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Last update: Tue, 31 May 2016 09pm

Managed Funds

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 failed to reach a consensus on a majority government since the elections in December, prompting a recalled election which is widely expected to produce similar results. Spain sold 1.9 billion euros of a new 0.3 percent 5-year inflation-linked bond maturing on November 30, 2021, at an average yield of -0.108 percent. The Treasury had planned to sell between 1.5 billion to 2.0 billion euros of the bond. The Spanish Treasury also sold 489 million euros ...

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 ...

Business & Finance - Managed Funds

Biggest daily fall in German 10-year bond yields in 2016 LONDON: German Bund yields recorded their biggest daily fall in 2016 on Tuesday as concerns about the global economy outweighed fears that bond markets could see a repeat of the sell-off that struck a year ago. Ten-year yields, which rose for three successive weeks ahead of inflation data on Friday that marked the anniversary of last year's bond blowout, fell 8 basis points to just below 0.20 percent, the biggest daily fall since early December ...

Business & Finance - Managed Funds

Yields rise as US manufacturing sector expands NEW YORK: US Treasury yields rose on Monday after data showed that the US manufacturing sector expanded, albeit at a slower pace than the previous month.The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.8 in April from 51.8 the month before."I think perhaps people were positioning for a weaker number, given the weakness in some of the regional indicators," said Gennadiy Goldberg, an interest rate strategist at TD ...

Business & Finance - Managed Funds

Yields rise as investors evaluate Fed policy NEW YORK: US Treasury yields rose on Monday as investors evaluated when the Federal Reserve is likely to next raise interest rates again and awaited Friday's highly anticipated jobs report for April.Yields have fallen since the Fed kept interest rates unchanged last Wednesday and described an improving labor market while also acknowledging that economic growth seemed to have slowed.The US central bank also removed a reference to global risks, opening the door slightly to an ...

Business & Finance - Managed Funds

Puerto Rico to default on $422mn debt payment SAN JUAN: Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the US commonwealth would default on $422 million in debt.The governor said that San Juan can't pay creditors when it needs to fund public sector salaries, health and education budgets, which, if neglected, could unleash a "humanitarian crisis."Puerto Rico has been locked in recession for a decade, and already defaulted on some debt payments at the beginning of the year.Despite sweeping ...