02112016Thu
Last update: Thu, 11 Feb 2016 01pm

Managed Funds

Business & Finance - Managed Funds

Prices rise on safety bid as oil, stocks slide NEW YORK: US Treasury debt prices rose on Wednesday in thin volume, as a fall in oil prices and on the stock market prompted investors to seek safe-haven government bonds.Benchmark 10-year yields, which move inversely to prices, fell to session lows below 2.2 percent, well off the day's peaks. U.S. 30-year bond yields were slightly higher on the day, but remained below a key 3.0 percent level.Yields were also lower on the front end of the curve, even though investors have priced in a Federal Reserve interest rate hike next week.Oil prices, which have influenced the Treasury market this week in the absence of major U.S. economic data, fell again as investors remained worried about a supply glut. Weakness in oil has also driven selling in stocks, spurring a bid in safe-haven U.S. Treasuries."The stock market weakness and the fall in the price of oil have provided a bid in ...

Business & Finance - Managed Funds

Greece sells 2.9bn euros of T-bills, yields steady ATHENS: Greece sold 2.925 billion euros ($3.20 billion) of six-month and three-month T-bills to refinance maturing debt, the country's debt agency said on Wednesday. It raised 1.625 billion euros from the new six-month securities at a yield of 2.97 percent and a bid-to-cover ratio of 1.30, unchanged compared to the previous sale. The amount raised included 375 million euros in non-competitive bids. Greece also sold 1.3 billion euros of three-month bills at a yield of ...

Business & Finance - Managed Funds

Yields inch higher in choppy trading as oil slides NEW YORK: US Treasury debt yields edged higher on Tuesday in choppy trading after falling the previous two sessions, but sentiment remained cautious with the continued drop in oil prices, suggesting inflation would remain subdued.On Monday, investors had sought Treasuries as a safety play given the plunge in oil prices.U.S. 30-year bond yields, which move inversely to prices, recovered a bit but remained below the key 3.0 percent level. Benchmark 10-year yields, on the other ...

Business & Finance - Managed Funds

Belgium plans to raise less debt in 2016 BRUSSELS: Belgium plans to sell fewer medium- and long-term bonds in 2016, the debt agency said on Tuesday, as it has less debt to mature and a lower government deficit. Belgium said it had overall borrowing requirements of 38.9 billion euros ($42.0 billion), down from the 40.1 billion for 2015 and it would finance 33.5 billion through the sale of so-called OLOs, medium- and long-term bonds. Aided by a string of new bonds sold by ...

Business & Finance - Managed Funds

Greek yields highest since elections as Tsipras hits out at IMF LONDON: Greek 10-year bond yields hit their highest level since September's elections on Tuesday, as Prime Minister Alexis Tsipras' criticism of the IMF stoked concerns about the country's willingness to implement its bailout deal.In a television interview on Monday, Tsipras said the International Monetary Fund was not playing a constructive role in Greece's bailout and should make up its mind whether it wants to stay in the programme.Tsipras was re-elected in September's snap poll with ...

Business & Finance - Managed Funds

Swiss Treasury reopens 1.25pc 2026 bond, 4pc 2049 bond ZURICH: The Swiss Federal Treasury said on Tuesday it was reopening two bonds.It will top up its 1.25 percent bond maturing in 2026 and top up its 4 percent bond maturing in 2049 in tenders. Copyright Reuters, 2015 ...

Business & Finance - Managed Funds

Greek 10-year bond yields rise to highest since mid-September LONDON: The yield on Greece's 10-year government bond rose to its highest level in almost three months on Tuesday, amid concerns about the country's ability to push forward with key reforms.Greek 10-year government bond yields rose 18 basis points to 8.765 percent, their highest since mid-September."It's becoming more and more obvious that the new government will run into problems getting reforms through parliament," said Bayerische Landesbank rate strategist Norbert Wuthe."Social and political resistance is growing ...