Markets - Fixed Income
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TOKYO: Yields on benchmark 10-year Japanese government bonds slipped to a near-decade low for a second day in a row on Friday after new Bank of Japan chief reinforced expectations the central bank would buy longer-term assets to combat deflation.Concerns over Cyprus after the European Union gave the island till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system also helped push JGB yields lower.Haruhiko Kuroda said in his inaugural press briefing that the BOJ is ready to use all means available, including buying longer-term assets, to achieve its 2 percent inflation target.His comments supported market expectations that the central bank will expand stimulus at its next scheduled policy-setting meeting on April 3 and 4."Kuroda's comment at his inaugural press conference has probably a larger impact on the JGB yield curve," said Naomi Muguruma, senior fixed-income strategist ...
ISTANBUL: Turkish bonds yields inched up on Thursday, helped by speculation the central bank will shy away from another cut in interest rates at its meeting next week.Shares in one of the world's more robust emerging economies edged higher, outperforming peers, but the lira fell, largely due to the broadly negative tone to European markets due to concerns over Cyprus.The yield on the two-year bond edged up to 6.21 percent from Wednesday's close at 6.18 ...
TOKYO: Yields on benchmark 10-year Japanese government bonds fell to a near-decade low on Thursday, driven by strong expectations that new central bank chief Haruhiko Kuroda will buy more bonds as part of a bold easing policy to pull Japan out of deflation."Many investors do not want to hold cash before BOJ eases aggressively," said Tadashi Matsukawa, head of Japan fixed income at PineBridge Investments.Kuroda, who officially became the Bank of Japan Governor on Wednesday, ...
LONDON: British government bonds reversed their underperformance versus Bunds after the plan for gilt sales in 2013/14 undershot forecasts and a new remit for the Bank of England raised chances it would buy more gilts.British debt lagged German paper early in the session after minutes of the BoE's latest meeting showed policymakers were no closer to backing additional asset purchases this month than last.However, gilts recovered their footing after finance minister George Osborne announced a ...
LONDON: US bonds fell on Wednesday as investors took profit on a recent rally before the outcome of the Federal Reserve meeting but concerns over Cyprus's ability to avoid default should limit selling.Cyprus came closer to default after its parliament rejected an unprecedented levy on bank deposits which was a pre-condition for them receiving a bailout.US Treasuries rose in the previous session, with analysts saying markets had already been pricing in that the controversial legislation ...
LONDON: Italian and Spanish government bond yields jumped on Monday after the euro zone asked Cyprus to enforce a levy on bank savings in exchange for a bailout.Italian 10-year yields were last 13 basis points higher at 4.73 percent, while Spanish 10-year yields rose 15 basis points to 5.08 percent. Equivalent Portuguese yields were 16 bps up at 6.16 percent.Copyright Reuters, 2013 More Articles...
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