07012016Fri
Last update: Fri, 01 Jul 2016 05am

Managed Funds

Business & Finance - Managed Funds

US 3-year notes sold at highest yield since March NEW YORK: The US Treasury Department on Tuesday sold $24 billion of three-year notes at a yield of 0.930 percent, the highest yield at an auction of this maturity since March, according to Treasury data.The ratio of bids to the amount offered was 2.79, down from 2.93 at the prior three-year auction in May.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

German Bund yield hits more than one-year low as political risk mounts LONDON: Germany's benchmark 10-year Bund yield fell to its lowest level in more than a year on Tuesday, pushing closer to zero against a backdrop of rising political risks in Europe and unprecedented monetary stimulus from the European Central Bank. Data on Monday showed the ECB, faced with a scarcity of bonds for its asset-purchase programme, bought more German, French and Italian bonds than its rules dictate in May. The 1.74 trillion euro programme has ...

Business & Finance - Managed Funds

Nigeria to raise 105bn naira in local currency bonds LAGOS: Nigeria plans to raise 105 billion naira ($527.6 million) in local currency-denominated bonds with maturities of five to 20 years on June 15, the debt Management Office said on Tuesday.The debt office said it will raise 50 billion naira from a local bond maturing in 2036, 40 billion naira on paper maturing in 2026 and 15 billion naira on debt maturing in 2020.All the debt notes are reopenings of previously issued paper.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Weak US jobs data, Brexit fears pin Bund yields near record lows LONDON: Weak jobs data that has dashed expectations for an imminent rise in US interest rates and growing concerns over whether Britain will stay in the European Union pinned German 10-year bond yields near record lows on Monday.Bund yields posted their biggest one-day fall in a month on Friday, hitting their lowest level in more than a year, after US payrolls data showed the slowest job growth in more than five years.The safe-haven bond market ...

Business & Finance - Managed Funds

Taiwan sells 10-year govt bonds at 0.802pc yield TAIPEI: Taiwan auctioned T$30 billion ($920 million) in 10-year government bonds at a yield of 0.802 percent, the central bank said on Saturday. The yield was at the lower end of forecasts for between 0.80 percent and 0.83 percent in a Reuters poll.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

US debt yields stumble on weak jobs data NEW YORK: US Treasury debt yields tumbled on Friday, as prices rallied after data showed the world's largest economy created the fewest jobs in more than five years in May, quashing expectations that the Federal Reserve would raise interest rates this summer. US two-year note yields, the maturity most sensitive to Fed rate-hike expectations, dropped to two-week lows, while benchmark 10-year note yields slid to their lowest in about two months. US 30-year bond yields, ...

Business & Finance - Managed Funds

China finance minister auctions 3-month bills at 2.1886pc yield SHANGHAI: China's Ministry of Finance auctioned 10 billion yuan ($1.52 billion) of three-month bills in the interbank market on Friday at an average yield of 2.1886 percent, traders said. The auction yield came in below Thursday's benchmark secondary market yield of 2.2002 percent for three-month government bills.Copyright Reuters, 2016 ...