02062016Sat
Last update: Sat, 06 Feb 2016 03am

Managed Funds

Business & Finance - Managed Funds

China says to step up checks on individuals' forex buying BEIJING: China's foreign exchange regulator said on Thursday that it will step up checks on individuals' foreign currency buying, in the latest step to curb capital outflows. The State Administration of Foreign Exchange will launch a new monitoring system on foreign exchange businesses at banks from the start of 2016 to prevent people from evading the official limits on currency buying, it said in a statement. Individuals are now permitted to buy a maximum equivalent of $50,000 of foreign currency per year. Copyright Reuters, 2015 ...

Business & Finance - Managed Funds

Bond prices flat as stocks slide; 7-year auction weak NEW YORK: US Treasuries prices held steady on Wednesday in thin and choppy year-end trading after a disappointing seven-year note auction and as oil retreated from gains made earlier in the week.The yield on the five-year note climbed to 1.824 percent, its highest since September 2014, before reversing course and ending the day little changed, a move traders attributed to light volume and market volatility.The Treasury concluded its sale of $90 billion of notes with ...

Business & Finance - Managed Funds

Bond prices mixed on oil, upcoming 7-year auction NEW YORK: US Treasuries prices were mixed on Wednesday in thin and choppy year-end trading ahead of a seven-year note auction by the Treasury and as oil retreated.Oil prices slid towards 11-year lows, reversing gains made on Tuesday as the King of Saudi Arabia made it clear the kingdom has no intentions of scaling back production."This whole week has been trading off oil and today oil is down a little, which may give a little ...

Business & Finance - Managed Funds

Bond yields edge up, traders eye US 5-year auction NEW YORK: Yields on US Treasuries rose on Tuesday in light, choppy trading as dealers awaited a five-year note auction later in the session and as oil prices recouped losses.The yield on the U.S. two-year note reached 1.083 percent in morning trading, its highest level since April 2010, while the yield on the 30-year bond climbed to a session high of 2.980 percent. Traders attributed the moves to year-end light volume and market choppiness."There's no ...

Business & Finance - Managed Funds

JGBs edge down as stocks strengthen TOKYO: Japanese government bond prices mostly edged down in thin end-of-year trade on Tuesday, taking their cues from a rise in equities markets.The Nikkei stock index ended up 0.6 percent.The benchmark 10-year JGB yield inched up half a basis point to 0.270 percent, while March 10-year JGB futures ended up 0.02 point at 149.05, after treading water in a narrow 149.01-149.07 range in both the morning and the afternoon sessions.The yield on the 2-year JGB ...

Business & Finance - Managed Funds

Chile files for debt shelf of $3 billion with US SEC SANTIAGO: Chile's government said late on Monday that it has requested to register a $3.0 billion debt shelf with the US Securities and Exchange Commission (SEC). The Finance Ministry said in a statement that considering the balance of a previously approved debt line, Chile would now be allowed to issue debt overseas for up to $4.2 billion over the next three years. It added that the request with the SEC does not "necessarily mean the ...

Business & Finance - Managed Funds

Bond prices flat ahead of two-year auction NEW YORK: Prices on US Treasuries were mostly flat on Monday during light trading, with the yield on two-year notes edging up to a more than five-and-a-half year high as traders balanced positions ahead of a $26 billion dollar auction of two year notes by the Treasury Department.The yield on two-year notes reached 1.04 percent overnight, marking their highest level since May 2010. Traders attributed the move to end-of-year light trading volumes and market choppiness.Traders ...