The News Review:
- Cash-strapped households sending their belongings to auction block
- TREASURIES-Steady as investors brace for auctions Fed
- Cash JGBs slip ahead of FMC Treasury auctions
Cash-strapped households sending their belongings to auction block
New York Daily News
Cole Haan Holdings Inc. Antiques RoadshowMarcia CooperFort LeeCharles Matherceanside (New York)Nassau CountyAmerican Express CompanyRene GruauParisNew JerseyChristina MontayneNicholas LowryPhilip WeisseBay Inc.
TREASURIES-Steady as investors brace for auctions Fed
Reuters
* “As for our economists they expect changes in the FMCstatement will reflect a bit more optimism on the prospects forrecovery but also a stronger signal that there will be no rush tounwind stimulus” said an analyst for UBS in Singapore in aclient note. “They do not expect any significant changes to the Fed’sasset purchase programmes. * Some analysts said it was hard to gauge investor demandahead of the auctions of two- and five-year paper as both comebefore the release of the Fed’s policy statement on Wednesday. * The Fed is contemplating major changes to the repo marketsthe Financial Times reported on its website on Sunday. Among thechanges being considered are plans to create a utility to replacethe Wall Street banks that handle transactions the papersaid.
Cash JGBs slip ahead of FMC Treasury auctions
Forbes
* The market was also bracing for the first increase in JGB issuance to help finance economic stimulus measures at a two-year auction on Thursday. The Ministry of Finance is due to raise the amount it offers to 2. 4 trillion yen from 2 trillion yen. * ‘Medium- to short-dated JGBs were supported by demand from investors such as banks. Investors adjusted their positions after last week’s rally but the market overall is holding its solid tone’ said Satoshi Yamada general manager at kasan Asset Management.
Related from Yolog: Japan yields are flat ahead of auctions