U.S. corporate bonds due in five to seven years are becoming favorites
for investors seeking protection from rising yields.
The Federal Reserve Board sent
its most explicit signal yet that the emergency supply of liquidity to
financial markets is done and the most aggressive monetary policy easing
in its 96-year history will eventually reverse.
The cost of living in the U.S. probably rose in January, pushed up by higher energy prices,
economists said before a government report today.
Investors pumped money into U.S., Japan and some emerging-market equity funds as economic data added to
evidence of a recovery in the world’s largest economy, EPFR Global said.
The European Union risks
repeating Japan’s mistakes of the 1990s as it helps Greece tackle the region’s biggest budget deficit, said Jeremy Beckwith,
chief investment officer of Kleinwort Benson.
Japan’s 10-year bonds dropped, pushing up yields from a three-week low,
as the yen’s decline to the weakest in more than a month boosted the
profit outlook for exporters.
Oil prices rose above $79 a barrel on Thursday as news of stronger
regional manufacturing and other upbeat economic reports offset concerns
about unemployment.
Rubber advanced to a four-week
high as the yen dropped against the dollar after the Federal Reserve Board
raised the discount rate and Thai exporters boosted prices on improving
demand from buyers in Asia.
Xstrata Plc must explain by Feb. 22 what action it’s taking to stop
excessive lead emissions after a breach of air quality limits occurred in Mt. Isa, Australia, the state government said.
·Corn,
wheat and soybeans declined after the Federal Reserve raised the discount rate
for the first time in more than three years, boosting the dollar and
potentially crimping overseas demand for U.S.
crop supplies.
News, data, references and commentaries compiled from Bloomberg, Reuters, yahoo, CNN, CBSMarketWatch, Fxstreet etc.
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