Markets - Fixed Income
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SYDNEY: The euro struggled to gain any momentum in early Asian trade on Tuesday, while the Australian dollar nursed losses as bears bet on the prospect of a cut in interest rates later in the session.The common currency was at $1.3073, having pulled back from Monday's high of $1.3141. It fell as far as $1.3053 after the head of the European Central Bank (ECB) reiterated the central bank's readiness to cut interest rates again if needed.In a speech in Rome, ECB President Mario Draghi said the bank would monitor incoming data closely and be ready to cut rates further, including the deposit rate currently at zero.Initial support for the euro is seen around $1.3024, the 76.4 percent retracement of its April 24-May 1 rally and the 55-day moving average at $1.3021.Vassili Serebriakov, strategist at BNP Paribas, said further downside risks for the euro are likely to be limited thanks to ...
MUMBAI: Indian federal bond yields rose on Monday as sentiment was broadly hit after the central bank said the scope for future rate cuts was limited, with the Reserve Bank of India's bond purchase plan this week failing to provide cheer.The 25 basis point rate cut on Friday failed to enthuse markets as it was broadly discounted, while the central bank's view that there is limited scope for more rate cuts has kept the debt ...
MADRID: Spain said on Monday it aims to issue between 3.5 billion and 4.5 billion euros ($4.59 billion-$5.90 billion) in bonds on Thursday.The Treasury will auction bonds due July 30, 2016, Jan. 31, 2018 and July 30, 2026 on Thursday.Copyright Reuters, 2013 
MUMBAI: India's central bank will buy up to 100 billion rupees ($1.9 billion) of federal government bonds on May 7 through open market operation, it said in a release on Friday.The Reserve Bank of India will buy 8.07 percent 2017-July bonds, 7.35 percent 2024 bonds, 8.20 percent 2025 bonds and 8.28 percent 2032 bonds.The auction will be conducted using the multiple price method, the central bank said.Copyright Reuters, 2013 
TOKYO: Japanese government bond prices rose on Thursday, with the benchmark yield falling to a nearly two-week low, bolstered by the Bank of Japan's asset-buying operations.Tokyo markets will be closed on May 3 and May 6 for a string of holidays known as Golden Week, so market participants also cited some position adjustment ahead of the long weekend, followed by a week in which the finance ministry has no auctions scheduled.The BoJ offered to buy ...
TOKYO: US 10-year Treasuries gained in Asian trading on Thursday, after the Federal Reserve reaffirmed its commitment to continue buying bonds and as investors awaited Friday's key US jobs report.The Fed said on Wednesday that it would keep to its bond purchasing, citing growth risks from recent US government budget tightening and still-high unemployment.The US central bank currently buys $85 billion of longer dated US Treasuries and mortgage-backed bonds every month.The non-farm payrolls report for ...
TOKYO: Japanese government bond prices slipped on Tuesday, as investors made room in their portfolios to buy at the next day's 10-year sale in a holiday-shortened trading week.The Bank of Japan also offered to buy JGBs outright in its regular asset-purchasing operations.The central bank said it will buy up to 200 billion yen ($2.04 billion) of notes with residual maturities of more than 1 year and up to 3 years, and an additional 400 billion ...More Articles...
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