The News Review:
- Japan’s Bonds Slide as Higher Funding Costs Dim Auction Outlook
- S.Korea bond futures drop on auction, rating fears
- TREASURIES-Fall as Asian shares rally, auction eyed
- Advertisers to host wine, silent auction
- Trinity School auction is Thursday
- Torco Racing Fuels Auction Today
- Teens’ auction aids homeless Trio of 15-year-olds raises funds for …
Japan’s Bonds Slide as Higher Funding Costs Dim Auction Outlook
Bloomberg
10 (Bloomberg) — Japan's government bonds fell for asecond day on concern higher funding costs will limit demand ata government auction of five-year debt tomorrow. Five-year yields climbed to the highest in almost two weeksas the Tokyo interbank offered rate, known as yen Tibor,remained above last year's average. Demand for government debtalso waned on concern the.
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S.Korea bond futures drop on auction, rating fears
Forbes, NY
The December futures contract dropped as much as 67 ticks before ending 64 ticks lower at 108. 20, adding to Friday’s 63-tick decline. The finance ministry sold an unusally large amount of 5-year treasury bonds totalling 2. 25 trillion won at an average rate of 5. 10 percent in an auction on Monday. Investors stayed away from government bonds, with fears of more financial turmoil arising after Fitch Ratings put South Korea’s rating outlook on its ‘negative’ watch list. (Reporting by Seo Eun-kyung; Editing by Jonathan Hopfner) ((eunkyung.
TREASURIES-Fall as Asian shares rally, auction eyed
Reuters
Longer-dated Treasuries were vulnerable as $55 billion ofsupply hits the market this week in the Treasury’s quarterlyrefunding, significantly above the $18 billion refunding inNovember last year. The government’s sale of new issues will kick off later inthe day with new three-year notes, followed by new ten-year notesas well as re-opened 30-year bonds later in the week. “The immediate focus of the market has shifted from the depthof the economic slowdown to the bond auctions this week, as themarket wants to see how supply will impact the market in the longrun,” says Ryuji Shimai, a market analyst at Shinko Securities inTokyo. Analysts expect some $2 trillion of Treasuries to be issuedover the next year as the U. government and Federal Reservefund unprecedented rescues for banks, insurers, automakers andhomeowners in efforts to ease the credit crisis and bring astricken economy back to life.
Advertisers to host wine, silent auction
Iowa City Press Citizen, IA
In addition, licensed massage therapist Dan Cooper will provide free chair massages throughout the evening. The cost to attend is $30 per person and includes wine, other beverages, hors d’oervres and the chance to participate in the silent auction. To register for the event and to see a list of silent auction items, go to.
Trinity School auction is Thursday
Sun Shopper, AZ
13, at Willow Hills Baptist Church – just off Willow Lake near Willow Creek in Prescott. For $5 a person or $10 a family, people can enjoy a spaghetti dinner and bid on items.
Torco Racing Fuels Auction Today
WSJM, Michigan
The owner of Torco Racing Fuels, who lives in Decatur, got in trouble with the banks because of his lavish life-style and questionable excise tax claims, that have triggered an IRS investigation. On the auction block: 5 dirt bikes, 7 snowmobiles, a top fuel dragster, a luxury Motor Home, several semis and three sprint cars all going to the highest bidder. His business properties have been purchased by competitors or former employees. The proceeds from the auction aren’t expected to come anywhere close to satisfying the 15-million dollar debt owed to banks.
Teens’ auction aids homeless Trio of 15-year-olds raises funds for …
The Wichita Eagle, KS
comp –>The painting was titled “Tree of Love. ” Surrounded by a redborder, the black, twisted limbs of a leafless tree held a lone heart, hanging from one of its branches — a symbol of the difference just a little bit of love can make in even the darkest of times. The painting was one of many items up for bid in a silent auction Sunday at Craig Allen’s on East 13th Street. Proceeds from the auction went to help the homeless through the Union Rescue Mission. Parker Tatro, who helped organize the event along with Ashton Schrag and Hannah Yowell, said art for the auction had been donated by family and friends. Putting the event together on their own, the trio are proof that a bit of love can come from anyone. Schrag, Tatro and Yowell are sophomores in high school.