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US Dollar Strengthens Against The Loonie as Oil Prices, Bond Yields Rise

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The US dollar inched higher against its Canadian counterpart on Thursday afternoon as oil prices and US 10-year Treasury bond yields continued to rise, adding to inflationary pressures.

US 10-year bond yields were up 4.936%, despite the US Treasury Department's Wednesday announcement that it would raise its bond buybacks to up to $6 billion for an operation beginning today.

The greenback edged up 0.2% to CA$1.3823 on last look.

With Middle East hostilities escalating and spreading to Yemen and Saudi Arabia, oil prices soared above the $100-per-barrel mark to reach the highest levels since May.

West Texas Intermediate October crude oil futures, the US benchmark, jumped 6.2% to $101.98 per barrel. November Brent oil futures, the international benchmark, climbed 6% to $107.29 per barrel.

Comex gold December futures fell 1.4% to $4,400.30 per ounce.

What else is happening in Treasury?

Treasury

Bangkok Bank Files for Singapore Listing of $750 Million Bonds

Bangkok Bank (SET:BBL) filed for the listing of $750 million worth of bonds on the Singapore bourse, according to a Thursday filing.The bank listed $450 million of 5.299% senior bonds due 2031 and $300 million of 5.796% senior bonds due 2036.The debt securities will be listed and quoted on the Bonds Market on Sept. 11, the filing said.

^STISET:BBL
Treasury

DocMorris Completes Offering of CHF100 Million Convertible Bonds Due 2031

DocMorris (DOCM.SW) said Wednesday it completed an offering of 100 million francs of 1.5% convertible bonds that will mature on March 16, 2031.The online pharmacy company will guarantee the bonds issued by its DocMorris Finance subsidiary at par. The issuer will have the option to redeem the bonds ahead of maturity at any time on or after Oct. 7, 2029, subject to various conditions.Proceeds from the offering will be used to buy back the company's outstanding 2028 bonds and for general corporate expenditures.Settlement is expected by Sept. 16.

$DOCM.SW
Treasury

Hengyi Petrochemical Raises Registered Capital to 4.1 Billion Yuan After Bond Conversions

Hengyi Petrochemical (SHE:000703) raised its registered capital to 4.11 billion yuan from 3.82 billion yuan following bond conversions.Between April 11 and Sept. 8, the chemical fiber manufacturer's total shares increased to 4.11 billion from 3.82 billion due to bond-to-equity conversions, according to a Thursday filing with the Shenzhen bourse.Shares of the company were down 3% in recent trade.

SHE:000703