09302016Fri
Last update: Fri, 30 Sep 2016 04am

Markets - Fixed Income

Markets - Fixed Income - Asia

Benchmark JGBs rise, longer zone slips after 20-year sale TOKYO: Benchmark Japanese government bond prices firmed on Wednesday, while the superlong zone edged lower after lacklustre demand at a 20-year auction. The 10-year JGB yield inched down half a basis point to minus 0.240 percent, while September 10-year futures added 0.16 point to end at 153.28.But the 20-year JGB yield rose 1.5 basis points to 0.150 percent, and the 30-year JGB yield climbed 2 basis points to 0.210 percent.A downturn in stocks supported bonds, with the Nikkei stock index shedding 0.3 percent.Expectations are also growing among investors that the Bank of Japan will take further stimulus steps at its July 28-29 meeting."If the BOJ does nothing, JGBs will initially sell off. But risk assets anticipate that the BOJ will act next week, so risk assets will go down more, and that will be supporting the JGB market as usual," said Tadashi Matsukawa, head of fixed income investment at PineBridge ...

Markets - Fixed Income - Asia

New Development Bank completes first green bond sale, sees strong orders HONG KONG: The New Development Bank (NAB), an infrastructure-focused lender established by the BRICS emerging nations last year, has completed the sale of its first worldwide bond in China's interbank bond market. It was also the first yuan-denominated green bond sold in mainland China by a multinational financial institution.The five-year, 3 billion yuan ($447.87 million) bond was priced at 3.07 percent on Tuesday, with the total order book amounting to around 9 billion yuan."Demand for ...

Markets - Fixed Income - Americas

US Treasury sees forex markets in line with fundamentals WASHINGTON: The US Treasury believes foreign exchange markets are behaving largely in line with underlying economic fundamentals ahead of a meeting this week of Group of 20 finance ministers and central bank governors, a senior Treasury official said on Monday. US Treasury Secretary Jack Lew will nonetheless still emphasize the need for the world's biggest economies to avoid competitive currency devaluations at the meeting in Chengdu, China, the official told reporters on a conference call. ...

Markets - Fixed Income - Europe

Four euro zone states to auction bonds next week LONDON: Belgium, Germany, France and Spain are the euro zone countries scheduled to sell bonds next week. Belgium will sell bonds maturing in 2026, 2031, 2038 and 2047 on Monday. Germany on Wednesday is scheduled to sell 5 billion euros of five-year bonds. On Thursday, France will auction up to 8.5 billion euros of medium-term bonds and inflation-linked bonds. Also on Thursday, Spain is set to issue bonds due in 2019, 2021 and 2046. Copyright ...

Markets - Fixed Income - Americas

US TIPS breakeven rates hold losses after CPI NEW YORK: The US bond market's gauge on investors' inflation expectations held its earlier decline on Friday as the 0.2 percent increase in the consumer price index in June fell short of analysts' forecasts. The yield difference between regular five-year Treasury notes and five-year Treasury Inflation Protected Securities narrowed by nearly 1 basis point to 1.45 percent, according to Tradeweb.Copyright Reuters, 2016

Markets - Fixed Income - Americas

JP Morgan announces new 10-year bond, Rabo brings sub NEW YORK: JP Morgan on Thursday announced a new 10-year benchmark US dollar bond, shortly after releasing strong second-quarter earnings that boosted US equity indexes. Sources told IFR that initial price thoughts on the self-led deal were heard in the range of US Treasuries plus 145bp-150bp, with proceeds to be used for general corporate purposes.The senior unsecured notes will be issued at the holding company level of JP Morgan (A3/A-), the largest US bank by ...

Markets - Fixed Income - Americas

Canada new housing prices grow at fastest pace in nearly 9 years OTTAWA: Canadian new home prices in May grew at their fastest pace in almost nine years, soaring 0.7 percent from April on strength in the booming markets of Toronto and Vancouver, Statistics Canada said on Thursday. Analysts polled by Reuters had predicted a 0.2 percent advance. May's increase was the largest since the 1.0 percent jump recorded in July 2007.The Liberal government is concerned about rapidly rising prices in Toronto and Vancouver and is mulling ...