08292016Mon
Last update: Mon, 29 Aug 2016 07pm

Managed Funds

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 a three-month low to a seasonally adjusted 253,000 for the week ended July 16. Mid-Atlantic factory activity, however, contracted but details showed new orders and employment were higher."The US data is actually quite good, and that pushed yields higher," said David Keeble, global head of interest rates strategy at Credit Agricole in New York."I know the Philly Fed is a bit of a disappointment in the headline, but if you look behind the headline, the ...

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, ...

Business & Finance - Managed Funds

Euro zone bond yields rise as risk rally dents safe-haven demand LONDON: Euro zone bond yields rose on Wednesday, giving up early falls as upbeat company earnings boosted US and European stock markets at the expense of safe-haven bonds. The European Commission said consumer confidence in the euro zone and European Union fell sharply in July, a new sign of weaker morale after last month's shock British vote to leave the European Union. But the data was broadly in line with analysts' expectations, removing an incentive ...

Business & Finance - Managed Funds

Yields fall ahead of first major post-Brexit euro area data LONDON: Euro zone bond yields fell on Wednesday ahead of the clearest measure yet of how Britain's shock vote to leave EU is likely to spill over into the bloc's economy at large. The initial reading of euro zone consumer confidence for July is due at 1400 GMT after a survey on Tuesday indicated the mood among investors in the bloc's biggest economy, Germany, had plunged this month due to post-Brexit uncertainty.Further signs that the ...

Business & Finance - Managed Funds

Prices rise as risk appetite slides with weak stocks, oil NEW YORK: US Treasury debt prices gained on Tuesday as risk appetite waned following declines in stocks, hurt by the drop in oil prices as well as soft consumer sentiment data in Germany. Yields on US 10-year notes and 30-year bonds fell as a result after three days of gains, while those on the short end of the curve were mixed. A coup attempt may have been averted in Turkey, but the ramifications, including a ...

Business & Finance - Managed Funds

Indonesia sells 18trn rupiah of bonds at auction, above target JAKARTA: Indonesia sold 18 trillion rupiah ($1.38 billion) of bonds at an auction on Tuesday, well above the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The t-bills maturing in October 2016 had a weighted average yield of 5.34465 percent, while the t-bills maturing in July 2017 had a weighted average yield of 6.14615 percent.The weighted average yield for bonds maturing in July 2021 was 6.85354 percent, lower ...

Business & Finance - Managed Funds

JGBs mostly edge down, taking cues from stronger stocks TOKYO: Japanese government bonds mostly edged lower on Tuesday as stock market gains lessened the appeal of fixed income assets, though they remained supported by Bank of Japan buying and hopes for further stimulus. The 10-year JGB yield added half a basis point to minus 0.230 percent, and September 10-year futures managed to eke out a 0.02 point gain to 153.12.The Nikkei stock index ended up 1.4 percent, as markets reopened after a public holiday ...