• Friday, July 1, 2016 - 14:15 US Credit Mkt:Tsys End Mixed:10Y Record Yld Low;10Y RP On Fire 0


    By Sheila Mullan

    NEW YORK (MNI) - Prices of U.S. Treasuries traded flatter Friday, with the long end outperforming, after Treasuries prices rallied overnight, sending yields plunging to record lows.

    The Treasuries rally overnight sent the 10-year note yield to a record low yield of 1.385%, eclipsing the 2012 all-time low yield of 1.389%. The Japanese 10-year government note yield also hit a record-low yield of -0.258% overnight.

    However the Treasuries market saw some profit-taking in New York after the overnight rally. The market began New York sharply higher and flatter after a Friday rebuttal occurred of Thursday reports that the ECB could abandon the capital key in its PSPP bond-buying program, i.e., that it could...

  • Friday, July 1, 2016 - 14:14 US Credit Mkt:Tsys End Mixed:10Y Record Yld Low;10Y RP On Fire 0


    By Sheila Mullan

    NEW YORK (MNI) - Prices of U.S. Treasuries traded flatter Friday, with the long end outperforming, after Treasuries prices rallied overnight, sending yields plunging to record lows.

    The Treasuries rally overnight sent the 10-year note yield to a record low yield of 1.385%, eclipsing the 2012 all-time low yield of 1.389%. The Japanese 10-year government note yield also hit a record-low yield of -0.258% overnight.

    However the Treasuries market saw some profit-taking in New York after the overnight rally. The market began New York sharply higher and flatter after a Friday rebuttal occurred of Thursday reports that the ECB could abandon the capital key in its PSPP bond-buying program, i.e., that it could...

  • Friday, July 1, 2016 - 13:39 ECB Weidmann: Doesn't Expect Brexit Vote To Unravel EU - Press 0


    By Johanna Treeck

    MUNICH (MNI) - European Central Bank Governing Council member Jens Weidmann, in an interview released Friday, said he does not expect Britain's decision to leave the European Union to inspire other member states.

    "I cannot imagine that the negative consequences that the exit will have for the United Kingdom to create appetite" for others to leave, Weidmann told Germany's weekly magazine Focus.

    At the same time, the President of the German Bundesbank said he would not support the idea of a referendum on EU membership in his country.

    "In Germany we have decided for good reasons for a representative democracy," he said.

  • Friday, July 1, 2016 - 12:48 France Sapin: Need Brexit Decision Quickly to Lift Uncertainty 0


    By Jack Duffy

    AIX-EN-PROVENCE, FRANCE (MNI) - French Finance Minister Michel Sapin called again on Friday for Britain to implement its decision to leave the European Union as quickly as possible to lift the uncertainty weighing on Europe.

    "The most damaging consequence of Brexit is the lack of visibility," Sapin told journalists at a meeting of economists and financial officials here. "So the first thing we need to do is to lift the uncertainty," he said.

    Sapin reiterated the warning issued by many European officials since the British vote that there would be talks on the conditions of separation until Article 50 of the Lisbon Treaty was triggered.

    "There will not be any negotiations until the decision is...

  • Friday, July 1, 2016 - 12:35 Amid June Mfg Gain,US ISM Purchasers Brexit Fears 'Negligible' 0


    --June Manufacturing ISM Above Expectations At 53.2
    --Fourth Month Above Break-Even 50 Mark

    WASHINGTON (MNI) - U.S.

  • Friday, July 1, 2016 - 12:00 ECB Weidmann: No Need For More Easing In Reaction To Brexit 0


    By Johanna Treeck

    MUNICH (MNI) - European Central Bank Governing Council member Jens Weidmann said Friday that he does not see the need for further easing of monetary policy in reaction to Britain's decision to leave the European Union.

    Speaking at an economics club in Munich, the Bundesbank President nevertheless cautioned that financial markets and the real economy will not escape unscathed from the decision he personally considers a mistake.

    "I do not see the need for additional monetary easing in the euro area in reaction to the Brexit vote," Weidmann said.