12082016Thu
Last update: Thu, 08 Dec 2016 05am

Managed Funds

Business & Finance - Managed Funds

Bund yields back above 0.1pc as ECB countdown begins LONDON: German 10-year bond yields topped 0.1 percent on Monday for the first time since the results of the Brexit referendum in June, pushed higher by rising US and British yields as investors turned their focus to this week's European Central Bank meeting.The ECB may discuss technical changes at this week's meeting that would allow it to extend its 1.7 trillion-euro ($1.90 trillion) of asset purchases beyond the March 2017 end-date, at a time when talk of a potential "taper" of its scheme has put markets on edge. Bond yields have risen since the ECB last met in September, with more offering a yield above the bank's eligibility threshold. That creates some space for the ECB, which faces a scarcity of eligible bonds for quantitative easing. Germany's 10-year bond yield, for instance, is up 21 basis points this month, moving out of negative territory to top 0.1 percent on Monday, ...

Business & Finance - Managed Funds

Portugal's bond yields hit 1 month low after govt cuts deficit target LONDON: Portugal's borrowing costs fell to a one-month low on Monday after the government slashed its deficit target in a move that was welcomed by investors in the country's debt.Portugal's Socialist government on Friday announced a 2017 draft budget, saying it aimed to cut its deficit to 1.6 percent of economic output from this year's estimated 2.4 percent. "There is some relief in Portugal and the deficit targets are positive," said DZ Bank strategist Christian ...

Business & Finance - Managed Funds

US bond prices add gains after N.Y. Fed business data NEW YORK: US Treasury prices extended their earlier rise on Monday after the New York Federal Reserve's "Empire" index on regional business activity unexpectedly declined in October, undercutting investor confidence on the US economic expansion. Benchmark 10-year Treasury notes were last up 4/32 in price for a yield of 1.778 percent, down more than 1 basis points from late on Friday. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

German bond yields touch highest since June, ECB meeting looms LONDON: German bond yields rose to their highest level in almost four months on Monday, facing upward pressure from a rise in U.S. and British bond yields as focus turned to an ECB meeting that could shed more light on the central bank's bond buying programme.A report last week that the European Central Bank may discuss technical changes at this week's meeting that would allow it to extend the 1.7 trillion euro asset purchase beyond ...

Business & Finance - Managed Funds

Short-dated JGBs gain after strong 5 years auction TOKYO: Short-dated Japanese government bonds rose in price on Friday after an auction of five-year JGBs drew strong demand, although longer maturities dipped after their yields hit one-week lows the previous day. The five-year JGB yield fell 0.5 basis point to minus 0.205 percent, after the auction 2.4 trillion yen five-year JGBs by the Ministry of Finance drew strong demand from brokerage traders who have short positions.The tender drew bids of 4.31 times the amount ...

Business & Finance - Managed Funds

Yields rise at Egypt's six-month, one-year T-bill auction CAIRO: Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The average yield on the 182-day bill rose to 15.800 percent from 15.755 percent at the last auction, on Oct. 5, and the yield on the 364-day bill inched up to 16.442 percent from 16.439 percent at the last similar auction. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Romania sells planned 600mn lei of Feb. 2020 T-Bonds BUCHAREST: Romania sold a planned 600 million lei ($149.15 million) worth of Feb. 2020 treasury bonds on Monday, with the average accepted yield at 1.82 percent, central bank data showed.Debt managers last sold the paper last month at an average yield of 1.80 percent.So far this year, the ministry has sold roughly 38.7 billion lei and 775 million euros of domestic bonds. Copyright Reuters, 2016 ...