News Headline Summary
Heading into the European open, JGBs in Japan continue to come under-pressure as markets participants digest yet another lacklustre bond auction and in turn question the ability of the BoJ to deliver QE while ensuring stability of its bond market...
- Prices also being weighed on by a turnaround in the Nikkei 225, which remains on path to settle with a gain of around 1.50%.
- USD/JPY also staged a decent rebound, trades back towards 102.00 level.
- Over the weekend, officials from the BoJ tried to suppress concerns that the central bank is loosing grip on the bond market and that the volatility which was observed last week, when the Nikkei 225 index fell over 7% is a one-off.
05:54, 28 May 2013 -
05:45, 29 May 2013
US 10s fell aggressively overnight, with yields on 10y at highest level since April 2012, as better macro data in the US continues to support the idea that the Fed will soon begin to taper its QE program...
17:19, 28 May 2013
US Treasuries continue to edge lower following a poor 2y note auction pushing the 10y yield to new session highs at 2.13%...
14:59, 28 May 2013
Platinum and palladium continues to buck the trend, while spot gold and silver prices remain underpressure as market participants roll-out of expiring options contracts...
14:20, 28 May 2013
Spot gold and silver continues to come underpressure, underpinned by a firmer USD, which is seen up 0.50%, supported by the release of better than expected US macroeconomic data...
14:09, 28 May 2013
In the wake of the much better than expected Consumer Confidence reading, with the headline figure coming at the highest since February 2008, T-notes press to fresh session lows at 130.44, as 10y yields climb to the highest level since April 2012 at 2.08%
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