08242016Wed
Last update: Wed, 24 Aug 2016 11am

Markets - Fixed Income

Markets - Fixed Income - Asia

China home prices rise faster in May as smaller cities join rally HONG KONG: Sizzling home price rises in China's biggest cities showed signs of easing in May but sharp gains appeared to be spreading to smaller cities, making policymakers' job harder as they look to support the faltering economy without inflating bubbles. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest economy, which has been slowing amid weak demand at home and abroad, cooling investment and excess industrial capacity.Average new home prices in 70 major cities climbed 6.9 percent last month from a year ago, accelerating from April's 6.2 percent rise, according to Reuters calculations based on data from the National Statistics Bureau (NBS) on Saturday.The NBS data showed 50 of the 70 major cities it tracks saw year-on-year price gains, up from 46 in April."The average (price) growth of new homes in first-tier cities started to narrow, while it ...

Markets - Fixed Income - Americas

US yields rise as Brexit fears diminish NEW YORK: US benchmark Treasury yields rose on Friday for the first time in nearly two weeks as investors repriced the odds that Britons will vote next week to exit the European Union, and as UK politicians halted campaigning on the referendum following the killing of member of parliament Jo Cox. Cox, a supporter of the campaign for the UK to remain in the EU, was stabbed and shot in her constituency on Thursday and ...

Markets - Fixed Income - Europe

Three euro zone countries to sell bonds in coming week LONDON: Slovakia, Belgium and Germany are the three countries in the euro zone selling bonds next week. On Monday, Slovakia will offer two bonds due in 2023 and 2027. Also on Monday, Belgium is scheduled to auction three bonds maturing in 2026, 2031 and 2038. Germany on Wednesday is due to sell 1 billion euros of 30-year bonds. Copyright Reuters, 2016

Markets - Fixed Income - Asia

JGBs tumble, yields rise off this week's record lows TOKYO: Japanese government bonds skidded on Friday, with yields soaring off record lows notched in the previous session and the superlong tenor bearing the brunt of the selling.The 20-year yield jumped 7.5 basis points to 0.170 after plumbing a record low 0.090 percent on Thursday. The 30-year yield rose 8.5 basis points to 0.230 percent, moving away from a record low 0.150 percent marked in the previous session.The 10-year JGB yield added 5.5 basis points ...

Markets - Fixed Income - Middle East & Africa

Yields on Nigeria's local-currency bonds rise at auction LAGOS: Yields on Nigeria's naira-denominated bonds rose across the board at an auction on Wednesday, where about 112 billion naira ($563 million) worth of paper maturing in 2036, 2026 and 2020 was sold, the Debt Management Office (DMO) said on Thursday. The office said it had sold 50 billion naira of 2036 paper at 14.98 percent at Wednesday's auction, compared with 13.90 percent at the previous auction last month. It also sold 40 billion naira ...

Markets - Fixed Income - Middle East & Africa

Mauritius 4-year central bank note yield rises to 3.84pc PORT LOUIS: The weighted yield on a four-year Bank of Mauritius bond rose to 3.84 percent at auction on Thursday from 3.70 percent at the last sale on May 23, the central bank said. The bank sold all the 1.5 billion rupees ($42.40 million)worth of the debt it had offered. Bids received amounted to 1.965 billion rupees at yields ranging from 3.50 percent to 4.25 percent. The bond will mature on June 17, 2020, and ...

Markets - Fixed Income - Asia

JGBs off session highs after BOJ holds policy steady TOKYO: Japanese government bond yields edged away from record lows hit earlier in the session on Thursday, after the Bank of Japan decided not to expand its massive stimulus programme.The BOJ held monetary policy steady as expected at the conclusion of its two-day meeting, lifting the yen and sending Tokyo stocks down 2 percent.The central bank maintained its negative interest rate policy adopted in February, which has pushed yields on most JGBs below zero. Most ...