05272016Fri
Last update: Fri, 27 May 2016 07pm

Managed Funds

Business & Finance - Managed Funds

China April FX reserves rise to $3.22 trillion BEIJING: China's foreign exchange reserves rose in April to $3.22 trillion, central bank data showed on Saturday, marking a second monthly rise this year and suggesting the central bank is easing off its interventions as capital outflows ease. Economists surveyed in a Reuters poll had expected foreign exchange reserves to fall to $3.2 trillion.The central bank data also comes after a surprise increase in March when foreign exchange reserves rose slightly to $3.21 trillion, the first monthly increase since November.Prior to that, foreign reserves had dropped $28.57 billion in February to $3.2 trillion, the lowest since December, 2011.While China's reserves have declined steadily since June 2014 when they peaked at $3.99 trillion, the trend has since moderated, according to recent official data.Capital outflows from China have begun to ease, according to recent data from the State Administration of Foreign Exchange (SAFE), with net foreign exchange sales by commercial banks in ...

Business & Finance - Managed Funds

Longer-dated yields rise on signs of wage growth NEW YORK: Longer-dated US Treasury yields edged up on Friday after April's US employment report showed signs of wage growth for American workers, an early sign that inflation may finally be strengthening and could spur the US Federal Reserve toward additional interest rate increases.Yields of most maturities initially fell to a nearly four-week low after the widely followed report showed US employers added the smallest number of jobs in seven months.They retraced that move as ...

Business & Finance - Managed Funds

Bund yields set for biggest weekly fall since January LONDON: German Bund yields hit a two-week low on Friday and were set for their biggest weekly fall since late January against a backdrop of general risk aversion and renewed concerns about global growth.Having risen to almost 0.31 percent just a week ago, yields on top-rated 10-year German bonds have halved, moving back within sight of one-year lows hit in April and leaving behind fears of a repeat of the brutal sell-off that took place ...

Business & Finance - Managed Funds

Yields hit lowest in over 2 weeks ahead of April jobs report NEW YORK: US Treasury yields fell to their lowest in more than two weeks on Thursday as investors positioned for a weaker-than-expected US government jobs report for April.After minimal movement in morning trading, Treasury yields sank as investors digested weak initial jobless claims data and its potential impact on Friday's non-farm payrolls report.The number of Americans filing for unemployment benefits rose by the most since February 2015, exceeding the expectations of economists polled by Reuters, ...

Business & Finance - Managed Funds

Spain sells 4bn euros at quadruple bond sale, yields mixed MADRID: Spain sold 4 billion euros ($4.6 billion) of bonds at auction on Thursday at mixed yields as investors eye Spain's second election in six months in June and tensions mount over the possibility of Britain leaving Europe. The Spanish Treasury had aimed to sell between 3 billion and 4.5 billion euros in the sale, and it has now issued about 42 percent of its year-end medium and long-term issuance target. Spanish political parties have ...

Business & Finance - Managed Funds

Zimbabweans queue at banks as US$ 'bond notes' planned HARARE: Zimbabweans formed long queues outside banks Thursday after the government slapped new limits on cash withdrawals and announced that "bond notes" at par with the US dollar would be introduced.The government adopted US and South African currencies in 2009 after high inflation -- which peaked at 231 million percent -- rendered the local currency unusable.But a shortage of foreign notes led Reserve Bank Governor John Mangudya to announce a raft of measures on Wednesday, ...

Business & Finance - Managed Funds

Yields edge down with equities after mixed US data NEW YORK: US Treasury yields edged lower on Wednesday as a spate of economic data offered scant clarity on the health of the US economy or how quickly the Federal Reserve may proceed with another interest rate increase.Bond yields, which move in the opposite direction of their prices, were contained to a tight range but slid slightly in afternoon trading as US equities and oil fell."It's been a back and forth day and we're holding ...