TREASURIES-Bond dip on firmer stocks, credit markets

(Reuters) - NEW YORK, July 31 - U.S. Treasuries eased on
Tuesday as stocks rose for a second day and credit markets
rallied on waning fears over tighter access to funding.




Government bonds were little moved by mixed economic data
that painted a picture of benign inflationary pressures and
slower economic growth, but surprisingly upbeat consumer
sentiment. For details, see [ID:nN30403317], [ID:nN30443227]


Read more at Reuters.com Bonds News

Emerging Market Bonds Decline as Investor Aversion to Riskier Assets Rises

(Bloomberg) -- Emerging-market bonds declined,
reversing earlier gains, as investors resumed selling riskier,
higher-yielding assets on mounting concern about losses related
to subprime mortgages.

The extra yield over U.S. Treasuries that investors demand
to hold the developing nation debt has soared to the highest in
more than a year. Argentine debt, among the riskiest in emerging
markets, has posted the biggest declines.


Read more at Bloomberg Emerging Markets News

GLOBAL MARKETS-U.S. stocks slip in volatile trade

(Reuters) - NEW YORK, July 27 - U.S. stocks slipped in
volatile trade on Friday as skittish investors weighed the
prospects of a global credit crunch against signs of a
resurgence of U.S. economic growth.




U.S. Treasuries were up, after earlier declines, following
surprisingly strong growth data that eased some of the worst
fears of an economic slump following a day of sharp equity
losses. The dollar rose on news of the U.S. economic data.


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Emerging-Market Bonds Fall to 9-Month Low as Investors Shun Riskier Assets

(Bloomberg) -- Emerging-market bonds slid, pushing
yields over U.S. Treasuries to the widest since October, as
investors reduced their holdings of riskier securities.

Developing nation debt has declined for five days as
growing losses in so-called collateralized debt obligations
backed by subprime mortgages triggers risk aversion. Argentine
and Venezuelan bonds, among the riskiest in emerging markets,
led losses.


Read more at Bloomberg Emerging Markets News

Treasuries Rise, Pushing 10-Year Yield to Lowest in Month, on Subprime

(Bloomberg) -- U.S. Treasuries rose after Moody's
Investors Service cut the ratings on $5.2 billion of bonds
backed by subprime mortgages, spurring demand for the safest
assets.

Benchmark 10-year bonds gained for a third day, pushing
yields to the lowest in more than a month. German bunds also
advanced and Japanese government debt rallied the most in 10
months on speculation a deepening U.S. housing slump will slow
the world's biggest economy. Stocks fell in the U.S., Europe and
Asia, and the risk of owning European corporate bonds soared.


Read more at Bloomberg Bonds News

TREASURIES-Bonds fall in holiday-thinned trade

(Reuters) - NEW YORK, July 3 - U.S. Treasuries fell in
holiday-thinned trade on Tuesday as firm equities and
surprisingly strong factory orders offset weak data on housing
and any lingering safe-haven bid on global security concerns.




Bonds briefly trimmed their losses after a report showed
pending sales of existing U.S. homes in May unexpectedly fell
to their lowest level in more than 5-1/2 years. For details,
see [ID:nN0385388].


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UPDATE 1-Community Health sells $3.021 bln notes

(Reuters) - The 8.875 percent notes were priced at 99.294 to yield 3.95
percentage points over U.S. Treasuries.




The sale was decreased from an initially planned $3.365
billion three-part sale and had been set to include an
eight-year floating-rate note issue and a 10-year senior note
issue.


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Emerging-Market Bonds Little Changed, at Seven-Week High For Risk Premium

(Bloomberg) -- Emerging-market bonds were little
changed, with yields over U.S. Treasuries holding at a seven-
week high, as concerns about losses linked to subprime mortgages
limit demand for riskier assets.

The average spread, or extra yield, over U.S. Treasuries on
emerging-market bonds was 1.66 percentage points, the highest
since May 7, according JPMorgan Chase & Co.'s EMBI Plus index.
The spread increased 7 basis points, or 0.07 percentage point,
yesterday, the most since April 30.


Read more at Bloomberg Emerging Markets News

Asian Currencies Drop as Yield Advantage Narrows; Taiwan Dollar Advances

(Bloomberg) -- Southeast Asian currencies, including
the Indonesian rupiah and the Philippine peso, dropped because
investors cut holdings of emerging-market assets as U.S. bonds
extended declines.

The rupiah and the peso had their biggest slide in a week as
rising Treasury yields narrowed the premium investors receive for
holding emerging-market debt. Fund managers get 3.62 percentage
points more by keeping Indonesian 10-year bonds instead of
similar-maturity U.S. Treasuries, down from 3.85 percentage
points at the beginning of June.


Read more at Bloomberg Currencies News

Japanese Government Bonds May Rise on Speculation U.S. Expansion to Slow

(Bloomberg) -- Japan's government bonds may advance
on speculation a housing slump will slow economic growth in the
U.S., the nation's largest export market.

U.S. Treasuries, which often lead price movements in Japan's
bonds, completed a three-day gain yesterday after a government
report showed home starts in the U.S. fell for the first time in
four months in May. Japan's 10-year yields have declined since
reaching their highest in almost a year on June 13, tracking a
drop in U.S. yields over the same period.


