Tuesday, 16 April 2013 13:09
Posted by Shoaib-ur-Rehman Siddiqui
TOKYO: Japanese government bond prices rose on Tuesday, with the benchmark yield moving away from a one-month high hit in the previous session, buoyed by rising risk aversion and a smooth 5-year sale.Gains were seen limited, however, ahead of a sale of 1.2 trillion yen ($12.25 billion) worth of 20-year bonds on Thursday, at which market participants said many real-money investors such as Japanese life insurers were expected to hold off on buying in recently volatile market conditions."I don't think that anybody is super confident. The 5-year went okay, but in the 20-year sector, according to press interviews with life insurers, they all say they will take a cautious stance, at least at the beginning of the year," said Naomi Muguruma, a senior fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities."I think market sentiment is still fragile, so we have to see that auction result," she said.JGB trading has been ...
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TOKYO: Japanese government bond prices rose on Tuesday, with the benchmark yield moving away from a one-month high hit in the previous session, buoyed by rising risk aversion and a smooth 5-year sale.Gains were seen limited, however, ahead of a sale of 1.2 trillion yen ($12.25 billion) worth of 20-year bonds on Thursday, at which market participants said many real-money investors such as Japanese life insurers were expected to hold off on buying in recently volatile market conditions."I don't think that anybody is super confident. The 5-year went okay, but in the 20-year sector, according to press interviews with life insurers, they all say they will take a cautious stance, at least at the beginning of the year," said Naomi Muguruma, a senior fixed-income strategist at Mitsubishi UFJ Morgan Stanley Securities."I think market sentiment is still fragile, so we have to see that auction result," she said.JGB trading has been ...
LONDON: US Treasuries dipped in Europe on Monday on some profit-taking after the market's rally last week, but losses were curbed by falls in equities following weaker-than-expected macro economic data from China.The Treasury market rallied sharply on Friday as data showed consumer spending and retails sales declined more than expected in March, stoked concern that growth in the world's biggest economy was slowing.Ten-year T-notes were 3/32 down in price to yield 1.73 percent, one basis ...
TOKYO: Japanese government bond prices dropped on Monday, with the 10-year yield hitting one-month highs, as investors held off buying ahead of two bond auctions this week while trying to read the intentions of the Bank of Japan.Although JGB yields hit record lows just after the BOJ unveiled its aggressive quantitative easing plan, bond prices have since given up all their gains as investors fretted over the inflationary aspect of the central bank's policy."Essentially we ...
CAIRO: Egypt's central bank will hold on Sunday an exceptional foreign exchange auction for $600 million to cover strategic imports, its said in a statement. Bids will be accepted between 1.30 and 2.00 p.m. Cairo time (1130 and 1200 GMT), it said, adding that no quotas will be applied. The auction is 15 times the size of the three weekly currency auctions the cash-strapped central bank has been holding in recent months. Copyright ...
LONDON: German Bund futures edged up at the open on Friday as investors turned cautious on reports of a funding gap in Cyprus' bailout package that is likely to top a meeting of European Union finance ministers later in the day.The two-day informal gathering in Dublin beginning on Friday comes after Reuters and other news organisations obtained documents revealing that the Mediterranean island might have to contribute more than initially thought to its rescue package.Focus ...
