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Last update: Sat, 03 Dec 2016 12am

Managed Funds

Business & Finance - Managed Funds

US bond market raises inflation flag after Trump win NEW YORK: A corner of the US bond market on Wednesday suggested that investors are concerned about rising inflation from possible looser fiscal and more protectionist trade policies of Republican Donald Trump who defied forecasts by winning the US presidency. The breakeven rates on Treasury Inflation Protected Securities and inflation derivatives, which measure investors' inflation expectations, jumped to levels not seen since July 2015, according to Reuters data. "On the fiscal front, we assume that the Trump Administration will pursue looser fiscal policy, worth approximately 0.75 percent of GDP. Changes to trade law and regulation of certain sectors are uncertain," Goldman Sachs economists wrote in a research note. "In the long term, negative supply-side effects - particularly via increased trade protectionism - are a potential concern for the economy's growth potential," they said. In the TIPS market, the five-year inflation breakeven rate, or the yield gap between five-year TIPS and ...

Business & Finance - Managed Funds

US Treasury yields hit multi-month highs as Trump shock eases LONDON: Long-dated US Treasury bond yields struck multi-month highs on Thursday, reversing earlier falls as the initial market shock from Donald Trump's presidential election win appeared to ease.Benchmark 10-year yields initially fell to around a one-month low of 1.716 percent, before sharply rebounding to hit 1.93 percent, up 6 basis points on the day at their highest level since late April.Thirty-year yields climbed 15 bps to 2.79 percent , also reversing an earlier fall to ...

Business & Finance - Managed Funds

Safe-haven German Bund yields tumble as Trump leads White House race LONDON: Safe-haven German government bond yields tumbled to two-week lows in early trade on Wednesday as Republican Donald Trump edged closer to an unexpected victory in the U.S. presidential election, sending shock waves through global markets.The yield on Germany's benchmark 10-year Bund, regarded as one of the safest assets in the world, fell as much as 7 basis points in early deals to 0.10 percent.Early cash trading in Europe also pointed to lower bond yields ...

Business & Finance - Managed Funds

German yields rise before US election, but caution prevails LONDON: Higher-rated euro zone bond yields edged higher on Tuesday ahead of the US presidential election on expectations that Democrat Hillary Clinton would win, but memories of the Brexit vote in the UK are keeping a cap on yields. Germany's 10-year government bond yields edged up towards 0.18 percent in early trades on Tuesday after the final Reuters/Ipsos States of the Nation project showed Clinton has about a 90 percent chance of defeating Republican Donald ...

Business & Finance - Managed Funds

Credit Agricole boosts capital, reassures over dividend PARIS: Credit Agricole has completed a simplification of its structure that puts more capital into the listed arm of the business, allowing it to set a minimum dividend level for next year and expand its asset management arm Amundi. The overhaul comes after the French bank sold assets and pulled out of markets such as Greece to recover from losses and meet tougher regulations in the wake of the financial crisis. It has said it ...

Business & Finance - Managed Funds

New UK 20-year gilt draws weakest demand since July LONDON: The launch of a new British 20-year government bond on Tuesday drew the weakest demand at an auction of conventional government debt in more than three months. The UK Debt Management Office sold 2.5 billion pounds ($3.10 billion) of the 1.75 percent 2037 gilt, attracting bids worth 1.64 times the amount on offer. This represented the weakest investor demand at a conventional gilt auction since the sale of a 2039 gilt on July 20, ...

Business & Finance - Managed Funds

Romania sells planned 400mn lei of Feb 2020 bonds BUCHAREST: Romania sold a planned 400 million lei ($98.44 million) worth of Feb 2020 treasury bonds on Monday, with the average accepted yield at 1.83 percent, central bank data showed.Debt managers last sold the issue in October at an average yield of 1.82 percent.So far this year, the ministry has sold 42.5 billion lei and 775 million euros of domestic bonds.Copyright Reuters, 2016 ...