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FINWIRES

US Dollar Nudges Higher Against The Loonie as Interest Rate Hike Expectations Rise

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The US dollar strengthened against the Canadian currency Monday afternoon on rising expectations that the US Federal Reserve could raise interest rates this week.

Gold prices fell on the increased rate rise expectations, with Comex gold December futures down 1.3% to $4,350.30 per ounce.

The greenback was last seen up 0.25% to CA$1.3903.

US 10-year bond yields were slightly lower Monday afternoon at 4.959%, after topping 5% earlier in the session.

Oil prices held above the $100 mark as fighting intensified in the Middle East.

West Texas Intermediate October futures benchmark rose 1.5% to $101.51, while November Brent crude futures edged up 1.1% to $105.78.

What else is happening in Treasury?

Treasury

Shanghai Rural Commercial Bank Completes Issuance of 3 Billion Yuan Bonds

Shanghai Rural Commercial Bank (SHA:601825) completed the issuance of 3 billion yuan of three-year fixed-rate bonds, according to a Saturday filing with the Shanghai bourse.The bonds have a coupon rate of 1.58%. Proceeds will be used to meet asset-liability allocation needs, refill funding sources, and enhance credit extension, the bank said in its filing.

SHA:601825
Treasury

National Australia Bank to Issue 15 billion Yen Subordinated Fixed Reset Notes

National Australia Bank (ASX:NAB) will issue 15 billion yen subordinated fixed reset notes due September 2036 under its $100 billion global medium term note program, according to a Monday filing with the Australian bourse.The notes will convert to fully paid shares if the Australian Prudential Regulation Authority determines it necessary to prevent the issuer from becoming non-viable, the filing said.

ASX:NAB
Treasury

HSBC Issues 54.3 Billion Yen in Senior Callable Bonds

HSBC (HKG:0005) issued 54.3 billion yen of senior unsecured callable bonds in three tranches, according to a filing with the Hong Kong stock exchange on Friday.The offering includes 21.6 billion yen of Thirteenth Series notes with a 2.769% coupon, due September 2030; 25.7 billion yen of Fourteenth Series notes carrying a 3.227% coupon, due September 2032; and 7 billion yen of Fifteenth Series notes with a 3.879% coupon, due September 2037.The lender has applied to list the bonds on the Official List of Euronext Dublin for trading on the Global Exchange Market.

HKG:0005