07252016Mon
Last update: Mon, 25 Jul 2016 11am

Markets - Fixed Income

Markets - Fixed Income - Asia

China sells 3-year yuan bonds at 2.9pc in Hong Kong HONG KONG: China sold 14 billion yuan ($2.1 billion) of yuan-denominated offshore bonds in Hong Kong on Wednesday, the eighth consecutive year the Ministry of Finance (MOF) has tapped the market to encourage its development. Bonds of various tenors were offered, among which the largest amount sold was 7 billion yuan of three-year bonds at 2.9 percent, according to the Hong Kong Monetary Authority.The five-year, seven-year, 10-year and 20-year tenors were priced at 3.25 percent, 3.3 percent, 3.38 percent and 3.9 percent, respectively.The offshore yuan bond, or dim sum bond, market has faced strong headwinds in the past year as Chinese issuers moved to the onshore debt market to raise funds more cheaply.Outstanding dim sum bonds have shrunk by 10 percent to 742 billion yuan so far this year, according to Standard Chartered. It forecasts a decline of 16-118 percent for the whole year.Copyright Reuters, 2016

Markets - Fixed Income - Europe

Spain's 10-year yields fall below Italy's, tightest spread since July 2015 LONDON: The yield on Spain's 10-year government bonds fell below its Italian counterpart for the first time in almost a year on Tuesday. Spanish bond yields, which posted their biggest one-day fall for two years on Monday on hopes of an end to political deadlock, fell a further 13 basis points on Tuesday to 1.33 percent.Italian 10-year yields fell 8 bps to 1.35 percent but the gap between those and Spanish peers was at its ...

Markets - Fixed Income - Americas

US bond prices hold losses after US GDP data NEW YORK: US Treasury prices held their earlier decline on Tuesday as the government's final reading on economic growth in the first quarter was revised up to 1.1 percent, within analyst forecasts but not strong enough for inflation to accelerate. Benchmark 10-year Treasury notes were last down 4/32 in price with a yield of 1.473 percent, up 1 basis point from late on Monday. The 10-year yield touched a near four-year low of 1.0406 percent ...

Markets - Fixed Income - Middle East & Africa

Nigeria to sell 94 bln naira in Treasury bills LAGOS: Nigeria plans to raise 94 billion naira ($330 million) in short-dated Treasury bills with 3-month to 1-year maturities on July 6, the central bank said on Tuesday. The bank said it will raise 19 billion naira of the 3-month debt, 25 billion of the 6-month and 50 billion of the 1-year. Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGBs yield curve flattens on Brexit, long yields hit record lows TOKYO: Long-dated Japanese government bond yields fell to record lows while shorter yields were flat to slightly higher on Monday, as Britain's decision to leave the European Union led to expectations of more global economic stagnation.The 20-year JGB yield fell 3.0 basis points to 0.080 percent , having fallen 83.5 basis points since the BOJ adopted negative rates in late January.The 30-year yield also fell to a record low of 0.110 percent, having fallen more ...

Markets - Fixed Income - Middle East & Africa

Yields drop on Egypt's 91-day, 273-day T-bills CAIRO: Yields on Egypt's three-month and nine-month treasury bills declined at an auction on Sunday, data from the central bank showed. The average yield on Egypt's 91-day bill dropped to 13.960 percent from 14.051 percent at the last sale on June 19. The yield on the 273-day bill dipped to 15.087 percent from 15.118 percent at a similar auction a week ago. Copyright Reuters, 2016

Markets - Fixed Income - Europe

British government bond prices rise on Brexit vote PARIS: British government bonds surged Friday as investors bought into their relative safety following Britain's vote to leave the European Union.The yield on the benchmark 10-year government bond, or gilt, dropped to 1.014 percent, its lowest level ever.Copyright AFP (Agence France-Presse), 2016