02082016Mon
Last update: Mon, 08 Feb 2016 08am

Managed Funds

Business & Finance - Managed Funds

JGBs mostly higher, 10-year yield edges near zero TOKYO: Japanese government bond prices soared on Friday, with the benchmark 10-year yield edging near zero percent after Japanese share prices plunged on a rise in the yen, undermining any benefits from the Bank of Japan's negative interest rates. The 10-year yield fell 3.0 basis points to 0.025 percent. The five-year yield fell 3.5 basis points to minus 0.185 percent while the two-year yield fell to as low as minus 0.200 percent. All of those yields were at record lows. The 10-year JGB futures rose 0.48 point to 151.40. The notable exception was 30-year bonds, which were capped by caution ahead of an auction of 30-year bonds on Tuesday. JGB yields have been plunging since last Friday when the BOJ announced negative interest rates of 0.10 percent. Short-term bond yields have fallen well below 0.10 percent as investors speculated the BOJ might cut rates further in the future. Such speculation ...

Business & Finance - Managed Funds

Bonds steady, Friday's jobs report in focus NEW YORK: US Treasuries were steady on Thursday as data showed weaker U.S. growth, with investors focused on an employment report on Friday for further signs about economic momentum.The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff.Signs of creeping employment weakness were also flagged by a separate report showing a 218 percent ...

Business & Finance - Managed Funds

Norway's $810bn wealth fund to question companies on human rights OSLO: Norway's $810-billion sovereign wealth fund, the world's largest, said on Thursday it would raise its focus on global human rights to ensure that companies it invests in follow ethical standards."We're publishing our expectations for how companies manage human rights," the fund said in a statement. "Norges Bank Investment Management, as a financial investor, expects companies to respect human rights, and address human rights issues in their business practices." The fund's ethical rules prevent it ...

Business & Finance - Managed Funds

Spain hits target with 3.5bn euro triple bond sale MADRID: Spain sold 3.5 billion euros ($3.90 billion) of debt at a triple bond sale on Thursday, in line with its target as political uncertainty fails to dissuade investors in search of returns. Spain has been unable to form a government since the Dec. 20 election, with four political parties struggling to form a coalition.A strong pace of economic growth, which according to officials hit a year-on-year rhythm of 3.5 percent in January, is giving ...

Business & Finance - Managed Funds

Nigeria to issue 90bn naira bonds on Feb 10 LAGOS: Nigeria plans to raise 90 billion naira ($452.26 million) worth in local currency denominated bond at an auction on Feb. 10, the second of such this year, the Debt Management Office (DMO) said on Thursday. The debt office said it will sell 40 billion naira in paper maturing in 2020 and 50 billion naira in the debt maturing in 2026, using the Dutch Auction System, in which the price is lowered until the bond ...

Business & Finance - Managed Funds

Yields rise from one-year lows as oil, stocks gain NEW YORK: US Treasury yields ended higher on Wednesday as oil prices and stocks gained, after earlier falling to one-year lows on data that showed slowing growth in the U.S. service sector, adding to concerns about the weakening US economy.Oil prices rose 8 percent on Wednesday, snapping a two-day rout, while stocks turned positive in late day trading.The move capped a volatile day that saw benchmark 10-year note yields plunge below technical resistance to a ...

Business & Finance - Managed Funds

German five-year bond yields hit record low after failed auction LONDON: Five-year German bond yields hit a new record low on Wednesday after an auction that drew fewer bids than the amount on offer but which analysts said was not as negative as it appeared. Germany sold 3.971 billion euros of new five-year Bobl notes at what was the fifth technically uncovered auction of its kind. Technically uncovered auctions are not uncommon in Germany, where debt sales often depend on investor interest on that particular ...