• Most Popular
  • Most Shared

TREASURIES-Steady in Asia, eyes on credit and equities

Tue Dec 25, 2007 9:46pm EST

Stocks

   

TOKYO, Dec 26 (Reuters) - U.S. Treasuries were little changed in Asian trading on Wednesday after falling earlier in the week, as stocks rallied on news of Merrill Lynch's capital infusion plan and tempered demand for safe-haven government debt.

Bonds

Trade resumed after being closed on Tuesday for Christmas.

The benchmark 10-year note edged up 2/32 in price to yield 4.207 percent US10YT=RR as of 0233 GMT. The 10-year yield eased slightly from 4.218 percent in late U.S. trading on Monday.

The two-year note retreated slightly ahead of an auction in that maturity later on Wednesday.

The two-year yield edged up to 3.272 percent US2YT=RR, up slightly from 3.251 percent in late U.S. trading on Monday.

U.S. equities rallied on Monday after Merrill Lynch said it would boost its capital by raising up to $6.2 billion in a private placement with Singapore's Temasek Holdings and Davis Selected Advisors.

Merrill also said it plans to sell most of its middle-market lending business to General Electric Co's (GE.N) commercial finance arm to free up $1.3 billion in capital. [ID:nN24311966] (Reporting by Masayuki Kitano)

Bonds


More from Reuters

Photo

Obama says U.S. will pursue plane attackers

KAILUA, Hawaii (Reuters) - A wing of al Qaeda claimed responsibility on Monday for a failed Christmas Day attack on a U.S.-bound passenger plane and President Barack Obama vowed to bring "every element" of U.S. power against those who threaten Americans' safety. | Video

» More Top News
Passengers queue to go through security checks at the departure gate at Gatwick Airport, in southern England December 28, 2009. REUTERS/Luke MacGregor

Travel headaches after scare

The U.S. is stepping up airline security measures following the Christmas bomb scare. Here's what you can expect.  Full Article | Video 

U.S.
A man yells at the site of suicide bomb attack on a procession of Shit'ite Muslims commemorating Ashura in Karachi December 28, 2009. Credit: REUTERS/Athar Hussain

"Worse than an infidel"

Dozens killed as suicide bomber attacks Shi'ite Muslim progression in Pakistan despite thousands of security forces on high alert.   Full Article | Video 

World