09292016Thu
Last update: Thu, 29 Sep 2016 10am

Markets - Fixed Income

Markets - Fixed Income - Asia

JGB yields up slightly across curve ahead of BOJ, long weekend TOKYO: Japanese government bond yields rose slightly on Friday across the yield curve as market players squared their positions ahead of a long weekend and the Bank of Japan's policy review next week.The benchmark 10-year JGB yield rose 1.0 basis point to minus 0.035 percent, though it was down 1.5 basis points on the week.Yields on shorter maturities rose, stepping back from six-week lows touched earlier this week.The short-term yields had dropped on expectations that the BOJ could cut interest rates further from the current target of minus 0.10 percent as early as next week.The five-year yield rose 1.0 basis point to minus 0.200 percent, off Thursday's six-week low of minus 0.215 percent while the two-year yield ticked up 1.0 basis point to minus 0.265 percent after having dipped to as low as minus 0.280 percent earlier this week.Yields on longer-dated bonds, which have suffered from expectations the BOJ will ...

Markets - Fixed Income - Americas

Yield curve steepens after weak retail sales NEW YORK: The US Treasury yield curve surged to its steepest levels in 2-1/2 months on Thursday after US retail sales fell more than expected in August, further reducing the odds that the Federal Reserve will raise interest rates when it meets next week.The Commerce Department said retail sales declined 0.3 percent amid weak purchases of automobiles and a range of other goods, after an upwardly-revised 0.1 percent gain in July."The data was weaker than ...

Markets - Fixed Income - Asia

JGB yield curve steepens sharply on BOJ talk ahead of auction TOKYO: Yield curves for Japanese government bonds steepened on Monday on speculation that the Bank of Japan will change its policy and as traders took positions ahead of a 20-year JGB auction later in the week.The 30-year JGB yield rose to as high as 0.555 percent , its highest level since late March and last stood at 0.550 percent, up 4.0 basis points.The 20-year yield hit a six-month high of 0.475 percent while the 40-year ...

Markets - Fixed Income - Americas

US yields rise, track Europe gains after less-dovish Draghi NEW YORK: US Treasury yields rose on Thursday, in line with European bonds, after European Central Bank President Mario Draghi left the door open for additional monetary policy easing but gave no indication that more stimulus was actually coming.The rise in yields, which move inversely to prices, was being driven by the long-end of the curve, notably US 30-year bonds, whose yields rose for a second straight session.Draghi said on Thursday the bank was looking ...

Markets - Fixed Income - Asia

JGBs slip after BOJ's Nakaso follows Kuroda in admitting policy costs TOKYO: Japanese government bond prices slipped on Thursday after Bank of Japan Deputy Governor Hiroshi Nakaso fanned expectations the BOJ may modify its massive stimulus in a policy review planned later this month.The 10-year JGB yield rose 2.0 basis points to minus 0.040 percent, jumping back from one-week low of 0.070 percent touched earlier in the session.Nakaso largely followed the line similar to speech by BOJ Governor Haruhiko Kuroda earlier this week, acknowledging that the ...

Markets - Fixed Income - Asia

China's forex reserves fall $16bn in August BEIJING: China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country's central bank sold dollars to defend its currency against capital outflows.The world's largest currency hoard fell to just under $3.19 trillion, the People's Bank of China (PBOC) said on its website.Analysts said the fall indicated China is selling foreign exchange to buy its currency the yuan amid capital flight spurred by the slowing growth in the ...

Markets - Fixed Income - Europe

Greece to auction 1bn euros of 3-month T-bills on Sept. 7 ATHENS: Greece will sell 1 billion euros ($1.12 billion) of three-month treasury bills on Sept. 7 to refinance a maturing issue, debt agency PDMA said on Friday. Athens successfully rolled over three-month T-bills last month, with the paper priced to yield 2.7 percent.In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold.The settlement date of the new bills will be Sept. 9. Only primary dealers will be ...