inversely with bond prices — in check
following Tuesday’s benign U.S. consumer inflation number. For
some strategists, the tame CPI data suggested that the Federal
Reserve is not in a hurry to raise interest rates.

Jul 23, 2014

Prices inch higher on geopolitical anxiety

NEW YORK, July 23 (Reuters) – U.S. long-term Treasury debt
prices edged higher for a third straight session on Wednesday on
continued safe-haven demand as global tensions in the Middle
East and Ukraine persisted.

Buying in Treasuries also held steady following Tuesday’s
benign U.S. consumer inflation number, which suggested the
Federal Reserve is not in a hurry to raise interest rates.

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.