FlowBank

965 days ago

Leaving LIBOR behind for SORA

The global reform of benchmark money-market was sparked by evidence emerging in 2008 that European and U.S. lenders had manipulated rates to benefit their own portfolios. Going forward, Singapore dollar-based interest rate derivatives are expected to be predominantly SORA-linked. Since August last year, the Monetary Authority of Singapore has been issuing floating-rate notes that are linked to the new benchmark. The outstanding amount of the securities has soared 20-fold to S$9.9 billion in the past year. Source: Bloomberg

#Bonds

972 days ago

10-year rates double bottom ?

The classic chart pattern could be forming in the Treasury market - a confirmation is only when the neckline is broken.

#Bonds #Technical Analysis
10-year rates double bottom ?

976 days ago

Jump in volume of negative yielding bonds has helped equity valuations

The volume of negative-yielding bonds has jumped by $3.4tn within a month to $16.3tn, largely to the benefit of risk assets. Equity markets – at least in the US – trading on multiples never sustained outside of the 1990s tech bubble.

#Bonds
Jump in volume of negative yielding bonds has helped equity valuations

976 days ago

Japan's GPIF slashed Treasury holdings by most on record last year

Japan’s Government Pension Investment Fund made a record cut to the weighting of Treasuries in its portfolio last fiscal year as the world’s safest asset led a global debt selloff.

#Bonds
Japan's GPIF slashed Treasury holdings by most on record last year

982 days ago

Record-low for 10-year US Treasury yields

Real yields on 10-year Treasuries fell to a record low as investors are concerned with the slowdown of the economic recovery. The real rate, the nominal one stiped of the impact of inflation over the next decade, fell 6 basis points to a negative 1.13%. Source: Bloomberg, Yahoo Finance

#Bonds
Record-low for 10-year US Treasury yields
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