08282016Sun
Last update: Sun, 28 Aug 2016 09pm

Managed Funds

Business & Finance - Managed Funds

Brexit a danger to US financial stability: Treasury WASHINGTON: Britain's vote last month to exit the European Union has raised the danger level for US financial stability, according to US Treasury Department report released Monday.The US Office of Financial Research said risks to the American economy remained in the "medium" range but had been exacerbated by shock victory of the "leave" campaign in Britain's June 23 referendum on EU membership. "Because the UK economy and especially the UK financial system are highly connected with the rest of Europe and the United States, severe adverse outcomes in the UK could pose a risk to US financial stability," the report said.The vote has sent British asset prices and economic growth forecasts tumbling. It also helped persuade the US Federal Reserve not to raise interest rates in its last policy meeting.The Office of Financial Stability, a part of the US Treasury, was created as part of reforms enacted in 2010 in ...

Business & Finance - Managed Funds

US short-dated yields rise on weak auction before FOMC NEW YORK: Short-dated US Treasury yields climbed on Monday to four-week highs following a weak $26 billion two-year note sale, part of $88 billion of coupon-bearing government debt being auctioned this week.Longer-dated Treasury yields followed Wall Street stocks lower, with traders wary of possible signals from the Federal Reserve about an interest rate increase later this year following its policy meeting on Tuesday and Wednesday. "We were slightly apprehensive going into the two-year auction. I ...

Business & Finance - Managed Funds

US short-dated yields rise before 2-year note sale NEW YORK: Short-dated US Treasury yields edged up on Monday to four-week highs in advance of a $26 billion two-year note sale, part of $88 billion of coupon-bearing government debt being auctioned this week.Longer-dated Treasury yields followed Wall Street stocks lower, with traders wary of possible signals from the Federal Reserve about an interest rate increase later this year following its upcoming policy meeting on Tuesday and Wednesday."With stocks starting to fall, we are looking ...

Business & Finance - Managed Funds

Emerging bond fund inflows hit new weekly record high: JPM LONDON: Flows into emerging market bond funds set a new record high of $4.7 billion in the past week, and combined equity and debt inflows were the second highest on record, JPMorgan said on Friday. The bumper inflows come despite a revival in expectations for a US rate rise this year and a failed July 15 coup in Turkey which has resulted in a government crackdown and massive selloff in local markets."The surge in retail ...

Business & Finance - Managed Funds

US 10-year TIPS supply fetches solid demand NEW YORK: The US Treasury Department on Thursday sold $13 billion of 10-year Treasury Inflation Protected Securities to solid investor demand at a yield of 0.045 percent, the lowest yield at an auction since May 2013, Treasury data showed. The ratio of bids to the amount of 10-year TIPS offered was 2.39, up from 2.27 at the prior auction in May and the highest since March 2015.Indirect bidders which include fund managers and foreign central ...

Business & Finance - Managed Funds

US 10-year yields hit four-week high after US data  NEW YORK: US Treasury long-dated debt yields rose on Thursday, boosted by generally upbeat US economic data as well as remarks by the European Central Bank's president that downplayed the impact of Britain's move to exit the European Union.US 10-year note yields, which move inversely to prices, climbed to four-week peaks, while that of US 30-year bondsadvanced to three-week highs. Long-dated yields climbed for a second straight session.Thursday's data showed US initial jobless claims hit ...

Business & Finance - Managed Funds

Spanish bond yields turn negative at 3.1bn euros auction MADRID: Spain sold 3.1 billion euros ($3.42 billion) in bonds on Thursday, with yields dipping into negative territory for the first time on the shortest-dated paper and falling across other maturities as investors seek out safe havens. Average yields on a 0.25 percent three-year bond due Jan. 31, 2019 fell to -0.072 percent, compared to 0.137 percent when the paper was last sold in mid-June. The Spanish treasury sold 1.7 billion euros of the bond, ...