06302016Thu
Last update: Thu, 30 Jun 2016 09am

Markets - Fixed Income

Markets - Fixed Income - Europe

UK 30-year gilts set new record despite easing risk backdrop LONDON: British 30-year government bond yields sank to a fresh record low on Wednesday, despite a more upbeat general risk sentiment that boosted sterling and shares, and helped shorter-dated debt climb off a recent trough. Thirty-year yields hit a record low of 1.769 percent at 1135 GMT, and were still 3 basis points down on the day at 1.78 percent at 1318 GMT. Twenty-year yields also hit a record low of 1.654 percent, while 10-year yields were flat on the day at 0.96 percent and five-year yields were 3 basis points higher at 0.46 percent. Share prices in Britain were up more than 2 percent on the day and sterling strengthened more than 1 percent against the dollar, as worries triggered by Britain's vote last week to leave the European Union eased slightly. Copyright Reuters, 2016

Markets - Fixed Income - Americas

US 30-year yield closes in on record low NEW YORK: The US 30-year Treasury yield slipped on Wednesday, approaching record lows, in a scramble for long-dated bonds on worries about sluggish global growth and bets on more unconventional stimulus measures from major central banks.Yields on other Treasury maturities edged up as investors reduced bond holdings on a rebound in stock and commodity prices for a second day following a rout triggered by Britain's stunning vote to leave the European Union.The yield on the ...

Markets - Fixed Income - Europe

German Bund yields forecast to fall further sub-zero, ratcheting up pain for ECB LONDON: German 10-year government bond yields could fall close to minus 0.5 percent in the wake of last week's Brexit vote, pressuring the ECB to cut its deposit rate to ensure it can complete its 1.7 trillion euro stimulus scheme.Several big banks have lowered their forecasts for the German 10-year yield, the euro zone's most important market interest rate, since Britain's shock vote drove it to a record low of minus 0.17 percent as investors ...

Markets - Fixed Income - Europe

German Bund yields forecast to fall further sub-zero, ratcheting up pain for ECB LONDON: German 10-year government bond yields could fall close to minus 0.5 percent in the wake of last week's Brexit vote, pressuring the ECB to cut its deposit rate to ensure it can complete its 1.7 trillion euro stimulus scheme.Several big banks have lowered their forecasts for the German 10-year yield, the euro zone's most important market interest rate, since Britain's shock vote drove it to a record low of minus 0.17 percent as investors ...

Markets - Fixed Income - Europe

France's 10-year bond yield hits record low, Spanish yields tumble LONDON: France's 10-year bond yield touched a fresh record low early on Wednesday amid expectations for further monetary stimulus to offset the negative impact of last week's Brexit vote on the euro zone economy. The French 10-year bond yield fell to as low as 0.235 percent.Southern European bond yields tumbled 4-5 basis points, with Spain's 10-year bond yield falling to 1.273 percent - its lowest level since April last year.Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGB 10-year yield hits fresh record low, others mixed TOKYO: Yields on Japan's benchmark 10-year government bonds (JGBs) briefly hit a fresh record low on Wednesday as investors looked to safer assets amid uncertainty about the global and financial fallout from Britain's vote to leave the European Union. The 10-year yield was down half a basis points to minus 0.235 percent by mid-afternoon, after earlier plumbing a record low of minus 0.240 percent.September 10-year futures ended up 0.09 point at 152.98 after earlier rising ...

Markets - Fixed Income - Asia

China sells 3-year yuan bonds at 2.9pc in Hong Kong HONG KONG: China sold 14 billion yuan ($2.1 billion) of yuan-denominated offshore bonds in Hong Kong on Wednesday, the eighth consecutive year the Ministry of Finance (MOF) has tapped the market to encourage its development. Bonds of various tenors were offered, among which the largest amount sold was 7 billion yuan of three-year bonds at 2.9 percent, according to the Hong Kong Monetary Authority.The five-year, seven-year, 10-year and 20-year tenors were priced at 3.25 percent, ...