01222017Sun
Last update: Sun, 22 Jan 2017 07pm

Managed Funds

Business & Finance - Managed Funds

US sells 1-month bills at highest rate since 2008 NEW YORK: The US Treasury Department on Tuesday sold $45 billion of one-month bills at an interest rate of 0.480 percent, which was the highest for this debt maturity at an auction since October 2008, Treasury data showed. This compared with an interest rate of 0.34 percent at the prior one-month bill sale last week. The one-month T-bill sale came as the Federal Reserve was scheduled to meet on Tuesday and Wednesday where policy-makers have been widely expected to raise short-term interest rates by a quarter point to a target range of 0.50-0.75 percent. The ratio of bids to the amount of one-month bills offered was 3.21, which the lowest since the one-month T-bill auction held in Aug. 23.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Mauritius 91-day T-bills yield rises to 2.70pc PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill rose to 2.70 percent at auction on Friday from 2.67 percent at the last sale, the central bank said.The Bank of Mauritius sold all the 1 billion rupees worth of the debt it had offered. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Euro zone bonds yields head back down after ECB LONDON: Most euro zone government bond yields fell in early Friday trade, reversing increases made the previous session after the ECB reduced its asset purchases but promised protracted stimulus to support a recovery. Catching markets off-guard on Thursday, the ECB said its bond buying would be cut to 60 billion euros a month from 80 billion euros starting in April, but would go on at least until the end of 2017, three months longer than ...

Business & Finance - Managed Funds

Rise in Italian bond yields checked as early election seen unlikely      LONDON: Italy's borrowing costs rose on Monday after Prime Minister Matteo Renzi said he would resign following a crushing referendum defeat, although expectations that a snap election would be averted helped contain the sell-off.  Investors had been positioned for a 'No' vote in Sunday's referendum, but signs that investors were closing short positions across Italian assets and the euro, which bounced back from 21-month lows, lent bond markets some support. Allianz Global Investors said it had reduced its short position on Italian government ...

Business & Finance - Managed Funds

China SHANGHAI: China's primary money rates were up sharply for the week on tight liquidity after days of net fund drains by the central bank although pressure eased on Friday, traders said.The People's Bank of China (PBOC) is controlling liquidity to curb potential risks and an expansionary monetary policy is unlikely to return in the near future, industry sources say.Money conditions were "extremely tight" in the middle of the week, triggering a sell-off in the bond market, but supply and demand were more ...

Business & Finance - Managed Funds

German Bund yields hit 1-week high as oil-price surge lifts inflation expectations LONDON: Germany's benchmark Bund yield rose to a one-week high on Thursday, after the first output cut by major oil producers since 2008 sent oil prices surging and boosted expectations of higher inflation.Oil prices rose as much as 13 percent after the Organization of the Petroleum Exporting Countries and Russia on Wednesday agreed a deal to reduce output to drain a global supply glut.Higher inflation erodes the value of bonds and the prospect of higher oil prices comes at a ...

Business & Finance - Managed Funds

Islamic Development Bank sets final guidance for 5 years sukuk DUBAI: The Islamic Development Bank (IDB) has set at 45 basis points over mid-swaps the final spread of its planned five-year sukuk, according to a document sent by the banks leading the transaction and seen by Reuters.  The order book for the planned Islamic debt sale stood at $1.2 billion, the document stated. IDB had set initial pricing guidance in the 50 basis points over mid-swaps area on Tuesday, and revised the range to 45-50 bps over mid-swaps earlier on ...