Bonds articles

Germany’s Bonds Little Changed Before Euro-Area Output Report

Germany’s government bonds were little changed before a report economists said will show a measure of euro-area output climbed to the highest level since June 2011 this month. Benchmark 10-year yields were about seven basis points from the lowest level since August. A composite gauge of manufacturing and services output in the euro region, based

Treasuries Advance as Report Signals China Manufacturing Slowed

Treasuries rose, rebounding from yesterday’s biggest decline in a week, after a report indicated manufacturing in China is slowing. Investors sought the relative safety of U.S., Japanese and Australian government debt after a purchasing managers index for China from HSBC Holdings Plc and Markit Economics unexpectedly fell to 48.3 for February from 49.5 last month.

Kuroda Easing Doomed as Yen Seen Missing 120 Level

Strategists’ forecasts signal the Bank of Japan will fail to reach its 2 percent inflation target as yen declines next year won’t be sufficient. Japan’s currency will tumble 11 percent to 115 per dollar in 2015, according to a Bloomberg of analysts, short of the 120 level economists estimate will be needed for consumer prices

Puerto Rico Plans $2.86 Billion Debt Sale for 16 Months of Cash

Puerto Rico is planning to sell about $2.86 billion of general-obligation debt next month, providing the island with sufficient liquidity through June 2015, Government Development Bank officials said. The GDB, which handles the commonwealth’s borrowings, offered details for the tax-exempt general-obligation bond sale in an investor webcast today. The bank had $2.7 billion of cash

China Overnight Rate Touches Nine-Month Low on Ample Cash Supply

China’s overnight money-market rate dropped to a nine-month low as an ample supply of cash offset the impact of the central bank draining funds. The People’s Bank of China withdrew 48 billion yuan ($7.9 billion) by selling 14-day repurchase contracts at 3.8 percent yesterday. That was the first repo auction since June. The monetary authority

Treasury Yield Is Near One-Week Low as Economic Data Disappoint

Treasury yields were near a one-week low as a measure of U.S. economic data showed figures are falling short of expectations by the most in three months. The Citigroup Economic Surprise Index fell to zero yesterday as economic figures trailed analysts’ estimates by the most since Nov. 5. Data today will probably show housing starts

CLO Sales Climb in Europe as Volcker Sidestepped: Credit Markets

The market for collateralized loan obligations in Europe is heading for the busiest start since 2008 amid signs issuers may be able to overcome new regulations that are crimping U.S. deals packaging junk-rated buyout debt. At least 2.4 billion euros ($3.3 billion) of the securities have been sold or are being marketed, more than four

Corporate Bond Sales Drop 30% as Yellen Signals Gradual Tapering

Sales of corporate bonds in the U.S. fell 30 percent this week and relative yields narrowed as newly appointed Federal Reserve Chairman Janet Yellen pledged to maintain her predecessor’s policies by scaling back the central bank’s unprecedented stimulus in “measured steps.” Capital One Financial Corp. (COF), the bank that gets more than half its revenue

Moody’s confirms City of Salem, NJ’s Ba3 GO rating; outlook stable

City has $27M of debt outstanding New York, February 14, 2014 — Moody’s Investors Service has confirmed the Ba3 rating on $15 million of the City of Salem’s (NJ) General Obligation bonds. The outlook is stable. The bonds are secured by the city’s General Obligation, unlimited tax pledge. The city’s rating was placed under review

The New American Airlines Goes for the Gold

Expect a few bumps as American Airlines Group shares ascend toward cruising altitude over the next 12 months. But don’t let that prospect keep you from investing. Since December, when American emerged from bankruptcy and combined with US Airways, its new stock (ticker: AAL) has risen 42%, almost four times the airline industry’s 11% gain