European government bonds slumped after Federal Reserve Chairman Ben S. Bernanke said yesterday U.S. policy makers could end asset purchases in mid-2014, sparking a global selloff in fixed-income securities.
Treasuries fell for a fourth day, pushing the 10-year yield to a 15-month high, before U.S. employment reports today which follow comments from Federal Reserve Chairman Ben S. Bernanke that policy makers could end bond purchases in mid-2014.
Oi SA is in jeopardy of falling short on a pledge to deliver 2 billion reais ($920 million) in dividends this year, a payout that was forecast to make it the highest-yielding phone company in the world.
A Supreme Court ruling this week confirmed federal supremacy over U.S. voter-registration procedures, yet it didn’t challenge the power of states to set the basic qualifications for being able to vote. Justice Antonin Scalia’s majority opinion in Arizona v. Inter Tribal Council of Arizona was as much a reaffirmation of state prerogatives over access to the ballot box as it was of federal power to determine the procedures.
Germany’s government bonds rose for the first time in three days as investors weighed what Federal Reserve Chairman Ben S. Bernanke will say about the central bank’s asset-purchase program at a press conference today.
Germany’s bonds dropped for a second day as investors weighed what Federal Reserve Chairman Ben S. Bernanke will say about the central bank’s asset-purchase program when he holds a press conference tomorrow.
The Portuguese government reduced potential losses on derivatives contracts by approximately 1.5 billion euros ($2 billion) after reaching settlements with several banks, a finance ministry official said.