Bank of Montreal

U.S. 20-year bond auction draws good demand at higher yield

(Bloomberg) — An auction of 20-year Treasury bonds drew good demand, suggesting investors were assuaged by the rise in yields sparked by US aggression over control on Greenland and challenging fiscal conditions globally. Processing Content The $13 billion auction was awarded at 4.846%, about a basis point lower than its yield in trading just before […]

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Treasuries rise on weak U.S. manufacturing, bullish option trades

(Bloomberg) — Treasuries rose after the first batch of this week’s US economic reports was weaker than expected, with gains extending amid hefty buying of bullish options targeting a decline in the benchmark 10-year yield below 4% in the coming weeks. Processing Content Yields gravitated back toward session lows — down three to four basis

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GM Financial readies a $925 million auto ABS deal

GM Financial Consumer Automobile Receivables Trust is preparing to raise $925 million pool of asset-backed securities, collateralized by a pool of retail installment loan contracts. The deal will sell notes to investors through eight tranches of class A, B and C notes, according to Moody’s Ratings. There are five class A tranches, and they have

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