12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Markets - Fixed Income

Markets - Fixed Income - Americas

US 30-year mortgage rate hits highest in 16 months      NEW YORK: The average interest rate on US 30-year fixed-rate mortgages rose to its highest levels in more than 16 months with the ongoing rise in Treasury yields, mortgage finance agency Freddie Mac said on Thursday.  The borrowing cost on 30-year mortgages, the most widely held type of US home loan, averaged 4.08 percent in the week ended Dec. 1, which was the highest since 4.09 percent in the week of July 16, 2015. Last week, the 30-year mortgage rates averaged 4.03 percent, it said.    Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGBs slip, taking cue from stronger stocks TOKYO: Japanese government bonds mostly slipped on Thursday, taking their cue from stronger stocks after OPEC agreed to cut crude output for the first time since 2008 to support oil prices.The oil output deal helped the Nikkei stock index  end at an 11-month high.The outcome of a sale of 10-year JGBs showed weaker demand than last month's sale, although the results were not as bad as some investors feared, and the benchmark yield came off its earlier highs.The 10-year yield rose ...

Markets - Fixed Income - Asia

JGBs edge down slightly; 10-year sale awaited TOKYO: Japanese government bonds edged down on Wednesday as investors positioned for the next session's 10-year sale.The 10-year yield rose 1 basis point (bp) to 0.020 percent , though it remained shy of a nine-month high of 0.045 percent struck on Friday.December 10-year JGB futures ended down 0.07 point at 150.56.The 20-year yield and the 30-year yield  both climbed 1 bp to 0.450 percent and 0.570 percent, respectively.November JGB trading was marked by upward pressure on yields, tracking U.S. Treasuries, whose prices ...

Markets - Fixed Income - Asia

China's Tianjin city steps up curbs to tighten mortgage lending BEIJING: China's major port city of Tianjin on Monday announced stricter tightening measures to rein in a red-hot property market, by hiking the downpayment ratio for buyers of first and second homes. The ratio has increased to 30 percent for first-home buyers borrowing from banks, versus 20 percent earlier, the central bank branch in Tianjin, near Beijing, the Chinese capital, said in a statement.A higher downpayment, of 40 percent, is required from those with unpaid ...

Markets - Fixed Income - Europe

Romania finmin plans to sell 3.87bn lei of debt in December BUCHAREST: Romania aims to sell 3.6 billion lei ($848.46 million) worth of leu currency bills and bonds in December, and an additional 270 million lei at non-competitive rounds of auctions, the finance ministry said on Monday. Debt managers sold an overall 1.95 billion lei worth of domestic leu debt in November. They sold less than planned and even scrapped two tenders altogether as the US election's unexpected win and expectations for a rise in US ...

Markets - Fixed Income - Asia

JGBs rebound as US Treasuries' retreat fades for now TOKYO: Japanese government bond prices rebounded on Monday as U.S. Treasuries stopped their retreat for now, with Tokyo shares snapping a 7-day winning streak to give safe-haven debt some breathing space.Firm results from the Bank of Japan's regular debt-buying operation on nudged JGB yields lower. The central bank bought a total of 710 billion yen ($6.34 billion) of JGBs on Monday.The benchmark 10-year JGB yield fell 2.5 basis points to 0.010 percent, moving away from ...

Markets - Fixed Income - Americas

Yields rise, bonds on track for worst month since Jan 2009 NEW YORK: US Treasury yields rose on Friday and two-year yields hit 6-1/2-year highs overnight as investors evaluated how much further the selloff sparked by the surprise election of Republican Donald Trump as US president has to run.Investors are betting that Trump will adopt policies that increase spending and debt as well as spur growth and inflation, which would erode the value of US bonds.Even at higher yields, investors are reluctant to buy the debt ...