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Bond

Better than expected economic data supports returns and hints at further US interest rate hikes

by Chief editor of world-today-news.com May 19, 2023

written by Chief editor of world-today-news.com

NEW YORK Better than expected economic data weighed on fixed income. The number of initial applications for unemployment benefits fell more sharply than expected in the past week. In addition, the leading indicator for the Philadelphia region brightened more in May than forecast. The data tends to point to further interest rate hikes by the US Federal Reserve. This supports returns.

Speculation that the US Federal Reserve will have to raise interest rates again as inflation remains high also weighed on performance. Traders increased bets on a rate hike in June to about 40 percent after Dallas Federal Reserve Chair Lorie Logan said the case for a pause in rate hikes next month was ambiguous.

Otherwise, the dispute over raising the debt ceiling continues to dominate market activity. Most recently, statements by President Joe Biden and House Speaker Kevin McCarthy fueled hope for a solution. This supported the stock exchanges and reduced demand for government securities. Without an agreement between Republicans and Democrats, the consequences for the US and the global economy are serious.

2023-05-18 22:40:04
#Bonds #Prices #continue #fall #Robust #data #weighs

May 19, 2023 0 comments

Business

Today’s Thai Bond Market Conditions: Summary of Trading Volumes and Investment Flows.

by Chief editor of world-today-news.com May 2, 2023

written by Chief editor of world-today-news.com

The Thai Bond Market Association (ThaiBMA) summarizes today’s Thai bond market conditions. The total trading value for the day was 119,217 million baht. The top 2 trading volumes are 1. Asset management companies (AMC) net buy 54,130 million baht 2. Insurance companies buy net 1,587 million baht while foreign investors buy 13,806 million baht. Baht 5-year bond yield closed at 2.16%, unchanged from yesterday.

Today’s Market Overview

The yield curve was slightly changed from the previous day. with buying pressure from foreign investors in short-term instruments As for investment flows by foreign investors today, NET INFLOW was 13,806 million baht, resulting from NET BUY of 13,806 million baht and no debt securities held by foreign investors expired (Expired). The International Monetary Fund (IMF) expects gross domestic product (GDP) in the Asia-Pacific region to grow 4.6 percent this year, a 0.3 percentage point increase from its forecast in October last year. already Supported by economic growth in China and India, the IMF cut its forecast for Thailand’s economic growth this year to 3.4%, down 0.3% from its forecast in October. 2022. The Stock Exchange of Thailand (SET) has a NET BUY of foreign investors of 1,486 million baht. The market will follow the Federal Reserve (Fed) meeting on May 2-3.

Summary of Bond Trading Conditions

ตลาดตราสารหนี้ไทย              02-05-2023     %Change
มูลค่าการซื้อขาย              119,217.46 ลบ.
อัตราผลตอบแทนพันธบัตรรัฐบาล 3 เดือน   1.64 %     +0.03 %
อัตราผลตอบแทนพันธบัตรรัฐบาล 1 ปี      1.80 %      0.00 %
อัตราผลตอบแทนพันธบัตรรัฐบาล 5 ปี      2.16 %      0.00 %

มูลค่าการซื้อขายแบบ Outright (แยกตามประเภทตราสาร)
ประเภทตราสาร        ล้านบาท      %Change
ตั๋วเงินคลัง          4,778.96        +80 %
พันธบัตรรัฐบาล      12,209.72        -24 %
ตั๋วสัญญาใช้เงินรัฐบาล      0.00          n/a
พันธบัตร ธปท.      94,108.74       +257 %
พันธบัตรรัฐวิสาหกิจ    1,142.83       +130 %
หุ้นกู้เอกชน          3,959.14      -0.42 %
พันธบัตรต่างประเทศ       0.00          n/a

หมายเหตุ:n/a คือ หาค่าไม่ได้ เนื่องจากไม่มีมูลค่าการซื้อขายในวันก่อนหน้า

2023-05-02 10:54:50
#Bond #market #conditions #todays #total #trading

May 2, 2023 0 comments

Business

Gold reaches $2000 levels due to the banking sector crisis – reported by The Seventh Day

by Chief editor of world-today-news.com March 18, 2023

written by Chief editor of world-today-news.com

Islam Saeed Books

Sunday, March 19, 2023 12:00 AM

continue gold Obtaining support from the American banking crisis, and during the past few days banks are seeking to provide solutions to create liquidity for the affected banks, whether in the United States or to Credit Suisse in Switzerland, Despite this, the collapse continued in the shares of these banks, and cash continued to exit from regional banks in the United States to major banks, which supports the rise of gold to $2000 levels after prices recorded $1988 at the end of the week.

The transfer of cash liquidity outside regional banks and small banks doubled the demand for cash liquidity, which prompted them to sell the bonds they owned at losses due to the current high interest rates compared to the interest rate at the time of purchasing these bonds, and all this in order to fulfill the requests of bank customers is what increases Chances of more small and medium banks faltering during the coming period.

Credit Suisse, a bank in Sri Lanka, said it would borrow up to $54 billion from the Swiss central bank to support liquidity. While large US banks under the supervision of the authorities pumped deposits worth 30 billion dollars in the First Republic Bank on Thursday to save the bank, which is besieged in a widening banking crisis.

On the other hand, data was issued from the US Federal Bank stating that US banks obtained emergency liquidity in a record manner during the past days since the collapse of the Silicon Valley and Signature banks. Compared with the previous record by $112 billion in the second half of 2008 during the global financial crisis.

In addition to this, US banks withdrew $11.9 billion from the term bank lending program established by the US Federal Reserve, following the fall of the two banks at the end of last week.

Despite the emergency measures to support the banking sector, the negative impact continued. The S&P500, the most popular index of US stocks, fell yesterday by 1.1%, while the Dow Jones index fell yesterday by 1.2%.

The main Euro Stoxx 50 index of European stocks fell by 1.3% during yesterday’s session, before losing 3.9% on a weekly basis, after being severely affected by the Credit Suisse crisis.

As for the two-year US government bonds, they witnessed during the past week the largest decline for three days since the “Black Monday” incident in October 1987, as it recorded the lowest level since the beginning of September 2022 by 3.7466%, after a decrease during the week as a whole by 16.3%.

March 18, 2023 0 comments

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