01242017Tue
Last update: Tue, 24 Jan 2017 03am

Managed Funds

Business & Finance - Managed Funds

Italian yields hit six-week high, safe-haven Bund yields fall on Trump LONDON: Italian government bond yields hit six-week highs on Monday, bucking a broader fall in euro zone debt yields, before a hearing on the legitimacy of new electoral law.Germany led most euro zone bond yields lower as new U.S. President Donald Trump's early tone injected a dose of uncertainty into world markets, lifting demand for safe-haven debt.But in Italy, caution crept in before Tuesday's Constitutional Court hearing on a disputed electoral law.The referendum rejected by voters on Dec. 4 would have eliminated Italy's upper house, the Senate, which has a proportional voting system, while a first-past-the-post law was approved for the lower house in 2015.This lower house law is being challenged in the court, although it remains unclear whether there will be a definitive ruling this week.Italy's usually tight-lipped president has said Italy must adopt a new electoral law before a national vote can be called -- something many party ...

Business & Finance - Managed Funds

Russia's Rusal looks for benchmark size Eurobond issue MOSCOW: Russian aluminium giant Rusal is looking for a benchmark size for its debut US-dollar denominated Eurobond issue, two financial market sources told Reuters. On Friday, Rusal started investor meetings in Europe, North America and Asia testing appetite for its planned Eurobond issue which will have a tenor of up to five years.For a company of Rusal size, benchmark size starts from $500 million. The company plans to use proceeds from the Eurobond issue to ...

Business & Finance - Managed Funds

Yields rise at Egypt's six-month and one-year T-bills auction CAIRO: Average yields on Egyptian six-month and one-year Treasury bills rose at an auction on Thursday, central bank data showed.The yield on 182-day Treasury bills rose to 20.109 percent from 20.060 percent at the previous auction. The yield on 364-day bills rose to 20.187 percent from 20.109 percent last week at the most recent previous auction of similar tenor bonds. Copyright Reuters, 2017 ...

Business & Finance - Managed Funds

Bonds ease on Yellen, Hungarian auction draws robust demand BUDAPEST/PRAGUE: Central European government debt yields mostly rose on Thursday after Fed signals of continuing US rate hikes and Czech central bankers played down speculation they would rush to end the crown cap.Fed rate hikes make bonds in the region relatively less appealing."The mood is a bit negative as the new US president will swear in soon and we have already seen that his comments can move the dollar," one Budapest-based dealer said to explain ...

Business & Finance - Managed Funds

Mauritius offers 3-year Treasury bond worth 1.8bn rupees PORT LOUIS: Mauritius will sell a three-year Treasury bond worth 1.8 billion rupees ($50.42 million) next week, the central bank said. The Bank of Mauritius said in a statement on Wednesday it would receive bids on Jan. 25 and auction the bond on the same day. It said the bond would carry a coupon rate of 3.15 percent and would mature on Oct. 28, 2019. Copyright Reuters, 2017 ...

Business & Finance - Managed Funds

Mauritius 91-day T-bills yield falls to 2.69pc PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill fell to 2.69 percent at auction on Friday from 2.75 percent at the last sale, the central bank said.The Bank of Mauritius sold all the 1.3 billion rupees worth of the debt it had offered. Copyright Reuters, 2017 ...

Business & Finance - Managed Funds

Euro zone yields edge higher on Fed warnings, Italy rating review looms LONDON: Euro zone bond yields rose on Friday after comments from US policymakers overnight prompted concerns that monetary policy in the world's largest economy could tighten faster than previously expected, though poor Chinese export data kept a cap on yields. Federal Reserve officials said on Thursday that fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for inflation and debt problems they might have to counteract. This ...