India says foreign investors may buy inflation-linked bonds
2013-05-20 16:06:21 GMT : (Markets - Fixed Income/Europe)
MUMBAI: India's new inflation-linked bonds will be sold to foreign investors as part of an up to $25 billion investment limit for government debt allotted for demand from overseas, Reserve Bank of India (RBI) officials said on Monday.However, inflation-linked bonds will be issued separately from a scheduled weekly auctions of government bonds, the officials said in a teleconference providing d...
Stronger US growth prospects weigh on German Bunds
2013-05-20 07:50:20 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds fell on Monday after forecast-beating US consumer sentiment data last week dented appetite for low-risk assets.Friday's data eased worries that the US economy could slow down markedly due to government spending cuts and prompted investors to speculate the Federal Reserve may scale back its bond buying programme later this year.Fed Chairman Ben Bernanke's testimony befo...
UK gilts join bond rally as US economy falters
2013-05-16 22:29:46 GMT : (Markets - Fixed Income/Europe)
LONDON: British government bonds bounced on Thursday in a broad bond-market rally after US economic data raised fears about the health of the world's leading economy.Earlier on Thursday, Britain auctioned 2.5 billion pounds ($3.8 billion) of 2044 gilts, drawing bids totalling double the amount on offer and a 3-tick price tail, half the tail when it last sold the gilts in April.June gilt future...
Nigeria sells 110bn naira in bonds, yields up
2013-05-16 09:40:21 GMT : (Markets - Fixed Income/Middle East & Africa)
LAGOS: Nigeria sold 110 billion naira ($698.86 million) worth of bonds with maturities ranging from five years to 20 years at higher yields across, apart from a note maturing in 2015, the Debt Management Office (DMO) said on Thursday.All notes are re-opening of previously issued bonds.The debt office said it sold 35 billion naira in the 20-year bond, 25 billion naira in the 7-year paper and 50 bil...
Nigeria plans 121bn naira T-bill auction
2013-05-15 12:16:00 GMT : (Markets - Fixed Income/Middle East & Africa)
LAGOS: Nigeria plans to sell 121.33 billion naira ($771 million) worth of treasury bills with maturities ranging from three months to one year at its twice-monthly auction on May 22, the central bank said on Wednesday.The bank said it will auction 20.65 billion naira in 91-day bills, 30 billion naira in 182-day notes and 70.68 billion naira in 364-day paper, using the Dutch auction system.Yields a...
JGBs recover ground, bargain-hunters emerge after big sell-off
2013-05-15 05:50:08 GMT : (Markets - Fixed Income/Asia)
TOKYO: Japanese government bond prices erased earlier losses and turned positive on the day on Wednesday after their three-day sell-off prompted bargain-hunting by investors.The 10-year JGB futures price was up 0.13 point on the day at 142.24, having recovered from low of 142.36 while the yield on the current 10-year bonds fell to 0.845 percent from a one-year high of 0.920 percent.Copyright Reute...
Italian bond yields edge up before debt sale
2013-05-13 10:01:40 GMT : (Markets - Fixed Income/Europe)
LONDON: Italian yields edged up before a bond sale on Monday, while Bund futures recovered from six-week lows after a European Central Bank policymaker reiterated a deposit rate cut was possible.Italy will offer up to 8 billion euros of fixed-rate bonds and debt linked to 6-month Euribor (CCTEUs) at its regular mid-month auction. Traders said investors sold Italian bonds early in the session to ma...
US 10-year notes drop as dollar gains upper hand
2013-05-13 07:05:20 GMT : (Markets - Fixed Income/Asia)
TOKYO: US 10-year Treasuries skidded in Asian trading on Monday, pushing benchmark yields to two-month highs, as the US dollar rose to a fresh 4-1/2-year peak against the yen.The yen fell as low as 102.15 yen against the dollar, after the Group of Seven finance officials avoided censuring Japan's efforts to pull itself out of deflation, which have weakened its currency.Instead, G7 officials ga...
JGBs dive for two straight days, futures hit 1-year low
2013-05-13 06:56:59 GMT : (Markets - Fixed Income/Asia)
TOKYO: Japanese government bond prices dived for two straight sessions on Monday as soaring Japanese share prices prompted investors to question their long-standing confidence in low-risk but low-yielding Japanese government bonds.The benchmark futures price posted its biggest two-day decline in almost two and a half years to hit a one-year low, with the Tokyo Stock Exchange briefly suspending tra...
Bunds tumble with U.S bonds as dollar spurs selling
2013-05-10 12:23:43 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds fell to their lowest in over a month on Friday, in line with a selloff in US and Japanese bonds triggered by the dollar's sharp rise against the yen.Traders said the dollar's rise to a 4-1/2 high of 101.66 yen had prompted selling of Treasuries and Japanese bonds by investors who needed to hedge some structured deals, and Bunds were caught in their downdraft.Demand for...
