Managed Funds
Tuesday, 02 April 2013 10:31
246
TOKYO: Japanese government bond prices rose on Tuesday even ahead of a 10-year bond auction later in the day, as unexpectedly weak US factory data hurt share prices and as investors bet on more bond buying by the Bank of Japan.The yield on the current 10-year JGBs fell 0.5 basis point to 0.555 percent, off near-decade low of 0.510 percent hit last week."The adjustment in Japanese share prices spurred buying in JGBs. I suspect European shares will also fall after the long weekend. It's difficult to short JGBs now," said a fund manager at a Japanese asset management firm.Japan's Nikkei stock average dropped to a three-week low after the weak Institute for Supply Management data suggested the US economy was losing some momentum at the end of the first quarter as the effects of a tighter fiscal policy kicked in.The Ministry of Finance offered 2.4 trillion yen of 10-year bonds, ...
NEW YORK: Prices for US Treasuries rose on Monday after data showing US manufacturing growth slowed in March fed worries about the strength of the recovery in the world's biggest economy, kicking off a week heavy in key figures on the labor market.The Institute for Supply Management said its index of national factory activity fell to 51.3 from 54.2 in February. A reading above 50 indicates expansion in the manufacturing sector. New orders, a key ...
MADRID: Spain's Treasury said on Monday it aimed to raise up to 4 billion euros ($5.14 billion) in bonds at an auction on Thursday. Spain expects to place between 3 billion and 4 billion euros in a 3.3 percent bond maturing in 2016, a 4.1 percent bond maturing in 2018 and a 5.5 percent bond maturing in 2021. Copyright Reuters, 2013 ...
MOSCOW: Russia's Finance Ministry said it plans to borrow 300 billion roubles in OFZ treasury bonds between April and June, focusing more on bonds maturing in up to seven years that could narrow the gap between short-term and long-term borrowing costs.Narrowing that gap could potentially enable the finance ministry to offer smaller premiums on longer-dated debt.In the first three months of the year, Russia fell far short of its funding target for treasury bonds, placing ...
TOKYO: Japanese government bond prices fell on Monday, as investors took profits at the start of Japan's financial year after yields on benchmark 10-year debt had fallen to a near-decade low and ahead of an auction of the same maturity on Tuesday.The 10-year yield added 3 basis points to 0.590 percent, hitting a two-week high and further backing off from a near-decade trough of 0.510 percent plumbed on Thursday. It fell 23.5 basis points in ...
TOKYO: Yields on benchmark 10-year Japanese government bonds pulled back from a near-decade low on Friday, as investors took some profit ahead of next week's auction of similar maturities and a Bank of Japan policy meeting.The 10-year yield climbed 1.5 basis points to 0.525 percent, off its lowest level since June 2003, when it plumbed a record low of 0.430 percent on the back of quantitative easing by the BOJ.Despite Friday's rebound, the yield on ...
NEW YORK: Fears about the euro zone sent benchmark 10-year Treasuries yields to more than three-week lows and helped them break below technical resistance on Wednesday as investors fretted over further bank restructurings and Italy's soft bond auction.Bonds rallied even as the Treasury sold $35 billion in new five-year notes to solid demand, the second sale of $99 billion in new coupon-bearing debt this week.Demand for lower risk bonds heading into a long Good Friday ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
