Latest news with #auctions
Bloomberg
a day ago
- Business
- Bloomberg
A Guide to Japan's Closely Watched Government Bond Auctions
Japan's government bond auctions, once viewed as predictable and procedural, have been reborn as a barometer of stress in the nation's debt market — and a trigger for moves in yields from Europe to the US. The global importance of auctions in Tokyo has been on show since a sale of 20-year securities last month caught investors off guard when a key measure of demand fell to the lowest level in more than a decade.
News.com.au
23-05-2025
- Business
- News.com.au
How rate cut is supercharging Melbourne's late-autumn auction boom
Melbourne's auction market is set for a late autumn surge as more than 1100 home sellers who had timed their sale for the days after the Reserve Bank's interest rate decision chase a result. It's a jump of almost 300 from last weekend, with the owners who bet on a cut to add heat to their auctions hope to cash in on boosted confidence after a 0.25 per cent reduction in the cost of borrowing was announced on Tuesday. PropTrack figures show 1151 auctions are scheduled across the city this week are also up 3 per cent on the same time last year, and the number will surge to 1533 next week — a 25 per cent jump from 2024. Buyers will have the best odds in Reservoir where there will be 22 auctions, followed by Craigieburn, 21, Mount Waverley, 19, as well as Carnegie and Wollert, with 17 each. Prominent buyers' advocate Cate Bakos said lower interest rates were already prompting stronger pre-auction offers, as buyers stretched their budgets to get in before stock thins out over winter. 'There's already a shortage of listings coming through, and I expect demand will outstrip supply by June,' Ms Bakos said. Ray White Judd White director Dexter Prack said the cut had already supercharged competition in the southeast, with bidders 'coming out swinging' at midweek auctions and some vendors accepting offers days before planned weekend sales. 'Buyers who were sitting on their hands are jumping back in,' Mr Prack said. But Melbourne buyers advocate Simon Murphy said as competition rose first-home buyers were being pushed further out, with intensifying competition in fringe suburbs. 'If you're chasing value, now's the time to act, because by spring, you might be priced out,' Mr Murphy said. 'There are still good buys in areas like Craigieburn, Wollert and Rockbank. 'But the window's closing. If you wait until spring, you could be priced out.'
Bloomberg
22-05-2025
- Business
- Bloomberg
Global Pushback on Backend of the Curve: PGIM's Peters
00:00 What do you make of these moves to the long end the curve. I don't want to make this too much of a big deal if it doesn't have to be. We have sustained levels around 4 to 5% for quite a number of years now, and the economy has been okay. What does five, 12, five, 13 mean to you on a 30 year? I think it's the direction, right, not the level. And so there is just a push back globally on the back end of the curve. So if you look at what's happening in Europe, you're looking at Japan. Obviously, the US investors are are basically having a time out on the back end. And so consequently you're just seeing that, you know, the 30 year, 20 year yesterday, it really trade heavy just because there's not that investor demand. I think investors concerns are manifesting itself in term premium and kind of wait and see mode in the back end of the curve. And that makes sense to me. Can you help us understand the things we should care about and the things we should ignore? Typically, a 20 year maturity isn't something that investors like anyway, and it's auctions that we don't typically follow. All of a sudden yesterday 20 year auction self demand and everybody cared about it. And I sat there and just thought, if you care about 20 year auctions, you have no place in a bond market. What did you make of what people put on that? Well, so the 20 year definitely is an orphan type of, you know, maturity bucket, but what it says is about the duration. So forget about a 20 year, 30 year. It is adding duration to the portfolio. So that's where the pushback is. And 20 years are trading poorly everywhere as well. So it is an anti duration trade. And what you're seeing in the back and curves globally is that they're behaving like risk assets, not like the typical kind of defensive risk adverse assets. And that just kind of feeds upon itself.
Irish Times
17-05-2025
- Business
- Irish Times
Antique furniture, church bells and carpets: summer auction season hots up
The summer season of auctions has started in earnest, and those outside the capital have an eclectic choice, from Cavan to Cork, in the next week or so. Auctions were once the first place for new homeowners to pick up inexpensive pieces of furniture – and indeed china, antique cutlery sets, silver and glassware. But while tastes have changed hugely and flatpack furniture has become ubiquitous in the past few decades, auctions are still one of the best places to pick up furniture and quirky household items at keen prices. Denis Lynes points to several such pieces in Lynes & Lynes next auction in Cork on Saturday, May 24th. The 380 lots include a child's 1950s Mobo Bronco riding horse, with an estimate of €60-€100, which is far below the online offerings of similar vintage toys. The large 19th-century church bell (€800-€1,200) believed to have been from St Mary's Church of Ireland Church in Cobh There is also an antique Singer sewing machine (€30-€60), which will appeal as a display item, or it could be restored for use. The large 19th century church bell (€800-€1,200), which is believed to have been from St Mary's Church of Ireland Church in Cobh (demolished in 1967), might well be needed elsewhere. READ MORE The Singer sewing machine table with a marble top (€120-€220) Please Close the Gate sign (€40-€80) Similarly, the Victor Mee Auction of almost 900 lots on Tuesday and Wednesday, May 20th and 21st, from 6pm each day, has lots of furniture that could be painted or polished for use in period or modern homes. For example, there are a few good mahogany chests of drawers (€300-€600 each). Also gilt over mantle mirrors – one at €260-€460 and another more ornate one for €400-€800, and Persian carpets (€600-€1,200) could add style to any living space. A 19th-century carved oak blanket box (€150-€250) and a carved oak floor bookcase (€250-€450) are more practical items. The Singer sewing machine table with a marble top is also a very special piece (€120-€220), and the Please Close the Gate cast-iron sign (€40-€80) is bound to attract buyers. Le Desepsoir (The Despair) by French sculptor Auguste Rodin. Photograph: Guillaume Souvant/AFP via Getty Rodin on view A marble sculpture by French sculptor August Rodin, Le Desepsoir (The Despair), which was created between 1892 and 1893, is set for auction next month. The piece, from the creator of The Kiss and The Thinker, has an estimate of €500,000, and is on view at Château de Villandry, near Tours, ahead of its sale by auction house Rouillac. Sian Taylor, the auction manager at Propstore, showcasing the original props from Thomas & Friends with signed items from celebrities including Olivia Colman, Eddie Redmayne and Hugh Bonneville. Photograph: Mattel/PA Thomas for sale Finally, in association with the American toy manufacturer, Mattel, Prop Store auctions is hosting an online charity auction to celebrate the 80th anniversary of Thomas & Friends. The auction of 200 lots from the beloved television show runs until May 28th. Mattel UK will pay all net proceeds (about 70 per cent) to the National Autism Charity. ; ;
Japan Times
16-05-2025
- Business
- Japan Times
Japan to ease 1-year buyback rule for stockpiled rice
The agriculture ministry Thursday decided to ease a key bidding rule for government-stockpiled rice that requires a buyback within a year, in a bid to promote the circulation of such rice in the market. The government has held three auctions to sell stockpiled rice in the hopes of curbing soaring prices. But the average retail price is still more than double that a year earlier. Under the current rules, the government will buy back the same quality and quantity of rice sold to the buyers within a year. Due to the small window, distributors are said to be refraining from releasing rice into the market as they expect prices to remain high. By extending the limit to five years, the government aims to secure a bigger pool of bidders, officials said. The government has released 312,296 tons of stockpiled rice over three auctions. It plans to release 100,000 tons per month in auctions between May and July.
