05052016Thu
Last update: Thu, 05 May 2016 12am

Markets - Fixed Income

Markets - Fixed Income - Europe

Euro zone bond rally pauses before Fed meeting LONDON: The post-ECB rally in euro zone government bonds came to a halt on Tuesday as investors became wary that the U.S. Federal Reserve could signal this week that it expects to hike interest rates further in coming months.The Bank of Japan's removal from its statement of language that it would cut rates further into negative territory if needed also reminded markets of policymakers' reluctance to experiment further with this instrument.European Central Bank President Mario Draghi said last week he did not anticipate further rate cuts, briefly dampening enthusiasm for a wider easing package, including accelerating bond buying to 80 billion euros a month from 60 billion.In the United States, the Fed is not expected to raise rates on Wednesday, but is likely to make clear that as long as U.S. inflation and jobs continue to strengthen, economic weaknesses overseas would not stop rates from rising.Fresh forecasts from the Fed's ...

Markets - Fixed Income - Asia

China sees housing sales stabilised and recovering BEIJING: Price divergence in China's big and small cities poses a challenge for housing market policy controls although housing sales have stabilised and are recovering, the Housing Minister Chen Zhenggao said on Tuesday. Chen told reporters at a news conference in Beijing on the sidelines of the annual parliament session that he was confident of stable and healthy development of the country's housing market.He added that it is important to stabilise home prices in tier ...

Markets - Fixed Income - Americas

Prices edge higher as investors square up ahead of FOMC NEW YORK: US Treasury debt prices rose on Monday, rebounding from an aggressive selloff last week, as investors tried to get back to neutral positions ahead of this week's two-day Federal Open Market Committee meeting. Long-term yields, which move inversely to prices, fell for the first time in four days. Yields were also pressured by the drop in oil prices, analysts said. Benchmark 10-year yields hit a five-week high on Friday, capping broad gains on ...

Markets - Fixed Income - Middle East & Africa

Egypt's 5-year, 10-year treasury bond yields jump at Monday's auction CAIRO: Egypt's 5-year and 10-year treasury bond yields jumped at Monday's auction, data from the central bank showed, hours after the central bank devalued the pound in a special foreign currency auction, as bankers expect an imminent rate hike. Egypt's central bank devalued the pound on Monday and said it would move to a more flexible exchange rate policy in an effort to rebalance markets and ease a foreign exchange shortage that had stifled business ...

Markets - Fixed Income - Europe

Peripheral bond yields lead euro zone lower, Germany lags LONDON: Peripheral government bonds led euro zone yields lower on Monday, with German bonds underperforming a day after voters punished Chancellor Angela Merkel's conservatives in three German regional elections. Southern Europe is seen as the main beneficiary of last week's monetary easing from the European Central Bank, pushing bond yields in the periphery down 2-5 basis points.But there was also focus on Germany where Merkel's Christian Democrats (CDU) lost ground in all three states holding ...

Markets - Fixed Income - Asia

China Jan-Feb fixed asset investment up 10.2pc y/y, factory output up 5.4pc BEIJING: China's fixed-asset investment growth quickened to 10.2 percent year-on-year in the Jan-January period, beating market expectations. Analysts polled by Reuters predicted investment growth would come in at 9.5 percent, compared with 10 percent posted the prior month.Industrial output growth cooled to 5.4 percent, disappointing analysts who expected it to rise 5.6 percent on an annual basis after a rise of 5.9 percent the prior month.Retail sales growth cooled to 10.2 percent.Analysts forecast they would ...

Markets - Fixed Income - Asia

China Jan-Feb property investment rises 3pc BEIJING: China's real estate investment rose 3 percent in the first two months of 2016 in year-on-year terms, as growth in the area of property sold sped up to 28.2 percent, official data showed on Saturday. The investment growth, reported by the National Bureau of Statistics (NBS), compared with an increase of 1 percent in the full year of 2015.The rise in sales by area was above the 6.5 percent annual gain in 2015.Real estate ...