09302016Fri
Last update: Fri, 30 Sep 2016 06am

Markets - Fixed Income

Markets - Fixed Income - Americas

Bids for US T-bills weakest since 2009 NEW YORK: Demand at the latest auctions of US three-month and six-month Treasury bills on Monday fell to its lowest level in about seven years due to increased supply and relatively low interest rates they offered in investors. The ratio of bids to the amount of three-month Treasury bills offered was 2.98, which was the weakest since July 2009, while this gauge of demand at the six-month T-bill auction was 3.07, the lowest since June 2009, according to Treasury data.Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGBs mixed, 20-year yield hits record low as superlongs outperform TOKYO: Benchmark Japanese government bonds slipped on Tuesday but inched off session lows after a solid 10-year auction, while strength in the superlong zone shaved the 20-year yield down to a record low.The Ministry of Finance offered 2.4 trillion yen ($23.50 billion) of 10-year JGBs with a 0.10 percent coupon.The notes sold at a lowest price of 103.47, and drew bids of 3.64 times the amount offered, indicating solid demand though falling a bit short ...

Markets - Fixed Income - Europe

Italian yields rise as post-Brexit slide in euro zone borrowing costs halts LONDON: Italian government bonds rose on Monday as worries about the country's banks and some 20 billion euros of issuance in the region this week combined to brake a post-Brexit tumble in regional borrowing costs. Italy's banking sector is saddled with 360 billion euros of bad loans, a third of the euro zone total, and recent market turmoil has raised concern it might be hard for Italian lenders to raise capital in the market without ...

Markets - Fixed Income - Europe

Poland says plans to convert OFE pension funds into mutual funds WARSAW: Poland plans to convert state-guaranteed OFE private pension funds into mutual investment funds that will manage 103 billion zlotys ($26 billion) worth of assets, economy minister Mateusz Morawiecki said on Monday. The remaining 35 billion zlotys now held by the OFE pension funds are to be transferred to the state-run demographic reserve fund, Morawiecki said.Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGB yields rise from record lows ahead of auction TOKYO: Japanese government bond prices firmed on Monday following solid gains in their U.S. counterparts late last week, with two-, five- and 20-year yields hitting record lows before the market gave up gains ahead of a 10-year JGB auction later this week.The 20-year JGB yield fell to as low as 0.035 percent , before stepping back to 0.045 percent, up 0.5 of a basis point from Friday.The five-year yield fell to a record low of ...

Markets - Fixed Income - Europe

Spain to issue bonds due 2021, 2024, 2025 and 2030 on Thursday MADRID: Spain plans to issue bonds due 2021, 2024, 2025 and 2030 at the next scheduled bond auction on Thursday, the Treasury said on Friday. The 2024 bond is inflation linked and is due November 30 of that year with a 1.8 percent coupon. The other bonds are due July 30, 2021, with a 0.75 percent coupon, July 30, 2025, with a 4.65 percent coupon and July 30, 2030, with a 1.95 percent coupon. The ...

Markets - Fixed Income - Europe

Greece to auction 1.25bn euros of 6-month T-bills on July 6 ATHENS: Greece will sell 1.25 billion euros ($1.39 billion) of six-month treasury bills on July 6 to refinance a maturing issue, debt agency PDMA said on Friday. Athens successfully rolled over six-month T-bills last month, with the paper priced to yield 2.97 percent. In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills will be July 8. Only primary dealers ...