09282016Wed
Last update: Wed, 28 Sep 2016 06am

Managed Funds

Business & Finance - Managed Funds

Benchmark yields headed for best month in over a year NEW YORK: Yields on benchmark US 10-year Treasury notes were little moved on Wednesday but on track for their largest monthly gain in more than a year as strong US data has limited volatility and investors have taken profits from after declining yields in June and July.Yields on benchmark notes, which move inversely to prices, have risen 10 basis points in August, the biggest increase since June 2015.On two-year Treasury notes, yields were headed toward their biggest monthly gain since November as the data and comments from a chorus of Federal Reserve officials that rate hikes look appropriate before year-end has increased expectations for short-term interest rates to rise.Two-year yields have risen nearly 12 basis points this month.On Wednesday, analysts said traders were holding firm with their eyes toward Friday's US non-farm payrolls report, which could indicate what action the Fed is likely to take at its upcoming meeting on ...

Business & Finance - Managed Funds

Yields rise at Egypt's T-bond auction CAIRO: Yields rose on Egypt's five- and ten-year treasury bonds at an auction on Monday, data from the central bank showed. The average yield on the five-year bond rose to 17.260 percent from an average of 16.922 percent at the previous auction on Aug. 15 while the average yield on the ten-year bond rose to 17.534 percent from 17.471 percent. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Hawkish Fed lifts German Bund yields to two-month highs LONDON: Germany's 10-year Bund yield on Monday rose to its highest level since Britain's vote to leave the European Union, as hawkish comments from the US Federal Reserve were seen leaving the door open for a rate hike as early as next month. Speaking at an annual gathering of central bankers in Jackson Hole, Wyoming on Friday, Fed Chair Janet Yellen said the case for a US interest rate rise has strengthened in recent months ...

Business & Finance - Managed Funds

JGBs sag on lacklustre BOJ operation outcome, weaker Treasuries TOKYO: Japanese government bond prices slipped across the board on Monday, with lacklustre results for the Bank of Japan's regular debt-buying operation and a retreat by Treasuries weighing on the market.The benchmark 10-year JGB yield was up 1 basis point at minus 0.065 percent and the 30-year yield rose 3 basis points to 0.375 percent.Yields rose after the BOJ's offer to buy 320 billion yen ($3.13 billion) of 10-year to 25-year JGBs indicated relatively strong ...

Business & Finance - Managed Funds

Prices gain before highly anticipated speech by Fed's Yellen NEW YORK: US Treasuries prices gained on Friday as investors waited on a speech by Federal Reserve Chair Janet Yellen for any new indications on when the US central bank will next raise interest rates.Investors are looking for new signals over whether the US central bank is likely to hike rates this year, and if an increase is on the table at the Fed's September meeting after other Fed officials including New York Fed President ...

Business & Finance - Managed Funds

Atlanta Fed pares US Q3 GDP growth view to 3.4pc NEW YORK: The US economy is on track to grow at a 3.4 percent annualized rate in the third quarter, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday following a report of a steeper-than-expected 3.2 percent drop in home resales in July. The latest third-quarter GDP estimate was lower than the 3.6 percent figure calculated on Aug. 16, the Atlanta Fed said on its website. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Croatia to offer 400mn HRK, 5mn EUR in T-bills next week ZAGREB: Croatia will offer 400 million kuna ($60.26 million) and five million euros ($5.64 million) worth of one-year treasury bills at two separate auctions on Aug. 30, the Finance Ministry said on Thursday.This week the sale of treasury bills surpassed target with yields inching down.The ministry also occasionally offers three-month and six-month bills.The benchmark overnight rate on the local money market was quoted at 0.55 percent on Thursday and the one-year rate at 1.30 percent. ...