07302016Sat
Last update: Sat, 30 Jul 2016 09pm

Managed Funds

Business & Finance - Managed Funds

German 30 year Bund yield lowest on record in auction BERLIN/LONDON: Germany's Federal Finance Agency said on Wednesday that the average yield fetched at a top-up auction of a 30-year Bund was the lowest on record for that debt instrument during an auction, a spokesman for the Finance Agency said.The bid to cover ratio of the auction was 2.0 and the average yield was fixed at 0.65 pct which was the lowest recorded during an auction for that type of paper, spokesman Joerg Mueller said. A backdrop of unprecedented monetary stimulus from the European Central Bank and mounting political risks in Europe has boosted demand for German bonds - seen as one of the safest assets in the world. "There are short-term circumstances helping demand for German bonds at the moment ... there is demand for safety ahead of the Brexit vote," ING strategist Martin van Vliet said. Last week, Germany's 10-year government bond yield turned negative for the first ...

Business & Finance - Managed Funds

Mauritius 3-year Treasury note yield rises to 3.62pc PORT LOUIS: The weighted average yield on a three-year government Treasury note rose to 3.62 percent at an auction on Wednesday from 3.48 percent at a previous sale on May 19, the central bank said.The Bank of Mauritius received bids of 1.285 billion rupees ($36.5 million) for 1.3 billion rupees it had offered. Yields ranged from 3.40 percent to 4 percent. The paper has a coupon rate of 3.40 percent and is due on June ...

Business & Finance - Managed Funds

German 30-year Bund yield lowest on record in auction BERLIN/LONDON: Germany's Federal Finance Agency said on Wednesday that the average yield fetched at a top-up auction of a 30-year Bund was the lowest on record for that debt instrument during an auction, a spokesman for the Finance Agency said.The bid to cover ratio of the auction was 2.0 and the average yield was fixed at 0.65 pct which was the lowest recorded during an auction for that type of paper, spokesman Joerg Mueller said.A ...

Business & Finance - Managed Funds

German court ruling on ECB powers tests bond markets as vote on Brexit looms LONDON: A ruling on Tuesday by Germany's top court on the legality of an emergency ECB bond-buying scheme looks set to test bond investor confidence in the bank's crisis-fighting powers just two days before Britain's vote on membership of the European Union. The German 10-year bond yield, the benchmark for borrowing costs in the euro area, fell 1 basis point to 0.05 percent, drifting back towards last week's record lows below zero percent as a ...

Business & Finance - Managed Funds

US yields climb on reduced Brexit fears NEW YORK: US Treasury yields rose on Monday with longer-dated yields hitting their highest in more than week, as traders trimmed safe-haven holdings of lower-risk government debt due to polls showing support for Britain to stay in the European Union. The shift in polls to favoring "Bremain" over "Brexit" comes after last week's killing of parliament member Jo Cox who had been a proponent for the UK to keep its membership in the economic bloc. ...

Business & Finance - Managed Funds

Goldman says it's too early to short US Treasuries NEW YORK: Goldman Sachs said on Monday it was too early to bet on US Treasury prices falling before the outcome of Britain's referendum on staying in the European Union is known as polls showed a tight contest between the two sides. Investors had scooped up US Treasuries, German Bunds and British Gilts in recent days as they loaded up on lower-risk government debt in case the "Leave" camp wins the Thursday's referendum. Copyright Reuters, ...

Business & Finance - Managed Funds

Yields fall at Belgian long-term debt auction BRUSSELS: Belgium sold 3.2 billion euros ($3.63 billion) of long-term debt, with yields for the 10 and 15-year benchmark bonds falling. The AA-rated sovereign said its 10-year benchmark June 2026 bond sold for a yield of 0.463 percent, down from 0.514 percent at the last auction in April. The 15-year benchmark, maturing in June 2031, sold for a yield of 0.837 percent, down from the 0.998 percent in April. The government also sold the non-benchmark ...