Markets - Fixed Income
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LONDON: Spain's 5.03 billion euro bond auction on Thursday showed lower borrowing costs and plenty of willing buyers, despite renewed concerns about peripheral euro zone debt following Italy's inconclusive elections.The Treasury sold 2.435 billion euros of 2023 bonds at a yield of 4.917 percent, down from 5.2 percent in February with a bid/cover ratio of 2.3, above the 1.6 seen last time round.Yields were 3.572 percent and 2.632 percent respectively on the 2018 and 2015 bonds on offer, also lower than at the previous auction. The bid cover on the 2018 bond was 2.3, slightly below the average this year of 2.4, while the 2015 bid cover was 4.9, up from 2 at the previous sale in January.Copyright Reuters, 2013
SINGAPORE: US 10-year Treasuries edged higher in Asia on Thursday, but their gains were limited after better-than-expected private sector jobs data the previous day provided a hopeful sign for the US economy.Ten-year Treasuries edged up about 1/32 in price to yield 1.934 percent. The 10-year yield was not very far from Wednesday's peak of 1.944 percent, its highest level in more than a week.Trading volumes were light in Asia with investors focusing on Friday's nonfarm ...
TOKYO: Long-dated Japanese government prices inched higher on Friday, with the 30-year yield hitting a seven-month low, as pension funds looked to extend the duration of their portfolios.Expectations that the Bank of Japan will adopt bold monetary easing also supported the market, although gains were capped after Tokyo's Nikkei share average reversed earlier losses and traded higher.The 30-year yield slipped 4.5 basis points to 1.765 percent after dropping at one point to 1.750 percent, a ...
MUMBAI: Indian government bonds fell to their lowest in more than two weeks on Thursday after the finance ministry announced a gross market borrowing target that was well above expectations, dashing hopes of reduced debt supply.The government is planning to borrow 6.29 trillion rupees in the fiscal year starting April, higher than the 5.58 trillion rupees for the current fiscal year, according to the budget unveiled by Finance Minister P. Chidambaram.That was higher than market ...More Articles...
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