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Last update: Mon, 23 Jan 2017 07am

Managed Funds

Business & Finance - Managed Funds

Bonds steady as volumes thin ahead of holiday NEW YORK: US Treasuries were steady in light trading volumes before the Christmas holiday with no new economic data due on Wednesday, as investors evaluated how many times the Federal Reserve is likely to raise interest rates next year."We've been trading in a fairly tight range the last couple of days with low volumes. It's very holiday like trading," said Dan Mulholland, head of Treasuries trading at Credit Agricole in New York."I think people are trying to assess how the next year is going to start off," Mulholland said.Benchmark 10-year notes were little changed in morning trade to yield 2.56 percent.Yields have soared since Donald Trump's election as US President last month as investors bet that he will implement new fiscal stimulus that boosts growth and inflation.The Fed was also more hawkish than expected at its December meeting last week, indicating that it may raise rates three times next year.That ...

Business & Finance - Managed Funds

Ukraine dollar-bonds hit 6-week highs as budget boosts IMF tranche hopes LONDON: Ukrainian sovereign dollar bonds rallied across the curve on Wednesday after the passage of the 2017 budget boosted chances of securing the next tranche of the International Monetary Fund's (IMF) $17.5 billion loan. The budget keeps the deficit at 3 percent of gross domestic product - in line with the IMF requirements.Bonds that were issued as part of a restructuring deal last year rose to six-week highs, with the exception of the 2019 issue ...

Business & Finance - Managed Funds

Romania sells less 5-month T-bills than planned BUCHAREST: Romania sold a less than planned 356 million lei ($82.37 million) worth of five-month treasury bills on Monday, with the average accepted yield at 0.76 percent, central bank data showed.Debt managers, who had planned to sell 800 million lei, issued six-month paper in September at an average yield of 0.42 percent, and one-year bills in November at 0.84 percent.Since then, US Federal Reserve signals of faster interest rate hikes have weighed on emerging European ...

Business & Finance - Managed Funds

Japan mulls less government bond sales FY2017 for a 4th year TOKYO: Japan is considering selling some 141 trillion yen ($1.19 trillion) of debt on the domestic market for the next fiscal year from April, effectively lowering bond issuance for a fourth straight year, government sources involved in the debt issuance plan told Reuters. The amount marks a fall of 5-6 trillion yen from this fiscal year's plan to auction 147 trillion yen of Japanese government bonds (JGBs) to the market, the sources said on condition ...

Business & Finance - Managed Funds

UK gilt bond yields hit post-Brexit highs after Fed rate signal LONDON: Long-dated British government bond yields hit their highest levels since the country's Brexit vote after the U.S. Federal Reserve cut interest rates and said it saw more rate cuts next year than it previously planned.Yields on 20- and 30-year British gilt yields rose as high as 2.059 and 2.171 percent respectively on Thursday, their highest levels since June 23, the day British voters decided to leave the European Union.The yield on 10-year gilts hit ...

Business & Finance - Managed Funds

US bond yields hit session lows after retail sales data NEW YORK: Yields on longer-dated US Treasuries touched session lows early Wednesday as weaker-than-forecast rise in retail sales in November reduced expectations of a pickup in US consumer spending in the fourth quarter. Benchmark 10-year Treasury yield fell to a session low of 2.426 percent. It was last at 2.437 percent, down 4 basis points from late on Tuesday, according to Reuters data. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Long-dated euro zone bond yields fall with Fed rate hike priced in LONDON: Long-dated euro zone bond yields fell on Wednesday ahead of a U.S. Federal Reserve meeting which investors expect to deliver the first rate hike in 12 months and at the same time flag its stance for 2017.Whereas a hike in rates would normally push yields higher, on this occasion it is fully priced in and the market is focusing on what direction Fed Chair Janet Yellen will take."We do not rule out the possibility ...