Indonesia sold $4.3 billion of bonds, including one it won't pay off for 50 years, in the latest sign that investors are regaining their appetite for risk. Just last month, investors were selling assets of all stripes so aggressively that some markets seized up under the stress. Treasurys were dumped in an attempt to raise cash.
Yields are going to be "lower for a lot longer," says BofA's Zhang. Even as the COVID-19 pandemic shows signs of slowing down in the U.S. and Europe, one analyst says the tentative optimism driving the stock-market bounce and the rise in yields for government paper is unlikely to last. Carol Zhang, a rates analyst at Bank of America Global Research, says investors have assumed as long as the pandemic was brought under control, the economic damage could be reversed swiftly.
Indonesia sold $4.3 billion of bonds, including one it won't pay off for 50 years, in the latest sign that investors are regaining their appetite for risk. Just last month, investors were selling assets of all stripes so aggressively that some markets seized up under the stress. Treasurys were dumped in an attempt to raise cash.
U.S. Treasury yields climbed on
Tuesday as the bond market mulled a looming supply deluge and
Wall Street surged on hopes the coronovirus outbreak may slow
down.
The yield on the benchmark U.S.
* Eurogroup tipped to agree joint debt issuance on Tuesday. * German bond yields rise 7-10 bps across the curve. * Risk assets rally as COVID-19 death toll increase slows. * Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr. By Abhinav Ramnarayan.
The Canadian dollar
strengthened to an 11-day high against its U.S. counterpart on
Tuesday as investors welcomed a potential slowdown in the spread
of the coronavirus pandemic and hopes rose that the ...
By Rory Jones in Dubai and Avantika Chilkoti in London. Qatar began marketing U.S. dollar-denominated bonds on Tuesday, the first Persian Gulf state to tap the debt markets since the twin headwinds of a coronavirus pandemic and collapse in oil prices tightened budgets across the region. The Qatari sale, expected to raise billions of dollars, is likely to act as a litmus test for demand among investors for further bonds from Saudi Arabia and other oil-exporting Gulf states.
Indonesia sold $4.3 billion of bonds, including one it won't pay off for 50 years, in the latest sign that investors are regaining their appetite for risk. Just last month, investors were selling assets of all stripes so aggressively that some markets seized up under the stress. Treasurys were dumped in an attempt to raise cash.
By Julia-Ambra Verlaine and Tristan Wyatt. The Federal Reserve has calmed crucial parts of the markets, but other portions of the financial system remain stressed. The central bank announced aggressive measures over the past month, pledging to buy assets from Treasurys to corporate-bond funds to municipal debt.
Treasury Department to sell $25 billion 10- year notes Tuesday. Treasury yields extended their rise on Tuesday as the bond-market sold off in the wake of signs the spread of the COVID-19 pandemic may be slowing in Europe and Asia in particular, encouraging investors back into equity markets this week at the expense of haven assets. The 10- year Treasury note yield climbed 6.9 basis points to 0.747%, while the 2- year note rate was up 2.2 basis points to 0.290%.
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