02102016Wed
Last update: Wed, 10 Feb 2016 09am

Managed Funds

Business & Finance - Managed Funds

Investors return but yields seen rising further  LONDON: US Treasury prices rose on Monday as a recent sharp sell-off lured investors back into the cheapened market but yields were seen creeping higher towards year-end. US 10-year yields fell 3 basis points to 1.82 percent, while 30-year yields were little changed at 3.03 percent. "We had seen a huge rally in risk markets up to the end of last week. We seem to have taken a bit of a pause for breath now as the market assesses the impact of ECB and Fed measures," RIA Capital Markets bond strategist Nick Stamenkovic said. The Federal Reserve launched another aggressive stimulus programme last week, while the European Central Bank earlier this month said it would buy unlimited amounts of bonds of struggling euro zone sovereigns, if countries asked the euro zone rescue fund for financial help first. Despite the rebound in bond prices, Stamenkovic still expected 10-year yields to end the year at around ...

Business & Finance - Managed Funds

Spain short-term yields stay high as investors await aid move  MADRID: Spain's short-term debt yields remained high at auction on Tuesday on continuing uncertainty over when, or if, Spain will apply for aid and trigger an European Central Bank bond-buying programme.   Although the Treasury sold 4.6 billion euros ($6 billion) of 12- and 18-month T-bills, beating its target of between 3.5 billion and 4.5 billion euros, and yields were slightly lower than a month earlier, the demand was mixed.   Average yields fell to 2.835 percent on the ...

Business & Finance - Managed Funds

US 10-year notes rise on bargain hunting  SINGAPORE: US 10-year Treasuries rose in Asia on Tuesday as investors stepped in to buy, attracted to the higher yields seen in the wake of a recent sell-off. Buying by Asian players was helping give a boost to Treasuries, said a trader for a US brokerage in Tokyo. "I think some accounts that weren't involved in yesterday's price action are coming in to buy after a massive sell-off on Friday," the trader said, noting that Tokyo-based players ...

Business & Finance - Managed Funds

Gilts move higher, lag Bunds, before inflation data  LONDON: UK government bond prices rose on Tuesday as investors waited to see whether inflation resumed its downward trend last month, lagging sharper gains in Bunds that were driven by unease about Spain.   The Office for National Statistics releases August inflation data at 0830 GMT. After an unexpected jump in July to 2.6 percent, the market is keen to see inflation resume its course down to the level of just over 2 percent the Bank of ...

Business & Finance - Managed Funds

US 10-year notes rise on bargain hunting  SINGAPORE: US 10-year Treasuries rose in Asia on Tuesday as investors stepped in to buy, attracted to the higher yields seen in the wake of a recent sell-off.   Buying by Asian players was helping give a boost to Treasuries, said a trader for a US brokerage in Tokyo.   "I think some accounts that weren't involved in yesterday's price action are coming in to buy after a massive sell-off on Friday," the trader said, noting that Tokyo-based players ...

Business & Finance - Managed Funds

JGBs slip as weaker yen dashes BoJ easing expectations  TOKYO: Japanese government bonds fell across the curve on Tuesday, on growing scepticism the Bank of Japan will follow the US Federal Reserve in taking stimulus steps.   At its two-day policy meeting ending on Wednesday, strategists are mixed on whether the BoJ will muster new stimulus steps, though most expect the central bank to keep easing hopes alive by presenting a dimmer view of Japan's economy. Some say the BoJ could decide to act to stem ...

Business & Finance - Managed Funds

Forex players in lurch as Treasury bides its time over swaps  WASHINGTON: Businesses that use derivatives to protect against currency fluctuations are increasingly anxious about being swept up by new US rules, despite some assurances from the Treasury Department that foreign exchange swaps would be exempt. A new regime aimed at cutting risk in the $648 trillion over-the-counter swaps market is set to go into effect over the next few months, and market players say they need guidance now from Treasury about whether their foreign exchange swaps ...