07292016Fri
Last update: Fri, 29 Jul 2016 05am

Managed Funds

Business & Finance - Managed Funds

Yield on Egypt's 5-year bond rises at Monday's auction CAIRO: Yields on Egyptian government five-year bonds rose at an auction on Monday. The average yield on the five-year bond rose to 16.520 percent from an average of 16.512 percent at the previous auction on June 20. The average yield on the ten-year bond was 17.238 percent. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Euro zone yields rise as focus shifts from Brexit to supply LONDON: Borrowing costs in the euro zone rose for the first time in more than a week on Monday as investors took prices down to make room for some 20 billion euros of bond supply from the region this week, halting a post-Brexit slide in yields.Austria, Germany, Spain and France are due to hold bond auctions and there is talk that Spain could also announce plans to sell new 10-year paper via a syndication to ...

Business & Finance - Managed Funds

US bonds rally, 30-year yield hits lowest since 1950s NEW YORK: The US Treasuries market rallied on Friday, with the 30-year yield hitting its lowest since the 1950s in a worldwide scramble for bonds on expectations of weak global growth and more policy stimulus from major central banks.Trading volume was light in advance of a three-day weekend. The US bond market will close early at 2 p.m. (1800 GMT) and will stay shut on Monday for the July Fourth holiday.Last week's stunning referendum vote ...

Business & Finance - Managed Funds

Portugal to offer up to 4.5bn euros in T-bill this quarter LISBON: Portugal plans to offer up to 4.5 billion euros ($5.01 billion) of Treasury bills this quarter in monthly sales and to issue bonds via a combination of syndicated issuance and auctions, where it will offer up to 1.25 billion euros per auction. The IGCP debt agency said it would hold T-bill auctions on July 20, Aug. 17 and Sept. 21, offering maturities between 3 months and one year. This month, it will auction between ...

Business & Finance - Managed Funds

African Bank offers to buy back $500mn of bonds JOHANNESBURG: Bailed-out South African lender African Bank has launched an offer to buy back up to $500 million worth of foreign currency-denominated bonds in a bid to cut its interest bill, it said on Friday.African Bank, which was rescued and recapitalised by the central bank after its parent African Bank Investments Limited collapsed in 2014, said the tender offer would be open until July 13."The rationale of the tender offer is to reduce the bank's ...

Business & Finance - Managed Funds

Portugal swaps 1bn euros of bonds for longer maturities LISBON: Portugal swapped around 1 billion euros in bonds expiring between 2017 and 2019 for much longer maturities on Friday to alleviate its medium-term bond redemptions in the first bond operation since Britain's vote to leave the European Union. The fallout from Britain's departure, known as Brexit, could hit the euro zone's faltering economic growth and increase pressure on peripheral members such as Portugal, which only emerged from a bailout in 2014.The IGCP debt agency ...

Business & Finance - Managed Funds

Portugal offers to swap bonds for longer maturities on Friday LISBON: Portugal will offer to buy back bonds maturing next year, in 2018 and 2019 on Friday and swap them for longer-dated issues, the state debt agency IGCP said on Thursday. The agency said it will keep the same net outstanding amount of bonds in the market after the swap operation. Copyright Reuters, 2016 ...