05012016Sun
Last update: Sun, 01 May 2016 11am

Managed Funds

Business & Finance - Managed Funds

China finance ministry sells 3-month bills at 1.9738pc SHANGHAI: China's Ministry of Finance auctioned 10 billion yuan ($1.6 billion) of three-month bills in the interbank market on Friday at an average yield of 1.9738 percent, traders said. The auction yield came in below Thursday's benchmark secondary market yield of 2.0187 percent for three-month government bills.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Egypt 1 year, 6-month T-bill yields drop at Thursday's auction CAIRO: Yields on one-year and six-month treasury bills dropped at auctions on Thursday as the Finance Ministry sold all amounts on offer, data from the central bank showed. The average yield on Egypt's 182-day bill fell to 13.683 percent, compared with 13.750 percent at the last sale on March 24. The yield on the 364-day bill dropped to 14.231 percent, against 14.321 percent at its last similar auction on March 24. The Finance Ministry sold ...

Business & Finance - Managed Funds

Russia raises Q2 borrowing plan, sees 'persistent demand' for bonds MOSCOW: Russia's Finance Ministry on Wednesday raised its domestic borrowing plan for the second quarter to 270 billion roubles ($4 billion) following strong bids at government bond auctions over the past few weeks.Konstantin Vyshkovsky, director of the ministry's debt department, told Reuters the Finance Ministry had raised the plan from 250 billion roubles in the first quarter due to "persistent demand" for Russian bonds. He said demand was stimulated by excessive liquidity in the Russian ...

Business & Finance - Managed Funds

UK 10-year gilt yield touches three-week high as oil slips LONDON: British 10-year government bond prices touched a three-week high on Tuesday, bolstered by falling oil prices that signalled continued low inflation and by sagging equity markets. Oil prices eased as supply looked set to keep rising. There appeared to be little immediate prospect of demand keeping pace, which could keep already low levels of inflation in check across Western economies. High-rated fixed income assets like US Treasuries, gilts and German Bunds, gained as a ...

Business & Finance - Managed Funds

Indian central bank tweaks upcoming lending rate rules MUMBAI: The Reserve Bank of India said on Tuesday fixed-rate loans of up to three years offered by lenders will have to be set based on their marginal cost of funding, a move an analyst said was negative for the banks.Previously all fixed-rate loans had been exempted from being set on this basis.The tweak will apply to new rules the RBI will implement from April 1, which force lenders to base most of their lending ...

Business & Finance - Managed Funds

US bond prices trim gains after consumer confidence data NEW YORK: US Treasury prices pared gains slightly on Tuesday as stronger-than-forecast data on U.S. consumer confidence in March soothed some worries about flagging consumer spending in the first quarter.The Conference Board said on Tuesday its U.S. consumer confidence index rose to 96.2 from an upwardly revised 94.0 in February. Analysts polled by Reuters had forecast a reading of 94.0.Benchmark 10-year Treasury notes were last up 7/32 in price for a yield of 1.860 percent, ...

Business & Finance - Managed Funds

US yields steady ahead of two-year note sale NEW YORK: US Treasury yields were little changed on Monday in advance of a $26 billion sale of two-year notes, part of this week's $88 billion in longer-dated government debt supply.Traders brushed off softer-than-forecast data on domestic consumer spending in February, which supports the view of sub-par economic growth in the first quarter and the likelihood the Federal Reserve will leave benchmark interest rates alone at least into mid-year.The Commerce Department said on Monday that ...