Fixed Income News Results

  • Treasury yields come off highs after Fed's Williams talks up yield-curve control policy

    Treasury yields slipped Wednesday after a Federal Reserve official talked up the possibility of implementing yield-curve control measures in the U.S. The 10- year Treasury note yield fell 2 basis points to 0.677%. The 2- year note rate edged 0.4 basis points up to 0.182%.

  • This Isn't Your Father's Corporate-Bond Market

    Corporate bonds have never been so popular. Are they a safer investment than they used to be in a downturn, or just riding a wave of central-bank and index-fund money? U.S. companies have issued a record $1.2 trillion worth of bonds this year, according to Dealogic--a 78% increase relative to the comparable period of 2019. Even companies in the aviation industry like plane maker Boeing, which are expected to face years of depressed demand, have found buyers.

  • Hershey plans bond deal to raise funds to pay down some of its commercial paper

    The Hershey Co. (HSY) said Wednesday it's planning a bond deal to raise the funds to repay a portion of its commercial paper program. The chocolate maker did not offer any details of size or pricing. Shares were not yet active premarket, but have fallen 13% in the year to date, while the S&P 500 has fallen 7%.

  • Euro surges on reports of EUR750 billion EU stimulus package

    The euro rose and Italian bond yields rallied Wednesday, on a report the European Union plans to announce a stimulus package worth as much as EUR750 billion. Citing an official with knowledge of the plan, Bloomberg reported that the package would be split between EUR500 billion loans and EUR250 billion grants, funded by borrowing on financial markets. The plan is due to be announced by European Commission President Ursula von der Leyen later, and will be a key part of the EU's effort...

  • Fed should lift caps to buy as much corporate bond ETFs as it wants, says BofA

    Fed has bought $1.8 billion through its corporate-debt facilities, so far. The Federal Reserve should remove ceilings on its purchases of corporate bond exchange-traded funds to deliver on market expectations that it would scoop up hundreds of billions worth of such debt to keep credit flowing to a broad spectrum of U.S. companies during the pandemic. That's the hope from Hans Mikkelsen of BofA Global Research who says the burden to prove eligibility for the Fed's corporate...

  • Treasury yields climb as global stock markets rally on reopening optimism

    Treasury yields rose Tuesday as global stock markets rallied at the start of the U.S. holiday-shortened week amid signs that more economies were on the path to lifting lockdown measures and restarting growth. The 10- year Treasury note yield rose 3.8 basis points to 0.697%, while the two-year note rate was up a basis point to 0.178%. The 30- year bond yield climbed 6.5 basis points to 1.438%.

  • Here's why the Treasury's record-breaking borrowing won't dampen Wall Street's mood, says JP Morgan

    U.S.' s budget deficits won't drain liquidity. Could the U.S.' s fiscal deficits drain liquidity from Wall Street as the Federal Reserve puts the brakes on its bond- buying and investors are forced to absorb the trillions of debt sold by the Treasury this year? For analysts at JP Morgan, the answer is no.

  • Treasury yields retreat as U.S.-China tensions threaten renewed geopolitical concerns

    Treasury yields fell Friday as investors contended with escalating tensions between Washington and Beijing amid the COVID-19 pandemic, drawing appetite for haven assets. The U.S. bond-market will be closed next Monday in observance of the Memorial Day holiday. See: Is the stock market closed today?

  • Out-of-whack stock and bond prices say something troubling about the coronavirus economy

    Main Street is taking it on the chin, but Wall Street may wind up doing pretty well. U.S. stocks have rallied sharply since the March tumble, while bond yields are deeply depressed, hovering near all- time lows, but, in a recent analysis, Peter Berezin, chief global strategist for BCA Research, lays out a straightforward-- if bleak-- explanation. The coronavirus pandemic is likely to pummel Main Street while leaving Wall Street relatively unscathed, Berezin writes, and asset prices are...

  • Fed's balance sheet tops $7 trillion, shows increased buying of corporate bond ETFs

    Fed's buying of corporate debt ETFs increases by $1.50 billion. The numbers: The Federal Reserve's balance sheet increased to $7.09 trillion for the week ending in May 20, up from$ 6.98 trillion in the previous week, the central bank said Thursday. What happened: The Fed's holdings in its corporate credit facility grew by $1.50 billion to $1.80 billion, after the central bank announced last Tuesday it would buy corporate bond exchange-traded funds.

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