01192017Thu
Last update: Thu, 19 Jan 2017 01pm

Markets - Fixed Income

Markets - Fixed Income - Americas

US yields fall ahead of 30-year bond sale NEW YORK: US Treasury debt yields declined on Thursday, with the 30-year yield hitting a two-month low in advance of $12 billion of 30-year bond supply, the final leg of this week's $56 billion in longer-dated government debt supply.The bond market continued to recover from a dramatic selloff following Donald Trump's surprise presidential win on Nov. 8.Benchmark Treasury yields have fallen from their highest levels in over two years reached in mid-December on renewed appetite for bonds and a lack of details on economic stimuli pledged by Trump during his campaign.Trump, in his first news conference since capturing the White House on Wednesday, did not disclose more on his plan for tax cuts, infrastructure spending and looser regulations. Still, he criticized the high pricing of drugs and defense equipment and promised to slap a border tax on companies that move jobs overseas.Traders had bet that Trump, with a Republican-controlled Congress, ...

Markets - Fixed Income - Asia

JGBs gain as Tokyo stocks sag, Treasuries rise TOKYO: Japanese government bond prices gained slightly on Thursday, supported by a rise in Treasuries and as Tokyo stocks retreated to two-week lows following U.S. President-elect Donald Trump's news conference.The benchmark 10-year JGB yield was down half a basis point at 0.050 percent and the 40-year yield declined 1 basis point to 0.890 percent.The Bank of Japan also conducted a regular debt-buying operation on Thursday and supported longer-dated JGBs.Prices on Treasuries rose with yields falling ...

Markets - Fixed Income - Europe

Bonds firm as Poland holds rates, Czech auction demand hits record BUDAPEST/PRAGUE: Central European government bonds firmed on Wednesday as record demand at Prague's first auction this year drove yields deeper into negative territory and Poland's central bank held policy steady.Demand for Czech zero-coupon bonds due in 2018 jumped to a 32.3 billion crowns ($1.26 billion). The average yield was set at an all-time low -1.722 percent.Short-term Czech papers trade at yields well below safe-haven Bunds as investors expect the Czech central bank (CNB) to drop ...

Markets - Fixed Income - Europe

Demand for Portugal 10-year euro bond exceeds 8.5bn LONDON: Demand for Portugal's April 2027 euro-denominated benchmark bond is in excess of 8.5bn, according to a lead. Guidance for the trade has been revised to 352bp-355bp over mid-swaps, down from initial price thoughts of plus 360bp area and guidance of plus 355bp to 360bp, released earlier on Wednesday. If the deal prices at the top end of revised guidance, Portugal will pay a yield of about 4.25pc on the transaction. BBVA, HSBC, JP Morgan, ...

Markets - Fixed Income - Asia

Sri Lanka to issue $1.5bn of development bonds in 2017 COLOMBO: Sri Lanka's Cabinet has approved the issuance of $1.5 billion worth of development bonds in 2017 to strengthen the government's borrowing programme, an official said on Wednesday. "The proposal made by Ravi Karunanayake, minister of finance, to issue Sri Lanka development bonds of 1,500 million dollars to strengthen the governments borrowing programme 2017 was approved by the cabinet of ministers," cabinet spokesman Gayantha Karunatileka told reporters.Sri Lanka's economy is still recovering from a debt ...

Markets - Fixed Income - Europe

Portugal seeks to raise funds in toughest bond sale in years LONDON: Portugal is seeking to raise funds through a syndicated sale of bonds just as a persistent banking crisis, reduced support from the European Central Bank and a sluggish economy have pushed its borrowing costs to one-year highs. Portugal's finance minister Mario Centeno told Reuters in an interview that a syndicated bond issue -- under which banks distribute new bonds to a variety of investors -- is likely to be launched soon. Two primary dealers ...

Markets - Fixed Income - Middle East & Africa

Yields ease on Egypt's three, nine-month T-bills in weekly auction CAIRO: Yields on Egypt's three- and nine-month treasury bills eased at an auction on Sunday, central bank data showed. Yields on the 91-day bill fell to an average of 18.889 percent from 19.155 percent at the previous auction. Yields on the 273-day bill fell to 19.858 percent from 19.924 percent at a similar auction. Copyright Reuters, 2017