06262016Sun
Last update: Sun, 26 Jun 2016 09am

Markets - Fixed Income

Markets - Fixed Income - Asia

JGBs firm after strong 5-year sale results TOKYO: Japanese government bonds were higher on Thursday, led by 5-year JGBs after strong demand at an auction of those notes.The Ministry of Finance offered 2.4 trillion yen ($22.51 billion) of 5-year JGBs with a 0.10 percent coupon.The notes sold at a low price of 101.67, and drew bids of 4.66 times the amount offered, above the previous sale's bid-to-cover ratio of 4.15 times.The tail between the average and lowest accepted prices shrank to 0.01 from 0.02 at last month's offering, indicating higher demand for the bonds.The 5-year JGB yield fell 1.5 basis points to minus 0.240 percent.The benchmark 10-year yield edged down half a basis point to minus 0.120 percent, while June 10-year futures added 0.13 point to 152.13.Also underpinning demand for safe-haven fixed-income assets, data released early in the session showed Japan's core machinery orders tumbled more than expected in April by the most in two years.Bank of ...

Markets - Fixed Income - Americas

Bonds steady before 10-year note auction NEW YORK: US Treasuries were steady on Wednesday before the government is due to sell $20 billion in 10-year notes, the second sale of $56 billion in new coupon-bearing supply this week.With no major economic releases due this week, investors are focused on Treasury supply and next week's Federal Reserve meeting, when the US central bank is expected to leave interest rates unchanged.Traders have pushed back rate-hike expectations to September at the earliest, after Friday's ...

Markets - Fixed Income - Asia

China home prices seen up 6.3pc in 2016 even as govt controls expand BEIJING: China's home prices are expected to rise modestly this year and next, with property controls likely to be extended to more cities as major markets heat up, a Reuters poll showed. A recovery in the housing market, which accounts for 15 percent of gross domestic product, has helped stabilise economic growth this year and has provided a boost to the construction industry while also lifting prices of many commodities.However, with home values surging in ...

Markets - Fixed Income - Americas

Venezuela crisis is opportunity for foreign bond investors NEW YORK/LONDON: As Venezuela's economy teeters on the edge of collapse and some people go hungry, a growing number of foreign investors are reaping outsized returns betting on the oil-rich nation's depressed debt. Venezuela's bonds have sunk so low amid a deep crisis that even if it defaults on its debt, bondholders reckon there will still be rewards when the South American country eventually recovers, helped by its huge reserves of crude.Venezuelan dollar bonds on ...

Markets - Fixed Income - Asia

JGBs edge down as stocks rebound, surprised by primary dealer's pullout TOKYO: Japanese government bonds edged down on Wednesday, taking their cue from a rebound in equities, but trade was overshadowed by news that a primary dealer is set to quit in the latest reaction to the central bank's negative interest rate policy.Bank of Tokyo-Mitsubishi UFJ, the core banking unit of Mitsubishi UFJ Financial Group Inc, is expected to give up its role as one of the 22 primary dealers of Japanese government bonds as early ...

Markets - Fixed Income - Americas

Bonds steady as Fed rate view in focus NEW YORK: US Treasuries were steady on Tuesday as investors evaluated when the Federal Reserve is likely to next raise interest rates, a day after Fed Chair Janet Yellen was viewed as taking a less hawkish view on rate hikes.In a highly anticipated speech on Monday Yellen gave a largely upbeat assessment of the US economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave ...

Markets - Fixed Income - Americas

Bonds steady as Fed rate view in focus NEW YORK: US Treasuries were steady on Tuesday as investors evaluated when the Federal Reserve is likely to next raise interest rates, a day after Fed Chair Janet Yellen was viewed as taking a less hawkish view on rate hikes.In a highly anticipated speech on Monday Yellen gave a largely upbeat assessment of the US economic outlook and said interest rate hikes are coming but, in an omission that stood out to some investors, gave ...