| 单词 | long-dated |
| 例句 | The U.S. government also cut its refinancing estimate for this quarter, and announced lower increases in long-dated debt auctions than expected. Dollar extends drop, remains vulnerable after Fed steer 2023-11-06T05:00:00Z Also, the U.S. government cut its refinancing estimate for this quarter, and announced lower increases in long-dated debt auctions than expected. Dollar steady but remains vulnerable after Fed steer 2023-11-06T05:00:00Z The comments, viewed as hints that the central bank is done with its rate hikes, sent longer-dated U.S. Hedge funds caught in crowded trades suffered in Thursday's stock rally -Goldman Sachs 2023-11-03T04:00:00Z Treasury Department announcing smaller-than-expected increases in longer-dated Treasury supply, and Federal Reserve Chair Jerome Powell seeming more confident suggesting the Fed is done hiking interest rates at his press conference after their Wednesday meeting. Euro, pound set for biggest weekly gains since July, U.S. payrolls loom 2023-11-03T04:00:00Z Treasury department had also said on Wednesday that it would sell less longer-dated debt at auction than had been expected and a softer-than-forecast manufacturing survey helped reinforce bets that no further hikes are necessary. Stocks set for strongest week of 2023 on interest rate cheer 2023-11-03T04:00:00Z The comments, which were perceived to be dovish, sent longer-dated U.S. Wall St rallies over 1% on bets of peak US interest rates 2023-11-02T04:00:00Z Overnight, it tumbled 14 basis points, the biggest daily drop since March, also thanks to a Treasury announcement that the government will slow increases in the size of its longer-dated auctions. Asia shares, bonds rally as Powell fuels optimism of end to rate hikes 2023-11-02T04:00:00Z Meanwhile, the Treasury Department said it will slow the pace of increases in its longer-dated debt auctions in the November-January quarter. Wall St gains as yields slip in run-up to Fed decision 2023-11-01T04:00:00Z Bank of America said there were $5.6 billion of inflows to long-dated Treasury funds last week, the largest on record. Bond fund managers head for third year of losses for first time in decades 2023-10-31T04:00:00Z An economic slowdown, in theory, would force the Fed to cut borrowing costs, pushing down prices of shorter-dated Treasuries as they are more sensitive to interest rates and heightening the appeal of longer-dated bonds. Vanguard bets on long-term US Treasuries after 'cruel summer' for bond investors 2023-10-23T04:00:00Z Overall, euro area long-dated bond yields were on course for their steepest weekly fall since mid-July as the prices of the core government debt instruments rose. Retreat from risk boosts 'safer' havens as Middle East conflict intensifies 2023-10-13T04:00:00Z Going by Wall Street's decline on Thursday, sparked by a spike in long-dated U.S. bond yields following a weak 30-year auction, the mood will be one of caution, at best. Morning Bid: After US, inflation focus turns to China 2023-10-12T04:00:00Z The initial 'bull' flattening in Asia and Europe, led by strong buying of long-dated bonds, that pushed long yields sharply lower, flipped after the U.S. ASIA Fed pivot reality check for emerging markets? 2023-10-11T04:00:00Z The rise in long-dated yields has been the biggest driver of volatility and stress that have been behind the recent selloff in stocks. Morning Bid: One more firework in fiery start to Q4 2023-10-05T04:00:00Z But Wall Street's three main indexes pared early losses to trade little changed and long-dated Treasury yields hovered under 16-year highs before a much-anticipated U.S. jobs report on Friday. GLOBAL MARKET Dollar slips, stocks gain amid still tight U.S. labor market 2023-10-05T04:00:00Z The so-called 'term premium' - the compensation investors demand for taking on greater risk by holding long-dated bonds - continues to rise. Morning Bid: Bond beating takes a breather 2023-10-04T04:00:00Z On Thursday the yield curve flattened the most in a single day since March, a 'bull' flattening led by heavy buying of long-dated bonds. Morning Bid: After US, inflation focus turns to China 2023-10-12T04:00:00Z Higher deficits mean more bond sales just as central banks offload their vast holdings, so longer-dated yields are rising as investors demand more compensation. Why a rout in government bonds is worrying 2023-10-03T04:00:00Z As a result, “yields will rise until investors believe that longer-dated bonds are compensating them for the supply that we know is coming,” said Mike Riddell, senior portfolio manager at Allianz Global Investors. Global bond investors fear more declines after vicious quarterly selloff 2023-09-29T04:00:00Z Bearing in mind that as recently as June oil was down 45% year-on-year, this is a remarkable turnaround and helps explain why longer-dated bond yields are rising so much. ASIA Back to regularly scheduled programming 2023-09-26T04:00:00Z Diaz said his firm has "more duration than our benchmarks," meaning it has increased bets on longer-dated Treasuries in anticipation of rising prices. Some investors bet peak policy rate is near ahead of Fed decision 2023-09-19T04:00:00Z Treasuries initially rallied on the jobs data, but soon ran into selling and longer-dated yields ended Friday higher. Asia looks to extend rally on China, US rate hopes 2023-09-04T04:00:00Z “It’s a difficult task for investors to get a grip on where bond yields should go over the medium term,” said Edward Hutchings, head of rates at Aviva Investors, who favours longer-dated euro zone bonds. Analysis-For traders, September's ECB move is far from clear cut 2023-08-31T04:00:00Z Tech stocks could come under extra pressure following the Nasdaq's 1.9% slump on Thursday, a slightly perplexing fall given long-dated bond yields didn't rise that much and Nvidia managed to close in positive territory. ASIA Keeping control ahead of Jackson Hole 2023-08-24T04:00:00Z After Treasuries were heavily sold off for the past five weeks, longer-dated maturities on Friday found some much needed support as yields near decade highs drew demand. Asian shares set for 3rd losing week on China woes, US rates 2023-08-18T04:00:00Z A recent rise in long-dated bond yields in reaction to a surge in U.S. borrowing needs was a case in point. US loss of AAA badge a reminder of 'regime shift' for government debt 2023-08-14T04:00:00Z But the early gains of more than 1% evaporated as longer-dated Treasury yields started to climb again, and the three main indexes closed the day flat to 0.15% higher. Morning Bid: US CPI smile fades, it's raining yen 2023-08-10T04:00:00Z Those moves have put the focus back on "steepening trades" - bets that shorter-dated yields will fall relative to longer-dated yields. Bond traders prepare to brave 'painful' yield curve bets as rate hikes slow 2023-08-09T04:00:00Z The curve steepening was again led by a selloff at the long end and spike higher in long-dated borrowing costs, but was less aggressive than some recent moves. Morning Bid: Awaiting another China exports slump 2023-08-07T04:00:00Z Treasury curve is getting crushed, triggering a surge in long-dated yields and 'steepening' of the curve. Morning Bid: Dodging the US curve ball 2023-08-03T04:00:00Z "As the supply of long-dated Treasuries rises, investors may demand higher term premia to compensate for the added risk of holding bonds with longer maturities," Fichan said. US loss of AAA badge a reminder of 'regime shift' for government debt 2023-08-14T04:00:00Z Weaker-than-expected U.S. non-farm payrolls data pushed two-year yields off their highs on Friday, but did little to soothe the selloff in longer-dated bonds. Analysis: Bonds back in a tailspin as 'higher for longer' narrative hits 2023-07-07T04:00:00Z In these trades, investors buy a short-dated bond in the hope that its price will rise and the yield will fall, and short - that is, bet against - a longer-dated bond for the opposite reason. Bond traders prepare to brave 'painful' yield curve bets as rate hikes slow 2023-08-09T04:00:00Z Along with those bets, yield curve inversion - where shorter-dated bonds offer higher yields than longer-dated ones, seen as a good sign that investors expect a recession - has deepened as yields on shorter maturities surge. Analysis: Bond markets reckon a central bank policy error is on the cards 2023-07-03T04:00:00Z One of Wall Street’s most widely talked about recession indicators compares the difference between yields on short-dated government bonds with yields on longer-dated government bonds. Wall St. Foresees a Rosy 6 Months. Corporate America Isn’t So Sure. 2023-06-30T04:00:00Z However, longer-dated bond yields, which are driven by macroeconomic expectations more than short-term monetary policies, have either held steady or declined, as the market anticipated an economic slowdown. Analysis: US bond investors eked out positive returns, see better second half year 2023-06-28T04:00:00Z Reflecting investor optimism, the cost of insuring exposure to a U.S. debt default fell further on Tuesday, while yields on longer-dated U.S. Futures rise on tentative debt ceiling deal 2023-05-30T04:00:00Z Treasury yields were slightly lower in Asia, after longer-dated yields declining further overnight on soft data. Asian shares tentative on global growth concerns, Japan surges 2023-05-12T04:00:00Z A slowdown strong enough to cool inflation would end U.S. rate hikes, meaning yields on short-dated bonds are likely to fall more than those on longer-dated ones, Aspell said. Trading turbulence in banking sector: five hedge fund ideas 2023-04-28T04:00:00Z Many banks hold long-dated bonds with low interest rates, which have become increasingly unattractive as the Fed raises rates and new bonds with higher interest rates became available. Why Schwab, a financial giant, got hurt in the regional banks panic 2023-04-01T04:00:00Z And higher borrowing costs increase the odds of a recession, when investors typically seek protection in longer-dated securities. Analysis: US bond investors eked out positive returns, see better second half year 2023-06-28T04:00:00Z He took profits from a trade betting on shorter-dated yields falling faster than longer-dated ones and has reduced exposure to interest rate risk, expecting two more Fed hikes. Analysis: After extraordinary rally, bonds' fate now with bank stability and inflation 2023-03-30T04:00:00Z While inverted yield curves, where long-dated borrowing costs are lower than shorter-dated ones, are good recession predictors, inversion has been followed by steepening as past recessions neared. Banking turmoil means recession fears are creeping back 2023-03-29T04:00:00Z Some regional banks across the country engaged in one of Silicon Valley Bank’s risky practices: Buying long-dated bonds with low interest rates, whose value has now fallen as interest rates have risen. Bank Stocks Teeter as Investors Worry About Who May Fall Next 2023-03-20T04:00:00Z That, they argued, destabilized Silicon Valley Bank by causing the value of its long-dated Treasury bonds and mortgage bonds to be eroded. Yellen Defends Efforts to Stabilize Banking System 2023-03-16T04:00:00Z But Silicon Valley Bank’s failure was caused in part by its decision to keep a large portion of depositors’ cash in longer-dated U.S. Federal Reserve and Lawmakers Eye Bank Rules After Collapse 2023-03-15T04:00:00Z And so such a rapid rise in rates in so short a time caused the market value of previously issued debt – whether corporate bonds or government Treasury bills – to plunge, especially for longer-dated debt. Expert: Why SVB and Signature Bank failed so fast – and the US banking crisis isn’t over yet 2023-03-15T04:00:00Z So it made an outsize bet on long-dated bonds, a lack of diversity that increased its risk. How a California Bank Sparked a Financial Panic 2023-03-14T04:00:00Z Silicon Valley Bank failed because it had put a large share of customer deposits into long-dated Treasury bonds and mortgage bonds that promised modest, steady returns when interest rates were low. How Washington Decided to Rescue Silicon Valley Bank 2023-03-14T04:00:00Z Bullish speculation was particularly heavy in options expiring in less than a week, while longer-dated options saw less interest, he said. US options traders bet on near-term recovery as bank stocks rebound 2023-03-14T04:00:00Z It was notable that yields on long-dated Treasuries actually rose in Asia, perhaps signalling concerns that a constrained Fed would result in inflation staying higher for longer. Morning Bid: Bank rescue leaves Fed in a rate bind 2023-03-13T04:00:00Z Many start-ups parked their cash at Silicon Valley Bank, and the bank, in turn, took that money and invested it, including in a bunch of long-dated bonds. 3 Lessons From Silicon Valley Bank’s Failure 2023-03-11T05:00:00Z Silicon Valley Bank took a loss of about $1.8 billion on a sale of $21 billion of long-dated securities completed on Wednesday, the bank said. Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours 2023-03-10T05:00:00Z While most of the trading was concentrated in March through May expirations, some longer-dated trades extended out into the summer, Murphy said. SVB debacle sparks rush to defensive options on fears of contagion 2023-03-10T05:00:00Z Meanwhile, the inversion of the Treasury yield curve has extended to its widest since 1981, as short-term yields have surged above yields on longer-dated debt - a time-honored recession signal. Analysis: Awaiting key data, some investors fear Fed will overdo tightening 2023-03-10T05:00:00Z Funding officials said bank treasuries usually buy bonds that mature in up to 10 years, but such is demand that they have become the leading investors in much longer-dated debt sales. Banks pile into euro zone bond sales as rates shoot up 2023-02-28T05:00:00Z German and other government bond yield curves are deeply inverted, meaning short-dated borrowing costs are much higher than long-dated ones. Recession alarm bells are ringing, but (much) less loudly than before 2023-02-10T05:00:00Z It used its depositors’ funds, which were always repayable on demand, to buy long-dated Treasury securities. Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours 2023-03-10T05:00:00Z On cue, the yield on 10-year Treasury notes has fallen by 31 basis points this year as investors pour money into long-dated sovereign bonds. Elon Musk Goes to Washington 2023-01-27T05:00:00Z Instead of rolling over their positions in these instruments, they may instead seek cash-like equivalents further out the curve, such as longer-dated Treasury notes. Column: U.S. debt ceiling saga softens Fed's QT: McGeever 2023-01-19T05:00:00Z In early December, the finance ministry launched a plan to exchange local bonds for longer-dated maturities. Ghana says debt exchange talks with local pension funds continuing 2023-01-11T05:00:00Z Treasury yields have risen - reflecting the belief among investors that the Fed will keep raising rates for the coming months - they have shot above longer-dated ones, which makes it far more expensive to hedge. Analysis: As Bank of Japan switches gears, roaring dollar hits the skids 2022-12-20T05:00:00Z Hedge fund managers attending a recent private UBS conference, said now was not the time to buy long-dated debt, according to a conference video seen by Reuters. Analysis-Bludgeoned bond markets hope peak inflation will bring revival in 2023 2022-12-14T05:00:00Z The growth fears rallied longer-dated bonds and helped the safe-haven U.S. dollar to pause its recent retreat. Stocks rally sputters as growth fears resurface 2022-12-07T05:00:00Z On its own, this could deepen the already historic inversion across large parts of the yield curve: selling T bills pushes their yields up, and buying longer-dated paper pushes their yields down. Column: U.S. debt ceiling saga softens Fed's QT: McGeever 2023-01-19T05:00:00Z But some investors still see value in longer-dated contracts. Improbable bets on break of Hong Kong dollar peg adding up 2022-12-04T05:00:00Z They are also underweight long-dated government bonds, betting that central banks are unlikely to stop cutting rates in a downturn if inflation stays high. Analysis: Markets sigh with relief after Powell speech, but more turbulence likely ahead 2022-12-01T05:00:00Z The BoE also aimed to sell the 19 billion pounds of long-dated and index-linked gilts in a "timely but orderly" way, Bailey wrote. BoE's Bailey confirms decrease in bond purchase cap 2022-11-04T04:00:00Z For example, as rates fall, they might buy longer-dated Treasuries to make up for some of the lost interest rate payments from consumers paying off their mortgages sooner. Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.) 2022-11-03T04:00:00Z "No one wants duration risk here because of the Federal Reserve and the ECB hiking rates," Leister said, referring to longer-dated debt. Germany needs billions to solve its energy crisis, but buyers are shunning its bonds 2022-10-27T04:00:00Z That’s why longer-dated Treasury yields are below short-dated yields at the moment. Another Closely Watched Recession Alarm Is Ringing 2022-10-26T04:00:00Z Cyrus Ardalan, Chairman of LX, said that given "the challenging macroeconomic backdrop" investors could "take comfort" in LXI's resilient, diversified portfolio of long-dated and inflation-protected assets, and highlighted its 100% fixed or capped debt position. Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector 2022-10-21T04:00:00Z “Remain underweight equities, and start getting your toes wet in long-dated, highly rated debt securities,” he said. With So Much Riding on the Fed’s Moves, It’s Hard to Know How to Invest 2022-10-15T04:00:00Z It bought 1.36 billion pounds of standard long-dated bonds in a second operation of the day. 'Get this done!' BoE's Bailey gives UK funds 3-day deadline to fix problems 2022-10-11T04:00:00Z Over the first eight trading days of the bond-buying operation, the bank said Monday, it had bought only about £5 billion of long-dated government bonds, despite setting a limit of £5 billion a day. Bank of England Expands Market Intervention to Avoid a ‘Fire Sale’ 2022-10-11T04:00:00Z Over the last eight trading days, the bank bought only about 5 billion pounds of long-dated government bonds in total, despite setting a limit of £5 billion a day. U.K. Government Plans a Halloween Update to Its Tax and Spending Agenda 2022-10-10T04:00:00Z The bank plans to buy long-dated bonds for less than two weeks and says it will not hold them longer than necessary. Economists Nervously Eye the Bank of England’s Market Rescue 2022-10-04T04:00:00Z British government borrowing costs fell again in early trade on Tuesday but remain higher than before Kwarteng's mini-budget announcement on Sept. 23 for maturities not covered by the BoE's emergency plan to buy longer-dated gilts. UK's Truss refuses to rule out welfare cuts to fund economic plan 2022-10-04T04:00:00Z Kwarteng told parliament he was committed to "getting to the bottom" of what had happened in the long-dated gilt market. 'Get this done!' BoE's Bailey gives UK funds 3-day deadline to fix problems 2022-10-11T04:00:00Z A slump in British government bond prices, meanwhile, forced the Bank of England to carry out temporary purchases of long-dated gilts. U.S. investors brace for more wild market gyrations after dizzying Q3 2022-09-30T04:00:00Z The BoE's pledge to buy $69 billion of long-dated gilts has calmed markets for now, but it's too soon to say the rout is over. Take Five: A bumpy home straight 2022-09-30T04:00:00Z The calm brought about by the Bank of England's decision on Wednesday to buy long-dated government securities to stabilize the turmoil in the markets caused by the government's new economic plan was short-lived. Wall Street set to open lower on growing economic downturn worries 2022-09-29T04:00:00Z The Indian rupee is expected to open higher against the U.S. currency, after the Bank of England's decision to buy long-dated British bonds prompted a pullback in Treasury yields and the dollar index. Analysis: Goodbye, TINA: higher yields muddy outlook for struggling U.S. stocks 2022-09-29T04:00:00Z The Indian rupee is expected to open higher against the U.S. currency, after the Bank of England's decision to buy long-dated British bonds prompted a pullback in Treasury yields and the dollar index. Breakfast in, shopping out: tourists to the U.S. hit by soaring dollar 2022-09-29T04:00:00Z The Indian rupee is expected to open higher against the U.S. currency, after the Bank of England's decision to buy long-dated British bonds prompted a pullback in Treasury yields and the dollar index. S.Korea Sept exports set for slowest growth in two years - Reuters poll 2022-09-29T04:00:00Z It committed to buying as many long-dated gilts as needed until Oct. Sterling slips back with euro on persistent UK fiscal angst despite BoE bond-buying 2022-09-29T04:00:00Z The Bank of England said it is committed to buying as many long-dated government bonds, know as gilts, as needed between Wednesday and Oct. Oil prices fall amid strong dollar, economic concerns 2022-09-29T04:00:00Z In the interim, the bank said today it would temporarily buy longer-dated government bonds, while delaying sales of its existing holdings, in an effort to tame soaring yields. ‘Act of Sabotage’ Hits Europe’s Energy and Stocks Markets 2022-09-28T04:00:00Z Summers pointed to surging interest rates of long-dated British debt as a "hallmark of situations where credibility has been lost". Reversing UK confidence crash requires policy U-turn: economists 2022-09-27T04:00:00Z Typically companies take a bridge loan to fund mergers but then pay it down with a long-dated bond issue before closing. Analysis: Some U.S. firms wait to issue bonds in a bet rates will come down 2022-09-23T04:00:00Z Typically, longer-dated yields are higher than short-dated ones to compensate investors for locking their money up for longer. Long outliers, even euro zone bond curves are inverting fast 2022-09-23T04:00:00Z Overnight, Wall Street indexes fell and longer-dated U.S. Bonds lead losses as rate hikes hit; yen in focus 2022-09-23T04:00:00Z Kennedy’s funds continue to focus on short-term Treasuries and are holding "elevated" levels of cash as he expects yields on both short- and longer-dated bonds will rise between 50-100 basis points before peaking. Analysis: No relief for bruised markets as Fed signals higher rates for longer 2022-09-22T04:00:00Z While Schurmeier finds longer-dated Treasuries attractive, he is "hesitant to add more risk until volatility has dampened down," he said. Wall St Week Ahead More worries for U.S. stocks, bonds: Fed ramps up 'QT' 2022-09-09T04:00:00Z This makes it harder to execute arbitrage trades, for instance swapping exposure to a longer-dated bond with the 20-year one. Analysis: U.S. Treasury traders switch strategies as liquidity problems worsen 2022-08-31T04:00:00Z Even in Germany, where longer-dated bond yields have surprisingly remained above shorter-dated ones, the yield curve is coming closer to inversion than it has done in years. Long outliers, even euro zone bond curves are inverting fast 2022-09-23T04:00:00Z Meet “the spread,” or the difference in yield between Italian long-dated Treasuries and the more stable German sovereign debt. California Bids for Tighter Rein on Fast-Food Chains 2022-08-30T04:00:00Z At the same time, rising recession risks also raised the allure of longer-dated bonds. Analysis: No relief for bruised markets as Fed signals higher rates for longer 2022-09-22T04:00:00Z The current shape of the curve, however, shows yields for shorter-dated bonds exceeding those for many longer-dated ones, a sign that has preceded past recessions. Wall St Week Ahead Summer rebound in U.S. stocks gains fans among chart-watching investors 2022-08-19T04:00:00Z Financial conditions need to tighten more and for that to happen, "you either need to see some declines in risk assets, equity prices or increases in longer-dated yields. Typically it's a combination," Saner said. Analysis: Loosening financial conditions threaten central bank inflation fight 2022-08-16T04:00:00Z Doty said he was increasing his exposure to longer-dated bonds in his portfolio, betting that yields are unlikely to revisit the highs they have seen this year. Analysis: Softer inflation ‘huge relief’ for battered investors in U.S. stocks and bonds 2022-08-10T04:00:00Z He added that despite the Fed raising interest rates on Wednesday, longer-dated Treasury yields, which help set borrowing costs worldwide, have fallen along with expectations for further interest rate increases, “and that bolsters equities.” The S&P 500 is about to have its best month since November 2020. 2022-07-29T04:00:00Z This worry is reflected in falling longer-dated Treasury yields like the 10-year, which tell us more about investors expectations for growth. A Recession Alarm Is Ringing on Wall Street 2022-07-21T04:00:00Z Traders use longer-dated averages to find the next support or resistance levels. Cryptoverse: Holding your breath for a bitcoin bounce 2022-07-19T04:00:00Z Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Australian employment jumps in May as labour market tightens 2022-06-16T04:00:00Z Shorter-duration debt typically outperforms longer-dated debt in a rising rate environment. With blistering inflation and hawkish Fed, bond investors push for safety 2022-06-15T04:00:00Z Shorter-duration bonds, in general, outperform longer-dated ones in a rising rate environment. Bond investors go for safety, brace for ultra-hawkish Fed 2022-05-02T04:00:00Z Sri Lanka’s sovereign dollar-denominated bonds enjoyed healthy gains on Tuesday, with longer-dated issues up more than 1 cent in the dollar, Tradeweb data showed. Sri Lanka unilaterally suspends external debt payments, says needs money for essentials 2022-04-12T04:00:00Z An inversion of the yield curve, when shorter-dated yields rise above longer-dated ones, are seen as a harbinger of a recession in the next one or two years. World shares rise, U.S. yield curve inverts after strong jobs data 2022-04-01T04:00:00Z That is unusual because investors typically expect more compensation for taking on the risk that rising inflation will lower the expected return from owning longer-dated bonds. Explainer: Why an inverted yield curve may not be all bad for U.S. banks 2022-03-30T04:00:00Z Some analysts say that the curve has been distorted by the Fed's massive bond purchases, which are holding down long-dated yields relative to shorter-dated ones. Inversion of key US yield curve slice is a recession alarm 2022-03-29T04:00:00Z Federal Reserve, while longer-dated government bond yields have moved at a slower pace amid concerns policy tightening may hurt the economy. Analysis-U.S. Treasuries yield curve flashes red to investors 2022-03-29T04:00:00Z For some analysts, under estimating inflation trends longer-term by the BoE means long-dated British government bonds or gilts stand to significantly underperform German and U.S. peers this year. Morning Bid: That inflation headache 2022-03-23T04:00:00Z The yield gap between 10-year and two-year Treasuries has narrowed by about 60 basis points since the start of the year, with the longer-dated notes now yielding just 21 basis points more than two-year debt. U.S. yield curve points to recession risk as market challenges Fed's 'soft-landing' 2022-03-21T04:00:00Z Some concerns over future growth were apparent in the Treasury market, with yields on some shorter-dated Treasuries rising above longer-dated ones, a sign that investors see economic risks ahead. Analysis: Investors adjust as Fed hikes, worry about clouds on horizon 2022-03-17T04:00:00Z The decline since has been rapid, with longer-dated issues now indicated at around 20 cents in the dollar, although trading has all but ground to a halt. U.S. bank JPMorgan suggests clients buy distressed Russian bonds 2022-03-07T05:00:00Z Russia's sovereign dollar bonds suffered with longer-dated bonds down around 7 cents in the dollar at 88.01 cents. Rouble slides past 80 vs dollar as West imposes new sanctions on Russia 2022-02-23T05:00:00Z He said bets were being laid on volatility in rates and on Japan’s yield curve steepening as longer-dated yields go up. Analysis-I know what you'll do next summer: bets grow that the BOJ buckles 2022-02-22T05:00:00Z Russia's longer-dated sovereign dollar bonds traded near their lowest since March 2020. Rouble sinks past 78 vs dollar, stocks plunge on Ukraine nerves 2022-02-21T05:00:00Z