09282016Wed
Last update: Wed, 28 Sep 2016 03pm

Managed Funds

Business & Finance - Managed Funds

US yields drop on Deutsche jitters, Fed rate outlook NEW YORK: US long-dated Treasury debt yields fell to three-week lows on Tuesday on concerns about ongoing problems at Deutsche Bank, Germany's largest lender, which could again delay the next interest rate hike by the Federal Reserve.Deutsche Bank, whose stock has shed over 10 percent in the last two days and more than 50 percent so far this year, is fighting a $14 billion demand from the US Department of Justice to settle claims it had mis-sold mortgage-backed securities.While the Fed in its policy statement last week suggested the likelihood of a US rate increase in December, some analysts said that could be derailed if Deutsche Bank's survival is threatened by the US lawsuit, particularly given how the Fed has been sensitive to overseas developments."There has been more pressure on German Bunds, which has spilled over to the US curve on concerns about Deutsche Bank," said Bruno Braizinha, interest rates ...

Business & Finance - Managed Funds

Bund yields fall as focus switches to US presidential showdown LONDON: Safe-haven German bond yields fell to their lowest in more than two weeks on Monday as attention turned from central banks to the first televised debate between the US presidential candidates later in the day. Polls indicate a tightening race between Democrat Hillary Clinton and Republican Donald Trump in a vote shaping up as a significant risk event for financial markets. "We are heading into the presidential debate with a positive bias in European ...

Business & Finance - Managed Funds

JGBs yield curve steepens ahead of 40-year JGB auction TOKYO: Japanese government bonds yield curve steepened slightly on Monday as long-dated debt yields rose ahead of an auction the next day while those on the shorter-end dipped.Trading was quiet, however, ahead of a U.S. Presidential election debate due later in the day and with many Japanese market players on the sidelines ahead of their half-year book closing on Sept 30.The 30-year JGB yield rose 2.5 basis points to 0.490 percent while the 40-year JGB ...

Business & Finance - Managed Funds

Euro zone bond yields edge up as bloc's economy grows gradually LONDON: Euro zone bond yields edged up on Friday as investors turned their focus to the gradually expanding euro zone economy, following a central bank-inspired rally the previous day. Flash purchasing managers' index (PMI) data showed a mixed picture from the bloc's two largest economies: French business activity hit a 15-month high while Germany's private sector growth slowed to a 16-month low.Euro zone business activity as a whole has expanded at its weakest rate since ...

Business & Finance - Managed Funds

US yields fall on bets for gradual Fed rate hikes NEW YORK: US Treasury yields declined on Thursday with benchmark yields hitting near two-week lows on revived bets the Federal Reserve would raise interest rates slowly due to weak economic growth and inflation stuck below its 2-percent goal.The US central bank on Wednesday held its target range on short-term rates unchanged at 0.25 percent to 0.50 percent, leaving the door open for a possible rate increase in December.Fed policymakers also reduced their expected average number ...

Business & Finance - Managed Funds

Euro zone bond yields tumble on hesitant Fed LONDON: Euro zone bond yields hit two-week lows on Thursday, with Germany's firmly back below zero percent as Federal Reserve and Bank of Japan meetings this week eased fears that central banks are running out of ammunition to bolster growth and inflation. The Fed on Wednesday left US interest rates unchanged and slowed the pace of future rate hikes it expects.That followed an abrupt shift in monetary policy by the BOJ to target interest rates ...

Business & Finance - Managed Funds

Germany's 10-year Bund yield hits two-week low after Fed LONDON: Germany's benchmark 10-year Bund yield fell to two-week lows on Thursday, moving decisively back into negative territory after the U.S. Federal Reserve lowered its projection for future interest rate hikes.At its two-day meeting which ended on Wednesday, the U.S. central bank held its target range on short-term rates unchanged at 0.25 percent to 0.50 percent, leaving the door open for a possible rate increase in December.But policymakers cut the number of rate increases they ...