05042016Wed
Last update: Wed, 04 May 2016 06pm

Managed Funds

Business & Finance - Managed Funds

Turkey's 10-year benchmark bond yield falls to 5-month low on new central bank governor ISTANBUL: Turkey's 10-year benchmark bond yield fell to a five-month low below 9.80 percent on Monday after officials gave the name of the new central bank governor, ending uncertainty over the appointment. Two officials told Reuters Prime Minister Ahmet Davutoglu has chosen Murat Cetinkaya, a deputy central bank governor, to be the new governor. They said his name was expected to be circulated for approval at a cabinet meeting on Monday. The benchmark 10-year government bond yield tTR110226TA=IS fell to 9.78 percent from 9.96 percent at Friday's close. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Italian banks positive ahead of meeting on state-backed fund MILAN: Shares in Italian banks rose in early trade on Monday ahead of a meeting later in the day in Rome between the country's largest lenders, the Treasury and the central bank to set up a fund to help ailing lenders. The state-backed vehicle would likely buy bad loans and plug capital shortfalls at weak banks in Italy, five sources familiar with the matter said on Sunday. One of the source said the fund would ...

Business & Finance - Managed Funds

China's finance ministry to auction 10bn yuan 182-day bills SHANGHAI: China's Ministry of Finance said on Friday it would auction 10 billion yuan ($1.54 billion) in 182-day bills on April 15.After the auction, the bonds will be issued from April 15 to April 18 and start trading on the secondary market on April 20, the ministry said in a statement.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Kenya 91-day T-bill yield rises to 9.001pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills rose to 9.001 percent from 8.965 percent last week, the central bank said on Thursday. The bank said it received bids worth 5.58 billion shillings for the 4 billion shillings of bills offered.It accepted 5.2 billion shillings. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Portugal sets spread on tap of Oct 2022 and Feb 2045 bonds LONDON: The Republic of Portugal has set the spread on a tap of its 2.2pc Oct 2022 at 242bp over mid-swaps and a 4.1pc Feb 2045 at 324bp over mid-swaps, according to a lead. The combined order book is in excess of 3bn, including 565m of joint lead manager interest, the lead said. The final spreads are in line with guidance of 242bp area and 324bp area respectively. Earlier, the sovereign started marketing the deal ...

Business & Finance - Managed Funds

Portugal begins marketing tap of Oct 2022 and Feb 2045 bonds LONDON: The Republic of Portugal has started marketing a dual-tranche reopening of its 2.2% Oct 2022 and 4.1% Feb 2045 bonds, according to a lead. The sovereign has set initial price thoughts of low 240s over mid-swaps on the shorter tranche, which has 3bn outstanding, and low-to-mid 320s over mid-swaps on the longer tranche, which has 2.5bn outstanding.The issuer is taking indications of interest and pricing is expected on Wednesday via Barclays, Citigroup, Credit Agricole, ...

Business & Finance - Managed Funds

US Treasury yields fall as weak growth data bolsters bonds NEW YORK: US Treasury yields fell on Tuesday with longer-dated bonds touching their lowest in more than a month as weak economic data in both the U.S. and Europe pushed investors into safe-haven government debt.The U.S. trade deficit widened more than expected in February, rising 2.6 percent to $47.1 billion, outpacing economists' expectations, in the latest indication that economic growth remains tepid in the world's top economy.That report followed a composite purchasing managers index reading ...