Federal Reserve, while longer-dated government bond yields have moved at a slower pace amid concerns that policy tightening may hurt the economy. Explainer: The U.S. yield curve has been flattening: Why you should care 2022-02-03T05:00:00Z That decision effectively rules out selling longer-dated U.S. U.S. yield curve inversion may be 'false positive' recession signal - Credit Suisse 2022-02-02T05:00:00Z Ukraine's longer-dated dollar bonds suffered their worst day on record. Rouble slides past 80 vs dollar as West imposes new sanctions on Russia 2022-02-23T05:00:00Z Treasury yields , which track short-term interest-rate expectations, rose above 1% for the first time since the start of the pandemic, further eroding the yield advantage longer-dated securities usually hold over shorter-dated ones. BlackRock's Fink sees flattening yield curve amid bond tantrum echoes 2022-01-18T05:00:00Z Russian longer-dated dollar bonds also felt the pain. Ukraine bonds sink into distress, Russia drops as tensions bite 2022-01-17T05:00:00Z While longer-dated U.S. yields dipped after Wednesday's inflation data, Fed fund futures are pricing in nearly four rate hikes this year. Asian shares mixed as investors digest U.S. inflation surge 2022-01-13T05:00:00Z "We think that the increase in long-dated Treasury yields has further to run," said Nicholas Farr, an economist at Capital Economics. Asia shares subdued before U.S. inflation test 2022-01-10T05:00:00Z Such hawkish chatter from the Fed is a major reason long-dated Treasury yields fell last week as the short-end rose. Asia stocks, oil prices suffer as Omicron spreads 2021-12-20T05:00:00Z A marked flattening in the U.S yield curve -- with longer-dated borrowing costs taking a tumble -- failed to lift tech shares on Monday. Big Apple 2021-12-14T05:00:00Z Sovereign dollar bonds suffered sharp falls with many longer-dated issues down 2 cents, Tradeweb data showed. Turkish lira in historic 15% crash after Erdogan stokes fire sale 2021-11-23T05:00:00Z Monetary policy could do little to dampen inflation in the near term and longer-dated inflation expectations had risen relatively less, he added. Analysis-Unreliable boyfriends? BoE and other central banks rankle investors 2021-11-04T04:00:00Z Federal Reserve engineered an orderly start to unwinding its massive stimulus programme, though doubts about the inflation outlook did push up longer-dated bond yields. Stocks rise as Fed tapers without the tantrum 2021-11-04T04:00:00Z They advise buying more cyclical stocks to position for higher longer-dated yields. Marketmind: Aussie cbank caves in, who's next? 2021-11-02T04:00:00Z Typically, the curve slopes upwards because investors expect more compensation for taking on the risk that rising inflation will lower the expected return from owning longer-dated bonds. Explainer-Why is the yield curve flattening and what does it mean? 2021-11-01T04:00:00Z While those recent moves have not weighed on stocks, surges in longer-dated Treasury yields could make equities less attractive for some investors. Wall St Week Ahead: Stocks approach historically strong period but Fed taper looms 2021-10-29T04:00:00Z Some attribute the sanguine reaction to the relative calm in longer-dated bonds, where yields appear to signal confidence that swift central bank action will in time quash inflationary pressures without upending economic momentum. Analysis: 'TINA' keeps stocks and bonds going their own way 2021-10-29T04:00:00Z In contrast, longer-dated yields fell in part as a tighter monetary policy is likely to tame inflation down the road. Stocks get reality check from earnings, central banks in focus 2021-10-28T04:00:00Z At the WTI delivery hub in Cushing, Oklahoma, crude storage is the most depleted in three years, with prices for longer-dated futures contracts indicating supplies will stay low for months. Brent falls to two-week low after inventory shock 2021-10-28T04:00:00Z Equinor sells most of its gas on a short-term, or spot, basis but also sells a small share based on longer-dated indices. Equinor Q3 surges on gas and derivatives, boosting share buybacks 2021-10-27T04:00:00Z The latter was enough to nudge longer-dated Treasury yields higher and steepen the yield curve, even as markets speculated the Federal Reserve might start tapering later. Asia shares mixed, mull implications of U.S. jobs shock 2021-09-06T04:00:00Z The strategists expect markets' sensitivity to economic data to increase with time, and recommended longer-dated hedges rather than ones with a shorter tenor. Some options data reflect views of impending volatility - Goldman 2021-06-25T04:00:00Z Higher expectations of inflation continued to lift long-dated U.S. Asian shares up but set for weekly loss after hawkish Fed 2021-06-18T04:00:00Z Signals that the Fed is growing less confident in those assumptions could unsettle stocks, which have benefited from quantitative easing, and hurt bonds, as rising prices erode the value of longer-dated debt. Wall St Week Ahead Fed meeting looms for stocks as inflation worries collide with 'Goldilocks' markets 2021-06-11T04:00:00Z The S&P 500 and the Nasdaq ended about 1% higher on Monday after Federal Reserve officials maintained that the U.S. central bank’s ultra-easy monetary policy will remain in place, pushing the longer-dated U.S. Futures firm as tech stocks rise on lower bond yields 2021-05-25T04:00:00Z Goncalves argued that the recovery in longer-dated yields was in anticipation of auctions of new 10- and 30-year bonds next week. Investors back off view that Fed could raise rates in late 2022 2021-05-07T04:00:00Z High inflation brings the risk of an earlier than anticipated scaling back of monetary support by central banks, while also potentially squeezing corporate profit margins and threatening to erode the purchasing power of longer-dated bonds. Wall St Week Ahead Investors eye inflation, seasonally weaker market stretch as tech stocks wobble 2021-05-07T04:00:00Z “However, the uncertainty inherent in longer-dated assessments ... to describe future climate-economic relationships render estimates of capital shortfall, or other measures of resiliency, less reliable than those of conventional stress tests,” Basel said. Global regulators to refine climate fallout on banks 2021-04-14T04:00:00Z Bond managers attributed some of the force behind the move to speculators who are significantly short longer-dated Treasury futures, according to recent data from the U.S. Bond managers say pace of rise in U.S. bond yields 'unsettling' 2021-03-19T04:00:00Z Yields on longer-dated bonds tend to outpace shorter-term yields when the market expects an environment of stronger growth, higher inflation or interest-rate increases by the Federal Reserve. Steeper and higher: U.S. bond tantrum averted, but worries remain 2021-03-18T04:00:00Z Investors still hoping for action from the Fed to cap rising yields on longer-dated Treasury bonds may be disappointed. Investor questions for the Fed: rebound, inflation and yields 2021-03-15T04:00:00Z Marc Seidner, a senior fund manager at bond giant PIMCO, wrote in a blog post on Monday that inflation will not rise as fast as markets anticipate -- so, long-dated yields could stay within recent ranges. Big-name investors bet bond sell-off has further to run 2021-03-10T05:00:00Z Economists and business networks often call such policies either “maturity extension” — shifting future purchases toward longer-dated debt — or “Operation Twist,” which tends to refer to selling short-term notes while buying longer-term bonds. Investors Are Focused on Treasurys. Here’s What the Fed Could Do. 2021-03-04T05:00:00Z “Executive compensation at Blackstone is directly tied to investor and shareholder performance,” a Blackstone spokesman said in a statement, adding that most of it reflected realized performance fees from investments and long-dated stock grants. Blackstone CEO Schwarzman took home $610.5 million in 2020 2021-03-01T05:00:00Z Treasury yields surged to 11-month highs as the U.S. fiscal stimulus was seen boosting economic growth and raising inflation more quickly than expected, and before the Treasury Department sells new longer-dated debt. Stocks extend record highs, oil rises to highest in more than a year 2021-02-08T05:00:00Z Benchmark Treasury yields rose to 10-month highs on Monday as investors priced for higher government spending under the incoming Joe Biden administration and before the Treasury will sell new long-dated supply. Dollar extends rebound as U.S. yields rise 2021-01-11T05:00:00Z With the Fed reluctant to purchase more longer-dated bonds, 10-year Treasury yields jumped almost 20 basis points last week to 1.12%, the biggest weekly rise since June. Asia stocks hold near highs, yields up on U.S. stimulus plans 2021-01-11T05:00:00Z In Treasuries, the longer-dated end of the yield curve could rise further if the Treasury Department has to issue more new debt, driving prices down and yields up. Explainer: How investors view the Georgia U.S. Senate runoff 2021-01-04T05:00:00Z At Wednesday’s press conference, Powell said buying more long-dated debt was not “high on our list of possibilities.” Investors waiting for Fed long-end buying have to wait some more 2020-12-17T05:00:00Z The market is assuming the central bank will merely refine its forward guidance on policy rather than buying more bonds or “twisting” its portfolio to add more longer-dated debt. Stocks cheered by vaccine roll out, Brexit extension 2020-12-14T05:00:00Z Federal Reserve meeting ending Wednesday where policymakers are expected to increase purchases of longer-dated Treasuries to contain a rise in yields. Sterling rises on hope for Brexit deal, dollar swoons before Fed 2020-12-14T05:00:00Z In the United States, strong demand for $24 billion in 30-year Treasury bonds on auction drove longer-dated yields down and flattened the yield curve. Asian markets wary over stimulus, pandemic concerns 2020-12-10T05:00:00Z “I think the shorter-end is offering a bit more value than the longer-dated bonds to where the existing bonds are trading,” said Max Wolman, senior portfolio manager at Aberdeen Asset Management. Saudi Aramco gets $8 billion with jumbo five-part bond deal 2020-11-17T05:00:00Z Misra expects the Fed to continue to buy the same amount of Treasury debt, but believes it will increase the portion of longer-dated bonds it buys. Analysis: Despite vaccine progress, investors eye Fed support as coronavirus surges 2020-11-17T05:00:00Z We divide our weekly shop between two supermarkets - heavy, bulky or long-dated food, cleaning materials and toiletries are ordered online, but we prefer to select fresh food ourselves. 'We met through MoneySavingExpert' 2020-11-07T05:00:00Z The surprisingly stronger initial results for Trump boosted U.S. stock futures earlier in the session, pushed down longer-dated U.S. S&P 500 futures turn down after Trump falsely claims victory with key votes uncounted 2020-11-04T05:00:00Z A steepening curve, when longer-dated yields rise faster than shorter-dated ones, typically signals higher inflation and brighter economic prospects. Analysis: Betting on further U.S. yield curve steepening? Not so fast! 2020-10-20T04:00:00Z Yields on longer-dated Treasury bonds dipped slightly as traders took profits on positions, driving prices higher on the safe-haven assets. Global Markets: Wall Street gains, gold jumps on stimulus likelihood 2020-10-09T04:00:00Z Yields on long-dated Treasury securities ticked higher, meanwhile, while the dollar ended the day little changed against major trading partner currencies. Fed touts economic recovery, vows to keep interest rates low 2020-09-16T04:00:00Z While that will likely keep yields on the shorter end of the curve anchored near historic lows, longer-dated bonds may be more susceptible to shifting expectations for inflation and economic growth. Are higher Treasury yields coming? Options traders bet yes 2020-09-16T04:00:00Z Some investors said the central bank may need to address the possibility of buying longer-dated debt at its mid-September policy meeting, if not sooner. Jump in 30-year Treasury yield raises expectations of Fed purchases 2020-08-31T04:00:00Z Yields move inversely to prices and inflation erodes the value of longer-dated bonds. Investors price for Fed chair to signal inflation can run higher 2020-08-27T04:00:00Z Treasury yields steepened on the prospect of increased supply in longer-dated debt after the Treasury Department said it would borrow more in the third quarter than previously anticipated. Asia futures mixed as gold prices hold near record peak 2020-08-05T04:00:00Z A steepening curve, when longer-dated yields rise faster than shorter-dated ones, generally signals a bright economic outlook. Fed meeting expected to leave U.S. bond-stock relationship out of whack 2020-07-27T04:00:00Z Bond yields have also risen as the Treasury ramps up its sales of long-dated debt while the Federal Reserve reduces its bond purchases, leaving more bonds to be absorbed by investors. Bonds falter as blazing stock rally lures investors 2020-06-05T04:00:00Z In the aftermath of the 2007-2009 financial crisis and recession, the Fed employed Operation Twist, an initiative that involved selling short-dated notes and buying long-dated bonds. Jump in 30-year Treasury yield raises expectations of Fed purchases 2020-08-31T04:00:00Z The steepening — when longer-dated yields rise faster than short-tenor ones — signals a brighter growth outlook. Take Five: Bulls charge past hurdles 2020-06-05T04:00:00Z Treasury yields jumped to three-week highs on Wednesday after the government sharply increased the size of its long-dated debt auctions to finance its expanding deficit. Asia stocks set to track soft Wall Street lead amid pandemic worries 2020-05-06T04:00:00Z Insurance companies, pension funds and central banks are also buyers of long-dated debt, but analysts wondered whether these investors would support the Treasury market if the Fed is no longer buying. Taper Tantrum II? Fed's slowing Treasury purchases may boost bond yields 2020-04-27T04:00:00Z As the U.S. government also increases sales of longer-dated debt, however, it is at risk of having to pay higher yields to sell the debt, especially if market conditions worsen. U.S. Treasury