02072016Sun
Last update: Sun, 07 Feb 2016 01am

Managed Funds

Business & Finance - Managed Funds

EU's Dijsselbloem urges swift agreement on migrant fund for Turkey BRUSSELS: The European Union needs to reach swiftly a definitive deal on the financing of a three billion euro fund to help Turkey stem the flow of refugees into Europe, the head of euro zone finance ministers said on Friday.The fund for Turkey is part of a wider deal between the EU and Ankara that aims to tackle the worst migration crisis in Europe since World War Two."I am going to focus on trying to push the fund and get an agreement on the 3 billion, which we need," Jeroen Dijsselbloem told reporters in Brussels ahead of a meeting of EU finance ministers.Officials said on Thursday that Italy was blocking a deal on the financing of the fund.Dijsselbloem said he would hear what Italian Finance Minister Pier Carlo Padoan had to say on the matter at Friday's meeting of finance ministers.Germany - the main supporter of the migrant deal with ...

Business & Finance - Managed Funds

US bond market rallies as stocks, oil swoon NEW YORK: The US Treasury debt market rallied on Wednesday with benchmark yields hitting their lowest levels in over two months as tumbling stock and oil prices stoked investor anxiety, rekindling safe-haven bids for bonds.The scramble for bonds fed intense demand at a $21 billion auction of U.S. 10-year Treasuries notes and $46 billion worth of debt from brewer AB InBev, which was the second largest bond corporate bond deal ever."Volatility is here is to ...

Business & Finance - Managed Funds

Bond prices fall as oil prices reach 12-year lows NEW YORK: Yields on US Treasuries inched higher in volatile trading on Monday as falling oil prices and concerns over global growth drove stocks lower for much of the day, increasing investor appetite for safe haven U.S. government debt maturing between two and five years.Oil prices fell 6 percent, reaching new 12-year lows and experiencing their biggest one-day loss since September, suggesting a lack of inflationary pressures.The drop was driven by China's blue-chip stocks falling ...

Business & Finance - Managed Funds

Bond yields edge higher as market digests sell-off NEW YORK: US Treasury yields inched higher on Monday as concerns over global growth eased, leading traders to sell some safe-haven U.S. government debt ahead of a week of heavy government and corporate supply.Another pounding of Chinese stocks led world stocks to fall to near 2-1/2 year lows, but appetite for Treasuries was low, with traders and analysts saying the decline in yields last week was overextended."Last week Treasuries rallied because Chinese stocks fell and ...

Business & Finance - Managed Funds

Egypt issues $897.9 million one year T-bill at average yield of 3.248pc CAIRO: Egypt's central bank said on Monday it sold $897.9 million in one-year treasury bills at an average yield of 3.248 percent. The government has mostly relied on the local money market to finance its deficit since the ouster of autocrat Hosni Mubarak in early 2011, which has been followed by years of political and economic volatility that has deterred foreign investors and tourists - a major source of hard currency.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Spain to issue bonds due 2018, 2020 and 2023 on Thursday MADRID: Spain will issue three bonds at an auction on Thursday, the Treasury said on Friday, the first debt issuance this year and since an inconclusive general election Dec. 20. The Treasury will issue bonds due April 30, 2018, with a 0.25 percent coupon, July 30, 2020, with a 1.15 percent coupon and January 31, 2023, with a 5.4 percent coupon. The Treasury will announce the amount it wishes to raise at the auction on ...

Business & Finance - Managed Funds

Yields dip on China concerns, lack of inflation pressures NEW YORK: Safe-haven US Treasury yields dipped on Thursday on concerns that weakness in Chinese equities could have negative implications for global economic growth and after a drop in oil prices suggested a lack of inflationary pressures.China allowed the biggest fall in the yuan in five months, and Shanghai stocks were halted for the second time this week after another brutal selloff tripped a newly imposed circuit breaker. The volatility boosted prices on safe-haven Treasuries, ...