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AUSTRALIAN BOND MARKET OPENS WEAKER - NOV 1, 2007.
SYDNEY, Nov 1 Asia Pulse - The Australian bond market opened weaker today, despite a US interest rate cut overnight, as stronger data in the US and Australia boosted risk sentiment.
Heightened expectations of an Australian interest rate rise are expected to put more upward pressure on front-end yields, in particular.
At 0900 AEDT, the yield on the Commonwealth Government February 2017 bond was at 6.255 per cent, up from yesterday's close of 6.175 per cent, while the August 2010 bond was at 6.770 per cent, up from 6.690 per cent.
On the Sydney Futures Exchange, the December 10-year bond futures contract price was at 93.730, down from yesterday's close of 93.815, while the December three-year contract price was at 93.260, down from 93.350.
Citigroup director of economics Stephen Halmarick said the release overnight of stronger than expected US economic growth numbers caused two-year US Treasury yields to jump 14 basis points to 3.94 per cent.
Longer-term 10-year US Treasury yields went up by nine basis points to 4.47 per cent.
The US Commerce Department reported that gross domestic product expansion stood at 3.9 ...
- INTEREST RATE TO DIP 4-5 PER CENT BY JULY TO FUEL LOW-COST ECO: KAMATH.
- News wire article from: PTI - The Press Trust of India Ltd. February 1, 2009 700+ words
INTEREST RATE TO DIP 4-5 PER CENT BY JULY TO FUEL LOW-COST ECO: KAMATH KUMAR DIPANKAR...speculate what will PLR. But all I can say is 4-5 per cent per cent correction in interest rate from where it is today. This correction I think will...
- SBI slashes car loan interest rate to 10 per cent for one year.
- News wire article from: PTI - The Press Trust of India Ltd. February 23, 2009 700+ words
SBI slashes car loan interest rate to 10 per cent for one year Bhopal...slashing of its car loan interest rate to 10 per cent from an average of 11...to slash the car loan interest rate to 10 per cent today for a year," SBI...
- IDBI reduces floating home loan interest rate by 0.50 per cent.
- News wire article from: PTI - The Press Trust of India Ltd. October 15, 2007 700+ words
...reduces floating home loan interest rate by 0.50 per cent Mumbai, Oct 15 (PTI...period compared to 31 per cent in the corresponding...up from about 3 per cent in the past one year...asked bankers to cut interest rate to boost sagging demand...
- IDBI launches new FD scheme with 8.75 per cent interest rate.
- News wire article from: PTI - The Press Trust of India Ltd. January 24, 2007 700+ words
...scheme with 8.75 per cent interest rate Mumbai, Jan 24 (PTI...carrying an attractive interest rate of 8.75 per cent per annum. The scheme...citizens will enjoy a higher interest rate of 9.25 per cent per annum on their investments...
- Govt approves 8.5 per cent interest rate for EPF deposits.
- News wire article from: PTI - The Press Trust of India Ltd. October 20, 2007 700+ words
...Govt approves 8.5 per cent interest rate for EPF deposits New Delhi...recommended the 8.5 per cent rate, despite opposition...were paying attractive interest rate. Commercial banks offer up to 9.5 per cent returns on fixed deposits...
- Sweden: Sweden s Central Bank keeps interest rate at 0.25 per cent.
- News wire article from: TendersInfo October 24, 2009 700+ words
...Thursday it will hold its interest rate at a record-low 0.25 per cent, citing that it aimed...in 2010 and 3.4 per cent in 2011. Sweden has been...in a row reducing the interest rate from 4.75 per cent in September 2008. Sweden...
- Sweden : Sweden's Central Bank to cut interest rate to 0.25 per cent.
- News wire article from: TendersInfo July 3, 2009 700+ words
...Thursday it will cut its interest rate next week to a record low 0.25 per cent, citing 'the weak development...repo rate to 0.50 per cent. The rate cut - the latest in a row reducing the interest rate from 4.75 per cent in September 2008 - was...
- BANK INDONESIA MAINTAINS INTEREST RATE AT 6.50 PER CENT.
- News wire article from: AsiaPulse News September 4, 2009 700+ words
...rate target in 2010 at 5 per cent plus minus one per cent. The BI Board of Governors believed...credits and lowering the credit interest rate. The banking industry was in...availability rate (CAR) at 17 per cent and the maintaining of the nonperforming...
Source: HighBeam Research, AUSTRALIAN BOND MARKET OPENS WEAKER - NOV 1, 2007.