08242016Wed
Last update: Wed, 24 Aug 2016 09am

Markets - Fixed Income

Markets - Fixed Income - Americas

Bids at US 5-year note sale weakest in 7 years NEW YORK: The latest US five-year Treasury note auction drew the lowest overall bidding in seven years on Tuesday as some investors refrained from purchases as Federal Reserve policy makers were meeting. The five-year Treasury sale followed a poor $26 billion two-year note auction on Monday. The Treasury will complete this week's coupon-bearing supply sale with a $28 billion seven-year debt auction on Thursday.The ratio of bids to the $34 billion five-year debt offered was 2.27, down from 2.29 at the previous five-year auction in June.The bid-to-cover ratio, which measures auction demand, was the weakest since 1.93 in July 2009. Investors have been reluctant to bid for Treasuries in case Fed policy makers at the conclusion of their meeting on Wednesday hint at a rate increase sooner than anticipated, analysts said. Fund managers, foreign central banks and other direct bidders bought 53.64 percent of the five-year note supply, down from ...

Markets - Fixed Income - Middle East & Africa

Egypt cancels 1.5 and 3 year bond auctions, 7-year bond yields rise CAIRO: Egypt cancelled its 18-month and three-year bond auctions on Monday and yields on its seven-year bond rose, data from the central bank showed. The yields on the seven-year bond stood at 17.521 percent compared with 17.291 at the last similar sale, held on July 11. The central bank did not give a reason for the cancellations, but one banker said the bids submitted were likely considered too high. Yields on Egyptian government debt have ...

Markets - Fixed Income - Asia

Benchmark JGBs ease, next week's BOJ meeting awaited TOKYO: Benchmark Japanese government bonds eased on Friday but moves were limited as investors waited to see if the Bank of Japan will offer more stimulus at a policy review late next week. The 10-year JGB yield added 1 basis point to minus 0.225 percent, up from an earlier session low of minus 0.240 percent.September 10-year futures inched 0.02 point lower to end at 153.18.Investors remained way about the BOJ's July 28-29 meeting, and whether ...

Markets - Fixed Income - Europe

German yields bounce to three-week high as ECB sits tight LONDON: German bond yields bounced to a three-week high on Thursday after the European Central Bank said it would wait until September to assess the need for any further easing in the wake of Brexit.ECB chief Mario Draghi said immediate stresses caused to markets from Britain's shock vote to leave the EU last month was contained but that the Bank remained ready to take more actions to lift inflation and growth if needed.Ten-year yields peaked ...

Markets - Fixed Income - Middle East & Africa

Kenya 364-day, 182-day t-bill yields rise at latest sale NAIROBI: The weighted average yield on Kenya's 182-day Treasury bills rose to 10.205 percent at an auction on Wednesday from 9.914 percent last week, the central bank said. At the same sale, the yield on the 364-day Treasury bills jumped to 11.027 percent from 10.869 percent last week, the bank added. It received bids worth a total 17.18 billion shillings for the 12 billion shillings it had offered.It accepted 17.06 billion shillings. The bank will ...

Markets - Fixed Income - Asia

Benchmark JGBs rise, longer zone slips after 20-year sale TOKYO: Benchmark Japanese government bond prices firmed on Wednesday, while the superlong zone edged lower after lacklustre demand at a 20-year auction. The 10-year JGB yield inched down half a basis point to minus 0.240 percent, while September 10-year futures added 0.16 point to end at 153.28.But the 20-year JGB yield rose 1.5 basis points to 0.150 percent, and the 30-year JGB yield climbed 2 basis points to 0.210 percent.A downturn in stocks supported bonds, ...

Markets - Fixed Income - Asia

New Development Bank completes first green bond sale, sees strong orders HONG KONG: The New Development Bank (NAB), an infrastructure-focused lender established by the BRICS emerging nations last year, has completed the sale of its first worldwide bond in China's interbank bond market. It was also the first yuan-denominated green bond sold in mainland China by a multinational financial institution.The five-year, 3 billion yuan ($447.87 million) bond was priced at 3.07 percent on Tuesday, with the total order book amounting to around 9 billion yuan."Demand for ...