07302016Sat
Last update: Sat, 30 Jul 2016 10am

Markets - Fixed Income

Markets - Fixed Income - Americas

US bonds flat as report on BoJ offsets weak data NEW YORK: US Treasury prices were little changed on Thursday, with longer-dated yields dropping to two-week lows, as the possibility of more stimulus from the Bank of Japan offset softer-than-expected readings on traded goods and jobless claims.The mildly disappointing data supported the notion the US economy is not strong enough for the Federal Reserve to raise interest rates before the end of the year at the earliest; on Wednesday, the Fed left interest rates unchanged.The outlook for steady US rates rekindled some appetite for US government debt. Demand for the Treasury Department's $28 billion sale of seven-year notes was tepid but still stronger than in two-year and five-year auctions earlier this week.Bids for bonds abated following a Reuters report that said the BoJ, under pressure from the government, is considering specific measures for more monetary stimulus to help its sluggish economy."The Japanese want more stimulus. That could create a more ...

Markets - Fixed Income - Asia

China finance ministry to auction 1-year and 10-year bonds BEIJING: China's Ministry of Finance said on Wednesday that it would auction 35 billion yuan of 10-year bonds and 28 billion yuan of one-year bonds on Aug. 3. After the auctions, both bonds would be issued from Aug. 3 to Aug. 4 and start trading on the secondary market on Aug. 8, the ministry said in separate statements.Copyright Reuters, 2016

Markets - Fixed Income - Americas

Bids at US 5-year note sale weakest in 7 years NEW YORK: The latest US five-year Treasury note auction drew the lowest overall bidding in seven years on Tuesday as some investors refrained from purchases as Federal Reserve policy makers were meeting. The five-year Treasury sale followed a poor $26 billion two-year note auction on Monday. The Treasury will complete this week's coupon-bearing supply sale with a $28 billion seven-year debt auction on Thursday.The ratio of bids to the $34 billion five-year debt offered was ...

Markets - Fixed Income - Middle East & Africa

Egypt cancels 1.5 and 3 year bond auctions, 7-year bond yields rise CAIRO: Egypt cancelled its 18-month and three-year bond auctions on Monday and yields on its seven-year bond rose, data from the central bank showed. The yields on the seven-year bond stood at 17.521 percent compared with 17.291 at the last similar sale, held on July 11. The central bank did not give a reason for the cancellations, but one banker said the bids submitted were likely considered too high. Yields on Egyptian government debt have ...

Markets - Fixed Income - Asia

Benchmark JGBs ease, next week's BOJ meeting awaited TOKYO: Benchmark Japanese government bonds eased on Friday but moves were limited as investors waited to see if the Bank of Japan will offer more stimulus at a policy review late next week. The 10-year JGB yield added 1 basis point to minus 0.225 percent, up from an earlier session low of minus 0.240 percent.September 10-year futures inched 0.02 point lower to end at 153.18.Investors remained way about the BOJ's July 28-29 meeting, and whether ...

Markets - Fixed Income - Europe

German yields bounce to three-week high as ECB sits tight LONDON: German bond yields bounced to a three-week high on Thursday after the European Central Bank said it would wait until September to assess the need for any further easing in the wake of Brexit.ECB chief Mario Draghi said immediate stresses caused to markets from Britain's shock vote to leave the EU last month was contained but that the Bank remained ready to take more actions to lift inflation and growth if needed.Ten-year yields peaked ...

Markets - Fixed Income - Middle East & Africa

Kenya 364-day, 182-day t-bill yields rise at latest sale NAIROBI: The weighted average yield on Kenya's 182-day Treasury bills rose to 10.205 percent at an auction on Wednesday from 9.914 percent last week, the central bank said. At the same sale, the yield on the 364-day Treasury bills jumped to 11.027 percent from 10.869 percent last week, the bank added. It received bids worth a total 17.18 billion shillings for the 12 billion shillings it had offered.It accepted 17.06 billion shillings. The bank will ...