market faces structural issues even as liquidity improves 2020-04-22T04:00:00Z Because interest rates were already near zero, the Fed bought long-dated bonds to tamp down yields and thereby stimulate growth and encourage borrowing. Jump in 30-year Treasury yield raises expectations of Fed purchases 2020-08-31T04:00:00Z Andrew Sheets, chief cross-asset strategist at Morgan Stanley, said a steeper U.S. yield curve should be welcomed because long-dated borrowing costs rising more than short-dated ones implied better growth prospects ahead. Government borrowing costs jump as virus-related support costs climb 2020-03-18T04:00:00Z Stock indexes continued to plummet and long-dated U.S. Standard U.S. economic weapons may be inadequate for coronavirus crisis 2020-03-06T05:00:00Z It will issue long-dated government bonds - IOUs which attract an interest rate, but won't have to be paid back for many years. Labour's economic plan in 10 points 2019-11-07T05:00:00Z Many longer-dated issues added around 1.5 cents in the dollar on Monday. Lebanon bonds extend rally 2019-11-04T05:00:00Z Amid financial market volatility, the interest rates on some long-dated government bonds recently slipped below the level for short-term debt, causing a so-called “inverted yield curve,” widely viewed as a recession indicator. Stock investors see silver lining in Fed's rate-cut pause 2019-10-30T04:00:00Z The bank has tried to shed some of those assets, which include longer-dated derivatives, over the past three years. Exclusive: Deutsche Bank has discussed adding assets to bad bank if... 2019-09-19T04:00:00Z Elsewhere in bond markets, core longer-dated euro zone bond yields tumbled as the Saudi developments and the poor data from China helping boosted demand for safe-haven assets. Oil soars, stocks dip after Saudi supply shock 2019-09-16T04:00:00Z Interest rates on short-term government securities exceeded those on longer-dated bonds — a reliable recession indicator that suggests investors are pessimistic about the economic outlook. Will America Talk Itself Into a Recession? Trump’s Advisers Are Worried 2019-08-30T04:00:00Z Fixed-income assets, including long-dated interest rate and credit derivatives, accounted for 79 billion euros. BNP Paribas plans bid for Deutsche Bank's equity derivatives 2019-08-29T04:00:00Z Fears that the global economy is weakening are stalking the bond markets again today, with the yield on long-dated 30-year US debt at an all-time low. Markets rally as China calls for calm in trade war - business live 2019-08-29T04:00:00Z Deutsche Bank needs more capital to be able to absorb the losses that will likely come from shedding problematic assets, such as long-dated derivatives, that are still on its books, the people said. Exclusive: Deutsche Bank has discussed adding assets to bad bank if... 2019-09-19T04:00:00Z It means that traders are accepting a lower interest rate to hold longer-dated bonds than the shorter-dated alternative. Warning signs for global economy: the countries spooking investors 2019-08-16T04:00:00Z Key to the restructuring is the creation of a ‘bad bank’ to house 288 billion euros of unwanted assets earmarked for sale or wind-down, including equity derivatives and long-dated interest rate and credit derivatives. Exclusive: Deutsche Bank faces $1.1 billion bill to exit derivatives 2019-08-02T04:00:00Z However, its long-dated interest rate and credit derivatives are expected to be much harder to offload, the sources said. Exclusive: Deutsche Bank's problem derivatives cloud recovery -... 2019-07-23T04:00:00Z The proposed bad bank, which is known internally as the non-core asset unit, will comprise mainly of long-dated derivatives, FT reported, citing people familiar with the matter. Deutsche Bank to shrink or shut U.S. equity and trading businesses: FT 2019-06-16T04:00:00Z When the curve is inverted, yields on shorter-dated bonds are higher than those on longer-dated bonds. Trump needs to make peace with China and get a cut in interest rates | Larry Elliott 2019-05-29T04:00:00Z After all, an inverted yield curve, when longer-dated yields drop below shorter maturities, have proved to be fairly reliable predictors of U.S. recessions in the past. Take Five: The shape of you - world market themes for the week ahead 2019-03-29T04:00:00Z After that, it will attempt to sell portfolios of long-dated interest rate and credit derivatives. Exclusive: Deutsche Bank faces $1.1 billion bill to exit derivatives 2019-08-02T04:00:00Z If long-dated Treasury yields continue to decline the Fed may cut rates as a proactive move to stave off recession. Fed rate cut seen nearer as yield curves invert 2019-03-25T04:00:00Z The yield curve flattens as the gap between short and long-dated yields narrow, suggesting investors’ worries about a slowing economy. Flattening U.S. yield curve in late 2018 'flashing red' on economy:... 2019-02-22T05:00:00Z More than $1.1 billion poured into the fund, which invests in longer-dated U.S. government bonds. In this mess of a market, havens like gold and U.S. bonds are making a comeback 2019-01-03T05:00:00Z The Fed holds about $4 trillion in Treasuries and mortgage-backed securities on its balance sheet, the majority of them in longer-dated maturities. U.S. yield curve to invert in 2019, recession to follow: Reuters poll 2018-12-12T05:00:00Z When short-term yields climb above longer-dated ones, it signals short-term borrowing costs are more expensive than longer-term loan costs. Explainer: What is an inverted yield curve? 2018-12-06T05:00:00Z While it has been shrinking its holdings for more than a year, its bond portfolio remains the world’s largest and is seen as a force in suppressing longer-dated yields. One part of the U.S. yield curve just inverted; what does that mean? 2018-12-06T05:00:00Z The yield curve inverts when shorter-dated yields rise above longer-dated ones. Flattening U.S. yield curve in late 2018 'flashing red' on economy:... 2019-02-22T05:00:00Z An inverted curve—short-dated bonds offering greater nominal returns than their longer-dated peers—is often interpreted as a signal of a looming recession. Flatter Yield Curves Aren’t Always Bad News—but This One Is 2018-12-05T05:00:00Z Treasury yield curve - a result of a steep fall in longer-dated yields - fanned recession jitters and as U.S.-China trade conflict woes resurfaced after a temporary lull. Stocks fall as declining U.S. yields, trade woes knock sentiment 2018-12-04T05:00:00Z That implies a yield of about 5.15% for the longer-dated security. Baidu Leads Asian Borrowers in Search for Bond Buyers 2018-11-08T05:00:00Z Gains in longer-dated notes were limited due to worries about rising inflation pressures and further U.S. Dow, S&P 500 fall as dollar rises, yield curve flat 2018-10-22T04:00:00Z Investors scaled back bearish bets on longer-dated U.S. government debt this week, suggesting less selling pressure on Treasuries, according to a survey released by J.P. World stocks rebound with earnings in focus; oil slips 2018-10-16T04:00:00Z U.S. long-dated Treasury yields rose again in extension of a trend over the last few weeks fueled by solid U.S. economic data that reinforced expectations of multiple interest rate hikes over the next 12 months. S&P tumbles 3 percent as U.S. yields soar, investors shun risk 2018-10-10T04:00:00Z A flatter curve is seen as an indicator of a recession, with lower longer-dated yields suggesting that the markets see economic weakness ahead. Stocks fall as declining U.S. yields, trade woes knock sentiment 2018-12-04T05:00:00Z U.S. long-dated Treasury yields slipped from multi-year highs in choppy trading as investors took a breather from selling last week. Stocks climb, with Wall Street lifted by tech, bond yield retreat 2018-10-09T04:00:00Z U.S. long-dated Treasury yields slipped, in tandem with those in Europe, as Brexit talks stalled between Britain and the European Union. Receding trade fears propel stocks to six-month peak 2018-09-21T04:00:00Z Still, investors remained cautious about the next steps in the U.S.-Sino trade dispute, driving long-dated U.S. Stocks hit new highs as trade worries ease, dollar slips 2018-09-20T04:00:00Z Still, investors remained cautious about the next steps in the U.S.-Sino trade war, driving long-dated U.S. World stocks climb as trade concerns ease, dollar slips 2018-09-20T04:00:00Z Meanwhile, long-term yields in part have been held lower by crisis-era stimulus efforts in which the central bank bought long-dated securities to depress their yields. Fed’s Williams Says Yield Curve Not Deciding Factor in Setting Rates 2018-09-06T04:00:00Z The belief that supply will fall short of demand is reflected in the futures market when the price of a prompt-dated contract rises above that of a longer-dated one, a situation known as backwardation. Now you see it, now you don't: oil surplus vanishes ahead of Iran... 2018-08-30T04:00:00Z The company’s longer-dated convertible debt would earn an additional premium above par if Tesla were taken private. Investors in Tesla bonds show skepticism on buyout 2018-08-22T04:00:00Z Second, the spread of long-dated Treasury yields over short-dated ones is at a decade low. When Will Trade Battles End? Watch Economies, Not Politicians 2018-07-11T04:00:00Z Inflation poses a risk to bonds, and especially longer-dated ones, because it erodes the purchasing power of fixed-interest and principal payments. Tax Wrinkle Spurs Pension Funds to Buy More Treasurys 2018-07-05T04:00:00Z Mr. Williams was responding to a question about the narrowing in the difference between short- and long-dated Treasury yields. Fed’s Williams Says Yield Curve Not Deciding Factor in Setting Rates 2018-09-06T04:00:00Z Bank profits are boosted by a steepening yield curve, when the gap is widening between short-dated treasury yields and long-dated treasury yields. Bank investors await U.S. stress test results for capital returns 2018-06-21T04:00:00Z Actually, there is a large class of investors for whom long-dated Treasuries have an almost unique virtue. Why even bears about the government-bond market can find merit in Treasuries 2018-05-24T04:00:00Z The minutes showed officials also discussed the flattening yield curve, or the shrinking gap between the yields on long-dated Treasury bonds and short-term securities. Fed on track to raise interest rates in June on belief economy remains in good shape 2018-05-23T04:00:00Z Higher bond prices and lower yields tend to narrow the gap between short- and long-dated Treasury notes and crimp lenders’ profits. Stocks Plummet Amid Rising U.S.-China Trade Tensions 2018-04-06T04:00:00Z Prices for longer-dated U.S. government bonds initially fell after the data, but later marginally rose. Firming U.S. jobs market lures discouraged workers 2016-04-01T04:00:00Z Prices for longer-dated U.S. government bonds were trading higher, while stocks on Wall Street were mixed. Surge in imports helps curb U.S. fourth-quarter economic growth 2018-02-28T05:00:00Z The answer is that long-dated bonds offer the prospect of a bigger capital gain should recession strike. Why even bears about the government-bond market can find merit in Treasuries 2018-05-24T04:00:00Z Following Powell’s remarks, the margin between U.S. shorter- and longer-dated yields narrowed. Fed chair's debut wins Wall Street praise despite stock drop 2018-02-27T05:00:00Z Spot and long-dated prices often do not move together. For timing of Aramco IPO, watch forward oil price curve 2018-02-18T05:00:00Z JAPAN: Bank of Japan unexpectedly cut its purchases of long-dated Japanese government bonds, sending the Japanese yen higher against the U.S. dollar. Asian shares mixed after Wall Street rally fizzles 2018-01-10T05:00:00Z Prices for longer-dated U.S. government bonds were trading higher, while stocks on Wall Street were mixed. Surge in imports helps curb U.S. fourth-quarter economic growth 2018-02-28T05:00:00Z In the currency market, the yen maintained the gains it made the previous day after the Bank of Japan trimmed the amount of its buying in long-dated bonds. Asian shares just shy of 2007 peak on earnings optimism 2018-01-09T05:00:00Z Following Powell’s remarks, the margin between U.S. shorter- and longer-dated yields narrowed. Fed chair's debut wins Wall Street praise despite stock drop 2018-02-27T05:00:00Z Spot and long-dated prices often do not move together. For timing of Aramco IPO, watch forward oil price curve 2018-02-18T05:00:00Z Elsewhere, the spread of U.S. shorter-dated and longer-dated Treasury yields contracted to its slimmest in a decade after the Fed upgraded U.S. growth forecasts last week, but left its inflation view unchanged. Asian shares rise amid US tax cut hopes; pound struggles 2017-12-17T05:00:00Z Meanwhile, central bankers, including at the Fed, are being much more transparent in communicating their intentions, meaning there is less compensation in longer-dated yields for uncertainty about future interest rates. Stop Worrying About the Flattening Yield Curve 2017-12-14T05:00:00Z In the currency market, the yen maintained the gains it made the previous day after the Bank of Japan trimmed the amount of its buying in long-dated bonds. Asian shares just shy of 2007 peak on earnings optimism 2018-01-09T05:00:00Z “We’re pretty comfortable with the monetary policy outlook for Asia,” said Bryan Collins, portfolio manager, fixed income, at Fidelity International, who sees opportunities in long-dated Asian debt. Breaking slow: Asia set to raise rates next year, but still lag Fed 2017-12-06T05:00:00Z As central banks cut back their quantitative easing, pushing up the premiums investors demand to hold longer-dated bonds, returns are “likely to be lower across assets” over the medium term, the analysts said. Business recap: Week of Nov. 27 2017-12-01T05:00:00Z Elsewhere, the spread of U.S. shorter-dated and longer-dated Treasury yields contracted to its slimmest in a decade after the Fed upgraded U.S. growth forecasts last week, but left its inflation view unchanged. Asian shares rise amid US tax cut hopes; pound struggles 2017-12-17T05:00:00Z “But he saw it” — Goldman — “as a great, long-dated franchise to get involved with.” Inside the Race for the Top Job on Wall Street 2017-11-22T05:00:00Z Such a move was likely to ensure