08282016Sun
Last update: Sun, 28 Aug 2016 10am

Managed Funds

Business & Finance - Managed Funds

JGBs slip after weak 30-year auction, rebounding stocks TOKYO: Japanese government bonds were mostly down on Tuesday as weak demand at a 30-year auction undermined already shaky sentiment against the backdrop of rebounding equities, though bargain-hunting late in the session brought yields off their highs.The Nikkei stock index ended up 2.5 percent as risk appetite recovered, lessening the appeal of safe-haven government debt.Superlong JGBs underperformed, with the 20-year yield rising 1.5 basis points to 0.065 percent, but off a session high of 0.095 percent.The 30-year yield rose 4 basis points to 0.135 percent , from 0.110 percent earlier in the session though down from 0.145 percent after the weak auction.The Ministry of Finance offered 800 billion yen ($7.77 billion) of 30-year JGBs with a 0.30 percent coupon.The notes sold at a lowest price of 104.45, below what many market participants had expected, and drew bids of 2.64 times the amount offered, falling from the previous sale's bid-to-cover ratio ...

Business & Finance - Managed Funds

Sri Lanka launches 5.5 years bond at 5.75pc; 10 years bond at 6.825pc COLOMBO: Sri Lanka launched a $500 million, 5.5-year bond at a yield of 5.75 percent and a $1 billion, 10-year bond at 6.825 percent on Monday, to be allocated and priced shortly, a source close to the deal told Reuters. The island nation's first two-tranche bond has already received orders exceeding $4.5 billion, forcing yields lower.Citigroup, Deutsche Bank, HSBC and Standard Chartered are joint bookrunners. Last October, Sri Lanka sold a $1.5 billion 10-year bond ...

Business & Finance - Managed Funds

US 10-Year Treasury yield falls to record low LONDON: The US 10-year Treasury yield, a benchmark for borrowing costs across the globe, fell to a record low on Monday as investors sought safe-haven assets in the face of concerns about global growth.The yield touched a new low of 1.378 percent, according to Reuters data, dropping below the previous trough of 1.3810 struck in July 2012.Concerns about growth, not least as a result of Britain's vote last month to leave the European Union, and ...

Business & Finance - Managed Funds

Yield on Egypt's 5-year bond rises at Monday's auction CAIRO: Yields on Egyptian government five-year bonds rose at an auction on Monday. The average yield on the five-year bond rose to 16.520 percent from an average of 16.512 percent at the previous auction on June 20. The average yield on the ten-year bond was 17.238 percent. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Euro zone yields rise as focus shifts from Brexit to supply LONDON: Borrowing costs in the euro zone rose for the first time in more than a week on Monday as investors took prices down to make room for some 20 billion euros of bond supply from the region this week, halting a post-Brexit slide in yields.Austria, Germany, Spain and France are due to hold bond auctions and there is talk that Spain could also announce plans to sell new 10-year paper via a syndication to ...

Business & Finance - Managed Funds

US bonds rally, 30-year yield hits lowest since 1950s NEW YORK: The US Treasuries market rallied on Friday, with the 30-year yield hitting its lowest since the 1950s in a worldwide scramble for bonds on expectations of weak global growth and more policy stimulus from major central banks.Trading volume was light in advance of a three-day weekend. The US bond market will close early at 2 p.m. (1800 GMT) and will stay shut on Monday for the July Fourth holiday.Last week's stunning referendum vote ...

Business & Finance - Managed Funds

Portugal to offer up to 4.5bn euros in T-bill this quarter LISBON: Portugal plans to offer up to 4.5 billion euros ($5.01 billion) of Treasury bills this quarter in monthly sales and to issue bonds via a combination of syndicated issuance and auctions, where it will offer up to 1.25 billion euros per auction. The IGCP debt agency said it would hold T-bill auctions on July 20, Aug. 17 and Sept. 21, offering maturities between 3 months and one year. This month, it will auction between ...