01242017Tue
Last update: Tue, 24 Jan 2017 03am

Asia

Markets - Fixed Income - Asia

Two China real estate consultancies halt monthly home price data BEIJING: At least two major Chinese private providers of home price data have stopped publishing the figures, at a time when economists are split whether the red-hot property market will remain a driver of the economy in 2017. The China Index Academy, a unit of US-listed Fang Holdings , has stopped distributing monthly housing price index data for 100 cities that it usually issued at the start of the month.The academy told Reuters on Friday it had suspended distribution indefinitely, without giving a reason for the suspension."I don't know who exactly is making the order, and it's not mandatory," said a source with knowledge of the matter, who declined to be identified as the topic is a sensitive one.Home price data from private providers tends to show sharper increases than official data from the National Bureau of Statistics (NBS), which publishes monthly and annual percentage changes in 70 major cities.New-home ...

Markets - Fixed Income - Asia

JGBs gain as Tokyo stocks sag, Treasuries rise TOKYO: Japanese government bond prices gained slightly on Thursday, supported by a rise in Treasuries and as Tokyo stocks retreated to two-week lows following U.S. President-elect Donald Trump's news conference.The benchmark 10-year JGB yield was down half a basis point at 0.050 percent and the 40-year yield declined 1 basis point to 0.890 percent.The Bank of Japan also conducted a regular debt-buying operation on Thursday and supported longer-dated JGBs.Prices on Treasuries rose with yields falling ...

Markets - Fixed Income - Asia

Sri Lanka to issue $1.5bn of development bonds in 2017 COLOMBO: Sri Lanka's Cabinet has approved the issuance of $1.5 billion worth of development bonds in 2017 to strengthen the government's borrowing programme, an official said on Wednesday. "The proposal made by Ravi Karunanayake, minister of finance, to issue Sri Lanka development bonds of 1,500 million dollars to strengthen the governments borrowing programme 2017 was approved by the cabinet of ministers," cabinet spokesman Gayantha Karunatileka told reporters.Sri Lanka's economy is still recovering from a debt ...

Markets - Fixed Income - Asia

JGBs lifted by stronger Treasuries, BOJ's buying operation TOKYO: The Japanese government bond prices rose on Friday, lifted by overnight gains in US Treasuries and a debt-buying operation by the Bank of Japan. The 20-year JGB yield and the 30-year yield both fell by 1.5 basis points to 0.595 percent and 0.745 percent, respectively.The benchmark 10-year yield stood flat at 0.055 percent amid caution towards the US non-farm payrolls report due later in the day.The BOJ purchased 410 billion yen ($3.54 billion) of ...

Markets - Fixed Income - Asia

India bonds yields fall to near one-month low as govt cuts borrowing MUMBAI: Indian bonds rallied on Tuesday, with yields falling to the lowest levels in nearly a month, after the government reduced the amount of bond sales in January and February after a recent surge in inflows into a government-run deposits scheme. The government will sell 660 billion rupees ($9.69 billion)in debt in January and February, the central bank said in a statement on Monday, or 180 billion rupees less than previously budgeted.The reduced borrowing had ...

Markets - Fixed Income - Asia

China's yuan suffers biggest one-year loss since 1994 SHANGHAI: China's yuan strengthened against the dollar on Friday, but was on track for its biggest annual loss since 1994, which would make it the worst performing major Asian currency this year.The yuan, which has reached an 8-1/2 year low, was on course to shed nearly 7 percent against the dollar in 2016.Many market watchers expect the yuan to recoil further next year if President-elect Donald Trump's policies stoke stronger US economic growth and higher ...

Markets - Fixed Income - Asia

JGBs firm as investors await BOJ's January purchase plans TOKYO: Japanese government bonds firmed on Thursday, getting a lift from stronger U.S. Treasuries, as investors geared up for the long New Year's holiday and awaited details of the Bank of Japan's purchase plans for next month.The benchmark 10-year yield edged down 1 basis point (bp) to 0.045 percent, while 10-year JGB futures ended up 0.31 point at 150.25.A well-bid 5-year U.S. note auction on Wednesday helped push benchmark U.S. Treasury yields to their lowest ...