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Sep 1, 2015

Foreign central banks may be shedding U.S. mortgage bonds – Fed

NEW YORK, Sept 1 (Reuters) – Foreign central banks are
cutting back their holdings of U.S. agency and mortgage-backed
securities as well as Treasuries in the wake of global market
turbulence, Federal Reserve data showed.

If the trend persists and broadens, borrowing costs may rise
for potential homebuyers and homeowners who want to refinance.

Aug 26, 2015

Poor U.S. bond sales raise concerns about foreign demand

NEW YORK, Aug 26 (Reuters) – Weak demand at back-to-back
U.S. Treasury auctions this week has bond mavens wondering if
China and other emerging market central banks are spending their
foreign exchange reserves at home to offset investor flight
during market turbulence rather than buying U.S. debt.

Treasury prices have fallen sharply in the past two days
after poor auction results for 2-year and 5-year
notes, and data from the sales suggest a notable drop
in the category of bidding traditionally seen as a gauge of
foreign official demand.

Aug 20, 2015

U.S. TIPS sector weakens; record demand at auction

NEW YORK, Aug 20 (Reuters) – Prices on U.S. inflation bonds
fell on Thursday due to worries that sluggish global growth
would reduce demand for oil and other commodities, stoking a
fresh round of downward pressure on prices.

Treasuries Inflation Protected Securities recovered much of
their initial losses following record investor demand at a $16
billion sale of an older five-year TIPS issue.

Aug 20, 2015

U.S. Treasury sells $16 bln TIPS to record investor demand

NEW YORK, Aug 20 (Reuters) – The U.S. Treasury Department on
Thursday sold $16 billion of five-year Treasury Inflation
Protected Securities to record investor demand as the sector’s
recent rout enticed bargain-minded participants to the auction.

Fund managers, foreign central banks and other indirect
bidders bought 76.36 percent of the five-year TIPS originally
issued in April, their largest share since the
Treasury made the data available.

Aug 14, 2015

Encouraging U.S. data support dollar, euro slips

NEW YORK, Aug 14 (Reuters) – The dollar inched up on Friday
against a basket of currencies on encouraging data on U.S.
producer prices and industrial output, while the euro ended a
good week on a weak note even as the Greek parliament approved a
new bailout agreement.

The greenback stabilized after weakening earlier this week
when China devalued its currency, roiling global financial
markets and stoking worries about the world’s No. 2 economy.

Aug 14, 2015

Key Libor dollar rate slows rise, repo rates elevated

NEW YORK, Aug 14 (Reuters) – A key interbank lending rate
rose at a slower pace on Friday following its biggest single-day
increase in more than five years, while overnight borrowing
costs for Wall Street remained elevated.

The London interbank offered rate for three-month dollar
borrowings climbed to 0.32445 percent, the highest
since October 2012, from Thursday’s fixing of 0.32050 percent.
The 0.4 basis point rise was less than half its 1.1 basis point
jump on Thursday, which was its biggest gain since May 2010.

Aug 14, 2015

Dollar firms on supportive U.S. data, euro slips

NEW YORK (Reuters) – The dollar edged higher on Friday against a basket of currencies on encouraging data on U.S. producer prices and industrial output, while euro ended a good week on a weak note even as the Greek parliament approved a new bailout agreement.

Relative calm returned to foreign exchange market after China earlier this week sent ripples through global financial markets by devaluing the yuan.

Aug 13, 2015

Chef Jacques P├ępin wins first Julia Child Foundation culinary prize

By Richard Leong

(Reuters) – French-born, Emmy-award winning chef Jacques Pepin was named on Thursday as the first recipient of the Julia Child Foundation award for the influence he has had on the way America cooks, eats and drinks.

The foundation, named after the American chef, author and television personality who was a friend and cooking partner of Pepin, cited his mastery in the kitchen and long career teaching and writing about the culinary world.

Aug 13, 2015

U.S. TIPS breakeven rates fall on China, oil

NEW YORK, Aug 13 (Reuters) – The U.S. bond market’s gauge of
inflation expectations fell on Thursday as traders revived bets
of weak price growth worldwide due to worries about China’s
economy and a slump in oil prices.

Government data that showed a 0.9 percent drop in U.S.
import prices in July supported the view that domestic inflation
will likely remain tame.

Aug 12, 2015

U.S. sells 10-year notes to poor demand

NEW YORK, Aug 12 (Reuters) – The U.S. Treasury Department on
Wednesday sold $24 billion in 10-year notes to weak demand,
resulting in it paying a higher yield to investors than the
market expected, Treasury data showed.

The poorly bid 10-year note sale, the second leg of this
week’s $64 billion quarterly refunding, occurred during a rally
in U.S. Treasuries as investors piled into low-risk U.S.
government debt in the wake of China’s surprise devaluation of
its currency in a bid to help its economy.

    • About Richard

      "I am currently part of the U.S. Treasuries group based in New York, which covers the government debt market as well as interest rate derivatives. Previously, I was a specialist in housing and structured finance. Prior to joining the fixed income team, I had written extensively about the U.S. energy industry with focus on market and regulatory issues."
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