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Last update: Sun, 31 Jul 2016 10am

Managed Funds

Business & Finance - Managed Funds

Belgian short-term debt yields hit new record low at auction BRUSSELS: Belgium sold 1.895 billion euros ($2.12 billion) of short-term debt on Tuesday, with yields on three-month and one-year treasury bills falling further below zero to new record lows, the country's debt agency said. Three-month paper sold for a negative yield of 0.515 percent, down from the minus 0.508 percent at the most recent auction two weeks ago.Investors also paid, rather than received, interest on one-year paper, with yields falling to minus 0.493 percent from the negative 0.490 percent on May 10.The AA-rated sovereign starting issuing short-term debt at negative yields in mid-2014.The 1.895 billion euros raised is in the middle of the 1.7 to 2.1 billion euro range the debt agency had set for this auction.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Brexit fears drive German bond yields to below zero FRANKFURT: Investors on Tuesday started paying for the privilege of owning rock-solid German government bonds as fears of a possible Brexit and economic worries caused a rush to the safety of German debt.Strong demand for German sovereign bonds, known as "Bunds", caused prices to peak, in turn pushing their yields into negative territory for the first time ever.In the face of heightened political and economic uncertainty, investors flock to safe havens to park their cash ...

Business & Finance - Managed Funds

German 10-year Bund yield negative for first time ever FRANKFURT: Yields on Germany's benchmark 10-year debt fell into negative territory for the first time in its history on Tuesday. Low yields mean high prices and among the factors driving the current rally in the price of the so-called Bund are concerns about the global economy, rock-bottom inflation expectations in the single currency area and fears about a possible "Brexit" with the British referendum on EU membership just 10 days away, traders said.Copyright AFP (Agence ...

Business & Finance - Managed Funds

UK gilt yields at new lows as EU vote doubts grip market LONDON: British government bond yields struck new record lows on Monday, pushed down by uncertainty about the outcome of next week's European Union membership referendum and by a rally in bonds around the world. A move by investors to buy up safe-haven gilts - which pushes down the yield - largely reflected nervousness around sterling assets ahead of the June 23 vote, which opinion polls show will be a close call. Earlier on Monday, the ...

Business & Finance - Managed Funds

Italy sells top amount at auction, 3 year yields rise MILAN: Italy sold 7 billion euros ($7.9 billion) in bonds on Monday, paying higher yields compared to a month ago on the three-year notes as rising concerns Britons may vote to leave the European Union pushed investors to favour safer assets. Italy raised the top planned amount over four notes. Bonds by weaker euro zone issuers were under pressure on Monday after a poll late on Friday showed a significant 10 point lead for the ...

Business & Finance - Managed Funds

Romania sells than planned Dec. 2022 bonds BUCHAREST: Romania sold a less than planned 293.5 million lei ($73.29 million) worth of Dec. 2022 treasury bonds on Monday, with the average accepted yield at 3.09 percent, central bank data showed.Debt managers, who had planned to sell 400 million lei on Monday, last issued the paper in May at an average accepted yield of 3.20 percent.So far this year, the ministry has sold a little over 23 billion lei and 775 million euros of ...

Business & Finance - Managed Funds

Egypt issues $745.4mn in one-year US dollar denominated treasury bills CAIRO: Egypt's Finance Ministry issued $745.4 million in one-year dollar-denominated treasury bills with an average yield of 3.629 percent, the central bank said in a statement on Monday. The minimum yield was 3.59 percent and the maximum was 3.63 percent, it said. Copyright Reuters, 2016 ...