Not exact matches
On Wednesday afternoon, the benchmark U.S. 10 - year
bond was
yielding 2.35 per cent, up 15 basis
points from before the Fed statement and up sharply from about 1.6 per cent at the beginning of May.
The
bonds of iHeartMedia have long been in the basket of «distressed debt,» meaning their prices have fallen so far to where their
yields are at least 10 percentage
points higher than equivalent Treasury
yields.
Since the
bond market's «flash crash» back in October — when US 10 - year Treasury
yields fell 34 basis
points, or 0.34 % in one morning — concerns regarding liquidity and how resilient the
bond market might be to shocks have lingered around the market.
In the
bond market, the 10 - year US Treasury
yield fell less than 1 basis
point, to 2.79 %, near the key 3 % level that traders are closely watching.
The current deadlock has raised pressure on Greek
bonds on Thursday morning, sending the 10 - year
bond yields up by 5 basis
point.
Powell's comment was
pointed to by
bond market strategists as a reason for a sudden pop in
bond yields.
Last year, when the Fed hinted that it was going to stop buying
bonds, tapering its quantitative easing,
bond yields jumped nearly 2 %
points in just a few days.
The longest - term portion of the offering, $ 8 billion of
bonds maturing in 30 years, sold originally at 99.4 cents on the dollar to
yield 1.95 percentage
point more than comparable Treasuries.
«That we're at a
point that we can start to sustain some rises in
bond yields speaks to confidence in the economy.
While Fink is right to
point out that low interest rates are putting a large burden on those of us trying to save retirement, he does not address the fact that central banks aren't primarily responsible for the fact that
bonds of all types are
yielding less today than we're used to.
At some
point, investors who are conflating high -
yielding consumer staples stocks with
bonds or who are taking interest rate risk in long - dated Treasurys will see drawdowns as well.
Poland's 10 - year government
bond yield rose 7 basis
points to 3.14 percent, its highest level in four weeks, rising more than U.S. and German
yields which it often tracks.
April 26 - U.S. stock index futures
pointed to a strong open for the tech - heavy Nasdaq on Thursday as a slew of upbeat earnings from Facebook and Qualcomm helped set aside worries over rising U.S.
bond yields and corporate costs.
The company's lone outstanding junk
bond, worth $ 1.8 billion and maturing in 2025, briefly dropped two
points to as low as 85 cents on the dollar for a
yield of around 8 percent on Monday, according to MarketAxess data.
The
yield gap between U.S. 5 - year notes and 30 - year
bonds narrowed to 27.20 basis
points, the tightest spread in more than six years.
Banks rose along with the
bond yields, as the S&P / TSX composite index advanced 84.57
points to 15,524.01, helped in part by the influential financials sector.
Ten - year Italian
bond yields have risen 17 basis
points to 4.55 percent, since the news of an uncertain outcome spread on Monday but the Italian treasury is going ahead with a sale of 6.5 billion euros ($ 8.5 billion) of 5 and 10 - year
bonds on Wednesday.
Italian 10 - year
bond yields fell 2.5 basis
points (bps) to 1.754 percent while other euro zone
yields were pushed higher by a sell - off in U.S. Treasuries and data suggesting the euro zone economy was not as weak as expected.
Bonds due in 2018 and won by BofA were «aggressively» priced with a 1.64 percent
yield that narrowed Illinois» spread over Municipal Market Data's benchmark triple - A
yield curve to 70 basis
points from 100 basis
points ahead of the sale, Greg Saulnier, a MMD analyst, said.
BofA won
bonds due in 2029 with a
yield of 3.78 percent, which slightly increased the spread over the scale to 165 basis
points from 163 basis
points, according to MMD, a unit of Thomson Reuters.
If at this
point we found that using an interest rate of 6.8 % in our calculations did not
yield the exact
bond price, we would have to continue our trials and test interest rates increasing in 0.01 % increments.
The benchmark 10 - year Treasury note
yield TMUBMUSD10Y, -0.75 % fell 2 basis
points to 2.814 %, while the 30 - year
bond yield TMUBMUSD30Y, -0.77 % slipped 3.3 basis
points to 2.998 %, its third straight decline.
