09282016Wed
Last update: Wed, 28 Sep 2016 08am

Managed Funds

Business & Finance - Managed Funds

Euro zone yield curves steepen in brief nod to Japan policy shift LONDON: Long-term euro zone bond yields initially rose and curves steepened on Wednesday after the Bank of Japan set a long-term rate target and "curve controls" in a move seen as a shift away from money-printing.But as investors questioned whether the policy shift would be effective in raising inflation expectations, and with the US Federal Reserve adding to uncertainty with a policy meeting that concludes on Wednesday, the market moves were short-lived. The BOJ held off deepening negative rates or expanding its asset purchase target on Wednesday, instead vowing to keep 10-year bond yields around current levels at zero and steepen curves in what could be a boon for the financial system. "We had the initial market impact to the shift in policy and now there's a question over whether that shift can have the desired impact," said Orlando Green, European fixed income strategist at Credit Agricole. In Germany - ...

Business & Finance - Managed Funds

Mauritius offers 3-year Treasury bond worth 1.5bn rupees PORT LOUIS: Mauritius will sell a three year Treasury bond worth 1.5 billion rupees ($42.34 million) next week, the central bank said on Wednesday. The Bank of Mauritius said in a statement it would receive bids on September 28 and auction the bond on the same day. The bond will have a coupon rate of 3.40 percent and will mature on June 24, 2019. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

US yields slip on uncertainty over BoJ stimulus NEW YORK: US Treasuries' yields fell on Tuesday as traders bought longer-dated bonds on uncertainty over whether the Bank of Japan might decide at a two-day policy meeting to add more stimulus to boost its economy.The Federal Reserve, which is also meeting on Sept. 20-21, is widely expected to hold interest rates unchanged at 0.25 percent to 0.50 percent, and leave the door open for a hike by the end of the year.Traders had speculated ...

Business & Finance - Managed Funds

US yields fall further after August housing starts data NEW YORK: US Treasury yields slipped further on Tuesday as data on domestic housing construction fell short of expectations in August, diminishing expectations the real estate market is gathering strength. Benchmark 10-year Treasury yield was 1.687 percent, down 1 basis point from late on Monday. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

US yields edge down as profits booked before Fed, BoJ meetings NEW YORK: US Treasuries yields slipped on Monday as traders booked profits made on curve-steepening bets ahead of monetary policy meetings this week at the Bank of Japan and the US Federal Reserve.Trading volume was light amid a market holiday in Japan and a dearth of US economic data."We swung too pessimistically with curve steepening. It's just some repositioning ahead of the Fed and BOJ meetings," said Jason Celente, senior fixed income portfolio manager at ...

Business & Finance - Managed Funds

US yields slip as profits booked before central bank meetings NEW YORK: US Treasuries yields fell on Monday as traders booked profits made on curve-steepening bets ahead of monetary policy meetings this week at the Bank of Japan and the US Federal Reserve.Trading volume was light amid a market holiday in Japan and a dearth of US economic data."It's profit-taking from the recent steepening trades ahead of the central bank meetings on Wednesday," said Larry Milstein, head of government and agency trading at R.W. Pressprich ...

Business & Finance - Managed Funds

Bund yield holds above zero percent as Fed, BoJ move into sight LONDON: Germany's benchmark 10-year bond yield held above zero percent on Monday, with the market's focus firmly on central bank meetings in Washington and Tokyo this week. The Federal Reserve, which meets on Wednesday, could give a clear signal of an interest rate rise to come even if it meets market expectations for a pause this month. Data showing US consumer prices rose more than anticipated in August increased the chances the Fed will raise ...