02102016Wed
Last update: Wed, 10 Feb 2016 05am

Managed Funds

Business & Finance - Managed Funds

Treasury raises $62.4mn in TARP bank share offering  WASHINGTON: The US Treasury said on Friday it had raised $62.4 million from an offering of preferred shares in four banks that received bailout funds from its Troubled Asset Relief Program. TARP, which was not actually used to buy troubled assets as originally intended, helped support ailing financial institutions during the crisis. The banks involved in the latest transaction were BNC Bancorp, First Community Corporation, First National Corporation and Mackinac Financial Corporation. Copyright Reuters, 2012 ...

Business & Finance - Managed Funds

Bunds smash through chart levels on way to 3-week high  LONDON: German Bund futures hit a three-week high on Thursday after an initial rise tracking US debt prices gathered steam when the contract broke through a series of technical barriers. Automated buying extended an earlier rise based on growing expectations of bond-buying stimulus from the US Federal Reserve and poor euro zone economic data, driving Bunds sharply higher for a second consecutive day. The September futures contract peaked at 143.72, up more than a point on the ...

Business & Finance - Managed Funds

Mauritius 273-day T-bills yield edges up  PORT LOUIS: The weighted average yield on Mauritius' 273-day Treasury bills edged up to 3.43 percent at an auction on Thursday from 3.41 percent at the previous sale, the central bank said. The Bank of Mauritius received bids worth 645 million rupees ($21.1 million) for the 400 million rupees on offer, and accepted bids worth 400 million rupees, it said in a statement. Investors put in bids at yields ranging from 3.39 percent to 4.00 percent.   Copyright Reuters, ...

Business & Finance - Managed Funds

JGBs erase gains after tepid demand at 20-year sale  TOKYO: Japanese government bond prices erased gains on Thursday after a sale of 20-year bonds met with lacklustre demand, though losses were limited amid growing expectations for more US easing and downbeat Chinese manufacturing data Strategists and market participants had expected a smooth sale, but most also said the 20-year tenor was expensive relative to other maturities.  "We retain a bullish view for the rest of the month, and I don't think this result says it all ...

Business & Finance - Managed Funds

US 10-year notes trim Fed-inspired gains in Asia  SINGAPORE: US 10-year Treasuries dipped in Asia on Thursday, taking a breather from a rally triggered when minutes of the Federal Reserve's latest meeting stirred renewed talk about the possibility of more monetary stimulus. Ten-year Treasuries fell around 2/32 in price to yield 1.704 percent, up 1 basis point from late US trade. Treasuries had rallied sharply on Wednesday with the 10-year yield sliding roughly 10 basis points. The minutes from the Fed's July 31-Aug.1 meeting released ...

Business & Finance - Managed Funds

Federal Reserve leaning toward more stimulus  WASHINGTON: Policy makers at the US Federal Reserve are leaning toward more stimulus action "fairly soon" unless economic data turns around, minutes from their meeting three weeks ago showed Wednesday. The minutes revealed most members of the Federal Open Market Committee were concerned about slowing growth and the vulnerability of the economy to external threats, particularly economic instability in Europe. "Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed ...

Business & Finance - Managed Funds

US T-notes firm as stock rally pauses, minutes eyed  LONDON: US Treasury bond prices firmed on Wednesday as a rally in US stocks faltered, with the S&P 500 facing technical resistance after hitting its highest level in four years.  * Ten-year US bond yields fell 1.2 basis points to 1.79 percent, while the thirty-year equivalent was 1.2 bps lower at 2.89 percent. One trader said the 10-year yield had met resistance at 1.86 percent - a 200-day moving average - and minutes from the Federal ...