06012016Wed
Last update: Wed, 01 Jun 2016 12pm

Managed Funds

Business & Finance - Managed Funds

Bund yields near six-week highs on anniversary of historic sell-off LONDON: Germany's 10-year bond yield rose sharply on Friday towards six-week highs as stronger oil prices and hawkish comments from a Federal Reserve official triggered selling, on the first anniversary of one of the biggest Bund routs in history. Brent crude headed for its biggest monthly rise in seven years, touching 2016 highs as a weak dollar and falling US production tempered concerns about an excess of physical oil.Dallas Federal Reserve President Robert Kaplan meanwhile said he could back a rise in US interest rates as soon as June or July, if US economic data firms up as he expects. Against this backdrop, euro zone yields steadily moved higher, shrugging aside data that showed the region slipped back into deflation in April."One way to explain the move in bonds is the comment from the Fed's Kaplan," said DZ Bank strategist Christian Lenk."He's not a voting member of the Fed but ...

Business & Finance - Managed Funds

Mauritius 91-day Treasury bill yield rises to 2.34pc PORT LOUIS: The weighted average yield on Mauritius's 91-day Treasury bills rose to 2.84 percent at auction on Friday from 2.76 percent at the last sale on April 22, the central bank said. The Bank of Mauritius sold all the 800 million rupees worth of the debt it had offered. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Spain to issue bonds due 2021, 2026, 2030 and 2040 on Thursday MADRID: Spain plans to auction four bonds at the scheduled auction on Thursday, including an inflation-linked bond due 2021 and paper maturing 2026, 2030 and 2040. The inflation-indexed bond is due November 30, 2021 and holds a 0.3 percent coupon. The other bonds are due April 30, 2026, with a 1.95 percent coupon, July 30, 2030, also with a 1.95 percent coupon and July 30, 2040, with a 4.9 percent coupon. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Kenya's 91-day T-bill yield falls to 8.526pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 8.526 percent at auction on Thursday from 8.770 percent last week, the central bank said. The bank said it received bids worth 16.66 billion shillings ($164.89 million) for the 4 billion shillings of bills offered. It accepted 12.40 billion shillings. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Portugal's 10-year bond yield reverses falls on court's Novo Banco decision LONDON: Portugal's 10-year bond yield reversed falls on Thursday after reports that a Lisbon court has provisionally suspended a central bank decision to transfer bonds from "good bank" Novo Banco to Banco Espirito Santo. TSF radio reported the court had set an injunction against the decision made by the Bank of Portugal in December, which has prompted a storm of complaints by investors. Daily Diario de Noticias said the transfer of 1.985 billion euros of ...

Business & Finance - Managed Funds

German bond yields fall after BoJ surprise, tight-lipped Fed LONDON: German bond yields dropped on Thursday after the Bank of Japan surprised markets by leaving policy unchanged and the US Federal Reserve gave no signal it would raise interest rates soon. Sharp falls in Asia's biggest stock market spilled over to European bourses, sending investors into the refuge of German bonds and other safe havens including the Japanese yen. German 10-year bond yields shed 5 basis points to 0.24 percent -- set for their ...

Business & Finance - Managed Funds

Turkey marketing tap of US$1.5bn February 2045 at 5.5pc area LONDON: The Republic of Turkey is tapping its US$1.5bn 6.625pc February 2045 Global bond, according to a source. Books are open and the SEC-registered bond is being marketed at a yield of 5.5pc area. Turkey is seeking to raise a benchmark size. The deal is today's business with BNP Paribas, Goldman Sachs and JP Morgan lead managers. Turkey is rated Baa3/NR/BBB-. Copyright Reuters, 2016 ...