06252016Sat
Last update: Sat, 25 Jun 2016 08am

Managed Funds

Business & Finance - Managed Funds

Yields fall at Belgian long-term debt auction BRUSSELS: Belgium sold 3.2 billion euros ($3.63 billion) of long-term debt, with yields for the 10 and 15-year benchmark bonds falling. The AA-rated sovereign said its 10-year benchmark June 2026 bond sold for a yield of 0.463 percent, down from 0.514 percent at the last auction in April. The 15-year benchmark, maturing in June 2031, sold for a yield of 0.837 percent, down from the 0.998 percent in April. The government also sold the non-benchmark June 2038 bond which yielded 1.141 percent. Including Monday's auction, Belgium has now raised 24 billion euros or some 72 percent of its 33.5 billion funding target for 2016. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Fractures in euro zone bond markets heal with ebbing Brexit fear LONDON: A split in euro zone bond markets, created by worries around Britain's upcoming referendum on its EU membership, narrowed for a second straight day on Monday after polls showed the 'remain' camp recovering some momentum. Yields on German bonds -- the EU's top-rated debt seen as a refuge in time of stress -- rose near a two-week high while investors returned to southern European bonds and stocks that carry more risk but offer greater ...

Business & Finance - Managed Funds

Yields rise on Egypt's 91-day, 266-day T-bills CAIRO: Yields on Egypt's three-month and nine-month treasury bills rose at an auction on Sunday, data from the central bank showed. The average yield on Egypt's 91-day bill rose to 14.051 percent from 13.062 percent at the last sale on June 12. The yield on the 266-day bill rose to 15.118 percent from 14.119 percent at a similar auction a week ago. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Investors in a bind over Bunds LONDON: Investors were left despairing this week after 10-year German Bund yields, the benchmark instrument for European fixed-income markets, went negative for the very first time as the tightening of core European government bonds shows no signs of relenting. Concerns over a potential British exit from the European Union were blamed, but analysts said it could become a more long-lasting phenomenon, driven by expansive monetary policy. The 0.50pc February 2026 Bund breached the 0pc level ...

Business & Finance - Managed Funds

Mauritius 91-day Treasury bill yield falls to 1.87pc PORT LOUIS: The weighted average yield on Mauritius' 91-day Treasury bill fell to 1.87 percent at auction on Friday from 1.96 percent at last week's sale, the central bank said. The Bank of Mauritius sold all the 1.8 billion rupees ($50.85 million) worth of the debt it had offered. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

South Africa's 3-month T-bill average yield unchanged at 7.32pc JOHANNESBURG: South Africa sold 2.555 billion rand ($168 million) worth of three-month Treasury bills on Friday, at an average yield of 7.32 percent which was unchanged from last week, central bank data showed.The bid-to-cover ratio rose to 2.2 from 1.5. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Spanish public debt inches lower in April: Bank of Spain MADRID: Spanish gross public debt dropped by 16.33 billion euros ($18.37 billion) in April from a month earlier to 1.08 trillion euros, the Bank of Spain said on Friday. Debt was 98.99 percent of gross domestic product in April, according to Reuters calculations using seasonally adjusted GDP data between the second quarter of 2015 to the end of the first quarter of this year from the National Statistics Institute. That was down from 100.49 percent ...