07242016Sun
Last update: Sun, 24 Jul 2016 09pm

Managed Funds

Business & Finance - Managed Funds

Emerging bond fund inflows hit new weekly record high: JPM LONDON: Flows into emerging market bond funds set a new record high of $4.7 billion in the past week, and combined equity and debt inflows were the second highest on record, JPMorgan said on Friday. The bumper inflows come despite a revival in expectations for a US rate rise this year and a failed July 15 coup in Turkey which has resulted in a government crackdown and massive selloff in local markets."The surge in retail demand for emerging markets continues to strengthen with another solid week of subscriptions," JPM, which runs the most widely used emerging debt indexes, told clients.JPM said the past week's bond inflow had surpassed the previous record of $3.3 billion set two weeks ago, which was the highest since it started tracking the data in 2004. This has taken cumulative flows to emerging debt to $19.9 billion.The sector posted outflows of $14.4 billion in 2015.However, investors ...

Business & Finance - Managed Funds

US 10-year TIPS supply fetches solid demand NEW YORK: The US Treasury Department on Thursday sold $13 billion of 10-year Treasury Inflation Protected Securities to solid investor demand at a yield of 0.045 percent, the lowest yield at an auction since May 2013, Treasury data showed. The ratio of bids to the amount of 10-year TIPS offered was 2.39, up from 2.27 at the prior auction in May and the highest since March 2015.Indirect bidders which include fund managers and foreign central ...

Business & Finance - Managed Funds

US 10-year yields hit four-week high after US data  NEW YORK: US Treasury long-dated debt yields rose on Thursday, boosted by generally upbeat US economic data as well as remarks by the European Central Bank's president that downplayed the impact of Britain's move to exit the European Union.US 10-year note yields, which move inversely to prices, climbed to four-week peaks, while that of US 30-year bondsadvanced to three-week highs. Long-dated yields climbed for a second straight session.Thursday's data showed US initial jobless claims hit ...

Business & Finance - Managed Funds

Spanish bond yields turn negative at 3.1bn euros auction MADRID: Spain sold 3.1 billion euros ($3.42 billion) in bonds on Thursday, with yields dipping into negative territory for the first time on the shortest-dated paper and falling across other maturities as investors seek out safe havens. Average yields on a 0.25 percent three-year bond due Jan. 31, 2019 fell to -0.072 percent, compared to 0.137 percent when the paper was last sold in mid-June. The Spanish treasury sold 1.7 billion euros of the bond, ...

Business & Finance - Managed Funds

Euro zone bond yields rise as risk rally dents safe-haven demand LONDON: Euro zone bond yields rose on Wednesday, giving up early falls as upbeat company earnings boosted US and European stock markets at the expense of safe-haven bonds. The European Commission said consumer confidence in the euro zone and European Union fell sharply in July, a new sign of weaker morale after last month's shock British vote to leave the European Union. But the data was broadly in line with analysts' expectations, removing an incentive ...

Business & Finance - Managed Funds

Yields fall ahead of first major post-Brexit euro area data LONDON: Euro zone bond yields fell on Wednesday ahead of the clearest measure yet of how Britain's shock vote to leave EU is likely to spill over into the bloc's economy at large. The initial reading of euro zone consumer confidence for July is due at 1400 GMT after a survey on Tuesday indicated the mood among investors in the bloc's biggest economy, Germany, had plunged this month due to post-Brexit uncertainty.Further signs that the ...

Business & Finance - Managed Funds

Prices rise as risk appetite slides with weak stocks, oil NEW YORK: US Treasury debt prices gained on Tuesday as risk appetite waned following declines in stocks, hurt by the drop in oil prices as well as soft consumer sentiment data in Germany. Yields on US 10-year notes and 30-year bonds fell as a result after three days of gains, while those on the short end of the curve were mixed. A coup attempt may have been averted in Turkey, but the ramifications, including a ...