• Benchmark U.S. Yield Posts Multi-Week Gains on Tax Reform Hopes Prices of U.S. government bonds declined on Friday, driving up yields to end a weeklong selloff in the Treasury market as the Senate approved a budget resolution that paves a way for tax cuts. Earlier in the week, Fed Chairwoman Janet Yellen echoed her call to continue the cycle of normalizing rates as speculation over her possible successor gained traction. Yield on the 10-year Treasury yield rose by 6 basis points to 2.381 percent, bringing the weeklong gain to 10 basis points, the biggest five-day increase since September 15. Meanwhile, the two-year Treasury note yield edged up by 3 basis points to 1.580 percent, denoting an increase of 8 basis points for the previous week, marking the biggest five-day hike since September 15. The yield on the 30-year Treasury note or the long bond rose by 7 basis points to 2.893 percent, which attributed mostly to the 8 basis point increase last week. The five year Treasury yiel..

    Prime News: Benchmark U.S. Yield Posts Multi-Week Gains on Tax Reform Hopes

    Benchmark U.S. Yield Posts Multi-Week Gains on Tax Reform Hopes Prices of U.S. government bonds declined on Friday, driving up yields to end a weeklong selloff in the Treasury market as the Senate approved a budget resolution that paves a way for tax cuts. Earlier in the week, Fed Chairwoman Janet Yellen echoed her call to continue the cycle of normalizing rates as speculation over her possible successor gained traction. Yield on the 10-year Treasury yield rose by 6 basis points to 2.381 percent, bringing the weeklong gain to 10 basis points, the biggest five-day increase since September 15. Meanwhile, the two-year Treasury note yield edged up by 3 basis points to 1.580 percent, denoting an increase of 8 basis points for the previous week, marking the biggest five-day hike since September 15. The yield on the 30-year Treasury note or the long bond rose by 7 basis points to 2.893 percent, which attributed mostly to the 8 basis point increase last week. The five year Treasury yiel..
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  • ARGENTINA: "Maldonado Affair" Lead Election Polls To Technical Tie The Argentinean stock market posted a bullish rally during September and October as investors, following the pre-election polls, began to take for granted a victory by Mauricio Macri's allies in Sunday's legislative elections. In Buenos Aires, the pro-government candidate Esteban Bulrrich was four to five percentage points ahead of the former President Cristina Kirchner for that Senate's chair run. However, and although several analysts pointed out that the optimistic landscape suggested by the Merval rise was exaggerated, the appearance of a body floating in the Chubut river this week may affect the government performance. The body was found in the same region where searches for the 28-year old backpacker Santiago Maldonado were being conducted. Maldonado is missing since August 1. The backpacker disappeared shortly after surrendering and being arrested by the Gendarmerie during the border guar..

    ARGENTINA: “Maldonado Affair” Lead Election Polls To Technical Tie

    ARGENTINA: "Maldonado Affair" Lead Election Polls To Technical Tie The Argentinean stock market posted a bullish rally during September and October as investors, following the pre-election polls, began to take for granted a victory by Mauricio Macri's allies in Sunday's legislative elections. In Buenos Aires, the pro-government candidate Esteban Bulrrich was four to five percentage points ahead of the former President Cristina Kirchner for that Senate's chair run. However, and although several analysts pointed out that the optimistic landscape suggested by the Merval rise was exaggerated, the appearance of a body floating in the Chubut river this week may affect the government performance. The body was found in the same region where searches for the 28-year old backpacker Santiago Maldonado were being conducted. Maldonado is missing since August 1. The backpacker disappeared shortly after surrendering and being arrested by the Gendarmerie during the border guar..
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  • BRAZIL: Government To Send Congress Changes To The 2018 Budget Bill The Brazilian government will send to Congress the changes to the 2018 budget bill by the end of next week, Planning Minister Dyogo Oliveira said Thursday after a meeting with the Senate's speaker Eun?cio Oliveira. "The speaker asked about the deadline for sending the complementary piece of the budget, and I said we are preparing everything to send it by the end of next week," said the minister. According to him, the bill would be sent promptly so that the Congress' Joint Budget Commission meets "the necessary deadlines for the approval of the reports and the whole procedure." The changes to the budget bill are needed since the government has increased the fiscal target for the next year. The previous forecast was a primary deficit of R$ 129 billion. In August, the deficit forecast was increased to R$ 159 billion.

