05292016Sun
Last update: Sun, 29 May 2016 07am

Markets - Fixed Income

Markets - Fixed Income - Americas

JGBs edge down, BOJ purchases underpin sentiment TOKYO: Japanese government bonds edged down on Wednesday, largely shrugging off a better-than-expected gross domestic product report, while the Bank of Japan's purchases underpinned sentiment.The benchmark 10-year JGB yield rose 1 basis point to minus 0.105 percent. June 10-year futures ended down 0.09 point at 151.83.The 20-year JGB yield added 1.5 basis points to 0.275 percent.The BOJ offered to buy 350 billion yen of JGBs in the one- to three-year zone, 440 billion yen of JGBs in the three- to five-year zone, and 450 billion yen of JGBs in the five- to 10-year zone under its asset prying programme.Early in the session, data from the Cabinet Office showed Japan's economy expanded by an annualised 1.7 percent in January-March, beating the median market forecast for a 0.2 percent increase, and rebounding from a 1.7 percent contraction in the previous quarter.While the upbeat headline figure reduced some expectations that the central bank ...

Markets - Fixed Income - Americas

Yields little moved as investors unimpressed by US data NEW YORK: US Treasuries were little changed on Tuesday as investors reversed early selling spurred by stronger-than-expected consumer price data. Yields on two- and three-year notes rose to their highest in nearly three weeks after the Labor Department reported that its Consumer Price Index increased 0.4 percent in April, the largest gain since February 2013. But Treasuries retraced those levels as investors dug into the report's core numbers, which largely matched expectations. Guy LeBas, chief ...

Markets - Fixed Income - Europe

Inflation gauge hits two-month high, German yields rise with oil LONDON: German bond yields rose and a key measure of long-term euro zone inflation expectations struck a two-month peak on Tuesday as oil prices climbed to nearly $50 a barrel.The steady rally in crude seen over the last fortnight saw U.S. crude futures trade at a seven-month high of $48.42. Analysts expect this to give inflation a boost and for this to show up in data from the world's largest economy later in the day.This ...

Markets - Fixed Income - Europe

German bond yields rise as oil strikes seven-month peak LONDON: German bond yields edged up as oil struck a seven-month high on Tuesday, giving a boost to inflation that analysts expect to see evidenced in data from the world's largest economy, the United States, later in the day. Crude prices have rallied for most of the past two weeks with markets focused on supply disruptions that on Monday prompted long-time oil bear Goldman Sachs to issue a bullish assessment on near-term prices.This recovery was ...

Markets - Fixed Income - Europe

Irish 10-year yield drops below 0.80 percent after ratings lift LONDON: Ireland's long-term government borrowing costs fell below 0.80 percent for the first time in nearly five weeks on Monday after Moody's upgraded the country's credit rating. The lift by one notch to A3 from Baa1 means Ireland has won back an A category rating from all the major agencies, a move that some analysts said could broaden the international buyer base for Dublin's debt. Ireland's 10-year bond yield, having shed 8 basis points on ...

Markets - Fixed Income - Asia

Chinese pouring billions into US real estate WASHINGTON: Chinese nationals became the largest foreign buyers of US homes last year as they pour billions into American real estate, seeking safe offshore assets, according to a new study Sunday.A huge surge in Chinese buying of both residential and commercial real estate last year took their five-year investment total to more than $110 billion, according to the study from the Asia Society and Rosen Consulting Group.The sheer size of that total has helped the ...

Markets - Fixed Income - Asia

China property investment keeps up a solid pace in April SHANGHAI: China's real estate investment in April kept pace with the previous month, as developers continued to start projects in response to surging home sales, which are giving a much-needed boost to the slowing economy. Property investment rose 9.7 percent in April from a year earlier, according to Reuters calculations based on data from the National Bureau of Statistics (NBS) on Saturday, the same rate as in March.The bureau said new construction starts in the ...