Commodities

03/1/2018            10:30 am

  • Argentina is rushing to pull off a $10 billion bond sale this month as Latin America’s third-largest economy seeks to get ahead of other regional offerings.
  • The rupee bond-issuance frenzy that saw volumes in the corporate market nearly double in five years is poised to fade in 2018, after a government plan for additional borrowing sent company yields to 16-month highs.
  • The euro headed for its strongest level in three years as the region’s buoyant economy was seen increasing the chances of an end to central bank stimulus this year.
  • The start of 2018 marks the beginning of the European Central Bank's efforts to unhook financial markets from its life support machine by halving monthly bond purchases to 30 billion euros ($36 billion). The bond market is starting to pay attention.
  • Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market.
  • U.S. West Texas Intermediate (WTI) crude futures were at $60.40 a barrel at 0141 GMT, up 3 cents from their last close, and not far off the $60.74 June 2015 high reached the previous day.
  • Brent crude futures the international benchmark for oil prices - were at $66.55 a barrel, down 2 cents but still not far off the $67.29 May 2015 high from the previous day.
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