02112016Thu
Last update: Thu, 11 Feb 2016 11am

Managed Funds

Business & Finance - Managed Funds

Yields rise before Fed policy statement, debt auctions NEW YORK: US Treasury yields rose on Wednesday ahead of the release of the Federal Reserve's latest policy statement and the U.S. government's sale of $35 billion in new five-year debt.The U.S. central bank is expected to leave interest rates unchanged when it issues its statement and acknowledge that turmoil in financial markets threatens its upbeat view of the U.S. economy, leaving the chances of a March hike diminished but alive.The Fed is due to issue its statement at 2 p.m. EST (1900 GMT) following the conclusion of a two-day policy meeting."What today is really about is sensing the response function, the pain threshold of the Fed to market moves," said Aaron Kohli, interest rate strategist at BMO Capital Markets in New York. "It's one of the few meetings where you have some change in the economic data, but a much greater change in the market."Treasury yields rose as some ...

Business & Finance - Managed Funds

Bond prices steady as oil recovers slightly ahead of FOMC NEW YORK: US Treasuries prices were steady during volatile trading on Tuesday as oil prices slightly recovered and ahead of the start of the Federal Reserve's two-day policy meeting.Treasuries rallied overnight after Chinese stocks fell sharply, dragging European stocks down and increasing appetite for U.S. government debt. The gains pared in morning trading as recovering oil prices came into focus for traders.The see-saw trading action has been frequent since the start of 2016 as jittery ...

Business & Finance - Managed Funds

Bond prices inch up on sliding oil and stocks NEW YORK: US Treasuries prices edged up on Monday, with longer-dated maturities leading the rally, as oil prices fell on swelling oversupply, dragging stocks down and stoking interest in safe-haven U.S. government debt.Prices on U.S. Treasuries had slumped on Friday as a resurgence in oil and stock prices drove selling of the debt, but oil prices fell after Iraq announced record-high oil production. Iraq's production fed into a heavily over-supplied market."All the movement is predicated ...

Business & Finance - Managed Funds

Oil, stock rallies bog down U.S. bond prices NEW YORK: U.S. Treasuries prices slumped on Friday as a resurgence in oil and stock prices that had been battered by fears over slowing global growth and a glut of crude sparked a fresh wave of selling of safe-haven government debt.Benchmark yields rose further from the 3-1/2-month lows set on Wednesday, as Wall Street jumped and U.S. oil futures scored solid gains again. Bond yields retreated from their highest levels in three sessions but managed ...

Business & Finance - Managed Funds

Bond prices jump as equities slump fuels safe-haven buying NEW YORK: US Treasuries prices rose on Wednesday, with 30-year yields hitting their lowest levels in five months, as a deepening rout in global stock and oil markets stoked a fresh wave of purchases of low-risk government debt. The bond market rally, however, cooled in late trading as US stocks bounced off their worst levels of the day. It remained unclear whether the steep drop in oil prices to 13-year lows and the dramatic selloff ...

Business & Finance - Managed Funds

US bonds pare gains after Dec CPI data NEW YORK: US Treasuries prices trimmed earlier gains on Wednesday as an unexpected fall in domestic consumer prices in December raised expectations Federal Reserve would slow its pace of rate hikes further and might allow long-term inflation to drift higher.Inflation risk erodes especially the value of medium to longer-dated bonds.The Labor Department said its Consumer Price Index, the government's broadest inflation gauge, dipped 0.1 percent after being unchanged in November. Despite the drop last month, ...

Business & Finance - Managed Funds

Govt of Sharjah to raise $500mn sukuk, to price as early as Weds DUBAI: The emirate of Sharjah will raise $500 million through a five-year sukuk transaction, which could price as early as Wednesday, a document from lead arrangers showed.The sovereign is currently retaining the pricing, as announced on Tuesday, in the area of 250 basis points over midswaps for the Islamic bond, the document showed.Sharjah finished roadshows on Monday in London, following investor meetings in the Middle East and Asia last week.Sharjah, rated A3 by Moody's and ...