02102016Wed
Last update: Wed, 10 Feb 2016 03am

Markets - Fixed Income

Markets - Fixed Income - Europe

Russia aims to get at least 110 bln rbls in extra dividends from state firms in 2016 MOSCOW: Russia's state property agency has proposed to increase dividend payments by state firms this year in order to get no less than 110 billion roubles ($1.4 billion) in extra budget revenues if the decision is approved, said agency head Olga Dergunova."As you know, 25 percent is a standard (divident payment), and state firms do not pay less than this amount to the budget. We have proposed to increase this percentage this year, and if the government supports this decision, we will get no less than 110 billion roubles in additional revenue," she said on Tuesday.Copyright Reuters, 2016

Markets - Fixed Income - Europe

German five-year bond yields fall below ECB deposit rate LONDON: Yields on German government bonds of up to five years' maturity traded below the European Central Bank's deposit rate on Monday as money market rates reflected expectations of two further 10 basis point cuts in 2016.The Bank of Japan's unexpected cut in a benchmark interest rate to below zero on Friday has supported bond markets around the world. The move highlighted the challenges that major central banks face in lifting inflation at a time ...

Markets - Fixed Income - Asia

JGB yields tumble, yields negative up to almost 9 years TOKYO: Japanese government bond prices soared on Monday as the Bank of Japan's surprise introduction of negative interest rates last week drove yields for up to almost nine years below zero.The two-year yield fell as much as 8.0 basis points to minus 0.160 percent while the five-year notes yield dropped to minus 0.110 percent, both record lows.The 10-year yield also fell to a record low of 0.050 percent , though the sector was an underperformer ...

Markets - Fixed Income - Asia

China new home prices up in January BEIJING: China's new home prices increased in January for the sixth straight month, a survey showed Monday, positive news for the key sector following a series of stimulus measures aimed at boosting lending. The gains come as authorities have sought to stabilise China's property market -- a main driver of the world's second-largest economy -- and rolled out new measures intended to encourage migrant workers to buy homes in the cities where they work.The average ...

Markets - Fixed Income - Europe

Fed dovishness pushes down euro zone bond yields LONDON: Euro zone bond yields fell on Thursday, mirroring an earlier move in U.S. Treasuries, after the Federal Reserve was deemed to have struck a dovish tone by acknowledging recent market volatility.German 10-year yields - the euro zone's benchmark - fell 2 basis points to 0.35 percent, their lowest since April 2015. U.S. Treasury yields dropped 6 bps from their day's high of 2.05 percent after the statement was released late on Wednesday.Strategists said the ...

Markets - Fixed Income - Asia

JGBs edge down but solid 2-year sale supports TOKYO: Japanese government bonds mostly edged down on Thursday as investors awaited the outcome of the Bank of Japan's two-day meeting that began this session, though a solid sale of 2-year JGBs limited losses.The Ministry of Finance offered 2.5 trillion yen ($21.08 billion) of 2-year notes with a 0.100 percent coupon, matching that of the current issue.The sale produced a lowest accepted price of 100.23. The bid-to-cover ratio, a gauge of demand, improved to 4.84 ...

Markets - Fixed Income - Middle East & Africa

Bahrain working with banks to tap existing $1.5bn bond DUBAI:Bahrain is working with banks about a potential re-tap of a dollar-denominated two-part bond issued late last year, sources with knowledge of the deal told Reuters on Wednesday.The finances of the small energy exporter, with less generous oil and financial reserves than its neighbours, have been hard hit by the drop in oil prices, which touched a 12-year low earlier this month.The kingdom is working with the same five banks which arranged its $1.5 billion ...