07272016Wed
Last update: Wed, 27 Jul 2016 04pm

Managed Funds

Business & Finance - Managed Funds

Mauritius 91-day Treasury bill yield falls to 1.87pc PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill fell to 1.87 percent at auction on Friday from 1.96 percent at last week's sale, the central bank said. The Bank of Mauritius sold all the 1.8 billion rupees ($50.85 million) worth of the debt it had offered. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

South Africa's 3-month T-bill average yield unchanged at 7.32pc JOHANNESBURG: South Africa sold 2.555 billion rand ($168 million) worth of three-month Treasury bills on Friday, at an average yield of 7.32 percent which was unchanged from last week, central bank data showed.The bid-to-cover ratio rose to 2.2 from 1.5. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Spanish public debt inches lower in April: Bank of Spain MADRID: Spanish gross public debt dropped by 16.33 billion euros ($18.37 billion) in April from a month earlier to 1.08 trillion euros, the Bank of Spain said on Friday. Debt was 98.99 percent of gross domestic product in April, according to Reuters calculations using seasonally adjusted GDP data between the second quarter of 2015 to the end of the first quarter of this year from the National Statistics Institute. That was down from 100.49 percent ...

Business & Finance - Managed Funds

Euro zone bond markets steady as Brexit chances seen receding LONDON: A sell-off in southern European bonds abated on Friday and yields on safe-haven German Bunds nudged back above zero as the murder of a pro-"Remain" British lawmaker was seen slightly reducing the chance of a Brexit vote next week. Tensions emanating from Britain's vote on EU membership on June 23 has, over the last week, reopened a fault line between the haves and have-nots in the euro zone bond market in an echo of ...

Business & Finance - Managed Funds

Dovish Fed tips German 10-year bond yield to record low LONDON: Germany's 10-year bond yield hit a record low of below zero on Thursday as global bond markets rallied on fading expectations for U.S. rate rises after the Federal Reserve held rates and lowered economic growth forecasts.U.S. Treasury yields hit four-month lows and were not far off their lowest levels in almost four years. That helped narrow the gap between 10-year U.S. and German yields towards its tightest level in about four months."Markets just keep ...

Business & Finance - Managed Funds

China's Bohai steel says has paid interest on bonds due 2017 HONG KONG: China's Bohai Steel Group said it had paid the coupon on its yuan-denominated bonds, which was due on Wednesday, and gave assurance that it had sufficient funds to pay the coupon on dollar bonds due for payment on June 17. The 6.4 percent coupon is on its 1.5 billion yuan bond .China's steelmakers are in the eye of a storm as Beijing moves to slim down bloated industries, including steel and coal, to ...

Business & Finance - Managed Funds

Neighbour Ireland feels Brexit tremors in bond market LONDON: The premium Ireland would pay to borrow compared with euro zone benchmark Germany hit its highest level in nearly a year on Tuesday as investors fretted about the economic impact on Dublin of a potential British exit from the European Union. The gap between Irish and German 10-year bond yields widened to 88 basis points in early trade, the highest since July 2015, according to Tradeweb. Britain holds a referendum on its EU membership ...