09282016Wed
Last update: Wed, 28 Sep 2016 04pm

Managed Funds

Business & Finance - Managed Funds

Euro zone bond yields rise on oil surge, US rate hike prospects LONDON: Euro zone bond yields edged back from record lows on Friday, helped by Thursday's almost 5-percent rise in oil prices and support from San Francisco Federal Reserve chief John Williams for a rise in interest rates this year. Oil was down marginally on the day, but is broadly back at three-week highs on expectations that the OPEC group of exporters will discuss ways to prop up a market that continues to be dogged by oversupply.Bonds are sensitive to sharp moves in crude prices because of the implications they can have for future inflation.The likelihood that price growth is heading higher was one of the reasons Williams gave in an interview on Thursday in which he called for tighter monetary policy in the United States.The Fed raised rates last December for the first time in nearly a decade, but did not continue to lift them as it had anticipated in ...

Business & Finance - Managed Funds

Spanish bond yields hit record low as coalition talks progress LONDON: Spanish government bond yields dropped to a record low on Thursday as acting prime minister Mariano Rajoy edged closer to securing a second term in office and ending a near eight-month political deadlock.This came against the backdrop of a broad rally in low-rated euro zone government bonds this week on expectations that the European Central Bank will move further down the ratings spectrum to fulfil its asset purchase programme. Spain's 10-year bond yield fell ...

Business & Finance - Managed Funds

US high-grade bond market sets record for August NEW YORK: The red-hot US investment-grade bond market set a record Wednesday for the biggest August of issuance ever, topping the 2007 mark just eight business days into the month.With five deals in the market on Wednesday, the high-grade primary had already tallied US$76.9bn in new issuance even before all of the day's offerings had been launched.Many syndicate desks were predicting only around US$70bn of total issuance this month.But that was easily met in just ...

Business & Finance - Managed Funds

British yields make one of biggest forays into negative territory in 300-year history LONDON: British gilt yields made one of their biggest forays into negative territory in their 300-year history on Wednesday after a bond rally sparked by the Bank of England's unexpectedly aggressive stimulus package unveiled last week. Yields on two non-benchmark short-dated government bonds went into negative territory for a second day running for the first time, and a third dipped into red, having first done so shortly after Britain's decision to leave the European Union. ...

Business & Finance - Managed Funds

Prices rise in line with global bonds as BOE covers auction NEW YORK: US Treasury prices edged up on Wednesday in line with global bonds, as limited economic data and concern about the continued effectiveness of central banks gave safe-haven U.S. government debt a modest bump.Prices rose early in the North American session, touching session highs just before 9 a.m. EST (1200 GMT).But prices pared gains after the Bank of England (BOE) fully covered its asset purchase operation of 1.17 billion pounds ($1.52 billion) worth of ...

Business & Finance - Managed Funds

Yields mixed at Egypt's T-bond auction CAIRO: Yields rose on Egypt's 1-1/2-year zero-coupon bond and on its three-year Treasury bond but dropped on the seven-year bond at an auction on Monday, data from the central bank showed. The average yield on the zero-coupon bond rose to 15.964 percent from 15.329 percent when it was last sold, on June 27. The yield on the three-year bond also rose to 16.389 percent from 15.521 percent at the last auction, on June 27. The ...

Business & Finance - Managed Funds

New Bank of England bond purchase programme finds no lack of sellers LONDON: Investors rushed to sell bonds to the Bank of England on Monday after it revived its quantitative easing asset purchase programme for the first time in nearly four years to cushion the shock of Britain's decision to leave the European Union. The BoE said it received offers to sell nearly four times the 1.17 billion pounds ($1.53 billion) of short-dated British government debt it was looking for in the first of what it plans ...