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Last update: Sun, 11 Dec 2016 06pm

Markets - Fixed Income

Markets - Fixed Income - Asia

JGB yield curve steepens as longer maturities track Treasuries TOKYO: Benchmark Japanese government bonds inched up on Monday, while the yield curve steepened as longer maturities tracked sagging global bond prices.The benchmark 10-year JGB yield shed 1 basis point (bp) to 0.025 percent, moving away from a nine-month high of 0.040 percent touched on Friday.December 10-year JGB futures finished up 0.13 point at 150.43.But the 30-year yield climbed 1.5 bps to 0.615 percent, after rising as high as 0.625 percent earlier, its highest since March.Last week, the Bank of Japan unexpectedly announced its first special fixed-rate buying operation under its revamped monetary policy framework outlined in September. The BOJ adopted a strategy of JGB yield curve control, under which it guides the benchmark 10-year yield to around zero percent.Bank of Japan board member Takako Masai said in a speech on Monday it was too early to conclude that the BOJ's new fixed-rate debt-buying operation would always go smoothly, but ...

Markets - Fixed Income - Europe

Portugal to hold last bond sale of 2016 on Wednesday LISBON: Portugal will offer up to 750 million euros ($794 million)in 5-year bonds in a regular auction on Nov. 23, which will conclude the country's bond issuance programme for the year, state debt agency IGCP said on Friday. The indicated offer range in the auction is between 500 million and 750 million euros. The maximum amount is slightly smaller than 1 billion euros cited by the Treasury earlier this month as the amount still to ...

Markets - Fixed Income - Americas

Yields flat after touching new highs, on pace for biggest 2-week rise in years NEW YORK: US Treasury yields touched 2016 highs in early trading on Friday, but retraced those gains and were little changed from late Thursday as markets settled after the whirlwind sell-off since the surprise election of Republican Donald Trump as US president. Yields on benchmark 10-year notes rose to 2.34 percent, their highest mark since December 2015 and were on pace to post their largest two-week rise since 2009. Yields on Treasuries of all maturities ...

Markets - Fixed Income - Europe

Italy bonds set for fourth straight week of losses LONDON: Italy's borrowing costs were set to climb for the fourth straight week on Friday, as the country bears the brunt of a sell-off that has gripped global bond markets. At one point the 10-year Italian government bond yield -- an indication of the rate at which it can raise money in markets -- was set for its biggest two-week rise since the 2012 euro zone debt crisis. As the session wore on some buying ...

Markets - Fixed Income - Asia

China 50-year finmin bond yield 3.48pc, 3-month bill at 2.1011pc SHANGHAI: China's Ministry of Finance auctioned 19 billion yuan ($2.76 billion) of 50-year bonds and 12 billion yuan of 3-month bills in the interbank market on Friday at an average yield of 3.48 percent and 2.1011 percent, respectively, traders said. For 50-year bonds, the yield was below market forecasts, centered around 3.55 percent and ranged from 3.50 to 3.60 percent.The auction yield came in below Thursday's benchmark secondary market yield of 3.5683 percent for 50-year ...

Markets - Fixed Income - Asia

Hot China house prices cool in October as curbs on speculation bite BEIJING: China's booming property market showed early signs of a softening in October after a fast and furious price rally that propped up economic growth this year. A National Bureau of Statistics (NBS) survey out on Friday showed October's monthly price growth virtually halved to 1.1 percent from September's 2.1 percent, as most of China's first- and second-tier cities posted slowing price growth.Analysts welcomed the softening as it showed that local and national measures intended ...

Markets - Fixed Income - Asia

South Korea central bank to buy 1.5trn won of KTB on Nov. 21 SEOUL: South Korea's central bank plans to buy 1.5 trillion won ($1.27 billion) of government bonds in an auction on Nov. 21 as part of measures to stabilize the local bond market, the Bank of Korea said on Friday.Copyright Reuters, 2016