inflation stays lower for longer, thus pulling down longer-dated yields and flattening the curve. Asia stocks pause at peaks, ponder U.S. tax muddle 2017-11-07T05:00:00Z “We’re pretty comfortable with the monetary policy outlook for Asia,” said Bryan Collins, portfolio manager, fixed income, at Fidelity International, who sees opportunities in long-dated Asian debt. Breaking slow: Asia set to raise rates next year, but still lag Fed 2017-12-06T05:00:00Z Annuity rates follow the yields - or interest rates - on long-dated government bonds, otherwise known as gilts. What will the rate rise mean for you? 2017-11-02T04:00:00Z Yields on longer-dated bonds also soared as Trump’s tax proposal stoked worries about fiscal deterioration. Stocks, bond yields, dollar up after Trump tax plan 2017-09-27T04:00:00Z Treasury bills maturing on or near the perceived deadline for the debt ceiling to be raised were under pressure, with their yields rising even as longer-dated Treasury yields fell. Trump government shutdown threat rattles markets 2017-08-23T04:00:00Z Such a move was likely to ensure inflation stays lower for longer, thus pulling down longer-dated yields and flattening the curve. Asia stocks pause at peaks, ponder U.S. tax muddle 2017-11-07T05:00:00Z To be sure, long-dated bonds are susceptible to larger drops in price should interest rates rise. When the Trump Agenda Loses Steam, Muni Bonds Gain Momentum 2017-07-14T04:00:00Z "This, to me, leaves long-dated gilts looking vulnerable". British bonds buoyed by Brexit risks, but prone to inflation burn 2017-03-28T04:00:00Z Yields on longer-dated bonds also soared as Trump’s tax proposal stoked worries about fiscal deterioration. Stocks, bond yields, dollar up after Trump tax plan 2017-09-27T04:00:00Z Treasury bills maturing on or near the perceived deadline for the debt ceiling to be raised were under pressure, with their yields rising even as longer-dated Treasury yields fell. Trump government shutdown threat rattles markets 2017-08-23T04:00:00Z Bank investors watch the difference between yields in short-term bonds and long-dated bonds as a narrowing of this gap shrinks bank profits. U.S. bank stocks fall as investor hope wanes for policy boosts 2017-03-21T04:00:00Z The price is some 15 percent higher, around $57 a barrel, but for the first time since April last year this front-month contract is on the verge of trading above the price of longer-dated futures. Oil futures suggest bullish funds' big bet on price may pay off 2017-02-24T05:00:00Z By June the column was telling investors not to rely on the hefty capital gains being produced by long-dated bonds. The Best and Worst Europe Calls of 2016 2016-12-29T05:00:00Z But the most remarkable development of the year—the widespread emergence of negative bond yields even for long-dated securities—is leaving a legacy that will persist. Paying to Lend: The Negative-Yield Story of 2016 2016-12-27T05:00:00Z The same goes for Mr. Mnuchin’s speculation about new longer-dated bonds. How to Play the Trump Stock Market Rally 2016-12-09T05:00:00Z Rather than spend, many companies are instead locking in cheaper funding in longer-dated bonds. European Companies Happily Take ECB’s Cheap Cash, but Don’t Spend It 2016-11-22T05:00:00Z The stampede from bonds propelled longer-dated U.S. yields to their highest levels since January, with the 30-year yield posting its biggest weekly increase since January 2009. Dollar on high as U.S. yields rise, Asia shares mixed 2016-11-13T05:00:00Z Higher inflation lowers the relative value of bonds, with long-dated debt the most vulnerable to inflation expectations. Trump victory prompts U.S. fund managers to focus on inflation 2016-11-11T05:00:00Z But a selloff reverses that process and creates problems: the more shorter-maturity bonds qualify for ECB purchase, the less support there is for longer-dated bonds. The Worrying Weak Point for Super-Strong Bonds 2016-10-28T04:00:00Z U.S. stock index futures edged up and longer-dated U.S. U.S. business spending tepid; labor market firming 2016-10-27T04:00:00Z Asian shares dipped on Monday while the dollar held firm near seven-month high against a basket of major currencies after comments from Federal Reserve Chair Janet Yellen boosted long-dated U.S. bond yields. Asian shares dip, dollar at seven-month high after Yellen comments 2016-10-16T04:00:00Z That leaves bond buyers taking risk without getting much by way of return: the flow of issuance is generating a growing stock of ultralow coupon, long-dated debt. Bond Markets: The Uneven Playing Field Facing Investors 2016-10-10T04:00:00Z U.S. stock futures were trading slightly higher and prices for longer-dated U.S. U.S. Trade Deficit Widens in August on Higher Imports 2016-10-05T04:00:00Z It fell £52m short of its £1.17bn target to buy long-dated government debt, which has driven up prices and pushed down the return to investors. Brexit Watch: At-a-glance day-by-day summer briefing - BBC News 2016-09-01T04:00:00Z Asian shares held near 14-month highs, while Japanese bond yields fell as investors continued to debate the Bank of Japan's new policy scheme, which will seek to keep longer-dated yields around zero. Global stocks head for best week since July despite mixed mood 2016-09-22T04:00:00Z Treasury yields were supported in early trade as investors bought longer-dated bonds on uncertainty over the outcome of the BOJ meeting. Asia stocks pull ahead, investors on edge before Bank of Japan verdict 2016-09-20T04:00:00Z Now both the ECB and BOJ are working on potential changes to their policy mix: In both cases, investors fear they will be less supportive of long-dated bonds. Paradise Lost: Why the Good Times Are Over for Global Bonds 2016-09-14T04:00:00Z Policymakers got a taste of how markets might react to that this week as investors dumped longer-dated bonds on fears the BOJ will slow the pace of its purchases. BOJ to make negative rates centrepiece of future easing: sources 2016-09-14T04:00:00Z Buying more of slightly longer-dated bonds may prove the most appealing option. Bank of Japan Has Enlarged Target in Corporate Bonds 2016-09-12T04:00:00Z In a world of 2% long-dated Treasury yields, the pension managers operate under the fanciful assumption that they can, on average, generate annual returns in excess of 7.5%. Hostage to a Bull Market 2016-09-09T04:00:00Z Despite their recent surge, longer-dated private-equity funds are likely to remain a niche. The Omaha play 2016-09-08T04:00:00Z That is unusual, since longer-dated debt is riskier from a credit perspective than debt that will be repaid relatively quickly. Europe’s Bond Market: Even Further Through the Looking Glass 2016-09-07T04:00:00Z Moreover, these are longer-dated bonds, which tend to be much more sensitive to interest-rate changes than shorter-term debt. 8 Cheap ETFs That You Won't Regret 2016-09-01T04:00:00Z The long-dated yield curve had flattened to the lowest in one-and-a-half years on Tuesday. Wall Street stocks retreat, oil tumbles on oversupply concerns 2016-08-23T04:00:00Z The gilts are heavily owned by insurance firms and pension funds who need long-dated assets to match their liabilities. BOE Gets Its Way on Bond Buying—for Now 2016-08-16T04:00:00Z Investors might be reluctant to sell long-dated debt because it offers the highest returns in the current environment, and there was a dearth of issuance in that sector during the summer, he added. After resuming QE, Bank of England fails for first time to meet bond-purchase target 2016-08-09T04:00:00Z Treasury yields surged on the Japanese fiscal stimulus measures, dampening demand for U.S. government debt and sending long-dated U.S. yields to their highest levels in more than a week. Global stocks slip on Japan fiscal stimulus approval, yen rallies 2016-08-01T04:00:00Z Second, the U.K. market is unusual in that it contains a lot of long-dated bonds. Why It Has Been a Sterling Year for Corporate Bond Markets 2016-08-01T04:00:00Z The Fed's latest policy statement spurred traders to favor longer-dated U.S. Asia stocks edge higher, dollar down after Fed meeting 2016-07-27T04:00:00Z On Tuesday, however, the BOE found it easy to buy long-dated bonds. BOE Gets Its Way on Bond Buying—for Now 2016-08-16T04:00:00Z Fed's "Operation Twist" under which the BoE would sell long-dated stock of gilts and replace them with short-dated bonds, which could help homeowners. Bank of England readies new blast of QE for post-Brexit Britain 2016-07-13T04:00:00Z On Wednesday, U.S. benchmark and long-dated Treasury yields hit record lows, with some investors betting the Fed would keep rates on hold through 2017. Fed minutes suggest rate hikes on hold until Brexit impact clearer 2016-07-06T04:00:00Z They plan to issue up to £20bn of long-dated bonds each year for five successive years to create the fund. Tory contender Stephen Crabb pledges £100bn fund - BBC News 2016-07-03T04:00:00Z The dollar fell against a basket of currencies, while prices for longer-dated U.S. government debt rose. U.S. consumer spending rises, Brexit casts shadow on outlook 2016-06-29T04:00:00Z They are already their flattest for years around the developed world, meaning the premium investors expect for holding longer-dated bonds is shrinking. Tracing the global market thread that could be unraveled by Brexit 2016-06-19T04:00:00Z The action in long-dated bonds highlights the conundrum faced by investors. Global Bonds: Even Further Through the Looking Glass 2016-06-16T04:00:00Z To see this clearly, consider the returns on high-yield corporate bonds versus long-dated sovereign debt in the eurozone, where quantitative easing is in full flow and interest rates are set to remain on the floor. What Happens When Bond Investors Act Like Stock Jockeys 2016-06-01T04:00:00Z It holds more long-dated assets than some peers and more fixed-rate mortgages. Wells Fargo Curbs Bank-Stock Enthusiasm 2016-05-30T04:00:00Z Investors reaching for yield are buying more longer-dated debt: 22% of issuance so far this year will mature in 10 years or more, according to SG. The Bond Boom: Don’t Buy Everything Companies Are Selling 2016-05-17T04:00:00Z Yield curves, the difference between short- and longer-dated bond borrowing costs, would flatten further. Tracing the global market thread that could be unraveled by Brexit 2016-06-19T04:00:00Z Producer hedging has pressured longer-dated contracts, contributing to the narrower spread. Oil rally suggests supply worries wane, but for how long? 2016-05-17T04:00:00Z Moreover, 90% of the returns on long-dated government bonds are down to capital gains, while the picture is far more balanced for high-yield bonds, where more than half the return is down to coupon payments. What Happens When Bond Investors Act Like Stock Jockeys 2016-06-01T04:00:00Z As to determining which municipalities will not be able to make their payments for longer-dated bonds, investors can look to the recent past for a lesson — few of the problems cropped up overnight. Municipal Bond Defaults Shake Up a Once-Sedate Market 2016-04-22T04:00:00Z On the other hand, inflation isn’t quite as quiescent as investors might be hoping, a particular concern for long-dated bonds. Why Investors Should Beware the Gulf Between Stocks and Bonds 2016-04-13T04:00:00Z That coincided with the government cutting back on longer-dated Treasury issues. Tighter supply, tougher rules rattle key U.S. funding market 2016-04-13T04:00:00Z Until the RBI says more, investors should tread carefully into longer-dated bonds. How the Reserve Bank of India’s Policy Might Finally Be Paying Off 2016-04-05T04:00:00Z The yield has fallen around half a percentage point since the start of the year, with even larger declines recorded for longer-dated bonds. Why Investors Are Crazy to Chase This Bond Yield Lower 2016-04-05T04:00:00Z Another red light is flashing on the global dashboard: long-dated bond yields are sliding and yield curves flattening. Markets Flash Another Warning: Falling Bond Yields 2016-01-20T05:00:00Z In one example last year, ATP took advantage of a spike in long-dated interest-rate volatility after a sharp selloff in eurozone government bonds last spring. Investors in Market Volatility Enjoy Wild Ride 2016-01-12T05:00:00Z The intention of QE is to buy enough long-dated debt to lower long-term borrowing rates, thereby getting around the interest-rate floor. Exit, pursued by bear 2015-12-30T05:00:00Z That tends to draw investors back into bond markets at the expense of stocks and pushes up the price of longer-dated government bonds. Oil and Asian stock markets fall again 2015-12-28T05:00:00Z The relative stasis in longer-dated yields at low levels, however, means that the outlook for returns in 2016 is limited. Bond-Market Blues: The Fading Lure of Treasurys, Bunds and Gilts 2015-12-18T05:00:00Z The price of long-dated bonds gained, with yields falling Thursday on the back of the Fed’s signaling that the pace of rate rises would be gradual. Fed Move Adds to Pressure on Commodities 2015-12-17T05:00:00Z But contracts expiring this month are sharply higher than longer-dated futures. Ahead of the Fed: Tectonic Shifts in Bonds, Oil and the Dollar 2015-12-13T05:00:00Z Normally, short-dated yields such as two-year yields are lower than longer-dated ones like 10-year yields, as investors demand a premium for taking on risk several years into the future. Watch for U.S. recession, zero interest rates in China next year, Citi says 2015-12-02T05:00:00Z Earlier this month longer-dated bases that corporates use more, such as 5- or 7-year rates, hit their highest in almost four years. Collapsing cost of euro funding lures U.S. firms over the ocean 2015-11-27T05:00:00Z Treasuries prices rose as a solid two-year note auction renewed demand for longer-dated bonds. Dollar hits eight-month high on rate views, metals sink 2015-11-22T05:00:00Z U.S. shares ceded gains on Tuesday after a soccer match in Germany was called off over fears of a planned bomb attack, while prices of longer-dated U.S. U.S. stocks lose gains after German bomb scare; oil drops 2015-11-16T05:00:00Z As investors gear up for more stimulus from the European Central Bank, short-term bonds in the eurozone are on a tear, while investors are much more cautious about longer-dated debt. ECB Quantitative Easing Losing Its Power to Pack a Punch in Markets 2015-11-14T05:00:00Z Prices for longer-dated United States government bonds fell. Upbeat News in Jobs Data and Rate of Home Resales 2015-10-22T04:00:00Z Once the Fed begins raising rates, this could affect longer-dated bonds. 