05272016Fri
Last update: Fri, 27 May 2016 01am

Managed Funds

Business & Finance - Managed Funds

Nigeria to raise 111bn naira in Treasury bills LAGOS: Nigeria plans to sell 110.93 billion naira ($558.00 million) of Treasury bills with maturities ranging between three months and a year on May 18, the central bank said on Wednesday. The bank will offer 32.43 billion nairas of 3-month debt, 22.82 billion in the 6-month paper and 55.68 billion of 1-year bills in a Dutch auction. "Each bid must be in multiple of 1,000 naira subject to a minimum of 10,000 naira," the bank said in a public notice. Allotment letters are to be issued to successful bids on May 19. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Denmark sells 5.0bn DKK worth of T-bills at auction COPENHAGEN: Denmark's central bank sold 5.0 billion Danish crowns ($765.6 million) worth of treasury bills at an auction on Wednesday after receiving bids worth 6.82 billion crowns. The cut-off rate was -0.54 percent for the bills which are maturing in September 2016.The central bank has been using T-bill auctions as one tool to control the rate of the Danish crown, which is pegged to the euro, at times declining bids when it has deemed the ...

Business & Finance - Managed Funds

Bonds steady after strong three-year note sale NEW YORK: The US government saw strong demand for its $24 billion auction of three-year notes on Tuesday, the first sale of $62 billion in coupon-bearing debt supply this week.The debt sold at high yields that were almost two basis points below where the notes had traded before the auction. The ratio of bids to the amount of three-year debt offered was 2.93, up from 2.72 at the prior three-year note sale in April.Treasuries held ...

Business & Finance - Managed Funds

US sells 1-month bills at highest rate since March NEW YORK: The US Treasury Department on Tuesday sold $45 billion of one-month bills at an interest rate of 0.245 percent, which was the highest in seven weeks, Treasury data showed.The ratio of bids to the amount of one-month T-bills offered was 3.33, the lowest in six weeks. Last week, the Treasury sold $40 billion of one-month T-bills at an interest rate of 0.170 percent and a bid-to-cover ratio of 3.63. "The market is definitely ...

Business & Finance - Managed Funds

Belgian short-term debt yields hit new record low at auction BRUSSELS: Belgium sold 1.921 billion euros ($2.19 billion) of short-term debt on Tuesday, with yields on three-month and one-year treasury bills falling further below zero to new record lows, the country's debt agency said. Three-month paper sold for a negative yield of 0.505 percent, down from the minus 0.488 percent at the most recent auction last week. Investors also paid, rather than received, interest on one-year paper, with yields falling to minus 0.490 percent from ...

Business & Finance - Managed Funds

Russia Finance Ministry to offer 30bn roubles of OFZ bonds on Weds MOSCOW: Russia's Finance Ministry said on Tuesday it would offer 30 billion roubles ($452 million) worth of OFZ treasury bonds at two auctions on Wednesday. The ministry said it would offer 10 billion roubles of OFZs maturing in September 2031 and 20 billion roubles of OFZs maturing in August 2021. ($1 = 66.3635 roubles) Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Greek bond yields drop, stocks hit 2016 peak after debt relief offer LONDON: Greece's long-term government borrowing costs fell below 8 percent for the first time in over six months and stocks soared to the year's high on Tuesday after euro zone finance ministers offered debt relief to the country from 2018. Ten-year yields dropped more than 60 basis points to as low as 7.83 percent, while a surge in bank stocks drove Athens' main bourse up 3 percent to the highest level seen in 2016. In ...