09282016Wed
Last update: Wed, 28 Sep 2016 04am

Asia

Markets - Fixed Income - Asia

JGBs mostly higher as decent 40-year auction soothes nerves TOKYO: Japanese government bonds mostly rose on Tuesday as investors were reassured by the outcome of a 40-year sale - the first major bond auction since the Bank of Japan adopted a new policy focus last week.The benchmark 10-year JGB yield shed 1.5 basis points (bps) to minus 0.080 percent, its lowest since Sept. 8.December 10-year futures ended up 0.29 point at 152.15.The BOJ said last week that it will shift the focus of its monetary policy framework to controlling the yield curve by actively keeping the 10-year yield at around zero percent.The aim of the move is to push down short- to medium-term borrowing costs while allowing for a natural rise in super-long yields.While the BOJ also pledged to maintain the pace of its massive bond buying for now, many traders suspect it will have to start scaling back purchases soon or risk creating further distortions in the market.The ...

Markets - Fixed Income - Asia

Caution on US politics dents Asia FX; Philippine peso at 7-year low SINGAPORE: Most emerging Asian currencies slumped on Monday as risk sentiment soured with a market focus shifting to Washington politics ahead of the first debate between Democrat candidate Hillary Clinton and Republican Donald Trump.The Philippine peso hit a seven-year low in heavy trading as importers' dollar demand added to downward pressure stemming from stock outflows.Malaysia's ringgit fell as doubts that there will be an oil production deal among OPEC producers underscored concerns over the country's ...

Markets - Fixed Income - Asia

JGB yields rise after BOJ surprises with 0pc target for 10-year bonds yield TOKYO: Japanese government bond yields rose on Wednesday after the Bank of Japan surprised markets by saying it would aim to guide the 10-year bond yield to around zero percent as part of an overhaul of its policy framework.The benchmark 10-year JGB yield rose to as high as plus 0.005 percent, rising to a positive level for the first time since mid-March.It last stood at minus 0.035 percent, up 2.5 basis points on the day, ...

Markets - Fixed Income - Asia

Long-dated JGBs gain on short-covering ahead of BOJ TOKYO: Long-dated Japanese government bond prices rose on Tuesday as traders covered their short positions ahead of a crucial Bank of Japan policy meeting and following solid results of the BOJ's buying operation.The yield on the 20-year JGBs dropped as much as 5.0 basis points to 0.400 percent, hitting its lowest level in nearly two weeks.Long-dated JGB yields have been soaring since the BOJ's last policy meeting in late July on growing expectations that the ...

Markets - Fixed Income - Asia

JGB yields up slightly across curve ahead of BOJ, long weekend TOKYO: Japanese government bond yields rose slightly on Friday across the yield curve as market players squared their positions ahead of a long weekend and the Bank of Japan's policy review next week.The benchmark 10-year JGB yield rose 1.0 basis point to minus 0.035 percent, though it was down 1.5 basis points on the week.Yields on shorter maturities rose, stepping back from six-week lows touched earlier this week.The short-term yields had dropped on expectations that ...

Markets - Fixed Income - Asia

JGB yield curve steepens sharply on BOJ talk ahead of auction TOKYO: Yield curves for Japanese government bonds steepened on Monday on speculation that the Bank of Japan will change its policy and as traders took positions ahead of a 20-year JGB auction later in the week.The 30-year JGB yield rose to as high as 0.555 percent , its highest level since late March and last stood at 0.550 percent, up 4.0 basis points.The 20-year yield hit a six-month high of 0.475 percent while the 40-year ...

Markets - Fixed Income - Asia

JGBs slip after BOJ's Nakaso follows Kuroda in admitting policy costs TOKYO: Japanese government bond prices slipped on Thursday after Bank of Japan Deputy Governor Hiroshi Nakaso fanned expectations the BOJ may modify its massive stimulus in a policy review planned later this month.The 10-year JGB yield rose 2.0 basis points to minus 0.040 percent, jumping back from one-week low of 0.070 percent touched earlier in the session.Nakaso largely followed the line similar to speech by BOJ Governor Haruhiko Kuroda earlier this week, acknowledging that the ...