08272016Sat
Last update: Sat, 27 Aug 2016 12am

Markets - Fixed Income

Markets - Fixed Income - Middle East & Africa

Kenya 91-day T-bill yield dips to 8.607pc NAIROBI: The weighted average yield on Kenya's 91-day Treasury bill dipped to 8.607 percent at auction on Thursday from 8.609 percent last week, the central bank said. The bank said it received bids worth a total 1.68 billion shillings ($16.58 million) for the 4 billion shillings of bills it offered. It accepted 1.46 billion shillings. Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGB futures edge up after firm liquidity-enhancing auction TOKYO: Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction. September 10-year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.The finance ministry sold 500 billion yen ($4.98 billion) of off-the-run JGBs on Thursday in a regular auction designed to enhance liquidity in the market.The ...

Markets - Fixed Income - Middle East & Africa

South Africa CDS rise, bonds tumble on finance minister probe LONDON: South African bonds tumbled on Wednesday and debt insurance costs surged in the credit default swaps (CDS) market on news of a police probe into finance minister Pravin Gordhan who is popular with investors and business. Gordhan has been ordered to report to police in relation to a surveillance unit in the state tax service, the South African Treasury said on Tuesday. This raises fears for the country's credit rating which is at risk ...

Markets - Fixed Income - Europe

UK gilts jump nearly 40 ticks after weaker BoE gilt buyback LONDON: British government bond prices jumped on Tuesday after the Bank of England received fewer offers for its purchase of long-dated gilts than last week under its latest plan to give the country's economy a boost. The BoE said it received an offer-to-cover ratio of 1.54 as it bought 1.17 billion pounds of gilts with maturities of 15-years and longer, down from 2.67 at its previous buyback for similar gilts last week. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

German yields fall after Bank of England bond-buying sees weaker demand LONDON: German 10-year bond yields fell to a one-week low on Tuesday after the Bank of England saw weak demand when it attempted to buy long-dated bonds under its relaunched quantitative easing scheme.The fall tracked moves in British bonds as the reverse auction hinted at an unwillingness for investors to sell debt that could prove problematic for the central bank's stimulus programme.German 10-year yields reversed an earlier rise and were down 2 basis points on ...

Markets - Fixed Income - Asia

China 10-year Dec treasury futures price down most in 3 months SHANGHAI: The price of Chinese 10-year treasury futures for December delivery fell 0.38 percent on Tuesday, the most in more than 3 months, after the central bank queried banks about demand for 14-day reverse repos for the first time since February. Industry sources said that aside from market liquidity, ongoing worries about leverage and regulation were affecting sentiment.Copyright Reuters, 2016

Markets - Fixed Income - Asia

South Korea treasury bond issuance in 2017 to be less than this year SEOUL: South Korea's treasury bond issuance next year is likely to be less than the amount planned for this year thanks to tax revenue exceeding estimates, finance ministry officials told Reuters on Monday. "Next year's debt-financing bond issuance will be much less than this year's, resulting in an overall smaller treasury bond issuance in 2017 as tax collection has been good," said a finance ministry official, who declined to be named.This year, 41.4 trillion won ...