09292016Thu
Last update: Thu, 29 Sep 2016 04am

Managed Funds

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 yields on the seven-year bond dropped to 17.353 percent compared with 17.521 at the last similar sale, held on July 25. Copyright Reuters, 2016 ...

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 ...

Business & Finance - Managed Funds

Euro zone yields nudge higher as focus shifts to US jobs data LONDON: Euro zone bond yields edged up on Friday as investors waited to see whether jobs data from the United States would reignite expectations for a near-term interest rate hike in the world's largest economy. Steadying from sharp falls on Thursday after the Bank of England restarted monetary easing to limit the impact of economic headwinds from Britain's vote to leave the European Union, focus has quickly shifted to July's US nonfarm payrolls due at ...

Business & Finance - Managed Funds

UK government bond yields plunge to new lows after BoE cuts rates LONDON: British government bond yields plunged to all-time lows on Thursday after the Bank of England cut interest rates to the lowest level on record and expanded its government bond purchase programme. The BoE cut rates by 25 basis points to 0.25 percent and said it would buy 60 billion pounds ($79 billion) of government bonds with newly created money as part of a broader stimulus package. Gilt yields fell to record lows across the ...

Business & Finance - Managed Funds

US yields tumble on Bank of England stimulus measures NEW YORK: US Treasury yields fell on Thursday, with some short- and medium-term issues hitting their lowest levels in more than three weeks, after the Bank of England cut interest rates for the first time since 2009 and said it would buy government bonds.The BoE cut rates 25 basis points to 0.25 percent on Thursday and said it would buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote ...

Business & Finance - Managed Funds

Britain's 10-year borrowing costs soar as global bond yields surge LONDON: A global surge in bond yields prompted the biggest rise in British 10-year borrowing costs since June's Brexit vote, while an auction of a new six-year gilt with a record-low coupon drew strong demand on Tuesday.The 10-year gilt yield struck a session high of 0.842 percent and was last at 0.81 percent, up 8 basis points on the day - the biggest daily increase since June 20, three days before the vote to leave ...

Business & Finance - Managed Funds

US Treasury to borrow $201 billion in July-September quarter WASHINGTON: The US Treasury Department said on Monday it expects to borrow $201 billion in net marketable debt in the July-September quarter, about $47 billion higher than its estimate in May, due to lower anticipated receipts and an increased cash balance on Sept. 30. The Treasury said it expects to end the quarter with a $350 billion cash balance, up from the previous estimate of $300 billion. During the October-December quarter, the department said it ...