05062016Fri
Last update: Fri, 06 May 2016 06am

Markets - Fixed Income

Markets - Fixed Income - Europe

Euro zone bond yields bounce back as inflation revised up LONDON: Euro zone government bond yields rose on Thursday after a previous estimate that the bloc's consumer prices fell last month was revised upwards to show inflation was zero.Ireland smoothly sold 750 million euros of 10-year bonds, wrapping up a busier than expected week in terms of debt issuance, in which the Netherlands, France, Germany and Italy sold ultra-long bonds.Eurostat said that the annual rate of inflation was 0.0 percent in March, compared with a previous flash estimate of -0.1 percent. Economists polled by Reuters had forecast the latter. On a monthly basis inflation was in line with market expectations.Moreover, there was a slight upward revision to 1.0 percent of what the European Central Bank defines as core inflation, excluding energy and unprocessed food.German 10-year Bunds, the benchmark for euro zone borrowing costs, were up 1 basis point on the day at 0.15 percent, having fallen as low as 0.12 ...

Markets - Fixed Income - Asia

JGBs mostly steady despite lacklustre demand at 30-year sale TOKYO: Japanese government bonds were mostly steady on Thursday, shrugging off a stock market rally and tepid demand at a 30-year auction. The Nikkei stock index ended up 3.2 percent at a more than two-week high.In the superlong zone, the 30-year JGB yield was flat at 0.405 percent, after a relatively volatile session in which it fluctuated between a record low of 0.385 percent before the auction and 0.420 percent.Japan's Ministry of Finance auctioned 800 ...

Markets - Fixed Income - Europe

Short-dated Greek yields near six-week high after IMF warnings LONDON: Greek two-year yields marched towards a six-week high on Wednesday after the IMF painted a grave outlook for its economy and renewed calls for its reluctant EU partners to grant substantial debt relief. The warnings detailed in a draft IMF memorandum seen by Reuters come just as Athens and its creditors adjourned talks on its latest bailout review which have dragged on for months.These delays have reignited concerns Athens may not have the cash ...

Markets - Fixed Income - Asia

China 5-year fin min bond yield at 2.58 pct, above forecasts SHANGHAI: China's Ministry of Finance auctioned 33 billion yuan ($5.11 billion) of five-year bonds in the interbank market on Wednesday at an average yield of 2.58 percent, traders said, higher than expected. Market forecasts had centred around 2.51 percent and ranged from 2.43 to 2.58 percent. The auction yield came in above Tuesday's benchmark secondary market yield of 2.5260 percent for five-year government bonds. Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGBs mostly edge up in thin trade, 30-year sale awaited TOKYO: Japanese government bonds mostly edged higher in a subdued session on Tuesday as investors looked ahead to a sale of 30-year JGBs later this week. Earlier in the session, Japan's Ministry of Finance offered 400 billion yen ($3.69 billion) of 10-year inflation-linked JGBs in a quarterly sale of the notes.The lowest accepted price was 104.90, compared to market expectations of 104.50 to 104.80. The bid-to-cover ratio, a gauge of demand, rose to 2.84 from ...

Markets - Fixed Income - Europe

Bund yields ride redemption flows back to one-year low LONDON: German 10-year yields hit their lowest level in a year on Monday with analysts pointing to a wave of bond redemption and coupon payments pinning borrowing costs near record lows. At 55 billion euros, the amount of cash flowing back to investors this week is five times that of the debt scheduled to be sold via new bonds, bolstering demand in secondary markets that is already supported by the European Central Bank's recently upsized ...

Markets - Fixed Income - Middle East & Africa

Yields drop on Egyptian debt at Monday auction CAIRO: Egypt's five-year bond yield drop at Monday's auction, data from the central bank showed. The average yield on the five-year treasury bond dropped to 15.658 percent from 15.678 percent at the last auction on March 28. Copyright Reuters, 2016