01182017Wed
Last update: Wed, 18 Jan 2017 10am

Markets - Fixed Income

Markets - Fixed Income - Europe

German 2-year bond yield at record low, set for biggest 2-week fall since 2013 LONDON: Short-dated German government bond yields set a new record low and were on track for their biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating. Demand for German debt for use as collateral for short-term lending in repo markets has helped drive two-year bond yields lower this week. Jitters ahead of an Italian referendum on Dec. 4 have also bolstered demand for German bonds, regarded as among the safest assets in the world. Germany's two-year Schatz yield fell to a record low of minus 0.75 percent. It was on track for its biggest two-week drop since July 2013 with a fall of 14 basis points. The European Central Bank's 1.7 trillion euro bond buying stimulus scheme has made it hard for investment funds to source high-quality collateral to use for borrowing in so called repurchase-agreements, ...

Markets - Fixed Income - Europe

Italy-Germany 10-yr bond yield hits new high since Oct. 2014 MILAN: The yield spread between Italian 10-year bonds and German Bunds rose to a new high since October 2014 on Friday, reaching 190 basis points as investors turned to top-rated assets such as German bonds. Short-dated German government bond yields set a new record low and were on track for their biggest two-week fall in more than three years on Friday. Copyright Reuters, 2016

Markets - Fixed Income - Australia

Australia pension fund Hostplus upbeat on credit, shuns govt bonds SYDNEY: Australian pension fund Hostplus is keen to invest in credit, property and infrastructure, but sees no value in sovereign bonds, its chief executive said on Friday. David Elia, CEO of Hostplus which manages A$22 billion ($16 billion) of assets, said the balanced fund's credit exposure rose to 6 percent from none in 2009, but it holds no sovereign bonds.Elia is particularly keen to lend directly to middle-market companies in the United States and Europe ...

Markets - Fixed Income - Middle East & Africa

Yields rise at Egypt six-month, one-year T-bond auction CAIRO: The average yields on Egyptian six-month and one-year treasury bills rose at an auction on Thursday, central bank data showed. The 182-day treasury bills rose to 18.258 percent from 17.716 percent at the previous auction, and the yield for the 364-day treasury bills rose to 18.034 percent from 17.606 percent in a similar auction. Copyright Reuters, 2016

Markets - Fixed Income - Europe

Romania sells 711mn lei of 364-day treasury bills BUCHAREST: Romania sold a lower than planned 711 million lei ($166.85 million) worth of 364-day treasury bills, at an average accepted yield of 0.84 percent on Thursday, central bank data showed. Debt managers, who had planned to sell 800 million lei, last sold similar maturity paper in October at an average yield of 0.6 percent. On Thursday, bids totalled 966 million lei.So far this year, the ministry has sold roughly 42.9 billion lei and 775 ...

Markets - Fixed Income - Asia

JGBs slip, super-long bond yields hit 8-month high TOKYO: Japanese Government bonds sagged on Thursday, with the 20- and 30-year bond yields hitting eight-month highs, following a retreat in U.S. Treasuries and on caution ahead of a 40-year JGB auction.Long-dated JGBs came under pressure as a sell-off in U.S. Treasuries showed no sign of abating, with the 10-year U.S. yield hitting a 16-month high.U.S. bonds have been sold on the expectation that U.S. President-elect Donald Trump's policies may boost fiscal spending and lift ...

Markets - Fixed Income - Americas

Yields fall from highs as funds flock to 7-year auction NEW YORK: US Treasury yields fell from multiyear highs on Wednesday after the Treasury Department saw very strong demand for an auction of seven-year notes, and after minutes from the Federal Reserve's November meeting contained no large surprises.The Treasury sold $28 billion of seven-year notes at a high yield of 2.215 percent, around two basis points below where they traded before the auction. Indirect bidders, which includes fund managers and some central banks, took a ...