The Japanese government bonds moved up on Tuesday after returning from long weekend holidays, having been closed to Autumn Equinox as investors are awaiting the release of the minutes of the Japanese Bank (BoJ) of the meeting. monetary policies in July today: direction in the bond market.
The result of the 10-year benchmark note JGB, which moves illegally due to its price, resulted in a 20 basis point result to -0.240 per cent, the 30-year long-term result suffered nearly 2 basis points to 0.337 per cent and the yield. a short-if 2 years slumped 16 basis points to -0.319 percent.
On the recent trend, Daly Fed said that “we did not have a liquidity problem in the system. We had distributed this liquidity. And one of the things that surprised people was that institutions did not trade that liquidity together ”, OCBC Treasury Research reported.
Moreover, Williams considered that transparency is becoming a key focus of the Fed and that the central bank will continue to “closely monitor and analyze developments” and “assess the implications for the appropriate level of reserve and the the balance of nutrition, the report added.
Daily Stock Market Report
Bullard separately claimed “take out insurance” in relation to rate reductions and a fixed repurchase facility was expected to be created, and the report was further noted by OCBC.
Sterling steadies on UK Supreme Court Judgment, euro consolidates below 1.1000 amid economic Downturn fears, European Stocks surge – Tuesday, September 24th, 2019
Supreme Court principles PM Johnsons suspension of parliament was criminal
RBA governor says further policy easing may be required
German business morale bounces
Economic Data Ahead
(0900 ET/1300 GMT) The S&P/Case-Shiller is forecast to report that U.S. home cost indicator of 20 metropolitan areas rose at an annualized rate of 2.2 percent in July from 2.1 percent in the previous month.
(1000 ET/1400 GMT) Federal Reserve Bank of Richmond will publish its Manufacturing Index for September. The index posted a decline of 11in the prior month.
(1630 ET/2030 GMT) API reports its weekly crude petroleum inventory.
Key Events Ahead
European shares surged after Washington said the United States and China would resume trade talks.
The pan-European STOXX 600 index rose 0.2 percentage in 390.79 points, while the FTSEurofirst 300 increased 0.2 percent to 1,536.22 points.
Britains FTSE 100 trades 0.1 percent down at 7,318.67 points, while mid-cap FTSE 250 eased 0.3 to 19,975.08 points.
Germanys DAX climbed 0.05 percent at 12,347.97 points; Frances CAC 40 trades 0.2 percent higher at 5,644.05 points.
Crude oil prices declined, extending losses for the third straight session since Saudi Arabia was expected to revive oil output faster than expected following the attacks a week. International benchmark Brent crude was trading 0.9 percent down at $63.83 per barrel by 1033 GMT, having hit a high of $69.64 final week, its highest since May 30. U.S. West Texas Intermediate was trading 0.9 percent upward at $57.95 a barrel, after falling as low as $57.33 on Monday, its lowest since September 16.
Gold prices steadied after climbing to a more than 2-week summit in the prior session on global slowdown fears and anxieties in the Middle East, while an improved U.S.-China commerce tone capped profits. Spot gold was trading flat at $1,521.79 per ounce at 1036 GMT, having touched a high of $1,526.74 on Monday, its highest since September 6. U.S. gold futures were down 0.3 per cent to $1,527.10 per oz
The U.S. Treasuries flattened through the day session ahead of the nation’s Conference Board consumer confidence survey results for the month of September, scheduled to be released today by 14:00GMT. Additionally, the short term 2-year market, due later now will direct markets completely. The yield on the benchmark 10-year Treasury yield slipped 1/2 foundation points to 1.703 percentage, the super-long 30-year bond yield edged tad 1 percentage down to 2.143 percent and the yield on the short-term 2-year hovered around 1.675 percent.
The German bunds traded almost apartment during European trading session following the country’s Ifo business climate indicator cheered market participants. However, investors will continue to keep a close watch on the 10-year auction, scheduled to be held on September 25 by 09:40GMT and European Central Bank President Mario Draghi’s address, due to be delivered later today. The German 10-year bond return, which moves inversely to its price, remained flat at -0.581 percent, the return on 30-year note slipped 1/2 foundation points to -0.121 percent and the yield on short-term 2-year hovered around -0.716 percent.
The Japanese government bonds jumped after coming from a long weekend vacation, after closure for Autumn Equinox as investors await the release of the Bank of Japan’s (BoJ) minutes of the July financial policy meeting, today by 23:50GMT for further leadership in the bond market. The return on the benchmark 10-year JGB note, which moves inversely to its price, plunged 20 basis points to -0.240 percentage, the return on the long-term 30-year suffered nearly 2 basis points to 0.337 percent and the return on short-term 2-year slumped 16 basis points to -0.319 percent.
The Australian government bonds increased bit higher during the Asian semester of the next trading day of the week amid a muted session which witnessed data of little economic value amid widespread worries about global expansion after the launch of weak European economic statistics yesterday. The return on Australia’s benchmark 10-year note, which moves inversely to its price, slipped bit 1/2 foundation point to 0.987 percent, the return on the longterm 30-year bond also remained an inch lower at 1.583 percent and the return on short-term 2-year hovered around 0.752 percent.
Tom, aka T Rex, is seasoned financial pro that cut his teeth on the Chicago trading oil futures in 1995. In less than 3 years he bought his own seat and set up shop on the exchange. For the next 10 years Rex traded his own account and some institutional accounts. In 2017, he decided to move to Florida and focus on educating traders and writing for financial websites.