Rates for home loans eased up slightly as investors bought more
bonds, sending
yields down a few basis
points.
The 10 - year German government
bond yield TMBMKDE - 10Y, -8.48 % fell 1.4 basis
points to 0.509 %, according to Tradeweb data.
Yields on U.S. 30 - year
bonds, which are more sensitive than shorter maturities to the outlook for inflation, have jumped almost 40 basis
points since last Friday and a $ 15 billion auction of the tenor on Thursday showed waning appetite for the securities.
The article makes the
point that unlike most ETFs, high
yield bond ETFs often trade at prices far from their fair value.
Because most wealthy Chinese seem to think about RMB in terms of USD or Hong Kong dollars, it is the fear that any depreciation of the RMB against those two currencies (the Hong Kong dollar is pegged to the USD through a modified currency board) greater than the couple of percentage
points interest rate differential would
yield less than equivalent USD or Hong Kong dollar
bonds.
In other words, equity dividends are higher by a third of a percentage
points than quality
bond yields, and that's before the dividend tax credit and before any capital gains.
Desai said that high -
yield bonds also mean high risk, and
pointed to the volatility of high -
yield energy
bonds, especially in the past year.
As long - term investments, many factors that roil the stock or even broader
bond markets don't affect high
yield, the panelists
pointed out.
China's one - year sovereign
bond yield has climbed 14 basis
points since the devaluation, while the cost to insure the nation's debt against default jumped to a two - year high.
An interesting starting
point is the VanEck Vectors Fallen Angel High
Yield Bond ETF (ANGL).
The
yield on the current 30 - year
bond fell less than one basis
point to 3.37 percent.
The spread between Australian and US
bond yields has contracted from nearly 450 basis
points at the beginning of the 1990s to an average of about 25 basis
points more recently.
But this week the 10 - year Treasury lost roughly 1.4
points, which translated into a 15 basis
point jump in its
yield to 2.84 % The long
bond closed over 3 %.
We have found that stocks and
bond yields historically have been positively correlated until the 10 - year
yield gets up around 5 %, at which
point the correlations break down.
The average market impact cost was 29 basis
points (39 basis
points) per $ 1 million traded for investment - grade (high -
yield) corporate
bonds.
U.S. stocks plunged on Tuesday, with the Dow Jones Industrial Average sinking more than 400
points as rising government
bond yields drove investors into risk - off mode...
The BofA Merrill Lynch high -
yield index is trading at roughly 600 basis
points versus government
bonds, but if energy, metals and mining is excluded, it's about 80 basis
points less in terms of spread.
The 30 - year
bond yield TMUBMUSD30Y, -0.86 % added 3.3 basis
points to 3.138 %, the highest since March 9.
On 15 October, the
yield on 10 - year US Treasury
bonds fell almost 37 basis
points (Graph 2, left - hand panel), more than the drop on 15 September 2008 when Lehman Brothers filed for bankruptcy.
China's benchmark 10 - year government
bond yield traded just shy of 4 percent in early December, up almost 100 basis
points over the course of 2017.
On average, high - quality corporate
bonds currently have
yields that are at least one percentage
point higher than Treasury
bonds.
The
yield on the 2 - year
bond fell 313 basis
points to 21.2 percent at 3:22 p.m. in Athens.
Toronto - Dominion Bank has lifted its posted rate for five - year fixed mortgages by 45 basis
points to 5.59 percent as government
bond yields touched their highest levels since 2011 this week.
At this
point, it's human nature to say — as I've often heard from clients over the last 39 years, whenever short rates rise above long rates — why buy a 20 - year
bond when I get a higher
yield on a 2 - year piece of paper?
We believe gradual monetary policy normalization and sustained global economic expansion
point to moderately higher global
bond yields.
It is therefore not yet clear (although clarity could develop in the coming weeks) that we are at a tipping
point from which we will see
bond yields march dramatically higher.
The
yield on Portugal's 10 - year
bonds climbed 16 basis
points to 3.93 percent.
In recent months, the
yield on US corporate
bonds, especially investment - grade securities, is a little more than 100 basis
points compared to the
yield on government debt, dropping within striking distance of the lows seen post the 2008 financial crisis.