The News Review:
- Treasurys slide after auction of 5-year notes
- JGBs steady after smooth two-year debt auction
- Bonds boosted by record auction
- TREASURIES-Bonds sink on supply worries tepid 5Y auction
- Pietersen valued at $1.35m for IPL auction
- Rosewood Side Chair attr. To John Henry Belter
- 14k W/G Pear Emerald and Synthetic Diamond Ring
Treasurys slide after auction of 5-year notes
The Associated Press
The sell-off sent the 30-year bond’s yield soaring to a new two-month high. The Treasury Department auctioned $30 billion worth of five-year notes on Thursday. There were nearly twice as many bids as there were notes available but the ratio was a bit lower than the average of the last four according to analysts at RBS Greenwich Capital. Also the rate offered was 1.
JGBs steady after smooth two-year debt auction
Reuters
Treasuries tumbled onthe view that the Federal Reserve was cautious about buyinglonger-dated debt while Tokyo share gains also initially drewinvestors away from safe-haven bonds. But JGBs trimmed some of their losses after an auction oftwo-year JGBs drew firm demand despite increased issuance and thelowest coupon in three years reflecting investor expectationsthat the Bank of Japan will keep an accommodative policy stancefor the foreseeable future. The auction outcome reflected investor demand supported bythe BJ’s easy monetary policy said Keiko nogi a senior JGBstrategist at Daiwa Securities SMBC. The Ministry of Finance increased the two-year auction amountto 2 trillion yen ($22 billion) from 1. 8 trillion yen at theprevious tender.
Bonds boosted by record auction
CNNMoney.com
com) — Treasurys rallied Tuesday after a record 2-year note auction attracted more bidders than available notes. Bonds were also boosted by hopes that the Federal Reserve will offer more details Wednesday about the possibility that it may step in and buy its own debt which would provide a surge of demand. The central bank began its two-day policy-making meeting Tuesday. With interest rates in a range of 0% to 0. 25% there’s not much room to go lower.
TREASURIES-Bonds sink on supply worries tepid 5Y auction
Reuters
n the other hand gloomy data on housing jobless claimsand durable goods reinforced the notion of a prolongedrecession. The latest wave of grim economic news helped to spursafety bids and mitigate bond losses. “Treasuries are extending their losses a bit since theauction” said Mary Ann Hurley senior Treasuries trader atD. Davidson in Seattle. “The auction seems a bit sloppy. The record amount of five-year debt sold on Thursdaygarnered mediocre demand with the high yield coming in higherthan expected traders and analysts said.
Pietersen valued at $1.35m for IPL auction
guardian.co.uk UK
The prospects for England’s other wannaÂbees are less clear-cut. Steve Harmison and Paul Collingwood both have base prices of $250000 while James Anderson and Ian Bell would also require a starting bid of $200000 but the mediocre form of players on England’s one-day tour of India has not helped their chances. The eight franchises are limited to a maximum spend of $2m each on new signings which encompasses international players in next week’s auction uncapped new players such as Essex’s hard-hitting all-rounder Graham Napier or the re-signing of any players who took part in 2008 as temporary replacements. Lalit Modi chairman of the IPL organising committee said: “At the end of the day the franchises have to choose who the players are. Some are budding players and some are players with great experience behind them. The minimum price for Kevin Pietersen is $1. 35m and for Andrew Flintoff $950000 but what price they will go to is anybody’s guess.
Rosewood Side Chair attr. To John Henry Belter
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14k W/G Pear Emerald and Synthetic Diamond Ring
Auction Central News NY
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