05052016Thu
Last update: Thu, 05 May 2016 09pm

Markets - Fixed Income

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 explosions at Brussels airport and a metro station.Elsewhere, riskier European stocks shed about 1 percent while the Japanese yen and gold -- also seen as a refuge for investors in times of stress -- rose."The tragic events in Brussels have led to a flight-to-quality, which we are seeing in the bond markets," said Nick Stamenkovic, a bond strategist at RIA Capital Markets.Hawkish comments from several Federal Reserve policymakers on Monday had been exerting upward pressure ...

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 ...

Markets - Fixed Income - Americas

US prices rise, tracking Europe; Fed outlook also gives boost NEW YORK: US Treasuries rallied for a fifth straight session on Friday, in line with gains in European sovereign markets, as investors continued to snap up US government bonds with the expectation that the Federal Reserve will implement fewer rate increases this year. Benchmark 10-year note yields, which trade inversely to prices, were on track for their largest weekly drop since late January. US two-year notes, on the other hand, were on pace to post ...

Markets - Fixed Income - Europe

France sells extra 1.8bn euros of bonds after auction PARIS: France sold an extra 1.4 billion euros ($1.58 billion) of fixed-rate, medium-term bonds and 443 million euros of inflation linked bonds after a regular auction, the Agence France Tresor public debt management agency said on Friday. The non-competitive bids means that it sold a total of 8.42 billion of the fixed-rate bonds at the auction and 2.290 billion euros of linkers, AFT said. Under the French system, buyers not only submit competitive bids at ...