02092016Tue
Last update: Tue, 09 Feb 2016 08pm

Markets - Fixed Income

Markets - Fixed Income - Europe

German Bund yields dip as oil prices fall again LONDON: German Bund yields dipped on Monday as oil prices resumed their fall, keeping inflation expectations subdued and maintaining the prospect of further European Central Bank monetary policy easing.Oil prices have been one of the main drivers in euro zone debt markets, as long-term measures of the market's inflation expectations such as the five-year, five-year breakeven forward remain well below the ECB's target of just below 2 percent.The ECB cut its deposit rate further into negative territory this month and extended its 60-billion-euro-a-month asset purchase programme by six months until March 2017.German 10-year Bund yields, which set the standard for euro zone borrowing costs, fell about 2 basis points to 0.61 percent. They are trading about 6 basis points up on the year, having failed to break below zero in April.Bund futures were up 31 ticks at 158.15."Oil prices could be part of this but it's probably just minor trades ...

Markets - Fixed Income - Middle East & Africa

Egypt bond auction yields to rise no more than 20 bps after rate hike CAIRO: Yields on Egypt's 18-month, three-year, and seven-year Treasury bonds are likely to rise by no more than 20 basis points at an auction on Monday, bankers said, despite a 50 basis point rise in interest rates just four days ago.The bond auction is the first since the central bank's monetary policy committee (MPC) raised interest rates on Thursday, citing inflationary pressures.That fuelled expectations that government debt yields would increase by at least 50 basis ...

Markets - Fixed Income - Asia

Taiwan sets government bonds, bills issuance plan for Q1 TAIPEI: Taiwan plans to sell T$155 billion ($4.72 billion) in government bonds in the first quarter of next year, mainly to repay debt, the finance ministry said on Wednesday. The ministry said it would issue two-, three-, five-, 10- and 20-year government bonds in the January-March quarter.The government also plans to issue T$130 billion in treasury bills in the first three months of 2016, the ministry said.Copyright Reuters, 2015

Markets - Fixed Income - Europe

Euro zone yields creep up as QE takes Christmas break LONDON: Euro zone bond yields crept higher on Tuesday as the European Central Bank put a temporary halt to its asset purchase programme over the Christmas break.The pause in the 1.5 trillion euro scheme, set to last until Jan. 4, removes a pillar of support for investors at a time when liquidity is low and inconclusive elections in Spain have created price ructions.German 10-year bond yields -- the bloc's benchmark -- rose 3 basis points ...

Markets - Fixed Income - Asia

Philippine corporate bond issuance may hit $2bn in 2016 MANILA: Philippine companies are expected to raise at least 100 billion pesos ($2.1 billion) by issuing bonds next year to finance expansion plans and infrastructure investments, the country's bond market operator said on Tuesday.Corporate bond listings in the PDS Group's fixed income trading platform slid to 107.4 billion pesos this year from a record 190 billion pesos in 2014 as market volatility weighed on investor sentiment."Because of the urgent need to start public-private partnership (PPP) ...

Markets - Fixed Income - Asia

South Korea to sell net 45.9trn won in t-bonds in 2016 SEOUL: South Korea said on Tuesday it plans to sell 45.9 trillion won ($39.05 billion) worth of treasury bonds next year versus 51.7 trillion won planned for this year.The finance ministry said in a statement net treasury bond sales will be smaller next year than 2015 to prevent budget shortfall. Demand for South Korean treasury bonds is expected to be robust like this year, the ministry said.Copyright Reuters, 2015

Markets - Fixed Income - Middle East & Africa

UAE's Commercial Bank International issues $125mn in Tier 1 bonds DUBAI: Commercial Bank International (CBI), the Abu Dhabi-listed lender, said on Tuesday it has issued $125 million worth of capital boosting perpetual bonds.The lender said the bond which will boost its tier 1 ratio - regarded as one of the key indicators of a bank's health - has been privately placed, according to a statement to the bourse.The transaction would be settled on Wednesday, it said.Copyright Reuters, 2015