4 Ways Rising Interest Rates Will Affect Your Investments 2015-10-09T04:00:00Z Were a selloff to occur in the event of a shutdown, it could create safe-haven bids for longer-dated Treasuries. Shutdown could lead to volatility spike 2015-09-25T04:00:00Z Treasuries prices rose on Tuesday after data showing weakness in the Chinese and U.S. manufacturing sectors fueled safe-haven bids, while possible selling of long-dated Treasuries by foreign central banks capped those bonds' gains. India Morning Call-Global Markets 2015-09-01T04:00:00Z The Greek yield curve remains slightly inverted, with short-dated yields above long-dated yields, a sign of continuing distress. Rebuilding Bonds With Greece’s New Bailout 2015-08-17T04:00:00Z Increasingly, too, longer-dated yields may be affected by global factors. German Bonds Shouldn’t Rerun First-Quarter Rally 2015-08-10T04:00:00Z But Still, long-dated futures are typically a poor indicator of where prices are headed. Oil Futures Signal Weak Prices Could Last Years 2015-08-10T04:00:00Z The reason for the deterioration of the forward curve and decline in "long-dated" futures is a subject of debate. Oil bulls' hope for quick price dip dimmed by 2020 crude under $70 2015-08-05T04:00:00Z If U.S. shale drillers - the world's new 'swing' producers - can still turn a profit at below $60 a barrel, then the fall in long-dated oil prices may be rational. Oil under $60 beyond 2016 suggests market rethinking shale 2015-07-08T04:00:00Z E.g. the difference between U.S. and German long-dated government yields was close to a 30-year high, and remains so today. Three Things To Buy After Greece Restructures Or Defaults On Its Debt 2015-06-04T04:00:00Z U.S. stock indexes were little changed, while prices for longer-dated U.S. government bonds rose. U.S. factory, consumer confidence data darken second-quarter outlook 2015-05-15T04:00:00Z If banks price these reserves based on long-dated futures prices, their value could drop significantly in the coming review, analysts said, shrinking the amount of money that production companies can borrow based on those reserves. Oil Futures Signal Weak Prices Could Last Years 2015-08-10T04:00:00Z Thirty-year paper suffered even more as investors all but went on a buying strike to protest the paltry returns paid by such long-dated debt. Slump in bonds spooks stock markets, commodities surge 2015-05-05T04:00:00Z Investors have also been tempted by a rush of longer-dated issuance from major corporates which offer better returns, leading them to pare back sovereign holdings. Asia makes tentative start to event-full week 2015-05-03T04:00:00Z Foreigners' interest in Treasuries as the European Central Bank begins a one-trillion-euro bond purchase program may help keep longer-dated yields a bit lower. Investors see higher yields as U.S. jobs data resets Fed calculus 2015-03-11T04:00:00Z U.S. stocks were trading marginally lower, while prices for the longer-dated 30-year bond rose. What Inflation? Consumer Prices Drop With Gas Decline 2015-02-26T05:00:00Z Investors looking to match long-dated liabilities with long-dated assets are struggling to find the appropriate solution. Muni Infrastructure Bonds: Firm Foundations For Long-Term Investors 2015-02-18T05:00:00Z Conventional bond theory tells us that being in long-dated U.S. Why Shortening Duration Of Fixed-Income Assets May Not Be The Right Move 2015-02-03T05:00:00Z If investors want to get defensive on rates without sacrificing income, then an active approach is required—in the team’s opinion, emphasizing longer-dated, higher-coupon bonds and de-emphasizing low-coupon, short dated issues. 5 Reasons To Own Muni Bonds In 2015 2015-01-20T05:00:00Z Prospects that the Fed might tighten this summer is driving more money out of funds focused on long-dated Treasuries. Investors see higher yields as U.S. jobs data resets Fed calculus 2015-03-11T04:00:00Z The market expects it to adopt a policy of quantitative easing, which should reduce the yields on long-dated bonds, giving a boost to European financial markets. Chaos in the Currency Markets 2015-01-17T05:00:00Z With fears of deflation rampant, yields on longer-dated Japanese, German, French, Dutch, Austrian, Belgian, Finnish, Canadian and Australian bonds all touched record lows. Global stocks spooked by oil rout, euro faces inflation trial 2015-01-07T05:00:00Z My recommendation was thus to hedge any equity positions with a long-dated US zero. The Flat Debt Society 2014-10-21T04:00:00Z Meanwhile, leveraged ETFs, which try to double the performance of key averages, are doing worse – a popular leveraged bond ETF that bets on higher long-dated yields has lost 16 percent in the last 20 days. Top investors, strategists take pummeling in Wall St sell-off 2014-10-16T04:00:00Z Its yield against long-dated yields grew to its widest in more than two months, suggesting traders see the pace of rate increases to be faster than they had thought. Investors see higher yields as U.S. jobs data resets Fed calculus 2015-03-11T04:00:00Z Some warier investors were looking at longer-dated options. Bank derivatives boom ahead of ECB test results as investors play safe 2014-09-30T04:00:00Z The Federal Reserve is expected to stop buying long-dated bonds this October. The Hidden Inflation Risk in Ending the Fed's Bond-Buying Program 2014-07-15T04:00:00Z Authorities aborted two auctions of longer-dated bonds due to high yields and concerns of risk-averse portfolio investors. Once a model for Africa, Ghana's economy loses its shine 2014-06-13T04:00:00Z Looking at longer-dated S&P 500 index options paints a slightly different story. Is The Market Operating On Borrowed Time? 2014-06-02T04:00:00Z That is due in part to the maturity mismatch between short-dated WMPs and longer-dated bonds and the loans that underlie them. China issues rules to limit bond investment by shadow bank products 2014-02-13T09:35:43Z Most trading in long-dated futures is driven by hedging activity, not the kind of fund speculation, investment flows, or short-term fundamentally driven deals that make prompt contracts more volatile, traders say. Analysis: As U.S. debates oil exports, long-term prices slump below $80 2014-02-03T10:09:50Z They are also mostly in the mid- to longer-dated bonds, which Costa says is most correlated with the rouble rate. Russia rouble float may hurt investors now but help in long run 2014-01-15T18:53:38Z So far, longer-dated bill rates have stayed put. Analysis: U.S. race to clinch debt sales may prove costly 2013-10-14T19:57:31Z But longer-dated Tepco bonds still show a significant discount to their face value, with 2040 bonds trading at 70 cents on the dollar, up from around 50 cents two years ago. For "zombie" Fukushima operator, fresh financing masks long-term woes 2013-10-06T21:01:51Z They should embrace QE's end as it would allow interest rates on longer-dated government debt to rise and provide banks the incentive to increase lending, a cornerstone of economic growth, Fisher said. As Wall Street fears persist, so may stock rally: Ken Fisher 2013-09-19T19:40:11Z The drop in so-called "long-dated" U.S. oil futures extends a broad decline that has pushed prices as much as $15 lower in two years. Analysis: As U.S. debates oil exports, long-term prices slump below $80 2014-02-03T10:09:50Z Dell's long-dated outstanding bonds took a massive hit when news of the takeover broke in January. Investors brace for Dell's high profile jumbo LBO financing 2013-08-30T17:59:28Z Under new international capital rules known as Basel III, longer-dated derivatives trades need to be supported by more capital than short-term positions. Insight: Trades from 1990s come back to haunt Wall Street 2013-08-26T11:04:10Z Measures by the Reserve Bank of India late on Tuesday to support longer-dated credit sent prices of beaten-down bonds sharply higher but also led traders to question the central bank's resolve in defending the currency. Indian rupee at record low again despite RBI intervention 2013-08-21T10:54:40Z Once this laddered portfolio is established, invest in long-dated maturities, which almost always provide the highest yield. Letters: Reducing Risk in Bond Investing 2013-07-13T21:02:22Z That is an unusually abrupt move for longer-dated contracts that are typically much less volatile than prompt crude. Analysis: As U.S. debates oil exports, long-term prices slump below $80 2014-02-03T10:09:50Z U.S. stock index futures pared gains on the report, while prices for longer-dated U.S. government bonds rallied, with the 30-year bond rising a full point. U.S. first-quarter growth cut to 1.8 percent 2013-06-26T13:18:17Z In the 1990s, insurers with high credit ratings would often trade long-dated swaps from their derivatives subsidiaries. Insight: Trades from 1990s come back to haunt Wall Street 2013-08-26T11:04:10Z Many are also based on long-dated assets, so when payouts are due to investors, banks often raise cash by issuing new products - or by borrowing in the interbank market. Analysis: China cash squeeze exposes risks from short-term funding 2013-06-21T09:42:22Z "It seems many investors who bought the longer-dated tranches didn't realize that they were essentially buying rate risk," said a senior portfolio manager of a total return fund. Investors hit hard as Apple bonds tank 2013-06-20T21:47:24Z Among active clients, who are viewed as making speculative bets in Treasuries, 77 percent said their longer-dated Treasuries holdings matched their benchmarks, up from 61 percent the prior week. More investors hold bullish U.S. bond bets before FOMC: survey 2013-06-18T14:34:28Z Whilst the net debt reduction was critical to address the credit rating, the long-dated nature of the debt means that gross debt reduction and interest cost savings are limited. FirstGroup slides as UBS cuts price target amid £615m rights issue 2013-06-17T10:16:41Z Ultra-low interest rates have fuelled record issuance of new debt, but they have also helped reduce the risk of debt default as many companies refinanced outstanding debt into longer-dated maturities. Analysis: Asia's ticking time bonds; Time to cut and run? 2013-06-12T05:28:15Z Due largely to their own regulatory pressures, the big insurance and pension funds are being increasingly herded away from equity and long-dated credit into either government and high-grade corporate bonds where yields are evaporating. Analysis: Boosting European lending without banks 2013-05-01T05:52:45Z U.S. stock index futures fell after the report, while prices for longer-dated U.S. government bonds rose. Weak durable goods orders point to sluggish economy 2013-04-24T13:11:34Z The rebound in Treasuries longs likely stemmed from bargain-minded investors who bought them after their longer-dated yields rose to 14-month highs last week. More investors hold bullish U.S. bond bets before FOMC: survey 2013-06-18T14:34:28Z Lebanon sold $1.1 billion of long-dated bonds last week, however, suggesting investors remain committed to the country. Syrian refugees burden and benefit for Lebanese economy 2013-04-17T14:50:54Z Yields are also sensitive to the term of borrowing, with longer-dated debts costing more. Rutgers scandal could cost New Jersey taxpayers millions more 2013-04-12T21:54:29Z With so many investors pouring money into bonds of all stripes, banks are not earning the returns on longer-dated securities that they would hope for even in the near term. Analysis: Small and mid-sized banks face interest-rate struggles 2013-03-20T11:22:07Z An inverted curve, when short-dated yields are higher than the long-dated ones, is the clearest sign of a distressed debt market. Analysis: Cracks starting to appear in solid Italy bond market 2013-03-15T12:32:10Z By holding more longer-dated Treasuries, investors add duration or interest rate risk to their portfolios in anticipation of a market rally when longer-dated bonds generate higher returns than shorter-dated debt. More investors hold bullish U.S. bond bets before FOMC: survey 2013-06-18T14:34:28Z Previously, many board members were cautious of buying longer-dated government bonds for the purpose of easing policy, for fear that would make an exit from the ultra-easy policy difficult. BOJ board more open to Kuroda's ideas than first thought 2013-03-12T10:39:05Z Kuroda advocated in a confirmation hearing this week that buying longer-dated Japanese government bonds would help end deflation. Bank of Japan policy seen on hold as Shirakawa gives way to bolder leadership 2013-03-06T21:01:47Z "It would be natural for the BOJ to buy longer-dated government bonds in huge amounts," Kuroda said in a confirmation hearing in the lower house of parliament. BOJ nominee Kuroda sets out aggressive policy ideas 2013-03-04T05:07:57Z In contrast, Iwata prefers buying more longer-dated government bonds over purchases of corporate bonds or ETFs. Japan government taps Kuroda for BOJ in battle for economic revival 2013-02-28T06:20:46Z This suggested there are fewer investors who are "short" in their Treasuries duration, or own fewer longer-dated Treasuries than their benchmarks. More investors hold bullish U.S. bond bets before FOMC: survey 2013-06-18T14:34:28Z The ideas included cutting the 0.1 percent floor the BOJ sets on money market rates, targeting longer-dated government bonds and boosting purchases of risk assets, the minutes show. BOJ board more open to Kuroda's ideas than first thought 2013-03-12T10:39:05Z Dell's long-dated outstanding bonds took a hit of between 10% and 20% immediately following the leveraged deal announcement, as none of the outstanding bonds carry a change of control covenant. Investors demand LBO protection in US bonds 2013-02-22T15:57:53Z The prospect of BOJ buying longer-dated bonds prompted a market rally, led by the longer end. BOJ nominee Kuroda sets out aggressive policy ideas 2013-03-04T05:07:57Z Some board members want the BOJ to focus on nudging down longer-term interest rates by buying longer-dated government bonds, the sources say. BOJ board rift may delay new governor's policy ambitions 2013-02-19T10:30:01Z In the bond market, German Bund futures opened lower as investors made room for a sale of long-dated German paper and braced for solid demand at an Italian debt auction. Euro surges to 14-month high, Fed decision awaited 2013-01-30T10:48:21Z It will not boost asset purchases this year beyond its existing program and refrained from taking on longer-dated bonds or risky assets, a sign it remains cautious, not bold. Analysis: Deal with PM buys BOJ time, but probably just few months 2013-01-23T12:07:24Z Many U.S. government bonds could be shunned as investors worry about which issues are in default - even longer-dated issues that could have a coupon payment due that would potentially be in jeopardy. Analysis: Preparing for the unthinkable: Could markets handle a U.S. default? 