Bloomberg Danske Bank A/S is pitching a new product to help clients net their currency transactions and reduce the need for human traders. The second-biggest Nordic bank won a contract last week with Sweden’s government to provide the service and is now using that success to attract corporate clients. “For Danske Bank to be the primary, one-and-only supplier of ...

  Bloomberg Treasury 10-year futures contracts fell by the most in more than one week after Federal Reserve Chair Janet Yellen said that improvement in the US economy would warrant raising interest rates in the coming months. Ten-year Treasury futures contracts for September delivery slid 15/32, or $4.69 per $1,000 face amount, to 129 1/4 in New York, based on ...

  Bloomberg A Chinese state-run bank has revealed the inner workings of the yuan’s reference rate mechanism, including details on the lenders that provide prices as well as how the system was tweaked following market turmoil in January. The 14 contributors, which must consider the previous day’s yuan closing price, have to take into account movements in baskets of currencies ...