Interest Rates News Results

  • U.S. Bonds Yields Remain Near Highest Level Since June -- Update

    U.S. government bond yields posted their largest weekly gain since August, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election. The yield on the benchmark 10- year Treasury note reached as high as 0.87% in early trading Friday before settling at 0.84%, according to Tradeweb-- down slightly from 0.847% on Thursday. It had previously climbed for six straight sessions, reaching its highest level since early June.

  • U.S. Government Bonds Yields Remain Near Highest Level Since June

    U.S. government bond yields were on track to end the week near multimonth highs, lifted by signs of economic recovery and the hopes for economic stimulus before or after the presidential election. The 10- year yield, which reached as high as roughly 0.87% in early trading, has climbed for six straight sessions, buoyed by investors' expectations that the economy is rebounding and lawmakers will eventually reach a deal to help individuals and companies weather the pandemic...

  • Central Banks Pile Into Europe's Common Debt

    Central banks were among the biggest buyers of European common debt this week, signaling growing trust that the euro will hold its own through the pandemic. The European Commission-- the European Union's executive arm-- issued its first wave of common debt to finance its coronavirus-relief programs Tuesday. It raised EUR17 billion, equivalent to $20 billion, from the sale of 10- year and 20- year bonds.

  • AMC Bonds Fall Despite Theater Reopenings -- Update

    Investors are dumping bonds tied to the world's biggest movie theater chain, betting that attendance will remain low despite venues reopening in major markets. The price on AMC Entertainment Holdings Inc.' s $1.4 billion bond due June 2026 dropped below 10 cents on the dollar this week, according to MarketAxess, implying creditors believe they aren't very likely to get paid back. The company's $500 million bond due April 2025 was quoted around 60.5 cents on the dollar Thursday,...

  • AMC Bonds Fall Despite Theater Reopenings

    Investors are dumping bonds tied to the world's biggest movie theater chain, betting that attendance will remain low despite venues reopening in major markets. The price on AMC Entertainment Holdings Inc.' s $1.4 billion bond due June 2026 dropped below 10 cents on the dollar this week, according to MarketAxess, implying creditors believe they aren't very likely to get paid back. The company's $500 million bond due April 2025 was quoted around 61.25 cents on the dollar as of...

  • Sasol Warns of Hit to North American Operations From Hurricane Laura

    Sasol Ltd. (SSL) warned Thursday of a hit to its North American operations from Hurricane Laura in the first quarter of fiscal 2021.. The South Africa-based petrochemical and energy company said Hurricane Laura, which made landfall on Aug. 27 near its Lake Charles Chemicals Complex in Louisiana, had an impact of around 170,000 tons on the total net saleable tons of its North American operations for the quarter ending Sept. 30.. Sasol (SSL) said Hurricane Delta made landfall on Oct. 9 as the...

  • Treasury Yields Touch Multi-Month Highs -- Update

    U.S. government-bond yields hit their highest levels in more than four months, following signs of progress in Washington toward a deal on a roughly $2 trillion coronavirus relief package. The yield on the benchmark 10- year U.S. Treasury note settled at 0.815%, according to Tradeweb, compared with 0.796% Tuesday.

  • Treasury Yields Touch Multi-month Highs

    U.S. government bond yields hit their highest levels in more than four months, following signs of progress in Washington toward a deal on a roughly $2 trillion coronavirus relief package. In recent trading, the yield on the benchmark 10- year U.S. Treasury note was 0.801%, according to Tradeweb, compared with 0.796% Tuesday.

  • Slowdown in Corporate Bond Issuance Could Boost Investment-Grade Debt

    Companies have pulled back from the frenetic pace of corporate-bond issuance earlier this year, and that could support further gains for high-grade debt investors. Markets this year have soaked up a record-breaking wave of new bond sales from companies looking to amass cash to get through the economic disruptions caused by the Covid-induced crisis and resulting coronavirus-fighting lockdowns. So far in 2020, Europe has seen $525 billion of new debt deals and the U.S. has...

  • Treasury Yields Hit Highest Levels Since June

    U.S. government-bond yields reached their highest levels in months Monday, lifted by mounting hopes for new fiscal stimulus from lawmakers. The yield on the 10- year Treasury note settled at 0.760%, according to Tradeweb, up from 0.694% Friday and its highest close since June 9. The 30- year Treasury bond yield climbed to 1.565%, up from 1.48% Friday. Yields rise when bond prices fall.

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