Read more at Bloomberg Bonds News

U.S. Treasuries Head for Sixth Weekly Decline Before Consumer Price Report

(Bloomberg) -- U.S. Treasuries headed for a sixth
weekly decline as a government report today will probably show
inflation quickened last month.

Regular 10-year notes yielded about 2.47 percentage points
more than 10-year Treasury Inflation Protected Securities, near
the widest since April, a sign of increasing demand for notes
that hedge against rising prices. A Labor Department report may
show the consumer price index rose 0.6 percent in May, from 0.4
percent in April, according to a Bloomberg News survey.


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Mexico stocks edge up as U.S. bond yields retreat

(Reuters) - The peso currency weakened down 0.22 percent
at 10.957 per dollar, paring sharper losses overnight when the
currency fell as far as to 11.06 pesos to the dollar.




Yields on U.S. Treasuries retreated after surging in recent
sessions. Lower yields in the United States make emerging
market assets like Mexican stocks and bonds relatively more
attractive.


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Rand steady after sharp fall overnight

(Reuters) - South Africa's rand opened steady on Wednesday after a sharp fall overnight and government bonds weakened as high yields in U.S. Treasuries led investors away from emerging markets.

The rand shed 0.6 percent against the dollar after local markets closed, briefly touching the 7.30 mark in New York. It stood at 7.2735/dlr at 0640 GMT, 0.3 percent firmer than Tuesday's New York close of 7.2980.


Read more at Reuters Africa

Emerging Market Debt, Currencies Slump as Investors Turn More Risk Averse

(Bloomberg) -- Emerging market bonds and currencies
slumped as investors turned more risk averse on concern central
banks will raise interest rates to tame inflation.

Expectations of rising global borrowing costs are pushing
up yields on safer assets such as U.S. Treasuries, making
emerging-market bonds less attractive. An emerging market debt
index compiled by JPMorgan Chase & Co. fell to a four-month low.


Read more at Bloomberg Bonds News

Treasuries Extend Decline, Pushing 10-Year Yields to Highest Since July

(Bloomberg) -- U.S. Treasuries fell, pushing the 10-
year yield to the highest since July.

The yield on 10-year notes rose 2 basis points, or 0.02
percentage point, to 5.16 percent at 8:15 a.m. in Singapore,
according to bond broker Cantor Fitzgerald LP. The price of 4 1/2
percent notes maturing in May 2017 fell 4/32, or $1.25 per $1,000
face amount, to 94 30/32. Yields move inversely to bond prices.


Read more at Bloomberg Bonds News

Argentina May Pay Above 12 Percent for First Post-Default Fixed-Rate Bond

(Bloomberg) -- Argentina will likely pay more than
12 percent per year for its first issue of a fixed-rate peso
bond as yields on U.S. Treasuries exceeded 5 percent for the
first time since August.

The government seeks to sell as much as 1.5 billion pesos
($488 million) in the first such sale since defaulting on $95
billion of debt six years ago. The government will accept bids
on the 5-year bonds with a coupon of 10.5 percent, until 1 p.m.
New York time today.


Read more at Bloomberg Bonds News

U.S. Treasuries Decline as Traders Reduce Bets on Fed Interest-Rate Cut

(Bloomberg) -- U.S. Treasuries fell before a private
sector survey today that's forecast to show U.S. services last
month expanded at close to the fastest pace since January.

Benchmark 10-year yields are close to a nine-month high as
signs economic growth is quickening prompts investors to reduce
bets the Federal Reserve will cut interest rates this year. Ten-
year notes had the biggest one-day drop in almost two months on
June 1 when a report showed the U.S. economy added more jobs than
forecast by economists.


Read more at Bloomberg Bonds News

U.S. Treasuries May Fall as Traders Reduce Bets on Fed Interest-Rate Cut

(Bloomberg) -- U.S. Treasuries may drop, pushing
yields to near the highest since August, as investors reduce
bets the Federal Reserve will cut interest rates this year.

Traders have lowered the odds of a quarter-percentage-point
cut in the Fed's benchmark lending rate by year-end to 28
percent from 31 percent a week ago, helping push bond yields
higher. Merrill Lynch & Co. yesterday said it expects the Fed to
keep rates on hold for the rest of the year, dropping its
earlier forecast of three rate reductions.


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UPDATE 1-Countrywide sells $2.5 bln of five-year notes

(Reuters) - The sale included $2 billion of 5.80 percent five-year
fixed-rate notes, due June 7, 2012, priced at 99.807 to yield
0.94 percentage point more than U.S. Treasuries.




The second tranche was $500 million of five-year
floating-rate notes, due May 7, 2012, with a coupon rate of
0.44 percentage point more than the three-month London
interbank offered rate.


Read more at Reuters.com Bonds News

Japanese Government Bonds Decline After U.S. Labor Report Shows Growth

(Bloomberg) -- Japanese bonds dropped, sending 10-year
yields to the highest since October, on speculation the U.S.
economy will rebound after a government report showed hiring
accelerated more than economists estimated.

Debt in Japan followed a slump in U.S. Treasuries that pushed
10-year yields to the highest level in more than nine months on
June 1. Signs of a recovery in Japan's biggest export market may
deter investors from buying bonds before a 10-year debt auction in
Tokyo tomorrow.


Read more at Bloomberg Bonds News