02122016Fri
Last update: Fri, 12 Feb 2016 05pm

Managed Funds

Business & Finance - Managed Funds

Chile files for debt shelf of $3 billion with US SEC SANTIAGO: Chile's government said late on Monday that it has requested to register a $3.0 billion debt shelf with the US Securities and Exchange Commission (SEC). The Finance Ministry said in a statement that considering the balance of a previously approved debt line, Chile would now be allowed to issue debt overseas for up to $4.2 billion over the next three years. It added that the request with the SEC does not "necessarily mean the debt will be used by Chile's treasury." Copyright Reuters, 2015 ...

Business & Finance - Managed Funds

Bond prices flat ahead of two-year auction NEW YORK: Prices on US Treasuries were mostly flat on Monday during light trading, with the yield on two-year notes edging up to a more than five-and-a-half year high as traders balanced positions ahead of a $26 billion dollar auction of two year notes by the Treasury Department.The yield on two-year notes reached 1.04 percent overnight, marking their highest level since May 2010. Traders attributed the move to end-of-year light trading volumes and market choppiness.Traders ...

Business & Finance - Managed Funds

Egyptian yields buck rate hike with modest rise at auction CAIRO: Yields on Egypt's Treasury bonds rose only modestly at an auction on Monday, shrugging off an official rate rise, and bankers said state banks had bid aggressively for the new debt to hold down government borrowing costs.The bond auction, of 18-month, three-year, and seven-year debt, was the first since the central bank raised interest rates by 50 basis points on Thursday, citing inflationary pressures. .That fuelled expectations that government debt yields would increase by ...

Business & Finance - Managed Funds

Yields rise on solid US economic data, gains in US crude NEW YORK: US Treasury yields rose on Wednesday, with 30-year yields hitting one-week highs after solid US economic data supported views of a swift pace of Federal Reserve rate increases next year and gains in oil prices suggested higher inflation.Yields on 30-year government debt reached a one-week high of 3.009 percent, while yields on Treasuries maturing between 5 and 10 years hit nearly one-week highs after Commerce Department data showed US personal income rose 0.3 ...

Business & Finance - Managed Funds

Yields rise after final US Q3 GDP data above forecast NEW YORK: US Treasury yields rose on Tuesday after a final reading of U.S. third-quarter economic growth came in stronger than expected, reinforcing the view that the Federal Reserve would proceed with a steady pace of interest rate increases next year.Gross domestic product grew at a 2.0 percent annual pace, instead of the 2.1 percent rate reported last month, the Commerce Department said in its third estimate. While the figure was revised lower, it beat ...

Business & Finance - Managed Funds

Japan fund managers keep stocks allocations steady in December TOKYO: Japanese fund managers kept their holdings of global stocks unchanged in December after the US Federal Reserve's first interest rate hike since 2006 spelled uncertainty ahead for risk assets, a Reuters survey found on Tuesday.A survey of six Japan-based fund managers, conducted between Dec. 14 and 18, showed respondents on average wanted to allocate 41 percent to stocks in December, unchanged from November.So far this month the Dow has lost more than 3 percent, ...

Business & Finance - Managed Funds

Yields little changed on caution ahead of year-end NEW YORK: US Treasury yields were little changed on Monday on hesitation to make major bets in thin year-end trading conditions and as attention generally shifted away from the timing of the Federal Reserve's next rate hike.Traders were cautious about making significant bets ahead of year-end because of the thin and potentially erratic trading environment, analysts said."You don't want big positions when markets are illiquid," said David Keeble, global head of interest rates strategy at ...