    BRAZIL: Government To Send Congress Changes To The 2018 Budget Bill

    BRAZIL: Government To Send Congress Changes To The 2018 Budget Bill The Brazilian government will send to Congress the changes to the 2018 budget bill by the end of next week, Planning Minister Dyogo Oliveira said Thursday after a meeting with the Senate's speaker Eun?cio Oliveira. "The speaker asked about the deadline for sending the complementary piece of the budget, and I said we are preparing everything to send it by the end of next week," said the minister. According to him, the bill would be sent promptly so that the Congress' Joint Budget Commission meets "the necessary deadlines for the approval of the reports and the whole procedure." The changes to the budget bill are needed since the government has increased the fiscal target for the next year. The previous forecast was a primary deficit of R$ 129 billion. In August, the deficit forecast was increased to R$ 159 billion.
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  • MEXICO: Jobless Rate Remains Stable In September, At 3.3% Mexico's unemployment rate remained stable at 3.3% of the economically active population in September, compared to the data recorded in August, according to the country's statistical institute. Meanwhile, the rate fell by 0.5 pp compared to the same month of 2016, keeping the deceleration process observed in the last few months. Mexico's unemployment rate refers to the labor force percentage that worked less than an hour during the survey reference period, but expressed willingness to do so and tried to find a job. Meanwhile, the labor force participation rate increased to 59.3% in September, from 58.8% in August.

    MEXICO: Jobless Rate Remains Stable In September, At 3.3%

    MEXICO: Jobless Rate Remains Stable In September, At 3.3% Mexico's unemployment rate remained stable at 3.3% of the economically active population in September, compared to the data recorded in August, according to the country's statistical institute. Meanwhile, the rate fell by 0.5 pp compared to the same month of 2016, keeping the deceleration process observed in the last few months. Mexico's unemployment rate refers to the labor force percentage that worked less than an hour during the survey reference period, but expressed willingness to do so and tried to find a job. Meanwhile, the labor force participation rate increased to 59.3% in September, from 58.8% in August.
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  • Japan Leading Index On Tap For Monday Japan will on Monday release final August figures for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity. Their previous readings were 106.8 and 117.6, respectively. Japan also will see September numbers for department store sales; in August, nationwide sales were up 2.0 percent on year and Tokyo area sales were up an annual 3.6 percent. Singapore will provide September figures for consumer prices; in August. Inflation is expected to add 0.1 percent on month and 0.5 percent on year after gaining 0.3 percent on month and 0.4 percent on year in August. Hong Kong will see September numbers for consumer prices; in August, the inflation rate was 1.9 percent. Finally, the markets in New Zealand and Thailand are closed on Monday, for Labor Day and Chulalongkorn Day, respectively.

    Japan Leading Index On Tap For Monday

    Japan Leading Index On Tap For Monday Japan will on Monday release final August figures for its leading and coincident indexes, highlighting a modest day for Asia-Pacific economic activity. Their previous readings were 106.8 and 117.6, respectively. Japan also will see September numbers for department store sales; in August, nationwide sales were up 2.0 percent on year and Tokyo area sales were up an annual 3.6 percent. Singapore will provide September figures for consumer prices; in August. Inflation is expected to add 0.1 percent on month and 0.5 percent on year after gaining 0.3 percent on month and 0.4 percent on year in August. Hong Kong will see September numbers for consumer prices; in August, the inflation rate was 1.9 percent. Finally, the markets in New Zealand and Thailand are closed on Monday, for Labor Day and Chulalongkorn Day, respectively.
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  • JBS: Moody's Downgrades Company's Credit Rating To B3 Moody's Investors Sevice downgraded the credit rating of Brazilian meatpacker JBS to B3 from B2, and kept the negative outlook for the rating, completing the review launched in May after executives the in charge of the group, Wesley Batista and Joesley Batista, entered into plea-bargain deal with the Brazilian authorities amid a full-scale corruption scandal. Moody's said that risks related to lawsuits and investigations involving JBS's shareholders and company's executives remain high. "The uncertainty re-emerged after the new audio recording of a conversation between Mr. Joesley Batista and Mr. Ricardo Saud released on September 4, which led to the review of his benefits under the plea-bargain deal and the increase of controversies between the shareholders," noted Moody's. The agency also says that a possible revision of the agreement may hinder future asset sales and renegotiation of t..

    JBS: Moody's Downgrades Company's Credit Rating To B3

    JBS: Moody's Downgrades Company's Credit Rating To B3 Moody's Investors Sevice downgraded the credit rating of Brazilian meatpacker JBS to B3 from B2, and kept the negative outlook for the rating, completing the review launched in May after executives the in charge of the group, Wesley Batista and Joesley Batista, entered into plea-bargain deal with the Brazilian authorities amid a full-scale corruption scandal. Moody's said that risks related to lawsuits and investigations involving JBS's shareholders and company's executives remain high. "The uncertainty re-emerged after the new audio recording of a conversation between Mr. Joesley Batista and Mr. Ricardo Saud released on September 4, which led to the review of his benefits under the plea-bargain deal and the increase of controversies between the shareholders," noted Moody's. The agency also says that a possible revision of the agreement may hinder future asset sales and renegotiation of t..
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