09252016Sun
Last update: Sun, 25 Sep 2016 08pm

Managed Funds

Business & Finance - Managed Funds

US bond yields rise before auction as Fed meets NEW YORK: Yields on US government bonds edged higher on Tuesday ahead of a $34 billion auction of five-year notes, while the Federal Reserve began a two-day meeting that may produce clues on the timing on a possible interest rate increase.The U.S. central bank is widely expected to leave its target on policy rates at 0.25 percent to 0.50 percent this week due to global risks, but traders seemed wary of signals the Fed would consider raising rates by year-end on signs the economic expansion remains on track.The domestic economy's resilience following Britain's stunning vote to leave the European Union last month, known as Brexit, may allow Fed policymakers to normalize interest rates after raising them for the first time in nearly decade back in December.Uneasiness over Fed signals on the next rate hike in its policy statement at 2 p.m. (1800 GMT) on Wednesday has left investors reluctant to ...

Business & Finance - Managed Funds

Brexit a danger to US financial stability: Treasury WASHINGTON: Britain's vote last month to exit the European Union has raised the danger level for US financial stability, according to US Treasury Department report released Monday.The US Office of Financial Research said risks to the American economy remained in the "medium" range but had been exacerbated by shock victory of the "leave" campaign in Britain's June 23 referendum on EU membership. "Because the UK economy and especially the UK financial system are highly connected ...

Business & Finance - Managed Funds

US short-dated yields rise on weak auction before FOMC NEW YORK: Short-dated US Treasury yields climbed on Monday to four-week highs following a weak $26 billion two-year note sale, part of $88 billion of coupon-bearing government debt being auctioned this week.Longer-dated Treasury yields followed Wall Street stocks lower, with traders wary of possible signals from the Federal Reserve about an interest rate increase later this year following its policy meeting on Tuesday and Wednesday. "We were slightly apprehensive going into the two-year auction. I ...

Business & Finance - Managed Funds

US short-dated yields rise before 2-year note sale NEW YORK: Short-dated US Treasury yields edged up on Monday to four-week highs in advance of a $26 billion two-year note sale, part of $88 billion of coupon-bearing government debt being auctioned this week.Longer-dated Treasury yields followed Wall Street stocks lower, with traders wary of possible signals from the Federal Reserve about an interest rate increase later this year following its upcoming policy meeting on Tuesday and Wednesday."With stocks starting to fall, we are looking ...

Business & Finance - Managed Funds

Emerging bond fund inflows hit new weekly record high: JPM LONDON: Flows into emerging market bond funds set a new record high of $4.7 billion in the past week, and combined equity and debt inflows were the second highest on record, JPMorgan said on Friday. The bumper inflows come despite a revival in expectations for a US rate rise this year and a failed July 15 coup in Turkey which has resulted in a government crackdown and massive selloff in local markets."The surge in retail ...

Business & Finance - Managed Funds

US 10-year TIPS supply fetches solid demand NEW YORK: The US Treasury Department on Thursday sold $13 billion of 10-year Treasury Inflation Protected Securities to solid investor demand at a yield of 0.045 percent, the lowest yield at an auction since May 2013, Treasury data showed. The ratio of bids to the amount of 10-year TIPS offered was 2.39, up from 2.27 at the prior auction in May and the highest since March 2015.Indirect bidders which include fund managers and foreign central ...

Business & Finance - Managed Funds

US 10-year yields hit four-week high after US data  NEW YORK: US Treasury long-dated debt yields rose on Thursday, boosted by generally upbeat US economic data as well as remarks by the European Central Bank's president that downplayed the impact of Britain's move to exit the European Union.US 10-year note yields, which move inversely to prices, climbed to four-week peaks, while that of US 30-year bondsadvanced to three-week highs. Long-dated yields climbed for a second straight session.Thursday's data showed US initial jobless claims hit ...