05292016Sun
Last update: Sun, 29 May 2016 03am

Managed Funds

Business & Finance - Managed Funds

Greek two-year yields post biggest monthly decline since August LONDON: Short-dated Greek yields touched six-month lows on Friday, having enjoyed their biggest monthly fall since August after a crucial bailout deal and on hopes Greek debt will be accepted into the ECB's QE programme.The agreement between Greece and its creditors pushed down yields across the euro zone this week and most markets extended those declines on Friday, with German 10-year yields at 11-day lows.Greek debt has been this week's outperformer after the May 25 deal unlocked bailout loans, along with a provisional offer to help relieve the country's debt mountain. After six months of uncertainty, the move spurred a sharp fall in short-dated Greek yields, which for some time had been higher than long-dated yields - a so-called curve inversion that reflects fears of default.Greece's finance minister said on Thursday he hoped the deal meant Athens could swiftly qualify for the European Central Bank's quantitative easing programme of bond-buying, ...

Business & Finance - Managed Funds

JGBs edge higher, underpinned by month-end buying TOKYO: Japanese government bonds edged up on Friday, bolstered by month-end buying and the Bank of Japan's asset purchases. The benchmark 10-year yield fell half a basis point to minus 0.120 percent, while June 10-year futures ended up 0.10 point at 152.03.The Bank of Japan offered to buy 240 billion yen of 10- to 25-year JGBs and 160 billion yen of 25- to 40-year JGBs under its asset buying programme.But overall market moves were small, ...

Business & Finance - Managed Funds

German yields hit 10-day trough as chances of US June hike diminish LONDON: German yields fell to a 10-day low on Friday, with this week's weaker-than-expected data and Britain's upcoming EU referendum seen diminishing the chances of an interest rate rise in the United States next month. Bund yields, which touched a one-month high just days ago, fell in line with their US equivalents, extending a decline that started on Thursday after data on US business spending plans failed to live up to expectations.The data was swiftly ...

Business & Finance - Managed Funds

US bond prices rise ahead of 7-year note sale NEW YORK: US Treasury prices rose on Thursday with short- and medium-dated yields retreating from 10-week highs, ahead of a $28 billion sale of seven-year notes, the final leg of this week's $88 billion in longer-dated government debt supply. Bargain-minded investors emerged following the backup in US yields the previous two sessions, while some fund managers added longer-dated Treasuries for month-end rebalancing in an effort to match expected changes of their portfolio benchmarks, analysts said. ...

Business & Finance - Managed Funds

US bond prices rise ahead of 7-year note sale NEW YORK: US Treasury prices rose on Thursday with short- and medium-dated yields retreating from 10-week highs, ahead of a $28 billion sale of seven-year notes, the final leg of this week's $88 billion in longer-dated government debt supply.Bargain-minded investors emerged following the backup in U.S. yields the previous two sessions, while some fund managers added longer-dated Treasuries for month-end rebalancing in an effort to match expected changes of their portfolio benchmarks, analysts said."The dip-buying ...

Business & Finance - Managed Funds

German yields nudge up as oil prices clear $50 a barrel LONDON: Europe's benchmark German bond yield nudged up on Thursday as oil prices cleared $50 for the first time in 2016 and raised the prospects of a future boost to the bloc's near-zero inflation. The tentative rise in yields, which followed a broad rally on Wednesday after Greece struck a debt deal with its international creditors, also came ahead of US durable goods data that could provide further fuel for those calling for another rate ...

Business & Finance - Managed Funds

US bond prices flat ahead of 5-year note sale NEW YORK: US Treasury prices were little changed on Wednesday, paring initial losses, in advance of a $34 billion auction of five-year notes following Tuesday's stellar two-year debt sale. Short- and medium-term yields touched 10-week highs in earlier trading, as further gains on Wall Street and growing bets on a possible Federal Reserve rate increase this summer reduced demand for US government debt. The decline in US bond prices was limited by expectations of solid ...