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Managed Funds

Business & Finance - Managed Funds

Euro zone yields fall as politics outweigh supply expectations LONDON: Euro zone bond yields dipped on Tuesday as concerns that Britain faced a "hard Brexit" when it leaves the European Union and the prospect of unpredictable elections in major European economies outweighed inflation and supply expectations.Yields have been rising in the single currency bloc since the start of the year as strong economic data has increased expectations for growth and inflation.The prospect of a traditionally busy January of government borrowing have also pushed yields up as investors make room for new bonds. However, some of these moves reversed after comments by British Prime Minister Theresa May fuelled expectations of a "hard Brexit" without access to the EU's single market and increased demand for safe-haven assets. "Brexit is due to be triggered in March, and this is a foretaste of that, and it's also a reminder of other risk events such as elections in France and Italy," said ING strategist ...

Business & Finance - Managed Funds

Indonesia sells 6.58trn rupiah of Islamic bonds, above target JAKARTA: Indonesia's finance ministry sold 6.58 trillion rupiah ($494.37 million) of Islamic bonds at an auction, above the indicative target of 6 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield for Islamic T-bills maturing in July 2017 was 5.85625 percent.The project-based sukuk maturing in May 2019 had weighted average yield of 7.15391 percent, higher than the 6.88155 percent yield at previous Nov. 1 auction in 2016.The weighted average ...

Business & Finance - Managed Funds

Euro zone yields fall on hard Brexit expectations LONDON: Euro zone government bond yields fell on Monday after comments by British Prime Minister Theresa May fuelled expectations of a "hard Brexit" and increased demand for safe haven assets. German bond yields, the region's benchmark, fell from earlier highs as UK Gilts dragged major low-risk government bond yields lower. Sterling was on track for its biggest losses in three months while the yield on 10-year Gilts fell by 4 basis points (bps) to 1.34 ...

Business & Finance - Managed Funds

Yields rise across the board after solid US jobs data NEW YORK: US Treasury debt yields rallied from multi-week lows on Friday after data showed a rebound in US wages last month despite a smaller-than-expected jobs gain, which could drive the Federal Reserve to consider raising interest rates as early as the first quarter. Yields on benchmark US 10-year notes rose from a five-week trough, while those on 30-year bonds recovered from a seven-week low following the jobs data that reflected a steadily improving labor ...

Business & Finance - Managed Funds

Mauritius 91-day Treasury bill yield edges down to 2.75pc PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill inched down to 2.75 percent at auction on Friday from 2.76 percent at the last sale, the central bank said.The Bank of Mauritius sold all the 1 billion rupees worth of the debt it had offered. Copyright Reuters, 2017 ...

Business & Finance - Managed Funds

'Bonds are back' for a little while, at least LONDON: Investors piled back into bonds in the past week, directing the largest inflow into these funds for three months, although the pause in the bond market selloff will probably only be fleeting, Bank of America Merrill Lynch said on Friday. The $6.3 billion inflow into bond funds in the week to Wednesday follows a torrid year for fixed income funds which saw $93 billion of redemptions, the largest outflow since 2008.The week covered the ...

Business & Finance - Managed Funds

Taiwan sells 2 years govt bonds at 0.608pc yield, below forecast TAIPEI: Taiwan auctioned T$25 billion ($780 million) in two-year government bonds at a yield of 0.608 percent, the central bank said on Friday, missing the forecasts in a Reuters poll for a yield of between 0.62 percent and 0.65 percent.Copyright Reuters, 2017 ...