02072016Sun
Last update: Sun, 07 Feb 2016 06am

Managed Funds

Business & Finance - Managed Funds

Portugal to issue up to 20bn euros in bonds this year LISBON: Portugal plans to issue up to 20 billion euros ($21.7 billion)in bonds via syndication and regular auctions this year to cover estimated net borrowing needs of 7 billion euros, the state debt agency IGCP said on Thursday. "An amount of between 18 billion to 20 billion is to be met through gross issuance of bonds combining syndicated operations with auctions, which we aim to do at least one per quarter," the IGCP said in a statement. It also expects to raise 1.7 billion euros from retail debt instruments and will explore opportunities to perform bond exchanges and buybacks. As previously, it will also hold Treasury bill auctions once a month, offering a total of up to 3.75 billion euros in the first quarter, with the first auction to be held on Jan. 20 and offering between 1 billion and 1.25 billion euros total in six-month and 12-month bills.Copyright Reuters, ...

Business & Finance - Managed Funds

Yields fall as low inflation outlook hints at dovish Fed NEW YORK: US Treasury yields fell on Wednesday, with benchmark yields hitting over two-week lows, on safe-haven demand and on signs that a lack of inflationary pressures could slow the pace of Federal Reserve interest rate hikes this year.Analysts said yields fell across the board on Wednesday given views of low inflation, including a slide in oil prices to new 11-year lows. Three-year yields, which are among those considered most vulnerable to Fed rate hikes, ...

Business & Finance - Managed Funds

Long-dated yields rise on reduced global growth concerns NEW YORK: Long-dated US Treasury yields rose on Tuesday as worries eased over global growth, leading traders to sell some safe-haven U.S. government debt, while caution ahead of Friday's U.S. jobs data kept yields in tight ranges.U.S. shares stabilized on Tuesday after falling on Monday, when weak Chinese economic data fanned fears of a global slowdown. The calming markets stifled demand for long-dated Treasuries."If today is not a risk-off day, there's a less compelling reason ...

Business & Finance - Managed Funds

US fed funds rate back within Fed's target range NEW YORK: The US interest rate which banks charge each other to borrow excess reserves averaged 0.36 percent on Monday, which was back within the Federal Reserve's target range, according to Fed data released on Tuesday. The fed funds rate, which the Fed targets to achieve its rate objective, fell to 0.20 percent on Dec. 31, which was below the Fed's 0.25-0.50 percent intended range. On Monday, this interbank borrowing cost traded in a range ...

Business & Finance - Managed Funds

Yields fall after China rout sparks global growth worries NEW YORK: US Treasury yields fell on Monday, with benchmark yields hitting nearly two-week lows after a tumble in Chinese shares fueled worries over global growth and drove demand for safe-haven U.S. government debt.Mainland Chinese shares fell 7 percent, triggering a new circuit breaker that prompted a trading halt, after surveys showed factory activity in the world's second-largest economy shrank sharply in December.Yields on benchmark 10-year Treasury notes hit 2.200 percent, their lowest since Dec. ...

Business & Finance - Managed Funds

Bond prices rise, on track to end year up NEW YORK: US Treasuries prices rose on Thursday and the yield curve flattened, with U.S. government debt set to end the year on a more positive note than many investors expected.The Bank of America Merrill Lynch U.S. Treasury Index was up 0.646 percent year-to-date while the SPDR High Yield Bond ETF was down over 12 percent for the year. In the previous year Treasuries returned 4.95 percent while long bonds returned 27.23 percent, according to ...

Business & Finance - Managed Funds

Greece to auction 1.2 billion euros of 6-month T-bills on January 5 ATHENS: Greece will sell 1.25 billion euros ($1.36 billion) of six-month Treasury bills on January 5 to refinance a maturing issue, its debt agency said on Thursday. The settlement date of the new T-bills will be January 8. Only primary dealers will be allowed to participate and no commission is to be paid. Copyright Reuters, 2015 ...