08262016Fri
Last update: Fri, 26 Aug 2016 06pm

Managed Funds

Business & Finance - Managed Funds

Euro zone yields creep up after resilient German, French data LONDON: Germany's benchmark 10-year bond yield nudged off a one-week low on Tuesday after strong data from the euro zone's two biggest economies pointed to resilience in the face of the UK's shock vote to leave the European Union. German private sector growth slowed in August, but remained robust overall, a purchasing managers' index showed, suggesting Europe's biggest economy is set to keep on expanding in the summer months after it grew more than expected in the second quarter.France's private sector grew at its fastest pace in 10 months.The eurozone figures are closely watched for evidence of the Brexit impact on the UK's largest trading partner, said Craig Erlam, senior market analyst at OANDA."While it's too early to get this from the hard data, releases like the PMIs are a good source of early insight into how the region will respond," he said.The yield on Germany's 10-year bond was up ...

Business & Finance - Managed Funds

Portugal's bond yields recede from 3-week high as rating fears ebb LONDON: Portugal's 10-year bond yield edged back from a three-week high on Monday after the country passed a ratings test that soothed concerns it could be on the brink of a potentially catastrophic downgrade. The move marked a modest recovery from last week's biggest jump in yields in nearly four months after DBRS, the agency that holds Lisbon's only investment grade rank - which it needs to qualify for the European Central Bank's bond-buying scheme ...

Business & Finance - Managed Funds

Yields fall as Yellen speech in focus for rate view NEW YORK: US Treasury prices gained slightly on Monday as investors waited on a speech by Federal Reserve Chair Janet Yellen on Friday for any new indications on when the US central bank will next raise interest rates.Yellen is in focus with no major US economic data due until Friday's second read of gross domestic product for the second quarter.Fed Vice Chairman Stanley Fischer said on Sunday that the Fed is close to hitting its ...

Business & Finance - Managed Funds

India bonds, rupee fall after Patel chosen to head RBI MUMBAI: Indian bonds and currency fell on Monday as investors took the appointment of Urjit Patel as the next governor of the Reserve Bank of India as a signal of policy continuity at the central bank, making a near term cut in interest rates unlikely. The benchmark 10-year bond yield rose 4 basis points to 7.14 percent, while the rupee fell to a near one-month low of 67.17/67.18 to the dollar, compared with its close ...

Business & Finance - Managed Funds

Romania reaps 8.4mn tonnes wheat crop in 2016 BUCHAREST: Romania reaped a bumper wheat crop of 8.4 million tonnes this year, 7 percent up from 2015 at a 10-year record high yield, Agriculture Minister Achim Irimescu said on Sunday. Romania is a major wheat exporter and usually competes with France in export markets including Egypt, the world's biggest wheat importer. Irimescu told state news agency Agerpres average yields rose to 4.054 tonnes per hectare (ha) from 3.84 tonnes last year and that grains ...

Business & Finance - Managed Funds

US yields fall on gradual Fed rate-hike view NEW YORK: US Treasury yields slipped on Thursday on bets the Federal Reserve is in no hurry to raise interest rates with domestic inflation stuck below its 2 percent goal and uncertainty about global risks to economic growth at home.The decline in yields followed Wednesday's release of minutes of the central bank's July 26-27 policy meeting in which policy-makers said they wanted to "leave their policy options open."Thursday's data on new unemployment claims and Mid-Atlantic ...

Business & Finance - Managed Funds

Spanish 10-year bond yield hits record low on hopes of end to political stalemate LONDON: The yield on Spain's 10-year government bond fell to a record low on Thursday, pushed down by signs of progress to end the country's political deadlock. Spain's acting prime minister Mariano Rajoy said on Thursday he had taken a "decisive step" towards forming a government by agreeing to a pact with a smaller rival, but still lacks the majority he needs for a second term. The country has been mired in a political limbo ...