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Updated 10 minutes ago
The yen fell to a three-year low against the euro after Bank of Japan policy makers affirmed a plan to double the monetary base over two years and their statement made no reference to rising bond yields.
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Updated 6 minutes ago
The Bank of Japan pledged to adjust its unprecedented stimulus program as needed after a jump in bond yields that highlighted risks linked to policy makers’ campaign to revive the world’s third-largest economy.
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Commodity Futures Trading Commission investigators are poring over 1 million e-mails and instant messages as part of their price-manipulation probe of a swaps benchmark that helps determine interest rates on everything from annuities to bonds linked to skyscrapers.
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Credit downgrades, recession and President Francois Hollande’s gaping budget shortfall have done little to prevent French bonds from outshining gold.
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Sales of corporate bonds in the U.S. are surging toward the busiest May ever as borrowers race to the market before demand dries up with Bill Gross and Warren Buffett cautioning against buying debt at all-time low yields.
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Vietnam’s five-year bond yield fell to the lowest level since 2007 on speculation low funding costs are spurring demand for government securities. The dong dropped.
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Allan W. Rogers, who headed U.S. Treasury trading at Bankers Trust Corp. from 1977 to 1989, a period when the 10-year note’s yield went from 8 percent to almost 16 percent and back, retired from CRT Capital Group LLC.
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The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market, raising concern that investors are lowering their standards as they seek to take advantage of the region’s relatively high yields.
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Foreigners were net purchasers of Canadian securities in March led by federal government bonds, the country’s statistics agency reported.
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BlackRock Inc. and Western Asset Management Co. are offering a new twist on traditional money- market funds as regulators are set to impose sweeping changes on the $2.58 trillion industry.