The US Treasury auctioned 13-week Treasury bills worth $24 billion on August 31. The percentage of indirect bids leaped to 31.2% of the accepted bids.
The US Treasury held the weekly 26-week Treasury bills auction on August 31. After a fall in demand the previous week, the fundamental market demand rose.
US Treasury yields fell in the week ending September 4, after employment data hinted at a rate hike. Long-term Treasuries saw upward movement.
Manufacturing activity in Japan, represented by the Nikkei Japan Manufacturing PMI, rose in August, with the indicator rising to 51.7 points from 51.2 in July.
A release by Japan’s finance ministry showed that capital spending in Japan rose by 5.6% in 2Q15 from the same period a year ago.
Japanese housing starts rose in July 2015, but their pace slowed compared to a month ago. Housing starts rose by 7.4% in July compared to a year ago.
The preliminary reading for Japan’s seasonally adjusted index of industrial production for July showed that output from manufacturing and mining industries fell by 0.6% month-over-month.
This series aims to assess the impact of economic indicators and analyze the performance of four Japan-focused mutual funds.
The US Department of the Treasury conducted the weekly auction of four-week Treasury bills on August 25. The issuance was $40 billion, remaining the same during the last six weeks.
The US Department of the Treasury auctioned 13-week Treasury bills worth $24 billion on August 24. The amount on offer has been the same since the March 23 auction.
The US Department of the Treasury held the weekly 26-week T-bills auction on August 24. T-bills worth $24 billion were on offer, the same as in the previous week.
The US Treasury introduced two-year floating rate notes (or FRNs) in January 2014. An FRN is a debt security whose interest payment varies.
The yield on the two-year Treasury note jumped by 12 basis points in the secondary market from the previous day. It ended August 25 at 0.67%, compared to 0.59% on August 24.
The yield on five-year Treasury notes in the secondary market moved up marginally after the auction from the previous day. It ended August 26 at 1.49%, compared to 1.48% on August 25.
Market demand for the seven-year Treasury notes was stronger at 65.0% of total accepted competitive bids in August, compared to 61.2% in July.
Treasury yields rose across the yield curve in the week ended August 28, after the upbeat 2Q15 US real GDP data. Yields rose after Stanley Fischer, vice chair of the Federal Reserve, noted the possibility of a September rate hike.
Flows into investment-grade bond funds were negative for the week ended August 26, making it the fifth successive week of outflows. It was the largest outflow of 2015 so far.
Investment-grade corporate bonds worth $0.7 billion were issued in the week ended August 28. This was the lowest for the month of August and the lowest since July 10, 2015.
Yields on investment-grade corporate bonds fell to a low of 2.84% in mid-April. But June broke the low-level trend, and yields have been rising since then.
Investment-grade bond yields rose in the week ended August 28, 2015, as Federal Reserve vice chairman Stanley Fischer said the possibility of a rate hike in September is still open.