08252016Thu
Last update: Thu, 25 Aug 2016 09am

Managed Funds

Business & Finance - Managed Funds

Yields on Kenyan Treasuries rise in auction NAIROBI: The weighted average yield on Kenya's 364-day Treasury bill rose to 11.982 percent in auction on Wednesday from 11.865 percent last week, the central bank said. The yield of the six-month bill also headed higher to 11.182 percent from 11.020 at last week's sale. The bank raised a combined 13.26 billion shillings ($130.83 million) from the sale of both bills, against a target of 12 billion shillings. Next week, the bank will sell Treasury bills of all maturities worth a total of 16 billion shillings at two separate auctions, it said. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

BoE's bond-buying struggles reverberate across euro zone markets LONDON: German bond yields fell to a one-week low on Tuesday after the Bank of England had to pay up to prise long-dated bonds from reluctant investors in an auction for its relaunched quantitative easing scheme.The falls in yield seen across euro zone markets tracked those in British bonds after the reverse auction -- the third since the bank relaunched QE earlier this month -- showed further evidence of an unwillingness by investors to sell ...

Business & Finance - Managed Funds

Saudi govt selling up to 20bn riyals of bonds RIYADH: The Saudi Arabian government is raising up to 20 billion riyals ($5.3 billion) from banks in this month's sale of domestic bonds, financial website Maaal reported on Tuesday. The government began the regular monthly sales in mid-2015 to help cover a budget deficit caused by low oil prices. Since then it has sold 156.6 billion riyals of bonds, of which 70.5 billion has come in the first half of this year, Maaal said.The government ...

Business & Finance - Managed Funds

Euro zone yields creep up after resilient German, French data LONDON: Germany's benchmark 10-year bond yield nudged off a one-week low on Tuesday after strong data from the euro zone's two biggest economies pointed to resilience in the face of the UK's shock vote to leave the European Union. German private sector growth slowed in August, but remained robust overall, a purchasing managers' index showed, suggesting Europe's biggest economy is set to keep on expanding in the summer months after it grew more than expected ...

Business & Finance - Managed Funds

Portugal's bond yields recede from 3-week high as rating fears ebb LONDON: Portugal's 10-year bond yield edged back from a three-week high on Monday after the country passed a ratings test that soothed concerns it could be on the brink of a potentially catastrophic downgrade. The move marked a modest recovery from last week's biggest jump in yields in nearly four months after DBRS, the agency that holds Lisbon's only investment grade rank - which it needs to qualify for the European Central Bank's bond-buying scheme ...

Business & Finance - Managed Funds

Yields fall as Yellen speech in focus for rate view NEW YORK: US Treasury prices gained slightly on Monday as investors waited on a speech by Federal Reserve Chair Janet Yellen on Friday for any new indications on when the US central bank will next raise interest rates.Yellen is in focus with no major US economic data due until Friday's second read of gross domestic product for the second quarter.Fed Vice Chairman Stanley Fischer said on Sunday that the Fed is close to hitting its ...

Business & Finance - Managed Funds

India bonds, rupee fall after Patel chosen to head RBI MUMBAI: Indian bonds and currency fell on Monday as investors took the appointment of Urjit Patel as the next governor of the Reserve Bank of India as a signal of policy continuity at the central bank, making a near term cut in interest rates unlikely. The benchmark 10-year bond yield rose 4 basis points to 7.14 percent, while the rupee fell to a near one-month low of 67.17/67.18 to the dollar, compared with its close ...