05282016Sat
Last update: Sat, 28 May 2016 07am

Markets - Fixed Income

Markets - Fixed Income - Asia

China says risk in bonds of big state-owned firms 'controllable' SHANGHAI: China's state asset manager, in the wake of increasing debt defaults have rattled Chinese markets, on Friday called risk in bonds issued by central government-owned firms "controllable". The State-owned Assets Supervision and Administration Commission (SASAC) said it made the conclusion after a detailed probe into all bonds issued by such enterprises.The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April sought suspension of trade in 16.8 billion yuan ($2.60 billion) worth of its debt instruments, as the company struggles to make payments.Following that risk warning, SASAC "conducted a comprehensive probe of various bonds issued by 106 central government-owned enterprises," the commission said in a statement on its website."While the central government enterprises are faced with negative factors such as a slowdown of the economy, their operations are trending better and their financial indications are stable," it said. "Overall their debt risk is controllable."Chinese markets are ...

Markets - Fixed Income - Asia

20-year JGB yield falls to record low of 0.225pc TOKYO: The yield on 20-year Japanese government bonds fell to a record low of 0.225 percent on Friday as the Japanese bond market tracked gains in US Treasuries. The 20-year JGB yield has fallen almost 70 basis points since the Bank of Japan announced negative interest rates in late January.Copyright Reuters, 2016

Markets - Fixed Income - Americas

Yields little moved as investors eye April jobs report NEW YORK: US Treasury yields were little changed on Thursday as the number of Americans filing for unemployment benefits rose unexpectedly but remained within the range of a strong labor market, leaving investors with no clear signals ahead of Friday's nonfarm payrolls report.Reports detailing the health of the US economy have been mixed this week and the Federal Reserve has signaled it will make its June interest rate policy decision based on what the data ...

Markets - Fixed Income - Europe

Romania sells planned 1.0bn lei of one-year T-Bills BUCHAREST: Romania sold 960.7 million lei ($244.17 million) worth of one-year treasury bills on Thursday, slightly less than planned, with the average accepted yield at 0.7 percent, central bank data showed.Debt managers, who had planned to sell 1 billion lei on Thursday, last tendered the issue in April at an average yield of 0.66 percent.So far this year, the ministry has sold roughly 18.8 billion lei and 775 million euros worth of domestic debt, and ...

Markets - Fixed Income - Americas

Yields fall to 2-week lows after ADP jobs data NEW YORK: US Treasury yields fell to their lowest level in two weeks on Wednesday after a reading on US jobs data for April missed expectations, posting the weakest gain in three years, but yields pared those losses after an improvement in the US trade balance.Private employers in the US added 156,000 jobs last month, well below economists' expectations and the weakest gain since April 2013, a report from payrolls processor ADP National Employment showed ...

Markets - Fixed Income - Middle East & Africa

Riding on the Dubai property roller coaster DUBAI: For more than 10 years Dubai property prices have been on a roller coaster, creating and wiping out fortunes, but recently they appear to have run out of steam.The Gulf emirate shot to prominence as an attractive real estate market after opening up special freehold zones for foreign buyers in 2002.Prices peaked in 2008, driven mainly by speculative investments, but later nosedived as finances dried up because of the global financial crisis, shedding half ...

Markets - Fixed Income - Americas

US sells one-month T-bills at lowest rate since December NEW YORK: The US Treasury Department on Tuesday sold $40 billion of one-month bills at an interest rate of 0.17 percent, which was the lowest level since a one-month T-bill auction held on Dec. 29, Treasury data showed. Last week, the Treasury sold $35 billon of one-month T-bills at an interest rate of 0.190 percent. The ratio of bids to the amount offered at the latest one-month bill sale was 3.63, lower than 3.83 the ...