Arab Today, arab today us treasuries rise after italian auction
Last Updated : GMT 04:33:33
Arab Today, arab today
Arab Today, arab today

US Treasuries rise after Italian auction

Arab Today, arab today

Arab Today, arab today US Treasuries rise after Italian auction

New York - Arabstoday

US Treasuries prices rose yesterday after bidding at an auction of Italian sovereign debt fell short of expectations, reviving safe haven demand for less risky government securities. Investors were monitoring the results of last week\'s Eurozone debt auctions, in particular in Italy and Spain due to their heavy indebtedness and a surge in their borrowing costs in late 2011. They fear a score of weak auctions would exacerbate the ability of Eurozone\'s third and fourth biggest economies to refinance their debt as they struggle to pare spending. Traders had anticipated strong demand for Italy\'s 4.75 billion of three-year notes offered yesterday following relative brisk bidding at Thursday\'s Spanish debt sale. But the Italian auction\'s bid-to-cover ratio of 1.22 was lower than expectations. \"Some people were looking for an outsize bid. It was a disappointing sale,\" said Chuck Retzky, director of futures sales at Mizuho Securities USA in Chicago. Also fuelling the early bond market gains was an expected lower open on Wall Street stocks after US bank J.P. Morgan reported lower fourth-quarter profits on weaker trading and corporate deal-making due to the Eurozone debt crisis. Underperformed In early trading, benchmark 10-year Treasury notes were up 9/32 in price for a yield of 1.89 per cent, down 3 basis points from late Thursday. The 10-year yield is poised to fall about 6 basis points on the week, closing well within the 1.80-2.15 per cent trading range established since last November. The 30-year bond recovered from Thursday\'s weak $13 billion auction, the last leg of last week\'s $66 billion in coupon-bearing supply. It last traded up 19/32 for a yield of 2.94 per cent, down 3 basis points from Thursday. The 30-year bond yield was on track to fall 6 basis points on the week after rising 12 basis points the previous week. After the disappointing Italian debt sale, Treasuries underperformed German Bunds for a second day. Their 10-year yield premium over 10-year Bunds grew to nearly 10 basis points, the widest since last Thursday. On the data front, the US trade gap widened to $47.75 billion in November, wider than the $45.00 billion expected by economists. Thomson Reuters and the University of Michigan were to release their early January readings on US consumer sentiment yesterday morning. Despite some encouraging signs in the US economy in recent weeks, there are concerns that this year-end upward momentum would evaporate as seen in the previous two years. \"The worry is that consumers will go back into their shell in the first quarter,\" Mizuho\'s Retzky said. Meanwhile, Federal Reserve Governor Elizabeth Duke was to speak about regulations and credit availability at mid-morning, while Richmond Fed President Jeffrey Lacker was to discuss his economic outlook after that.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us treasuries rise after italian auction Arab Today, arab today us treasuries rise after italian auction

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 20:48 2017 Wednesday ,22 February

Dividend announcements drive Muscat bourse

GMT 16:56 2017 Wednesday ,22 February

Global gold prices drop

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%

GMT 13:22 2017 Wednesday ,22 February

Canadian stock market closes at record high

GMT 11:50 2017 Wednesday ,22 February

Most Asia markets up as Hong Kong rebounds

GMT 20:52 2017 Tuesday ,21 February

Asia stocks consolidate recent gains; China shines

GMT 10:37 2017 Tuesday ,21 February

Most Asia markets up as rally presses ahead
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday