05052016Thu
Last update: Thu, 05 May 2016 05pm

Managed Funds

Business & Finance - Managed Funds

Bund yields set for one of the biggest weekly rises in 2016 LONDON: German Bund yields stabilised on Friday but were still on course for one of their biggest weekly gains since December last year after a rebound in oil prices and a wait-and-see message from the European Central Bank.The bond market has been tracking developments in oil prices because of their impact on inflation and worries that cheap crude can hurt the energy sector and its lenders, taking a toll on the global economy. After a big jump this week, oil prices are up by more than two-thirds since their 2016 lows. The ECB on Thursday focused on defending its recent package of easing measures rather than on potentially new ones. Last month, the ECB cut interest rates deeper into negative territory and boosted its asset-purchasing programme by a third to 80 billion euros a month.Brushing off German criticism of the ECB's ultra-loose stance, the bank's president, Mario Draghi, said the ...

Business & Finance - Managed Funds

Mauritius offers 3-year Treasury bond worth 1.3bn rupees PORT LOUIS: Mauritius will sell a three-year Treasury bond worth 1.3 billion rupees ($37.12 million) next week, the central bank said on Thursday. The Bank of Mauritius said in a statement it would receive bids on April 27 and auction the bond on the same day.The bond would carry a coupon rate of 3.59 percent and will mature on February 19, 2019, the bank said.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

JGBs gain, longer yields touch fresh lows TOKYO: Japanese government bonds rose on Wednesday, bolstered by expectations of additional Bank of Japan easing steps, with the benchmark yield matching a record nadir and superlong yields reaching fresh lows.The 10-year JGB yield edged half a basis point lower to minus 0.135 percent, matching a record set late last month. Since the BoJ unveiled its negative interest rate policy on Jan. 29, investors have clamoured for JGBs that still offer positive yields. Such demand ...

Business & Finance - Managed Funds

China EximBank completes sale of $3bn dual currency bonds offshore HONG KONG: The Export-Import Bank of China has completed its issuance of $3 billion dual currency senior notes, its second direct issuance of offshore debt since its dollar senior notes issued in 2014.The orderbook amounted to $8.3 billion and investors include central banks, sovereign wealth funds, commercial banks and insurance companies from South Asia, Middle East, Europe and South America.The $1.25 billion five-year US dollar tranche carried a coupon of 2 percent and the $1 ...

Business & Finance - Managed Funds

Vimpelcom plans to issue eurobonds worth up to $1.2bn MOSCOW: Amsterdam-based mobile phone operator Vimpelcom plans to issue two tranches of 4-year and 7-year eurobonds worth up to $1.2 billion, a banking source told Reuters on Wednesday.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Yields inch higher as oil, stock prices gain NEW YORK: US Treasury yields rose slightly on Tuesday as oil and stock prices gained, reducing demand for safe haven bonds.US government bonds have largely followed moves in the oil and stock markets this week with no major economic releases to sway investor sentiment, and before the Federal Reserve is due to meet next week.Oil prices quickly recovered from lows reached early on Monday, after a deal to freeze oil output by OPEC and non-OPEC ...

Business & Finance - Managed Funds

Investor demand for Argentina bonds just under $70bn PARIS: Argentina has received investor bids totalling just under $70 billion for its first sovereign bond issue in 15 years, a source close to the matter said Tuesday.Demand for the bonds is "close to $70 billion", the source said. Argentina aims to raise at least $12.5 billion from the issue, with the operation expected to be completed Tuesday.Copyright AFP (Agence France-Presse), 2016 ...