2013-01-17T16:30:50Z Kuroda suggested the most natural way to ramp up the central bank's stimulus for the economy would be huge purchases of longer-dated government bonds. BOJ nominee Kuroda sets out aggressive policy ideas 2013-03-04T05:07:57Z Prices for longer-dated U.S. government debt fell sharply on the ADP data. Private sector job gains offer hope for labor market 2013-01-03T19:50:57Z The Fed is expected to announce it will buy $45 billion per month of longer-dated Treasuries beginning in January on top of the $40 billion in mortgage-backed security purchases it announced in September. Asian shares rise, Fed outcome pressures dollar 2012-12-12T03:29:10Z Under the program, it sells shorter-dated U.S. government debt and buys longer-dated Treasuries to extend the duration of its balance sheet. Asian shares edge up; Fed move, fiscal cliff in focus 2012-12-11T03:49:59Z Treasury bonds strengthened in a second session on hopes the Federal Reserve would launch a new plan to buy more longer-dated securities to support the economy. Fed Hopes Lift Treasurys 2012-08-28T14:02:02Z Italian yields followed suit, with shorter-dated yields rising more than longer-dated ones, sharply flattening the curve as investors saw greater credit risk. Moody's German view hits Bund; Spain under pressure 2012-07-24T17:04:15Z Treasury debt, suggesting they were keen bidders at last week's auctions in which the government sold $66 billion worth of longer-dated securities, data from the U.S. Foreign central banks scooped up U.S. Treasuries 2012-07-19T21:27:27Z Prices for U.S. stocks initially fell but clawed back into positive territory by midday, while the dollar rallied and prices for longer-dated U.S. government debt erased losses. Bernanke offers few hints on further Fed easing 2012-07-17T17:40:29Z As part of the program, the central bank sells short-term Treasurys and buys longer-dated ones in an effort to keep long-term borrowing costs down. U.S. Stocks Close Mixed 2012-06-20T21:58:12Z The U.S. central bank, as expected, extended its program of selling short-term securities and buying longer-dated ones, a move aimed at driving down borrowing costs, but did not signal a third round of quantitative easing. Global shares struggle, commodities down as Fed disappoints 2012-06-21T01:09:30Z The Fed will sell Treasury bonds with short-term durations, or maturities, and buy longer-dated bonds. Federal Reserve renews program to spur growth amid concerns about economy 2012-06-20T18:51:00Z While analysts believe the central bank may be running short of securities to sell, it could sell longer-dated bonds. More "Twist" is needed, Fed's Rosengren says 2012-06-01T12:05:50Z He therefore announced the intention of the Government to retire the bills and fund the debt by issuing long-dated debentures. Our First Half-Century: A Review of Queensland Progress Based Upon Official Information 2012-04-22T02:00:09.320Z Some fund managers need to buy longer-dated Treasury bonds to match the month-end adjustment in their benchmark indexes. Treasurys Get Quarter-End Lift 2012-03-30T13:32:25Z Each month, the fund's managers choose seven commodities, within set rules, whose longer-dated monthly contracts are cheapest in comparison with the contract closest to expiration. New Recipes for Commodity Investing 2012-03-04T23:13:05Z Banks and insurers will swap bonds they hold for longer-dated securities that pay a lower coupon, resulting in a real 70 percent reduction in the value of the assets. Decision day for second Greek bailout 2012-02-20T11:03:07Z The private sector — mostly banks and insurance companies — will swap bonds they hold for longer-dated Greek securities that pay a lower coupon, resulting in a real 70 percent reduction in the value of the assets. Greek Prime Minister Travels to Brussels for Crucial Meeting 2012-02-19T23:11:06Z “Demand for such bonds will be healthy because long-dated Islamic paper are rare.” Malaysia Plans $9.9 Billion Sukuk to Finance Mass Railway 2012-02-15T05:08:24Z Treasury should begin to issue longer-dated bonds backed by gold and investors should also buy gold as it is “something substantial,” Grant said. Fed Should Heed Lessons of 1920’s Policy, Grant Says: Tom Keene 2012-02-14T16:20:53Z In the past year, Apple also increased its holdings of longer-dated bonds, which would pay off if long-term interest rates fall but could sour if they rise. Analysis: One area where Apple lags: Its low returns on cash 2012-02-13T22:46:34Z The yield difference between three- and 10-year sovereign bonds will stay close for the next two to three years on increased demand for longer-dated bonds, Koo said. Samsung Life Sees Opportunity in Europe, U.S. Distressed Assets 2012-02-10T04:28:08Z Credit Suisse is leaving commercial mortgage-backed securities issuing and slashing areas such as long-dated interest rates and emerging market currency trading. Credit Suisse slumps to Q4 loss 2012-02-09T08:17:43Z Italy faces a more challenging sale of longer-dated debt on Monday. Asian shares, euro slip as markets eye Greek debt deal 2012-01-30T05:57:39Z The bondholders' comments suggested creditors had accepted Juncker's demand for a coupon, or interest rate, of below 4 percent on new, longer-dated bonds that Athens will swap for existing debt. Greece, creditors on verge of clinching debt deal 2012-01-29T03:10:33Z It reduced its stakes in safer but lower-yielding short-term bonds in favor of higher-yielding longer-dated debt, resulting in higher duration risk. Analysis: One area where Apple lags: Its low returns on cash 2012-02-13T22:46:34Z “Thursday’s auction of longer-dated paper will provide a more accurate gauge of underlying sentiment towards Spain,”. Spain to Test Investor Appetite for Longer Debt as Yields Fall 2012-01-19T02:43:41Z The facility’s longer-dated bonds underperformed their euro-area peers after the Standard & Poor’s downgrade to AA+ from AAA. Euro Rescue Fund Sells Bills ‘Smoothly’ After S&P Downgrade 2012-01-18T05:59:10Z Euro zone faces further tests later in the week when France and Spain offer longer-dated debts. Asian shares steady as China data eyed 2012-01-17T00:35:54Z The so-called flattening of the yield curve suggests investors favor longer-dated maturities as slower growth reduces inflation. Thirty-Year Gilt Yields Reach Record Low on Recession Concern 2012-01-16T16:28:02Z The successful sales raised hopes for a similarly positive result when Italy sells up to 4.75 billion euros of longer-dated bonds later on Friday. Global shares gain as strong debt sales ease risk 2012-01-13T01:21:53Z The Philippines continues to favor longer-dated debt to extend maturities and better manage finances, Treasurer Roberto Tan said this week. Philippines Sells $1.5 Billion of Bonds to Fund Stimulus 2012-01-05T16:25:41Z “The sovereign crisis will ease off from the heights of last year, which should allow long-dated core yields to rise modestly,” he said, referring to debt from nations such as Germany. German Bund Yields Reach One-Week High; Spanish Bonds Decline 2012-01-04T15:18:05Z Traders were focused on an auction of long-dated Italian bonds later on Thursday following a successful tender of short-dated paper on Wednesday. Asian Shares Fall 2011-12-29T02:16:16Z The 30-year bond led the buying as inflation is the main threat to fixed returns on long-dated bonds over time. Treasury Bonds Nudge Higher 2011-12-16T13:51:27Z Federal Reserve’s $400 billion “Operation Twist” program to replace some shorter-term debt will continue to lower yields on longer-dated government debt, the Bank for International Settlement said. Fed’s Asset Purchases Will Lower Some Bond Yields, BIS Says 2011-12-11T21:04:23Z Tesla shareholders are long a near-dated call option on Model S launch and a longer-dated call on mass EV adoption. Tesla: Morgan Stanley Turns Bearish On Slower EV Adoption 2011-12-08T14:08:42Z The Treasury changed the securities it planned to sell at today’s auction, opting for longer-dated notes that already trade instead of a new benchmark three-year bond, citing market conditions. Spain Meets Maximum Target at Bond Auction as Yields Surge 2011-12-02T18:54:18Z Credit Suisse exiting the business of commercial mortgage- backed securities origination and will scale down long-dated unsecured trades in global rates, emerging markets and commodities businesses. Credit Suisse Said to Close Taiwan Fixed-Income Operations 2011-11-17T09:25:00Z At one point the so-called yield curve inverted, another sign of stress that means two-year yields were higher than those on longer-dated debt. Italian Credit Risk Rises to Record as LCH Lifts Margin Level 2011-11-09T21:32:26Z Faced with a still-weak recovery, the Fed in September embarked on a program to sell $400 billion in short-term Treasuries and invest the money in longer-dated bonds, an effort to keep long-term rates down. Fed lowers GDP forecast, mulls more action 2011-11-03T01:28:31Z The bank is exiting the business of commercial mortgage- backed securities origination and will scale down long-dated unsecured trades in global rates, emerging markets and commodities businesses. Credit Suisse to Cut 1,500 More Jobs After Securities Loss 2011-11-02T06:19:58Z Greece’s existing longer-dated securities might for the first time be included in the plan, with some of the initial options canceled, UniCredit SpA strategists wrote in an Oct. Greek Collateral Key to Averting Default in Swap: Euro Credit 2011-10-23T23:25:20Z The central bank last month committed to selling $400 billion in short-term Treasuries in order to buy longer-dated government bonds. Fed officials at odds on inflation threat 2011-10-18T02:06:00Z The meeting saw the Fed announce its plan to "twist" the yield curve by swapping shorter-maturity government bonds for longer-dated instruments. U.S. Futures Point to Higher Open 2011-10-12T11:42:21Z Now, instead of those government bonds, he is recommending investors shift to long-dated corporate bonds. Wealth Matters: Forecasters Find the More Pessimistic View Is the Fashion - Wealth Matters 2011-10-07T18:57:27Z Last month, the central bank announced a program dubbed Operation Twist in which it will channel its ongoing bond purchases toward longer-dated Treasuries to put more downward pressure on long-term borrowing costs. Inflation not a big worry, top Fed officials say 2011-10-07T16:22:18Z The second option revolved around a proposal by French banks: creditors would agree to roll over maturing Greek bonds into new, longer-dated securities. Special Report: Europe's Debilitating Deja Vu 2011-10-05T12:51:04Z The Federal Reserve last month announced a plan to sell shorter- maturity debt and buy longer-dated bonds to spur the economy through lower borrowing costs. Dealers Say Yields to Hold Below 1%: Japan Credit 2011-10-03T22:38:04Z The Fed’s plan is to buy longer-dated Treasurys and sell shorter-term debt. Yield on 10-year Treasury note falls as Fed buying begins; Europe fears lift safe investments 2011-10-03T16:54:37Z The move in the yield curve is led by the Fed, because of the relationship between long-dated gilt yields and Treasury yields.” Gilts Rise as Fed’s Risk Outlook Spurs Safety Bid; Pound Falls 2011-09-22T13:33:03Z Ten-year bunds gained for a fifth day after the Federal Reserve said yesterday there were “significant” risks to the U.S. economy and it would buy more longer-dated debt. German, Dutch Yields Fall to Record on Global-Growth Concern 2011-09-22T13:06:04Z The Fed announced a $400 billion program to twist the yield curve by swapping shorter-maturity government securities for longer-dated ones, a move that was widely expected by analysts. Global Equity Markets Sell Off 2011-09-22T10:43:59Z The intention is that borrowing costs are lowered for businesses and households, via the decline in longer-dated Treasury yields. European Stocks Sink 2011-09-22T08:30:07Z Some analysts expect the Fed to announce some form of the so-called Operation Twist, or swapping shorter-maturity government securities for longer-dated ones in an effort to lower longer-term rates. U.S. Futures Rise Before Fed 2011-09-21T11:07:02Z The 10-year gilt yield dropped the most in two weeks as the Fed said there are “significant downside risks” to the economic outlook and that it would buy longer-dated U.S. securities. Gilts Rise as Fed’s Risk Outlook Spurs Safety Bid; Pound Falls 2011-09-22T13:33:03Z “Companies such as Rio Tinto can generally issue longer-dated paper, in bigger size and at a tighter spread in the U.S. market as compared to Australia.” Rio Cuts Debt Costs Amid Record-Low Yields: Australia Credit 2011-09-15T14:37:24Z This risk will be particularly great for long-dated futures, where fewer traders are active, because it will be easier to reach the 25% ceiling. Commodity markets: Back to the futures 2011-09-15T10:02:47Z This sort of talk should support intermediate to longer-dated AAA core product.” German Bunds Advance as Trichet Sees Downside Risks to Economy 2011-09-08T13:16:02Z One possibility is selling shorter-term Treasurys and using the proceeds to buy longer-dated investments. Treasury yields sink as stock indexes plunge; yield on 10-year note trades under 2 percent 2011-09-06T22:11:43Z We expect them to lengthen the duration of their Treasury portfolio by selling short-dated securities and buying long-dated ones.” Treasuries Rally as 10-Year Yield Falls to Record on Stock Rout 2011-09-06T03:46:04Z Bank shares also