09302016Fri
Last update: Fri, 30 Sep 2016 06pm

Markets - Fixed Income

Markets - Fixed Income - Asia

South Korea treasury bond issuance in 2017 to be less than this year SEOUL: South Korea's treasury bond issuance next year is likely to be less than the amount planned for this year thanks to tax revenue exceeding estimates, finance ministry officials told Reuters on Monday. "Next year's debt-financing bond issuance will be much less than this year's, resulting in an overall smaller treasury bond issuance in 2017 as tax collection has been good," said a finance ministry official, who declined to be named.This year, 41.4 trillion won ($36.79 billion) out of 45.9 trillion won worth of treasury bonds to be sold will be to finance the country's debt.Revenue from tax collection for the first half of the year reached 125.6 trillion won, 19 trillion won more than the same time in 2015.Another ministry official, who also asked to remain anonymous, told Reuters next year's tax revenue was likely to remain largely in line with this year, although revenues from real estate transaction ...

Markets - Fixed Income - Middle East & Africa

Egypt T-bill yields mixed at Sunday's auction CAIRO: Yields on Egypt's three-month treasury bills dropped while yields on the nine-month bills rose at Sunday's auction, data from the central bank showed. The average yield on the 91-day bill dropped to 14.035 percent from 14.154 percent at the last auction on August 14. The 273-day bill rose to 15.969 percent from 15.889 percent at a similar auction a week ago. Copyright Reuters, 2016

Markets - Fixed Income - Americas

US bond prices fall on profit-taking NEW YORK: US Treasury prices fell on Friday as traders booked profits on recent gains ahead of next week's government debt supply and a meeting of global central bankers where Federal Reserve Chair Janet Yellen is scheduled to speak.The US Treasury Department will sell a combined $88 billion in two-year, five-year and seven-year notes next week.Weaker sovereign bond prices in Europe also exerted downward pressure on their US counterparts on light volume and in the ...

Markets - Fixed Income - Asia

China money rates slip on week, Treasury yields rise from 7-year lows SHANGHAI: China's primary money rates fell this week, but Treasury yields rose from seven-year lows as investors took profits from bonds' recent rally.The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity in China, was 2.2555 percent, down seven basis points (bps) on the week.The central bank kept short rates steady this week with its second consecutive net fund injection through open markets.After touching ...

Markets - Fixed Income - Americas

Euro zone bond yields fall as US Fed minutes highlight split LONDON: Euro zone bond yields fell on Thursday as market expectations of a near-term US rate hike receded after minutes of the latest Federal Reserve meeting showed a split among policymakers. The minutes appeared to suggest more economic data would be needed before a decision was made. "The market is taking the Fed minutes as very dovish, so Treasuries are rallying, the dollar is falling," said Commerzbank analyst Christoph Rieger.German Bund futures rose 46 ticks ...

Markets - Fixed Income - Asia

JGBs lifted by weaker Nikkei, steady 5-year auction TOKYO: Japanese government bond prices rose on Thursday, lifted by a weaker Nikkei and firmer U.S. Treasuries.The debt market was also buoyed after it witnessed steady investor demand at an auction for five-year government bonds.The benchmark 10-year JGB yield was down half a basis point at minus 0.090 percent and the 30-year yield slipped 1.5 basis points to 0.340 percent.The bid-to-cover ratio, a gauge of demand, at the 2.4 trillion yen ($24 billion) five-year sale ...

Markets - Fixed Income - Asia

China home prices rise 7.9pc y/y in July BEIJING: Average new home prices in China's 70 major cities rose 7.9 percent in July from a year earlier, an official survey showed on Thursday. That compared with a 7.3 percent increase in June.Home prices in Shenzhen and Xiamen had the biggest surge, rising 40.9 percent and 39.2 percent, respectively, from a year ago.The booming property market has been a key driver of China's economic growth in the first half of the year as weak ...