16/32 In Price To Yield

World stocks and oil prices fell on Thursday on concerns about the health of Spain's banks and the prospect of Greece leaving the euro zone. Adding to pressure on Wall Street stocks was a U.S. government report showing manufacturing in the mid-Atlantic states unexpectedly contracted in May. The data helped lift safe-haven U.S. Treasuries prices, and pushed the 10-year note yield to just 5 basis points from its lowest level in at least 50 years, while gold prices rallied 2.6 percent. Worries about Spanish banks resurfaced after a media report said customers of Bankia (BKIA.MC) had withdrawn more than 1 billion euros from their accounts in the past week. The Spanish government said there had been no such exit of deposits. Shares of the partly nationalized Bankia fell 13.5 percent but ...

(Reuters) - Global equity markets gained, pushing U.S. stocks to fresh four-year highs, and crude oil rebounded on Monday after better-than-expected U.S. manufacturing news boosted investor sentiment, which had soured a bit on a spate of weak European factory data. Stocks on Wall Street opened slightly lower but the three major U.S. stock indexes advanced broadly following data from the Institute for Supply Management that showed the pace of growth in the U.S. manufacturing sector picked up a tad in March. Energy and basic materials stocks led an equity rally that pushed the broad-based S&P 500 to highs last seen in May 2008, while the Dow notched highs last seen in December 2007. The Institute for Supply Management said its index of U.S. factory activity rose to 53.4 in March from 52.4 ...

World stocks markets advanced on Friday, on track to post double-digit gains for the quarter, as reports showing U.S. consumer spending and sentiment on the rise helped buoy stock prices and undercut the desire to hold bonds. Equity, currency and government debt prices initially hovered fairly close to break-even as investors saw some weakness in the U.S. economic data, while developments in Europe kept asset prices at recent range-bound levels. While the pace of business activity in the Midwest slowed more than expected in March as employment and new orders dropped from elevated levels, U.S. consumer confidence rebounded to its highest in more than a year this month and consumer spending increased by the most in seven months in February. The data, despite some conflicting signs, kept ...

(Reuters) - U.S. 30-year Treasury bonds traded a point lower in price on Tuesday after a long-awaited bailout deal for Greece dented appetite for safe-haven assets and investors moved to cheapen debt ahead of Treasury note auctions this week. Thirty-year bonds were trading a point lower in price to yield 3.21 percent, up from 3.15 percent late Friday, while benchmark 10-year notes were 16/32 lower to yield 2.07 percent from 2 percent. (Reporting by Chris Reese; Editing by Chizu Nomiyama)

(Reuters) - U.S. government debt prices jumped on Friday as demand for steeper fiscal cuts from Greece's creditors rekindled fears the nation might not clinch needed aid to avoid a messy default, spurring a flight to safe-haven bonds. The pre-weekend scramble for Treasuries reversed the previous day's decline on optimism that Greece would soon receive a second bailout. That expectation pushed the 30-year bond yield to its highest levels since late October. "It's all about Greek headlines now. Markets are facing another face-off and generally speaking, investors don't like being short Treasuries when these things are going on," said David Keeble, global head of interest rates strategy at Credit Agricole Corporate & Investment Bank in New York. In the latest development on the Greek ...

(Reuters) - The euro hit an eight-week high against the dollar on Tuesday, helping lift stocks and commodities on signs a Greek bailout agreement was near, but the rally paused after a key meeting on Greece was postponed by a day. The euro rallied after Greece appeared to be close to terms on a 130-billion-euro bailout. A government official said Athens was drafting a list of painful reforms to clinch a new financial package, moving it a step closer to a deal that is needed to avoid a chaotic debt default. But a meeting of Greek political leaders was postponed until Wednesday because a draft of the bailout's terms was still not available, a party official said. The euro at one point jumped more than 1 percent to a session high of $1.3270, hitting its highest level since December 12. ...

(Reuters) - The euro declined to a 16-month low against the dollar and global stocks edged lower on Wednesday after Fitch Ratings warned of serious risks if Europe did not act more aggressively to contain its debt crisis. The stark reminder of Europe's debt troubles drove down oil prices, while investors piled into safer assets including gold and bonds. The euro slumped to a 16-month low of $1.2661, according to Reuters data, after Fitch's head of sovereign ratings said the European Central Bank needs to ramp up its buying of euro zone debt to support Italy and prevent a "cataclysmic" collapse of the currency. "There is a lot of event risk, and that has investors wary of holding euros, keeping it biased lower," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in ...

(Reuters) - The euro gained on Friday on hopes that the European Central Bank could get involved in a plan to help struggling euro zone countries but world stocks fell as many investors continued to fear the spreading of the region's debt crisis into core European economies. U.S. stocks traded slightly higher early in the morning on reports that the ECB is considering lending to the International Monetary Fund to bail out troubled euro zone economies. U.S. Treasury prices fell as expectations of greater ECB involvement in seeking a solution to the crisis reduced their safe-haven appeal. "The ECB would have to be involved in any potential solution (for the crisis) for it to be credible, so I would expect that to give the euro a bit of a lift," said Tom Levinson, a foreign exchange ...

(Reuters) - U.S. Treasuries extended price losses after a $16 billion auction of 30-year debt saw weak demand, as volatility stemming from Europe caused dramatic price swings and scared away some investors. The Treasury sold $16 billion in 30-year bonds at a high yield of 3.20 percent, or around 5 basis points higher than where the debt traded ahead of the auction. "Dealers shied away a little bit on how aggressive their bids were," said Justin Lederer, interest rate strategist at Cantor Fitzgerald in New York. The long bonds were last down in 2-16/32 in price to yield 3.15 percent, from around 3.11 percent before the sale. Benchmark 10-year Treasury notes fell 27/32 in price to yield 2.09 percent, compared with 2.07 percent before the sale. Uncertainty over whether euro zone leaders ...