The Reserve Bank of Australia indicates that it could put rates on hold for the time being and will only opt for further rate cuts, if necessary, says Sean Callow, senior currency strategist at Westpac.» Read More
TOKYO, March 3- Japanese government bond prices sagged on Tuesday, weighed down by lukewarm demand at a 10- year debt sale and overnight retreat by U.S. The Bank of Japan's extensive debt purchases as part of its monetary easing drove the 10- year yield to a record low of 0.195 percent in January but has also sucked up liquidity and made the market volatile, sending...
*Yield spike on Wall Street rally, mixed data help dollar. SYDNEY/ TOKYO, March 3- The dollar hit a fresh 11- year peak against a basket of major currencies on Tuesday, as rising Treasury yields helped it prevail over its peers. In addition to Wall Street shares hitting fresh record highs on Monday, a batch of mixed data overnight was seen by some as a driving the rise in...
While the Nasdaq Composite's close above the 5,000 mark is a solid move, it is "nothing more than a round number," says Kenny Polcari, director at O'Neil Securities.
The Treasury Department auctioned $26 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week. Another $26 billion in six-month bills was auctioned at a discount rate of 0.075 percent, up from 0.065 percent last week. For a $10,000 bill, the three-month price was $9,999.62, while a six-month bill sold for $9,996.21.
Medha Samant, investment Director, Asian Equities at Fidelity Worldwide Investment, is positive about the state of China's re-balancing act and explains where the firm is focusing on.
NEW YORK, March 2- U.S. Pharmaceutical company Actavis on Monday was marketing bonds that are expected to total $22 billion, the second largest amount ever sold by a corporate borrower. "Corporate deals are weighing on the market, and we've heard of some allocation out of bonds into equities," said Sean Murphy, a Treasuries trader at Societe Generale in New York.
Ron Insana says Congress should not be auditing the Fed. Period.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
NEW YORK, March 2- U.S. Personal income rose by 0.3 percent in January though personal consumption fell by 0.2 percent, the U.S. Commerce Department said. It looks like that didn't really happen, "said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.
US TREASURY YIELDS INCREASE AFTER PCE DATA, 10- YEAR NOTE YIELDS RISE TO 2.02 PCT.
U.S. consumer spending fell for a second straight month in January, as lower gasoline prices continued to weigh on receipts at service stations.
U.S. Treasury yields rose after data showed that personal income rose in January, reducing some fears that the U.S. economic growth is slowing.
Brian Reynolds, chief market strategist at Rosenblatt Securities, gives his thoughts on the Federal Reserve's inevitable rate hike.
TOKYO, March 2- Japanese government bonds edged down on Monday as investors prepared for the following day's monthly auction of 10- year JGBs, with the Bank of Japan's bond-buying operations providing some support to the market. The BOJ offered to buy 50 billion yen of JGBs maturing in one year, 240 billion yen in the 10- year to 25- year zone and another 140 billion...
Reinhard Cluse, chief European economist at UBS, says there's a "decoupling" going on between Europe and the U.S., in terms of their monetary policies.
Some central banks have cut interest rates into negative territory to eke out economic growth, but unintended, counterproductive outcomes may emerge.
Jonathan Pain, author of the Pain Report, says the Chinese stock market will likely see further gains ahead, but Wall Street may see potential headwinds this year.
Chetan Ahya, chief Asia economist at Morgan Stanley, says the People's Bank of China needs to cut interest rates further because real interest rates remain "pretty high."
While a rise in U.S. interest rates will occur in 2015, the hike will come likely later in the year, instead of June, says Michael Hanson, senior U.S. economist at Bank of America Merrill Lynch Global Research.
A weakening housing sector and exports coming under pressure are dimming China's growth prospects, says Richard Iley, chief economist for Asia at BNP Paribas.