bund, t-bond t-note ecc SOLO LONG FOR EVER
- Creatore Discussione dan24
- Data di Inizio
Fleursdumal
फूल की बुराई
ora va bene però tu ce l'hai più grosso del mio
cè dì che lo fai apposta
cè dì che lo fai apposta
Fleursdumal
फूल की बुराई
veru, la corte è pregata di non considerare le ultime parole proferite 
Fleursdumal
फूल की बुराई
son sempre i cinesi a far da market-mover
US Treasuries mixed after China warns speculators
Tue Jul 26, 2005 09:18 AM ET
NEW YORK, July 26 (Reuters) - U.S. Treasuries were mixed in early U.S. trade on Tuesday following a rally in Asia where bonds gained on news that China had played down talk of further revaluations of its yuan currency.
China's comments helped to reassure traders, who are waiting for consumer confidence data and an auction of TIPS later in the session, that the country's central bank was likely to keep pouring dollars into the U.S. bond market.
The People's Bank of China said on Tuesday in a statement on its Web site that last week's 2.1 percent revaluation of the yuan did not mean there would be further adjustments to the currency.
"That gave the long end a minor bid," said one bond trader at a Wall Street primary dealer.
Benchmark 10-year notes(US10YT=RR: Quote, Profile, Research) rose 1/32 to yield 4.25 percent, right where they were late on Monday.
The two-year note (US2YT=RR: Quote, Profile, Research) was flat to yield 3.95 percent. The spread between two- and 10-year notes was flat at 30 basis points after it widened following the Chinese revaluation news last Thursday.
Asian central banks, which have intervened on a massive scale in recent years to prevent their currencies from appreciating against the dollar, hold more than a quarter of outstanding Treasuries.
U.S. Treasury yields initially hit two-month highs last week after China's sudden revaluation, which led some to worry that its decision to link the yuan to a basket of currencies might reduce demand for Treasuries.
Traders were also looking ahead to the U.S. Treasury Department's auction of $6 billion in 20-year TIPS (Treasury inflation protected securities).
"This may not go so well. Two weeks ago the 10-year TIPS sale was quite poor despite prices cheapening into the auction. The bid-to-cover ratio on that was just 1.68 times, compared with 1.9 times at a previous sale," said a salesman at a U.S. investment bank in London.
Tuesday's main data, the Conference Boards's July survey on consumer confidence, comes at 10 a.m. (1400 GMT). Economists expect the private business group's report to rise slightly to 106.0, up from June's 105.8.
Reports on durable goods orders on Wednesday and Friday's first estimate of second-quarter gross domestic product (GDP) growth are sure to get more attention from traders than the consumer confidence, traders said.
"There is room for a stronger confidence number, and I think the GDP numbers this week will also be stronger, so the 10-year T-Note yield may edge higher, to around 4.28 percent," said Alan McQuaid, economist at Bloxham Stockbrokers in Dublin.
"It has hovered around 4.25 percent for a while. But the market won't go far, as it will be in a consolidative mood until September," McQuaid said.
Signs of strong economic growth could fan expectations that the Federal Reserve will extend its tightening campaign after nine straight interest rate raises, which have lifted the central bank's funds rate to 3.25 percent.
US Treasuries mixed after China warns speculators
Tue Jul 26, 2005 09:18 AM ET
NEW YORK, July 26 (Reuters) - U.S. Treasuries were mixed in early U.S. trade on Tuesday following a rally in Asia where bonds gained on news that China had played down talk of further revaluations of its yuan currency.
China's comments helped to reassure traders, who are waiting for consumer confidence data and an auction of TIPS later in the session, that the country's central bank was likely to keep pouring dollars into the U.S. bond market.
The People's Bank of China said on Tuesday in a statement on its Web site that last week's 2.1 percent revaluation of the yuan did not mean there would be further adjustments to the currency.
"That gave the long end a minor bid," said one bond trader at a Wall Street primary dealer.
Benchmark 10-year notes(US10YT=RR: Quote, Profile, Research) rose 1/32 to yield 4.25 percent, right where they were late on Monday.
The two-year note (US2YT=RR: Quote, Profile, Research) was flat to yield 3.95 percent. The spread between two- and 10-year notes was flat at 30 basis points after it widened following the Chinese revaluation news last Thursday.
Asian central banks, which have intervened on a massive scale in recent years to prevent their currencies from appreciating against the dollar, hold more than a quarter of outstanding Treasuries.
U.S. Treasury yields initially hit two-month highs last week after China's sudden revaluation, which led some to worry that its decision to link the yuan to a basket of currencies might reduce demand for Treasuries.
Traders were also looking ahead to the U.S. Treasury Department's auction of $6 billion in 20-year TIPS (Treasury inflation protected securities).
"This may not go so well. Two weeks ago the 10-year TIPS sale was quite poor despite prices cheapening into the auction. The bid-to-cover ratio on that was just 1.68 times, compared with 1.9 times at a previous sale," said a salesman at a U.S. investment bank in London.
Tuesday's main data, the Conference Boards's July survey on consumer confidence, comes at 10 a.m. (1400 GMT). Economists expect the private business group's report to rise slightly to 106.0, up from June's 105.8.
Reports on durable goods orders on Wednesday and Friday's first estimate of second-quarter gross domestic product (GDP) growth are sure to get more attention from traders than the consumer confidence, traders said.
"There is room for a stronger confidence number, and I think the GDP numbers this week will also be stronger, so the 10-year T-Note yield may edge higher, to around 4.28 percent," said Alan McQuaid, economist at Bloxham Stockbrokers in Dublin.
"It has hovered around 4.25 percent for a while. But the market won't go far, as it will be in a consolidative mood until September," McQuaid said.
Signs of strong economic growth could fan expectations that the Federal Reserve will extend its tightening campaign after nine straight interest rate raises, which have lifted the central bank's funds rate to 3.25 percent.
Fleursdumal
फूल की बुराई
Bonjour a tout les bondaroles
cè son stato senza adsl da ieri a poco fa, chi azzo hai visto?
cè son stato senza adsl da ieri a poco fa, chi azzo hai visto?
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