came under pressure from signs the Federal Reserve could start selling short-term debt on its books and buy long-dated bonds to push longer-term yields lower. Regulator sues major banks over subprime bonds 2011-09-03T09:41:24Z For its next easing step, the Fed would almost certainly seek to tilt its bond portfolio toward longer-dated maturities to try to put more downward pressure on long-term interest rates. Fed could get specific on goals if recession hits 2011-09-02T20:35:28Z Bank shares also came under pressure from signs that the Federal Reserve could start selling shorter-term debt on its books and buying long-dated bonds to push longer-term yields lower as a stimulus measure. U.S. regulator sues major banks over mortgages 2011-09-02T20:39:36Z The move, known to some in financial markets as Operation Twist, would probably involve the Fed selling shorter-dated Treasuries it holds its balance sheet and buying longer-dated bonds. Market expects Operation Twist in September 2011-09-02T15:34:29Z One sign that investors are more nervous about longer-dated bonds is that the yield gap between 10-year notes and 30-year bonds, currently the longest U.S. maturity, is trading at 137 basis points. Analysis: As massive debt maturities loom, U.S. needs to extend 2011-09-01T15:45:19Z At its meeting, the Fed discussed a range of tools for additional monetary easing, including engaging in further asset purchases or shifting the composition of bonds on the central bank's portfolio toward longer-dated maturities. Glum Fed considered even bolder action in August 2011-08-30T18:21:07Z The more modest way to do this would be to simply reinvest proceeds from maturing bonds it holds into longer-dated issues. Fed could get specific on goals if recession hits 2011-09-02T20:35:28Z Sizable prints in longer-dated contracts largely traded to the middle of the market. Call Options On JDSU, CoreLogic In High Demand As Shares Soar 2011-08-30T18:06:09Z Hatzius, at Goldman, said such an operation would ultimately remove so much longer-dated debt from the market its effect would be almost as big as the Fed's last major easing program. Market expects Operation Twist in September 2011-09-02T15:34:29Z A strategy aimed at lowering interest rates of longer-dated debt, sometimes referred to as a twist operation, would help drive down longer-term borrowing costs for businesses, economists say. Bullard sees Fed portfolio tweak as ineffective 2011-08-25T23:32:35Z Meanwhile, activity in longer-dated contracts suggests some investors are favoring the debit put spread strategy. Options Signal More Pain Ahead For Financials 2011-08-23T19:13:00Z That signals an investor preference for longer-dated paper, which is more sensitive to the outlook for inflation. Greek Notes Slide on Collateral Demands; Italian Debt Declines 2011-08-19T14:40:02Z This includes buying long-dated Treasuries to push down long-term rates and cutting interest on bank deposits held at the Fed to encourage more lending. Analysis: Fed may have bullets left, but are they blanks? 2011-08-17T21:24:47Z Goldman's call echoed in the Treasury market on Friday, with a flattening of the yield curve as traders increased positions in longer-dated bonds at the expense of shorter maturities. Market expects Operation Twist in September 2011-09-02T15:34:29Z The Fed purchased longer-dated Treasury bonds and sold short-term bills in a bid to flatten the yield curve. Bernanke Seizes Day to Lower Bond Yields as Congress Shirks 2011-08-12T14:51:02Z NEW YORK—The rally in long-dated Treasurys eased Friday as the latest U.S. retail-sales report provided some relief to the fears about the economic outlook. Treasurys Pare Gains 2011-08-12T12:58:34Z NEW YORK—A poorly received 30-year U.S. bond auction sent longer-dated Treasury prices plunging, as stocks soaring to session highs added to the selling pressure. Long-Term Treasurys Sink After Weak Sale 2011-08-11T17:37:50Z Contrarians betting on a rebound took to multiple expiries, buying calls and selling puts in the August contract, as well as initiating bullish spreads in longer-dated contracts. Disney Bulls Look Past Mouse Slaughter, Bet On Brighter Days Ahead 2011-08-10T18:01:42Z Citing poor private sector participation, officials said that a plan to swap Greek government debt maturing by 2020 into new, longer-dated securities, might be extended to include bonds falling due in 2022 or even 2024. Greek Reform Plans Stumble 2011-08-10T17:14:48Z The central bank might also decide to begin reinvesting proceeds of maturing securities in its portfolio into longer-dated Treasury maturities, putting further downward pressure on long-term borrowing costs. Fed under pressure to act as world markets swoon 2011-08-09T13:44:03Z The central bank might also decide to begin reinvesting proceeds of maturing bonds in its portfolio into longer-dated Treasury maturities, putting further downward pressure on long-term borrowing costs. Fed under pressure to act as world markets swoon 2011-08-09T05:01:35Z The central bank might also decide to begin reinvesting proceeds of maturing bonds into longer-dated Treasury maturities, putting further downward pressure on long-term borrowing costs. Pressure grows for Fed to act as stocks plunge 2011-08-08T20:08:13Z Last week, when many in the market were expecting the U.S. to be downgraded, six U.S. companies issued 30-year bonds, which is unusually long-dated for the corporate market. Wall Street braces for impact from downgrade 2011-08-07T21:45:48Z World stock markets shuddered after disappointing U.S. growth and manufacturing numbers in recent days, and investors rushed to buy long-dated U.S. Analysis: Obama and Bernanke out of ammo to boost jobs, growth 2011-08-03T18:46:00Z Treasury debt typically trades at or above par, some longer-dated bonds are quoted below face value. U.S. Credit Swap Trading Soars 80% as Debt Deadline Approaches 2011-07-28T12:19:02Z The longer-dated positions include debt management- related swaps with sovereign counterparties, and credit default swaps between banks that reference the sovereigns. Five Banks Have $6.8 Billion of Derivatives With Italy, EBA Says 2011-07-27T09:48:46Z The S&P's latest comments led to selling in longer-dated Treasuries, with the 30-year bond briefly falling a full point in price. S&P says 50-50 chance of U.S. downgrade 2011-07-21T14:23:49Z Another is to swap Greek debt for longer-dated securities with a lower coupon. Europe at impasse on Greece, IMF backs investor role 2011-07-14T06:31:33Z Although their statement did not specifically mention the option, ministers are considering buying back Greek debt or the private sector swapping holdings for longer-dated maturities in a move to make Greece's debt more sustainable. Europe Pledges New Steps to Help Greece 2011-07-11T22:48:44Z Mr. Cookson said his biggest call now was for investors to buy dollars and long-dated United States Treasury bonds as protection against a Greek default spreading to Portugal, Spain and even Italy. Wealth Matters: Advisers Keep Eyes on the Horizon in a Choppy Economy 2011-07-08T16:33:03Z Governments sell long-dated debt and enter into interest rate swaps with investment banks to adjust the duration of their debt portfolio. Five Banks Have $6.8 Billion of Derivatives With Italy, EBA Says 2011-07-27T09:48:46Z The options include rolling over or extending bonds that mature into long-dated instruments. Europe Gives $17 Billion to Greece to Avoid Default 2011-07-01T19:20:35Z Nearer-term contracts are certainly the most popular today, but traders are also generating substantial volume in longer-dated options. It Pays Handsomely To Bet Against RIM 2011-06-17T18:11:24Z As the French plan has faltered, Berlin has revived a proposal to swap Greek bonds for longer-dated debt that would extend maturities by seven years. Europe Pledges New Steps to Help Greece 2011-07-11T22:48:44Z The Germans and several other countries want Greece's private creditors to agree to replace €30 billion of Greek debt maturing in 2012-2014 with longer-dated debt. EU's Rehn Confident Of Greek Aid Deal 2011-06-16T14:50:09Z Even though banks may be attracted by higher-yielding longer-dated bonds, Japan faces the risk of a reduction in its long-term credit rating, he said. Banks Set Sights on 5-Year Notes as Auction Looms: Japan Credit 2011-06-08T15:17:55Z The European Central Bank was said to back a plan this week to persuade investors to replace maturing Greek bonds with new, longer-dated securities. Vienna Plan Redux Requires Investor Acquiescence: Euro Credit 2011-06-03T00:09:28Z Even as new regulations increase the supply of longer-dated bank debt, others may suppress investors’ appetite for it. European banks: Cutting it fine 2011-05-05T10:58:31Z The moves left the extra yield investors demand to hold the longer-dated securities at 139 basis points, the least since January 2009. German Notes Drop on ECB Signal Bets; Portuguese Bonds Advance 2011-05-04T09:11:05Z “In any of these long-dated bonds, you are exposed to the Treasury risk,” Williams said in a telephone interview. Century Bonds Locked In Rates Before Selloff: Mexico Credit 2011-04-28T12:52:02Z After the S&P announcement, longer-dated U.S. government bond prices rose while major U.S. stock indexes shed more than 1 percent. U.S. credit outlook lowered by S&P on deficit fears 2011-04-18T19:38:39Z The extra yield investors demand to hold longer-dated debt is the narrowest since November, the data show. Polish Yields May Fall From Highest Since 2009 at Bond Sale 2011-04-13T08:33:03Z It steepens when yields on shorter-maturity notes fall, those on longer-dated debt rise, or both happen simultaneously. Japan Bonds Fall for Third Week on Stock Gains, Global Recovery 2011-04-09T06:36:29Z Bonds from Ireland rose for a second day after Morgan Stanley said investors should buy Irish sovereign risk, especially longer-dated securities. Bund Yield Near 15-Month High on Rates Bets; Irish Bonds Rise 2011-04-04T16:14:05Z Investors should buy Irish sovereign risk, especially longer-dated bonds, after bank stress tests last week proved “credible,” moving the focus to the country’s economy, according to Morgan Stanley. German Bund Yield Near 15-Month High on Bets Rates Will Rise 2011-04-04T14:48:01Z “The capital required for holding long-dated corporate debt is something that needs looking at,” Moss said. European Bank Funding Threatened as Basel III Meets Solvency II 2011-03-28T23:17:30Z The fund will buy long-dated options it considers cheap in global currency, fixed-income, equities and commodity markets, betting that rare and unforeseen events will generate unusually large profits, Haworth said in an interview. 36 South to Revive Black Swan Bet After 234% Hedge Fund Gain 2011-03-24T00:58:05Z Short-dated notes led the buying, as long-dated maturities face new debt supply. Treasurys Climb on Libya Turmoil 2011-03-09T15:13:34Z OZ Minerals Ltd. may sell bonds for the first time as it seeks longer-dated debt to fund investment, Chief Financial Officer Andrew Coles said in January. Miners Love Bonds With Yield Gap at 4-Year Low: Australia Credit 2011-03-07T05:36:02Z The Fed promised in November to buy longer-dated Treasury assets until the middle of this year to provide help for the struggling recovery. Fed's Bullard: economy doing well, oil not a drag 2011-02-28T17:45:57Z “We’ve maintained our conservative and disciplined approach to capital management; we have a strong balance sheet, good cash flows and long-dated debt,” Managing Director Matthew Quinn said in the statement. Stockland Profit Almost Doubles, Raises FY Forecast 2011-02-08T22:26:14Z Takei added that he prefers to invest in super long-dated bonds from Britain and the United States as well as five-year debt from Australia and New Zealand. Debt rating agencies sending right message... at wrong time 2011-02-08T09:09:56Z Their proposal: an opportunistic, globally invested hedge fund, with no position larger than 5%, putting the money into long-dated cheap options that deliver in case something bad happens. Leap of faith 2011-01-28T09:48:47Z Their yields, which move inversely to bond prices, rose at a faster pace compared to those of long-dated maturities. Treasurys Fall; Focus on Auctions 2011-01-24T14:13:30Z NEW YORK—Treasurys fell broadly as concern over euro-zone's debt crisis eased and as investors braced for two U.S. government debt sales in long-dated maturities. Treasurys Fall; 10-Year Sale Looms 2011-01-12T14:10:39Z Instead Mr Shilling thinks that investors should own long-dated Treasury bonds. Buttonwood: Betting big on bonds 2011-01-06T10:47:49Z When longer-dated contracts cost more than those for immediate delivery, a market structure known as contango, investors pay a premium to maintain their holdings as positions expire. Commodities Beat Stocks, Bonds as All Assets Advance 2010-12-31T07:30:02Z Treasuries after a strong seven-year note auction, with dealers eyeing a sale of Italian longer-dated bonds. World stocks eye two-year high 2010-12-30T09:30:42Z Dragutinovic said she still wants to test the market with longer-dated maturities for additional borrowing and plans to sell dinar-denominated bonds with maturities of between 370 days and two years next year. Serbian Austerity to Aid Bonds, Credit Rating, Minister Says 2010-12-28T07:04:02Z The strategists recommend buying short-dated calls, while selling longer-dated options such as so-called strangles to trade M&A potential that is not being adequately reflected in the options market. Goldman sees more focus on M&A in U.S. options market 2010-12-17T20:34:21Z Prices for long-dated U.S. government debt fell sharply on the data, which saw investors pricing in higher growth expectations. Production data points to sustained recovery 2010-12-15T20:57:10Z Gold is the better hedge at a time when owning long-dated bonds may be too risky, he said. Investors burned by U.S. bonds still wary of stocks 2010-12-08T21:56:00Z A long-dated commercial mortgage-backed security on the Trafford Centre's debt would enhance CSC's overall financial position, lengthen its overall debt maturity, and generate more financial headroom. UPDATE 3-CSC tests Simon's resolve in $2.5 bln mall row 2010-12-08T15:31:00Z |
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