05072016Sat
Last update: Sat, 07 May 2016 03am

Managed Funds

Business & Finance - Managed Funds

Yields rise as US manufacturing sector expands NEW YORK: US Treasury yields rose on Monday after data showed that the US manufacturing sector expanded, albeit at a slower pace than the previous month.The Institute for Supply Management (ISM) said its index of national factory activity fell to 50.8 in April from 51.8 the month before."I think perhaps people were positioning for a weaker number, given the weakness in some of the regional indicators," said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York. "If you drill down into the index it wasn't as bad."Benchmark 10-year notes fell 11/32 in price to yield 1.86 percent, up from 1.82 percent on Friday.Yields had risen earlier on Monday as investors evaluated when the Federal Reserve is likely to next raise interest rates again and awaited Friday's highly anticipated jobs report for April.Yields have fallen since the Fed kept rates unchanged last Wednesday and described an improving labor ...

Business & Finance - Managed Funds

Yields rise as investors evaluate Fed policy NEW YORK: US Treasury yields rose on Monday as investors evaluated when the Federal Reserve is likely to next raise interest rates again and awaited Friday's highly anticipated jobs report for April.Yields have fallen since the Fed kept interest rates unchanged last Wednesday and described an improving labor market while also acknowledging that economic growth seemed to have slowed.The US central bank also removed a reference to global risks, opening the door slightly to an ...

Business & Finance - Managed Funds

Puerto Rico to default on $422mn debt payment SAN JUAN: Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the US commonwealth would default on $422 million in debt.The governor said that San Juan can't pay creditors when it needs to fund public sector salaries, health and education budgets, which, if neglected, could unleash a "humanitarian crisis."Puerto Rico has been locked in recession for a decade, and already defaulted on some debt payments at the beginning of the year.Despite sweeping ...

Business & Finance - Managed Funds

Bund yields near six-week highs on anniversary of historic sell-off LONDON: Germany's 10-year bond yield rose sharply on Friday towards six-week highs as stronger oil prices and hawkish comments from a Federal Reserve official triggered selling, on the first anniversary of one of the biggest Bund routs in history. Brent crude headed for its biggest monthly rise in seven years, touching 2016 highs as a weak dollar and falling US production tempered concerns about an excess of physical oil.Dallas Federal Reserve President Robert Kaplan meanwhile ...

Business & Finance - Managed Funds

Mauritius 91-day Treasury bill yield rises to 2.34pc PORT LOUIS: The weighted average yield on Mauritius's 91-day Treasury bills rose to 2.84 percent at auction on Friday from 2.76 percent at the last sale on April 22, the central bank said. The Bank of Mauritius sold all the 800 million rupees worth of the debt it had offered. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Spain to issue bonds due 2021, 2026, 2030 and 2040 on Thursday MADRID: Spain plans to auction four bonds at the scheduled auction on Thursday, including an inflation-linked bond due 2021 and paper maturing 2026, 2030 and 2040. The inflation-indexed bond is due November 30, 2021 and holds a 0.3 percent coupon. The other bonds are due April 30, 2026, with a 1.95 percent coupon, July 30, 2030, also with a 1.95 percent coupon and July 30, 2040, with a 4.9 percent coupon. Copyright Reuters, 2016 ...

Business & Finance - Managed Funds

Kenya's 91-day T-bill yield falls to 8.526pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bills fell to 8.526 percent at auction on Thursday from 8.770 percent last week, the central bank said. The bank said it received bids worth 16.66 billion shillings ($164.89 million) for the 4 billion shillings of bills offered. It accepted 12.40 billion shillings. Copyright Reuters, 2016 ...