05292016Sun
Last update: Sun, 29 May 2016 03am

Managed Funds

Business & Finance - Managed Funds

Russia to use Reserve Fund to offset smaller Gazprom dividends MOSCOW: Russian Deputy Finance Minister Alexei Moiseev said on Wednesday that the government would tap the country's Reserve Fund to compensate for smaller dividends from state gas giant Gazprom.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Euro zone bond yields dip as US data weighs on risk sentiment LONDON: Bond yields across the euro zone dipped on Tuesday, with German Bund yields giving up early gains as stock markets sold off in the wake of solid US inflation data that increased the chances of a Fed interest rate hike this year. US consumer prices recorded their biggest rise in more than three years in April as gasoline and rents climbed, pointing to a steady inflation build-up that could give the Federal Reserve ammunition ...

Business & Finance - Managed Funds

Yields little moved as investors unimpressed by US data NEW YORK: US Treasuries were little changed on Tuesday as investors reversed early selling spurred by stronger-than-expected consumer price data.Yields on two- and three-year notes rose to their highest in nearly three weeks after the Labor Department reported that its Consumer Price Index increased 0.4 percent in April, the largest gain since February 2013. But Treasuries retraced those levels as investors dug into the report's core numbers, which largely matched expectations.Guy LeBas, chief fixed income ...

Business & Finance - Managed Funds

Indonesia sells 6.51trn rupiah of Islamic bonds, above target JAKARTA: Indonesia's finance ministry sold 6.51 trillion rupiah ($489.66 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield of the six-month Islamic t-bill was 5.69528 percent, higher than 5.66336 percent at the last sale on May 3.The project-based sukuk maturing in January 2018 had a weighted average yield of 7.31250 percent, lower than the previous figure ...

Business & Finance - Managed Funds

Yields rise with oil prices; curve flattens on inflation expectations NEW YORK: US Treasury yields rose on Monday as a jump in oil prices to near $50 a barrel stifled demand for safe-haven US government debt and the yield curve flattened as weak US manufacturing data suggested long-term inflation could be subdued.After touching the lowest level since April 11 in overnight trading following soft retail sales and production data from China and a weak wholesale prices reading from Japan, yields retraced their losses and rose ...

Business & Finance - Managed Funds

Yields rise with oil prices; curve flattens on inflation expectations NEW YORK: US Treasury yields rose on Monday as a jump in oil prices to near $50 a barrel stifled demand for safe-haven U.S. government debt and the yield curve flattened as weak U.S. manufacturing data suggested long-term inflation could be subdued.After touching the lowest level since April 11 in overnight trading following soft retail sales and production data from China and a weak wholesale prices reading from Japan, yields retraced their losses and rose ...

Business & Finance - Managed Funds

Irish 10-year bond yields hit one-month low after ratings upgrade LONDON: Ireland's government borrowing costs fell to their lowest level in over a month on Monday after Moody's upgraded the country's credit rating. Moody's, the only agency to cut Irish debt to junk in 2011, raised its credit rating to A3 early on Saturday, meaning Ireland has won back an 'A' category rating from all the major agencies.When markets re-opened on Monday, Ireland's 10-year yields fell below 0.80 percent for the first time since April ...