07282016Thu
Last update: Thu, 28 Jul 2016 04am

Markets - Fixed Income

Markets - Fixed Income - Europe

Safe-haven German bonds in favour as tight UK referendum kicks off LONDON: A sense of caution as voting kicked off in a tight referendum on the UK's membership of the European Union bolstered safe-haven German bonds on Thursday, as latest polls showed a slight tilt towards those in favour of keeping Britain in the EU.Sterling rose to its strongest this year against the dollar after two polls showed a swing to "Remain" and betting markets priced in an 80 percent chance Britain would not vote to leave the EU.As momentum shifted towards the remain camp over the past week, risk appetite has picked up in global markets - benefiting lower-rated southern European debt at the expense of top-rated German bonds. European shares were broadly higher on Thursday.But with the vote too close to call, caution gripped bond investors, keeping Germany's 10-year government bond yield, the benchmark for borrowing costs in the euro area, within 10 basis points of record lows hit ...

Markets - Fixed Income - Asia

JGBs mixed ahead of Brexit vote, underpinned by 20-year sale TOKYO: Japanese government bonds were mixed on Thursday, with prices of longer maturities lifted by solid results of a 20-year auction. Trading was cautious as British voters prepared to cast their ballots later in the session in a closely divided referendum on whether to leave or remain in the European Union, with the latest polls suggesting it might opt to stay.The Bank of Japan may need to ease monetary policy if the British referendum outcome ...

Markets - Fixed Income - Middle East & Africa

Yield on Kenya's 182-day T-bill slips at auction NAIROBI: The weighted average yield on Kenya's 182-day Treasury bill slipped to 9.239 percent at auction on Wednesday compared to 9.545 percent last week, the central bank said. The yield on the 364-day T-bill was barely changed at 10.737 percent compared with 10.734 percent last week. The bank offered bills worth a total 12 billion shillings ($118.58 million) and received bids worth 14.2 billion shillings. It accepted bids worth 13.72 billion shillings. Next week, the ...

Markets - Fixed Income - Europe

UK gilt yields keep rising as market's Brexit bets recede LONDON: Gilt yields increased sharply for a fourth straight session on Wednesday, hitting their highest level since the start of June as investors shifted referendum expectations towards Britain staying in the European Union. The 10-year gilt yield peaked at 1.326 percent, its highest since June 3, but later pared gains after an opinion poll showed a one-point lead for the campaign to leave the EU just one day before the vote.It closed at 1.31 percent, ...

Markets - Fixed Income - Americas

Bonds steady ahead of British referendum NEW YORK: US Treasuries were steady on Wednesday as investors focused on whether the Britain will vote to leave the European Union on Thursday, and before Federal Reserve Chair Janet Yellen was due to testify before lawmakers in Washington for a second day.British polls show a tight race between the "Remain" and "Leave" camps. Investors have been assuming a lower chance that Britain will leave the EU, after the murder last week of a pro-EU ...

Markets - Fixed Income - Europe

German 30-year Bund yield lowest on record in auction: debt agency BERLIN/LONDON: Germany's Federal Finance Agency said on Wednesday that the average yield fetched at a top-up auction of a 30-year Bund was the lowest on record for that debt instrument during an auction, a spokesman for the Finance Agency said.The bid to cover ratio of the auction was 2.0 and the average yield was fixed at 0.65 pct which was the lowest recorded during an auction for that type of paper, spokesman Joerg Mueller said.A ...

Markets - Fixed Income - Asia

JGBs mostly edge up, underpinned by BOJ purchases TOKYO: Japanese government bonds mostly edged up on Wednesday, underpinned by Bank of Japan buying as well as wariness on the eve of Britain's vote on whether to remain in the European Union. Latest opinion polls have mostly shown a shift towards keeping Britain in the EU, while there are signs that momentum has stalled for the 'In' camp and the vote still looks too close to call.Japan's central bank offered to buy a total ...