08272016Sat
Last update: Sat, 27 Aug 2016 11am

Managed Funds

Business & Finance - Managed Funds

Indonesia sells 18trn rupiah of bonds at auction, above target JAKARTA: Indonesia sold 18 trillion rupiah ($1.37 billion) of bonds at an auction on Tuesday, above the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The t-bills maturing in May 2017 had a weighted average yield of 5.81434 percent in Tuesday's auction.The weighted average yield for bonds maturing in July 2021was 6.61373 percent, slightly lower than the 6.64090 percent in the previous auction on Aug. 2.Bonds maturing in May 2031 had a weighted average yield of 7.19999 percent, compared to 7.18357 percent in the previous auction.The weighted average yield for bonds maturing in May 2036 was 7.31998 percent.Total bids were 36.96 trillion rupiah, lower than 45.88 trillion rupiah received in the Aug. 2 auction.The highest bid-to-cover ratio was 4.74 for the t-bills maturing in May 2017.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Euro zone bond yields pull away from record lows, firm stocks weigh LONDON: Euro zone government bond yields pulled away from record lows on Monday as rallying equities dented the appeal of fixed income markets, even as weak economic data kept the onus on central banks to provide stimulus to support global growth. World shares traded at one-year highs, while European stocks rose to a seven-week peak on the back of firmer healthcare stocks. Economic data from around the world meanwhile continued to support the case for ...

Business & Finance - Managed Funds

Euro zone bonds stay near record lows on poor economic data from Asia LONDON: Euro zone government bond yields held around record lows as poor economic data from Asia kept the onus on central banks to provide stimulus to kick start the global economy. Japan's second-quarter economic growth fell short of expectations while Chinese activity slowed in July, with investment growing at its slowest pace since the turn of the century, data out on Friday showed.Chinese stocks jumped to a seven-month high amid speculation more stimulus would be ...

Business & Finance - Managed Funds

Euro zone bond yields rise on oil surge, US rate hike prospects LONDON: Euro zone bond yields edged back from record lows on Friday, helped by Thursday's almost 5-percent rise in oil prices and support from San Francisco Federal Reserve chief John Williams for a rise in interest rates this year. Oil was down marginally on the day, but is broadly back at three-week highs on expectations that the OPEC group of exporters will discuss ways to prop up a market that continues to be dogged by ...

Business & Finance - Managed Funds

Spanish bond yields hit record low as coalition talks progress LONDON: Spanish government bond yields dropped to a record low on Thursday as acting prime minister Mariano Rajoy edged closer to securing a second term in office and ending a near eight-month political deadlock.This came against the backdrop of a broad rally in low-rated euro zone government bonds this week on expectations that the European Central Bank will move further down the ratings spectrum to fulfil its asset purchase programme. Spain's 10-year bond yield fell ...

Business & Finance - Managed Funds

US high-grade bond market sets record for August NEW YORK: The red-hot US investment-grade bond market set a record Wednesday for the biggest August of issuance ever, topping the 2007 mark just eight business days into the month.With five deals in the market on Wednesday, the high-grade primary had already tallied US$76.9bn in new issuance even before all of the day's offerings had been launched.Many syndicate desks were predicting only around US$70bn of total issuance this month.But that was easily met in just ...

Business & Finance - Managed Funds

British yields make one of biggest forays into negative territory in 300-year history LONDON: British gilt yields made one of their biggest forays into negative territory in their 300-year history on Wednesday after a bond rally sparked by the Bank of England's unexpectedly aggressive stimulus package unveiled last week. Yields on two non-benchmark short-dated government bonds went into negative territory for a second day running for the first time, and a third dipped into red, having first done so shortly after Britain's decision to leave the European Union. ...