Reduced Brexit fears drive Oughout S: Unterschied zwischen den Versionen

Version vom 23. Juni 2016, 07:53 Uhr

Simply by Richard Leong
NEW YOU ARE ABLE TO, June 20 (Reuters) : U. S. Treasury yields rose on Monday along with longer-dated yields hitting their own highest level in more than week, as investors trimmed safe-haven holdings of government debt due to polls showing increased assistance for Britain to stay in the particular European Union.
The change in polls to favoring "Bremain" over "Brexit" comes after last week's murder of parliament member Jo Cox, who was simply a proponent for the U. E.
to remain part of the economic bloc.



Oughout. S. policymakers including Federal Reserve Chair Janet Yellen have stated that the risk of Brexit, and its potential impact on the global economy, was obviously a element in the Fed's decision to leave interest prices unchanged last week.
"The shift in the polls has been the primary news. Bonds were sold across the panel, but yields are still at relatively low levels, " said Andrew Richman, fixed income strategist at SunTrust Private Wealth Management within West Palm Beach, Fl.
Britons will cast their own vote on whether their own country should remain in the EU on Thursday.

Standard 10-year Treasury yields rose over 5 basis points from late Friday to 1. 671 percent after reaching 1. 680 percent earlier on Monday.
The particular yield on 30-year provides was last 2. 473 percent, up 4 foundation points on the time.
Last week, the 10-year yield slid to the lowest level since August 2012 on Brexit concerns, the Bank of Japan's decision to refrain from embarking on more stimulus for the moment, and Fed officials' lowering their own outlook on the speed of rate increases.
Top Fed officials scaled back again their view on price hikes following a poor May jobs report and continual weakness within the manufacturing field.

Meanwhile, investors awaited Yellen's two-day testimony before Congress, which starts on Tuesday, where she might offer clues around the timing of the central bank's following rate increase.
Interest rates futures implied traders saw a 46 percent chance that will the Fed would raise rates by the end of 2016, down through 66 percent a 30 days earlier, according to CME Group's FedWatch program.
While the Brexit referendum and Yellen's testimony are the week's main market events, traders will even contend with Treasury supply.

The Treasury Section sold $26 billion of two-year notes to reasonable demand as direct buyers purchased the fewest two-year issue since January 2015.
Treasury will sell $34 billion in five-year notes on Tuesday and $28 billion in seven-year information on Wednesday. It will certainly auction $13 billion within two-year floating-rate notes plus $5 billion of 30-year Treasury inflation-protected securities upon Wednesday. (Editing by Jeffrey bokep asia Benkoe and Leslie Adler)