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Last update: Thu, 11 Feb 2016 10pm

Markets - Fixed Income

Markets - Fixed Income - Europe

Bond yields rise as French, Spanish votes overshadowed in Fed week LONDON: Euro zone bond yields rose on Monday with investors pushing political shifts in France and Spain aside and lightening up positions at the start of a week which could see the first Federal Reserve rate hike in nearly a decade. There was no discernible impact on bond markets from the French elections on Sunday and no sense of increased nervousness before Spanish elections on Dec. 20, a sign that investors are more preoccupied with central bank moves than politics. The European Central Bank's recently enhanced stimulus programme limits investors' desire to single out a sovereign where political risks are ticking up.This year's experience in Greece, where far-left Syriza came to power on an anti-bailout platform only to end up agreeing on tougher-than-expected terms to stay in the euro, has also given investors confidence in Europe's status quo. Tactical voting meant Marine Le Pen's far-right National Front (NF) did not ...

Markets - Fixed Income - Europe

Kazakhstan CDS jump, Eurobonds fall after tenge hits record low LONDON: Kazakhstan's debt insurance costs rose and Eurobond prices fell across the curve on Monday after the country's tenge currency hit a fresh record low, weighed down by weaker oil and rouble prices. Data from Markit showed that five-year credit default swaps rose 23 basis points (bps) to 314 bps, the highest since late-October. Kazakh dollar-denominated bonds fell, shaving off as much as 0.64 cents, with the 2025 issue trading at 97.448 cents in the ...

Markets - Fixed Income - Europe

German bond yields reverse early rise as oil price hits new lows LONDON: German government bond yields fell on Monday, reversing an early rise, as the price of oil struck new lows. Oil fell for a seventh straight session, with US crude prices below $35 for the first time since early 2009, on growing fears that the global oil glut would worsen in the months to come in a pricing war between key producers. The fall in the oil price has fueled a view that the European ...

Markets - Fixed Income - Asia

Sri Lankan rupee hits record low on year-end payments, importer dollar demand COLOMBO: The Sri Lankan rupee hit a record low on Monday due to dollar demand from importers and for dividend payouts by multinational firms, dealers said. The rupee fell 0.35 percent to 143.65 per dollar during the day, extending its decline from the previous record trough of 143.40 hit on Friday. The currency ended at 143.60/80 per dollar compared with Friday's close of 143.35/40. "Some companies bought dollars to pay dividend and for other payments," ...

Markets - Fixed Income - Asia

China November investment growth unchanged at 10.2pc BEIJING: China's fixed-asset investment growth was flat at 10.2 percent year-on-year in the January-November period, slightly beating market expectations.Analysts polled by Reuters predicted investment growth would come in at 10.1 percent, compared with 10.2 percent posted the prior month. Industrial output growth quickened to 6.2 percent in November, the National Bureau of Statistics said on Saturday, surprising analysts who expected a rise of 5.6 percent on an annual basis, from the same level of growth ...

Markets - Fixed Income - Asia

China Nov property investment slows further, sales improve BEIJING: Annual growth in real estate investment in China slowed further in November even though sales improved slightly, official data showed on Saturday, suggesting persistent weakness in the property market could undermine a fragile economic recovery.Property investment, a crucial driver of the economy, grew 1.3 percent in the first 11 months of 2015 from a year earlier, slowing from an increase of 2.0 percent in January-October, data from the National Bureau of Statistics(NBS) showed. That ...

Markets - Fixed Income - Europe

Bund yields see biggest weekly fall in four weeks on oil slump LONDON: German bond yields are set to record their biggest weekly fall in four weeks, with an oil price slump helping to drive borrowing costs sharply down again after the European Central Bank disappointed markets last Thursday. Ten-year yields have dropped 12 basis points to 0.56 percent this week, remaining above the 0.48 percent level seen before the ECB meeting on Dec. 3 but well below the 2-1/2-month high of 0.74 percent hit the following ...