12042016Sun
Last update: Sun, 04 Dec 2016 02am

Managed Funds

Business & Finance - Managed Funds

Yields on safe-haven German bonds rise as US election jitters ease LONDON: German government bond yields rose sharply in early Monday trade as unease over a looming U.S. election was soothed after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton.Concern that Republican candidate Donald Trump was closing the gap on Clinton in the race for the White House boosted safe-haven bonds in Germany and the United States last week.The latest statement from the Federal Bureau of Investigation was seen lifting a cloud over Clinton's campaign just before Tuesday's election.German bund futures opened 50 ticks lower at 162 , while Germany's 10-year government bond yield rose 4 basis points to 0.18 percent.U.S. Treasury yields were also 4 bps higher on the day, trading at 1.82 percent.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Euro zone bond yields fall, US-German yield gap tightest in two months LONDON: The gap between US and German bond yields narrowed to its tightest in about two months on Friday, as mounting jitters ahead of next week's tight US election pushed yields on safe-haven government debt lower. Heightened uncertainty about the outcome of the Nov. 8 presidential vote has overshadowed the prospect of a Federal Reserve interest rate rise next month, with US monthly jobs data later in the day also expected to take a rare ...

Business & Finance - Managed Funds

Three euro zone countries to sell bonds next week LONDON: The Netherlands, Germany and Italy are the euro zone countries scheduled to sell bonds next week. On Tuesday, the Netherlands taps a 10-year bond for up to 2.5 billion euros. Also on Tuesday, Germany is scheduled to auction a 10-year inflation-linked bond for 500 million euros. Germany comes to the market again on Wednesday with a five billion euro sale of two-year Schatz bonds. Italy is scheduled to hold a sale of medium to ...

Business & Finance - Managed Funds

Greece to auction 875mn euros of 3-month T-bills on Nov. 9 ATHENS: Greece will sell 875 million euros ($695 million) of three-month treasury bills on November 9 to refinance a maturing issue, debt agency PDMA said on Friday. Athens successfully rolled over three-month T-bills last month, with the paper priced to yield 2.7 percent. In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new T-bills will be November 11. Only primary dealers ...

Business & Finance - Managed Funds

Italy issues 1.5bn euros of Feb 2033 BTP bond in exchange auction MILAN: Italy's Treasury sold 1.5 billion euros ($1.7 billion) of a February 2033 BTP bond on Friday in exchange for five bonds maturing in 2017 and 2018 to lighten redemptions it faces in those years.The treasury said it sold the February 2033 bond at an average price of 148.471.It bought back three BTP bonds maturing in November 2017, February 2018 and August 2018, as well as a floating-rate CCTEU certificate maturing in October 2017 and ...

Business & Finance - Managed Funds

Gilt yields jump after BoE ditches bias for lower interest rates LONDON: British government bond yields shot higher, reversing earlier falls in a turbulent Thursday trading session, after the Bank of England ditched its bias towards cutting interest rates further.Gilt yields had fallen sharply after a British court ruled that the government needed parliamentary approval to start the process of leaving the European Union, but the market's focus soon turned to the BoE's policy meeting.The BoE said borrowing costs could now move in either direction, as ...

Business & Finance - Managed Funds

Nigeria sells 99 bn naira in Treasury bills, yields mixed LAGOS: Nigeria sold 99.12 billion naira ($312 million) in short-dated treasury bills at an auction on Wednesday, with mixed yields, data from the central bank showed on Thursday. A total of 24.44 billion naira of the 3-month paper was sold at 14 percent, unchanged compared to the last auction on Oct. 19. The bank sold 21.34 billion naira of 6-month debt at 17.50 percent, versus 17.09 percent at the previous auction. It also sold 54.35 ...