06012016Wed
Last update: Wed, 01 Jun 2016 06am

Managed Funds

Business & Finance - Managed Funds

German yields nudge up as oil prices clear $50 a barrel LONDON: Europe's benchmark German bond yield nudged up on Thursday as oil prices cleared $50 for the first time in 2016 and raised the prospects of a future boost to the bloc's near-zero inflation. The tentative rise in yields, which followed a broad rally on Wednesday after Greece struck a debt deal with its international creditors, also came ahead of US durable goods data that could provide further fuel for those calling for another rate rise in the world's largest economy.Dallas Federal Reserve Bank President Robert Kaplan on Wednesday said he would support raising interest rates in the "near future," though a vote by Britain on whether to leave the European Union will weigh on any Fed rate decision in June.German 10-year bond yields - which move inversely to prices - rose 1 basis point to 0.16 percent, while the futures shed 5 ticks to trade at 163.85."The next key ...

Business & Finance - Managed Funds

US bond prices flat ahead of 5-year note sale NEW YORK: US Treasury prices were little changed on Wednesday, paring initial losses, in advance of a $34 billion auction of five-year notes following Tuesday's stellar two-year debt sale. Short- and medium-term yields touched 10-week highs in earlier trading, as further gains on Wall Street and growing bets on a possible Federal Reserve rate increase this summer reduced demand for US government debt. The decline in US bond prices was limited by expectations of solid ...

Business & Finance - Managed Funds

Poland sells 718.5mn zlotys in bonds at top-up tender WARSAW: Poland sold a total of 718.5 million zlotys ($181.38 million) in bonds due July 2021 and August 2023 at a top-up tender on Wednesday, the finance ministry said in a statement. This consisted of 703.5 million zlotys in bonds due July 2021 and 15 million zlotys in bonds due August 2023. The total demand amounted to 2.75 billion zlotys. Details of the auction are available at the ministry's pages in the Reuters system. Copyright ...

Business & Finance - Managed Funds

Croatia to offer 700mn HRK in T-bills next week ZAGREB: Croatia will offer 700 million kuna ($105 million) worth of treasury bills at an auction next week, the Finance Ministry said on Wednesday.On May 31, it will offer only the longest-maturity one-year paper in the national kuna currency although the ministry often auctions also three- and six-month papers and those denominated in euros.This week the auction fell short of targets.The benchmark overnight rate on the local money market was quoted at 0.37 percent on ...

Business & Finance - Managed Funds

Indonesia sells 9.99trn rupiah of bonds at auction, below target JAKARTA: Indonesia sold 9.99 trillion rupiah ($730.26 million) worth of bonds at an auction on Tuesday, below the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said.Total incoming bids were 14.69 trillion rupiah, higher than the 13.43 trillion rupiah received in the previous auction on May 10.The highest bid-to-cover ratio was 2.95 for the bonds maturing in May 2031.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Demand for Russia's Eurobond amounts to around $6.3bn MOSCOW: Investor demand for Russia's 10-year dollar-denominated Eurobond has amounted to around $6.3 billion, IFR reported on Tuesday. A financial market source told Reuters the order book will be closed at 1100 GMT on Tuesday.Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Russia to sell US dollar bonds through VTB Capital LONDON: Russia's first US dollar bond since 2013 has generated demand of US$3bn, according to a source away from the deal, but very few details have emerged since the sovereign announced the transaction earlier on Monday. Sole lead manager, VTB Capital, has yet to send an update since Russia announced initial price thoughts of 4.65-4.90% for the 10-year offering. The state-owned bank, which is subject to Western sanctions, declined to comment on the size of ...