12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Asia

Markets - Fixed Income - Asia

JGBs slip, taking cue from stronger stocks TOKYO: Japanese government bonds mostly slipped on Thursday, taking their cue from stronger stocks after OPEC agreed to cut crude output for the first time since 2008 to support oil prices.The oil output deal helped the Nikkei stock index  end at an 11-month high.The outcome of a sale of 10-year JGBs showed weaker demand than last month's sale, although the results were not as bad as some investors feared, and the benchmark yield came off its earlier highs.The 10-year yield rose half a basis point (bp) to 0.020 percent, down from a session high of 0.035 percent and below last week's nine-month high of 0.045 percent.December 10-year JGB futures ended down 0.06 point at 150.50, above their session low of 150.33.The Ministry of Finance's sale of 2.4 trillion yen ($21.1 billion) of 10-year JGBs with a 0.10 percent coupon drew bids of 3.78 times the amount offered, down from the previous sale's bid-to-cover ratio of 4.35 times.Some 40.6682 percent of the bids ...

Markets - Fixed Income - Asia

JGBs edge down slightly; 10-year sale awaited TOKYO: Japanese government bonds edged down on Wednesday as investors positioned for the next session's 10-year sale.The 10-year yield rose 1 basis point (bp) to 0.020 percent , though it remained shy of a nine-month high of 0.045 percent struck on Friday.December 10-year JGB futures ended down 0.07 point at 150.56.The 20-year yield and the 30-year yield  both climbed 1 bp to 0.450 percent and 0.570 percent, respectively.November JGB trading was marked by upward pressure on yields, tracking U.S. Treasuries, whose prices ...

Markets - Fixed Income - Asia

China's Tianjin city steps up curbs to tighten mortgage lending BEIJING: China's major port city of Tianjin on Monday announced stricter tightening measures to rein in a red-hot property market, by hiking the downpayment ratio for buyers of first and second homes. The ratio has increased to 30 percent for first-home buyers borrowing from banks, versus 20 percent earlier, the central bank branch in Tianjin, near Beijing, the Chinese capital, said in a statement.A higher downpayment, of 40 percent, is required from those with unpaid ...

Markets - Fixed Income - Asia

JGBs rebound as US Treasuries' retreat fades for now TOKYO: Japanese government bond prices rebounded on Monday as U.S. Treasuries stopped their retreat for now, with Tokyo shares snapping a 7-day winning streak to give safe-haven debt some breathing space.Firm results from the Bank of Japan's regular debt-buying operation on nudged JGB yields lower. The central bank bought a total of 710 billion yen ($6.34 billion) of JGBs on Monday.The benchmark 10-year JGB yield fell 2.5 basis points to 0.010 percent, moving away from ...

Markets - Fixed Income - Asia

JGBs slip, super-long bond yields hit 8-month high TOKYO: Japanese Government bonds sagged on Thursday, with the 20- and 30-year bond yields hitting eight-month highs, following a retreat in U.S. Treasuries and on caution ahead of a 40-year JGB auction.Long-dated JGBs came under pressure as a sell-off in U.S. Treasuries showed no sign of abating, with the 10-year U.S. yield hitting a 16-month high.U.S. bonds have been sold on the expectation that U.S. President-elect Donald Trump's policies may boost fiscal spending and lift ...

Markets - Fixed Income - Asia

JGB yield curve steepens as longer maturities track Treasuries TOKYO: Benchmark Japanese government bonds inched up on Monday, while the yield curve steepened as longer maturities tracked sagging global bond prices.The benchmark 10-year JGB yield shed 1 basis point (bp) to 0.025 percent, moving away from a nine-month high of 0.040 percent touched on Friday.December 10-year JGB futures finished up 0.13 point at 150.43.But the 30-year yield climbed 1.5 bps to 0.615 percent, after rising as high as 0.625 percent earlier, its highest since ...

Markets - Fixed Income - Asia

China 50-year finmin bond yield 3.48pc, 3-month bill at 2.1011pc SHANGHAI: China's Ministry of Finance auctioned 19 billion yuan ($2.76 billion) of 50-year bonds and 12 billion yuan of 3-month bills in the interbank market on Friday at an average yield of 3.48 percent and 2.1011 percent, respectively, traders said. For 50-year bonds, the yield was below market forecasts, centered around 3.55 percent and ranged from 3.50 to 3.60 percent.The auction yield came in below Thursday's benchmark secondary market yield of 3.5683 percent for 50-year ...