Tag: Government Debt/Bond Markets
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Pound and U.K. bond yields slide after Britain’s inflation hits lowest in more than a year
[ad_1] The pound fell back below $1.30, U.K. government bond yields dropped sharply and London’s equity futures jumped after data showed Britain’s inflation has dropped to its lowest in more than a year. Headline annual inflation rose 7.9% last month, less than economists forecasts of 8.1%, and way below May’s 8.7%, according to the Office…
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Bank of England warns of risks from big hedge-fund bets against Treasury bonds
[ad_1] Big bets by hedge funds against Treasury securities pose a risk to the global financial system, the Bank of England has warned. In its latest financial stability report, published Wednesday, the U.K. central bank noted that short positions in Treasury futures have increased notably of late and are now at levels not seen since…
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Fed’s reverse repo facility sees demand tumble to $1.8 trillion as Treasury bill deluge refills U.S. coffers
[ad_1] Demand for the Federal Reserve’s popular overnight reverse repo facility has dropped to about $1.8 trillion daily from its near $2.6 trillion peak in December in the wake of the June U.S. debt-ceiling deal. The Fed facility has been a key cog in the plumbing of financial markets for the past two years as…
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Don’t fear the bond yield spike, stocks can rally more, reckons this analyst
[ad_1] It’s another Jobs Friday and the markets are having a wobble. Stock futures suggest the S&P 500 SPX is in danger of extending the previous session’s 0.8% drop, its biggest loss in six weeks as investors are rattled by the sight of benchmark bond yields breaking to fresh cycle highs following robust economic data…
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BOJ board member says lifting 10-year bond yield cap could delay economic recovery
[ad_1] The Bank of Japan must be mindful of the risk that lifting its cap for 10-year Japanese government bond yields could interfere with the country’s economic recovery, policy board member Asahi Noguchi said Thursday. Noguchi said raising the bond yield cap could reduce the degree of monetary easing by causing a rise in long-term…
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Bank of Japan keeps ultra-low interest rates unchanged
[ad_1] TOKYO — The Bank of Japan kept its ultra-low interest rates unchanged Friday, affirming Gov. Kazuo Ueda’s policy of trying to nurture sustainable inflation. The BOJ decided to maintain its cap on the 10-year Japanese government bond yield at 0.5% and kept short-term interest rates at minus 0.1%. The yield on 10-year JGBs has…
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Biden touts debt-ceiling meeting as ‘productive,’ but McCarthy says no ‘new movement’
[ad_1] House Speaker Kevin McCarthy on Tuesday said he “didn’t see any new movement” toward ending Washington’s standoff over the debt ceiling, as he assessed how a much-anticipated meeting on the issue went. President Joe Biden hosted the meeting at the White House with the country’s four top lawmakers, and beforehand analysts had predicted it…
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Aussie dollar, bond yields surge after central bank’s surprise rate hike
[ad_1] Australian government bond prices plunged and the country’s currency surged after the central bank surprised markets on Tuesday with another rate hike. The Reserve Bank of Australia raised its benchmark borrowing costs by 25 basis points to 3.85% after traders had expected no move. The RBA said inflation, which is running at an annual…