US 10-year notes dented by upbeat data, yen's drop
2013-05-10 04:58:21 GMT : (Markets - Fixed Income/Asia)
SINGAPORE: US 10-year Treasuries sagged on Friday, after the previous day's jobless claims data eased some concern about the economy's outlook and as the dollar's rise to a four-year high versus the yen weighed on sentiment.The 10-year yield hit a one-month high of about 1.844 percent earlier, its highest level since early April. Ten-year notes were last down 8/32 in price and the 10-y...
JGBs steady in thin trade supported by BoJ operations
2013-05-09 05:59:32 GMT : (Markets - Fixed Income/Asia)
TOKYO: Benchmark Japanese government bonds were steady in thin trade on Thursday, supported by the Bank of Japan's asset-buying operations.The BoJ offered to buy 600 billion yen ($6.07 billion) in JGBs outright with residual maturities of more than 5 years and up to 10 years, and another 600 billion yen maturing in more than one year and up to 5 years.The 10-year Japanese government bond yield...
Swiss franc firmer vs dollar; Draghi remarks weigh on euro
2013-05-07 09:46:14 GMT : (Markets - Fixed Income/Europe)
ZURICH: The Swiss franc strengthened against the dollar on Tuesday, diverging from the euro, which weakened again against the greenback after Monday's dovish comments from the European Central Bank chief.ECB President Mario Draghi reiterated the central bank's readiness to cut interest rates - including the zero deposit rate - further if the euro zone economy deteriorates, sending the euro...
Bunds steady on ECB easing expectations
2013-05-07 09:43:21 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds held steady on Tuesday, with expectations the European Central Bank may ease policy offsetting selling pressure from a pick-up in the US labour market.ECB President Mario Draghi departed from a prepared speech on Monday to reiterate that the central bank was ready to do more, after cutting interest rates last week, to support the ailing euro zone economy.Bets policy would be e...
US 10-year yield off 3-week high, focus on auctions
2013-05-07 05:59:49 GMT : (Markets - Fixed Income/Asia)
SINGAPORE: The US 10-year Treasury yield slipped on Tuesday, edging away from a three-week high set the previous day, when bonds extended their losses in the wake of last week's better-than-expected jobs data.The near-term focus is on this week's bond auctions. The Treasury will sell $32 billion in three-year notes on Tuesday, $24 billion in 10-year notes on Wednesday and $16 billion in 30...
Euro tripped by ECB, Aussie eyes rate decision
2013-05-06 23:19:20 GMT : (Markets - Fixed Income/Australia)
SYDNEY: The euro struggled to gain any momentum in early Asian trade on Tuesday, while the Australian dollar nursed losses as bears bet on the prospect of a cut in interest rates later in the session.The common currency was at $1.3073, having pulled back from Monday's high of $1.3141. It fell as far as $1.3053 after the head of the European Central Bank (ECB) reiterated the central bank's ...
Indian bond yields up as OMO discounted, supply worries
2013-05-06 13:50:39 GMT : (Markets - Fixed Income/Asia)
MUMBAI: Indian federal bond yields rose on Monday as sentiment was broadly hit after the central bank said the scope for future rate cuts was limited, with the Reserve Bank of India's bond purchase plan this week failing to provide cheer.The 25 basis point rate cut on Friday failed to enthuse markets as it was broadly discounted, while the central bank's view that there is limited scope fo...
Spain targets up to 4.5bn euros in bonds
2013-05-06 12:44:27 GMT : (Markets - Fixed Income/Europe)
MADRID: Spain said on Monday it aims to issue between 3.5 billion and 4.5 billion euros ($4.59 billion-$5.90 billion) in bonds on Thursday.The Treasury will auction bonds due July 30, 2016, Jan. 31, 2018 and July 30, 2026 on Thursday.Copyright Reuters, 2013
India central bank to buy up to 100bn rupees of bonds
2013-05-03 13:41:10 GMT : (Markets - Fixed Income/Asia)
MUMBAI: India's central bank will buy up to 100 billion rupees ($1.9 billion) of federal government bonds on May 7 through open market operation, it said in a release on Friday.The Reserve Bank of India will buy 8.07 percent 2017-July bonds, 7.35 percent 2024 bonds, 8.20 percent 2025 bonds and 8.28 percent 2032 bonds.The auction will be conducted using the multiple price method, the central ba...
JGBs mostly rise, underpinned by BoJ bond buying operations
2013-05-02 09:56:54 GMT : (Markets - Fixed Income/Asia)
TOKYO: Japanese government bond prices rose on Thursday, with the benchmark yield falling to a nearly two-week low, bolstered by the Bank of Japan's asset-buying operations.Tokyo markets will be closed on May 3 and May 6 for a string of holidays known as Golden Week, so market participants also cited some position adjustment ahead of the long weekend, followed by a week in which the finance mi...