05062016Fri
Last update: Fri, 06 May 2016 05pm

Markets - Fixed Income

Markets - Fixed Income - Europe

Italy sells 1.91bn euros of 2034 BTP bond in exchange auction MILAN: Italy sold 1.91 billion euros ($2.2 billion) of an Aug. 1, 2034 BTP bond at an exchange auction on Friday, the Treasury said in a statement published on its website. The Treasury swapped the long-term bond with five bonds maturing in 2017 and in 2018 which it repurchased for a total of 2.56 billion euros.Copyright Reuters, 2016

Markets - Fixed Income - Asia

China says risk in bonds of big state-owned firms 'controllable' SHANGHAI: China's state asset manager, in the wake of increasing debt defaults have rattled Chinese markets, on Friday called risk in bonds issued by central government-owned firms "controllable". The State-owned Assets Supervision and Administration Commission (SASAC) said it made the conclusion after a detailed probe into all bonds issued by such enterprises.The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April sought suspension of trade in 16.8 billion yuan ($2.60 billion) ...

Markets - Fixed Income - Asia

20-year JGB yield falls to record low of 0.225pc TOKYO: The yield on 20-year Japanese government bonds fell to a record low of 0.225 percent on Friday as the Japanese bond market tracked gains in US Treasuries. The 20-year JGB yield has fallen almost 70 basis points since the Bank of Japan announced negative interest rates in late January.Copyright Reuters, 2016

Markets - Fixed Income - Americas

Yields little moved as investors eye April jobs report NEW YORK: US Treasury yields were little changed on Thursday as the number of Americans filing for unemployment benefits rose unexpectedly but remained within the range of a strong labor market, leaving investors with no clear signals ahead of Friday's nonfarm payrolls report.Reports detailing the health of the US economy have been mixed this week and the Federal Reserve has signaled it will make its June interest rate policy decision based on what the data ...

Markets - Fixed Income - Europe

Romania sells planned 1.0bn lei of one-year T-Bills BUCHAREST: Romania sold 960.7 million lei ($244.17 million) worth of one-year treasury bills on Thursday, slightly less than planned, with the average accepted yield at 0.7 percent, central bank data showed.Debt managers, who had planned to sell 1 billion lei on Thursday, last tendered the issue in April at an average yield of 0.66 percent.So far this year, the ministry has sold roughly 18.8 billion lei and 775 million euros worth of domestic debt, and ...

Markets - Fixed Income - Americas

Yields fall to 2-week lows after ADP jobs data NEW YORK: US Treasury yields fell to their lowest level in two weeks on Wednesday after a reading on US jobs data for April missed expectations, posting the weakest gain in three years, but yields pared those losses after an improvement in the US trade balance.Private employers in the US added 156,000 jobs last month, well below economists' expectations and the weakest gain since April 2013, a report from payrolls processor ADP National Employment showed ...

Markets - Fixed Income - Middle East & Africa

Riding on the Dubai property roller coaster DUBAI: For more than 10 years Dubai property prices have been on a roller coaster, creating and wiping out fortunes, but recently they appear to have run out of steam.The Gulf emirate shot to prominence as an attractive real estate market after opening up special freehold zones for foreign buyers in 2002.Prices peaked in 2008, driven mainly by speculative investments, but later nosedived as finances dried up because of the global financial crisis, shedding half ...