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Last update: Wed, 31 Aug 2016 07am

Managed Funds

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 of 67.07.Patel, currently an RBI deputy governor, had been seen as among the more hawkish candidates that had been in the running to take over from Raghuram Rajan, who steps down as governor on Sept. 4.Traders expect Patel to keep the repo rate on hold at the RBI's next policy review on Oct. 4 after inflation accelerated to 6.07 percent in July, above the RBI's near-term target of 5 percent.The RBI had cut the policy ...

Business & Finance - Managed Funds

Romania reaps 8.4mn tonnes wheat crop in 2016 BUCHAREST: Romania reaped a bumper wheat crop of 8.4 million tonnes this year, 7 percent up from 2015 at a 10-year record high yield, Agriculture Minister Achim Irimescu said on Sunday. Romania is a major wheat exporter and usually competes with France in export markets including Egypt, the world's biggest wheat importer. Irimescu told state news agency Agerpres average yields rose to 4.054 tonnes per hectare (ha) from 3.84 tonnes last year and that grains ...

Business & Finance - Managed Funds

US yields fall on gradual Fed rate-hike view NEW YORK: US Treasury yields slipped on Thursday on bets the Federal Reserve is in no hurry to raise interest rates with domestic inflation stuck below its 2 percent goal and uncertainty about global risks to economic growth at home.The decline in yields followed Wednesday's release of minutes of the central bank's July 26-27 policy meeting in which policy-makers said they wanted to "leave their policy options open."Thursday's data on new unemployment claims and Mid-Atlantic ...

Business & Finance - Managed Funds

Spanish 10-year bond yield hits record low on hopes of end to political stalemate LONDON: The yield on Spain's 10-year government bond fell to a record low on Thursday, pushed down by signs of progress to end the country's political deadlock. Spain's acting prime minister Mariano Rajoy said on Thursday he had taken a "decisive step" towards forming a government by agreeing to a pact with a smaller rival, but still lacks the majority he needs for a second term. The country has been mired in a political limbo ...

Business & Finance - Managed Funds

US 5-year TIPS supply sells at negative yield NEW YORK: The US Treasury Department on Thursday sold $14 billion of five-year Treasury Inflation Protected Securities at a negative yield for a second auction, Treasury data showed. The latest five-year TIPS supply, the first reopening of an issue introduced in April, was sold at a yield of -0.209 percent, which was the most negative since April 2015. In April, investors bought the five-year TIPS issue at a yield of -0.195 percent. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Yields on Kenyan Treasuries rise at auction NAIROBI: The weighted average yield on Kenya's 364-day Treasury bill rose at auction on Wednesday to 11.865 percent from 11.684 percent last week, the central bank said. In the same sale, the yield on the 182-day Treasury bill also rose to 11.020 percent from 10.811 percent last week, the bank said. The bank raised a total of 13.86 billion shillings ($136.82 million), against a target of 12.0 billion shillings, after investors offered bids worth more ...

Business & Finance - Managed Funds

US bond prices steady ahead of Fed minutes NEW YORK: US Treasury prices were little changed on Wednesday with the two-year yield hitting a three-week high, as traders waited for possible clues on the timing of an interest rate increase from the Federal Reserve.The US central bank is scheduled to release the minutes of its July 26-27 policy meeting at 2 p.m. (1800 GMT)."We are just waiting for the minutes," said John Canavan, market strategist at Stone & McCarthy Research Associates in Princeton, ...