05052016Thu
Last update: Thu, 05 May 2016 09pm

Managed Funds

Business & Finance - Managed Funds

Yields rise on hawkish Fed comments, corporate supply NEW YORK: US Treasury yields rose on Monday after two Federal Reserve officials gave bullish projections on inflation and as investors prepared for new corporate debt sales.Richmond Fed President Jeffrey Lacker said inflation was likely to accelerate in coming years and move toward the Federal Reserve's 2 percent target.San Francisco Fed President John Williams told Market News International that he would advocate for another interest rate hike as early as the April meeting, noting "very encouraging" progress in inflation."There were some hawkish comments from a couple of Fed officials, on the margin pointing to the potential for the Fed to continue with their new path of normalization," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut.Yields had fallen since the Fed gave a more dovish-than-expected outlook on the economy on Wednesday, noting that the United States continued to face risks from an uncertain global economy even ...

Business & Finance - Managed Funds

Euro zone yields edge down, Catalonia downgrade puts Spain in focus LONDON: Euro zone bond yields hovered on Monday near lows hit last week, with Spain in focus after the wealthy region of Catalonia was downgraded. Standard & Poor's cut Catalonia's credit rating to B+ on Friday, pushing it further into junk territory after a previous downgrade in October. The rating agency cited weakening financial management and maintained a negative outlook on the region where a drive towards independence from Spain has grown.S&P's move reflects persistent ...

Business & Finance - Managed Funds

Portugal to issue up to 1bn euros of 5- and 15-year bonds in auction LISBON: Portugal's IGCP debt agency said on Friday it will issue a total of between 750 million euros ($846 million) and 1 billion euros of five- and 15-years bond in an auction on March 23. The IGCP said it will issue bonds maturing in April 2021 and February 2030 in the auction. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Italian yields hit one-year low as ECB easing talk returns LONDON: Italian 10-year bond yields hit their lowest in almost a year on Friday, as yields fell around the euro zone after comments from the European Central Bank that appeared to put further interest rate cuts back on the table. ECB Executive Board Member Peter Praet was quoted as saying that interest rates had not reached their lower limit and that a rate reduction remained part of the ECB's armoury. His boss Mario Draghi had ...

Business & Finance - Managed Funds

JGBs rally after strong results at BOJ buying operations TOKYO: Japanese government bonds rallied on Friday with 10- and 20-year yields notching fresh record lows after strong results at the Bank of Japan's bond-buying operations. The 10-year JGB yield fell 4.5 basis points to minus 0.100 percent, after earlier falling as low as minus 0.135 percent.The move was the first time since 1980 that the 10-year yield has fallen below the central bank's policy rate, which is now at minus 0.10 percent.The 20-year yield ...

Business & Finance - Managed Funds

US yields retreat as Fed rate outlook weighs NEW YORK: US Treasury debt yields fell for the fourth straight session on Thursday, a day after the Federal Reserve lowered its expectations for interest rate hikes this year and expressed concerns about the state of global financial markets.Benchmark 10-year note yields fell to one-week lows, while U.S. two-year notes, the maturity most sensitive to Fed rate expectations, slid to a two-week trough.The spread in the yield between U.S. five-year and 30-year notes increased by ...

Business & Finance - Managed Funds

US yields fall after Fed cuts rate hike view NEW YORK: US Treasury yields fell across the board on Wednesday after the Federal Reserve, as expected, held interest rates steady while revising its outlook for interest rate increases to just two by the end of the year. At the December meeting of the Federal Open Market Committee, the US central bank projections showed at least four rate increases for 2016. Prior to the outcome of the FOMC meeting, US two-year note yields touched 1 ...