04302016Sat
Last update: Sat, 30 Apr 2016 10am

Markets - Fixed Income

Markets - Fixed Income - Europe

Upbeat Fed speakers, supply push euro zone bonds yields up LONDON: Euro zone bond yields crept up on Wednesday, taking their cue from a rise in U.S. Treasury yields following bullish comments on the U.S. economy from Chicago's Federal Reserve president.Regional markets were also anticipating new supply, with Germany to sell 1 billion euros of 30-year bonds, while Portugal was due to auction bonds maturing in 2021 and 2030.U.S. Treasury yields rose after Chicago Fed President Charles Evans said on Tuesday he expects two more rate increases this year, based on the economic outlook.That set the tone for euro zone bond markets, where 10-year bond yields were 1-2 basis points higher across the region.Evans' comments followed hawkish remarks by Federal Reserve speakers on Monday. Atlanta Fed President Dennis Lockhart said the United States may be in line for a rate hike as soon as April, while Richmond Fed President Jeffrey Lacker said U.S. inflation is likely to accelerate in the ...

Markets - Fixed Income - Europe

German yields briefly hit two week lows after Brussels attacks LONDON: Top-rated German bond yields bounced off two-week lows on Tuesday as a rush to traditional safe haven assets after attacks in Brussels subsided and investors refocused on signs of business optimism in the bloc.The European benchmark yield, which moves inversely to prices, fell 4 basis points to 0.18 percent in early trading, after reports of explosions at Brussels airport and a metro station.But by 1200 GMT, German 10-year yields had edged back up to ...

Markets - Fixed Income - Europe

Safe haven German bond yields drop after Brussels explosions LONDON: Top-rated German bond yields fell near a two-week low on Tuesday as explosions in Brussels spurred demand for safe haven assets amid fears the incident could be the latest in a number of militant attacks in Europe. The European benchmark yield, which moves inversely to prices, fell 4 basis points to 0.18 percent, its lowest since March 10. The fall led a broad rally across most of the region's debt markets after reports of ...

Markets - Fixed Income - Middle East & Africa

Togo to auction 2-year bond of 35bn CFA on March 30 ABIDJAN: Togo will issue a two-year bond of 35 billion CFA franc ($59.77 million) on March 30, West Africa's regional debt planning agency said. The bond, which will have a multiple rate, will be sold in units of one million CFA francs to investors across the eight-nation CFA franc currency zone via an auction organized by the Central Bank of West African States, a statement by UEMOA-Titres said late on Monday.Copyright Reuters, 2016

Markets - Fixed Income - Europe

Euro zone yields fall, Catalonia downgrade puts Spain in focus LONDON: Euro zone bond yields fell on Monday, with Spanish bonds underperforming most of their peers after the wealthy region of Catalonia saw its ratings downgraded further into junk territory.Standard & Poor's cut Catalonia's credit rating one notch to B+ on Friday, after a previous downgrade in October. The rating agency cited weakening financial management and maintained a negative outlook on the region where a drive towards independence from Spain has grown.S&P's move reflects persistent ...

Markets - Fixed Income - Asia

Dollar stabilises in Asia as markets start slow recovery SINGAPORE: The dollar strengthened against emerging market currencies in Asia on Monday as traders shook off the effects of a lower interest rate outlook from the US Federal Reserve. The greenback last week struggled on the foreign exchange markets after the Fed on Wednesday pulled back their expectations on rate increases in 2016 by about a half percentage point, citing weak global growth and recent market turbulence.At around 0430 GMT, the Taiwan dollar was down ...

Markets - Fixed Income - Asia

China property tycoon Wang Jianlin eyes sporting trophy SHANGHAI: China's richest man, Wang Jianlin, has built a $100 billion business empire founded on shopping malls, but now he has set his eyes on a new trophy -- building a global sports conglomerate to match his country's economic and political might.News on Friday that Wang's company Wanda group had become a top-level sponsor for football's scandal-tainted governing body FIFA was just the latest show of its founder's ambitions. With Chinese growth slowing and its ...