08302016Tue
Last update: Tue, 30 Aug 2016 06pm

Asia

Markets - Fixed Income - Asia

JGB futures edge up after firm liquidity-enhancing auction TOKYO: Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction. September 10-year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.The finance ministry sold 500 billion yen ($4.98 billion) of off-the-run JGBs on Thursday in a regular auction designed to enhance liquidity in the market.The benchmark 10-year JGB yield was unchanged at minus 0.085 percent.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

China 10-year Dec treasury futures price down most in 3 months SHANGHAI: The price of Chinese 10-year treasury futures for December delivery fell 0.38 percent on Tuesday, the most in more than 3 months, after the central bank queried banks about demand for 14-day reverse repos for the first time since February. Industry sources said that aside from market liquidity, ongoing worries about leverage and regulation were affecting sentiment.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

South Korea treasury bond issuance in 2017 to be less than this year SEOUL: South Korea's treasury bond issuance next year is likely to be less than the amount planned for this year thanks to tax revenue exceeding estimates, finance ministry officials told Reuters on Monday. "Next year's debt-financing bond issuance will be much less than this year's, resulting in an overall smaller treasury bond issuance in 2017 as tax collection has been good," said a finance ministry official, who declined to be named.This year, 41.4 trillion won ...

Markets - Fixed Income - Asia

China money rates slip on week, Treasury yields rise from 7-year lows SHANGHAI: China's primary money rates fell this week, but Treasury yields rose from seven-year lows as investors took profits from bonds' recent rally.The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity in China, was 2.2555 percent, down seven basis points (bps) on the week.The central bank kept short rates steady this week with its second consecutive net fund injection through open markets.After touching ...

Markets - Fixed Income - Asia

JGBs lifted by weaker Nikkei, steady 5-year auction TOKYO: Japanese government bond prices rose on Thursday, lifted by a weaker Nikkei and firmer U.S. Treasuries.The debt market was also buoyed after it witnessed steady investor demand at an auction for five-year government bonds.The benchmark 10-year JGB yield was down half a basis point at minus 0.090 percent and the 30-year yield slipped 1.5 basis points to 0.340 percent.The bid-to-cover ratio, a gauge of demand, at the 2.4 trillion yen ($24 billion) five-year sale ...

Markets - Fixed Income - Asia

China home prices rise 7.9pc y/y in July BEIJING: Average new home prices in China's 70 major cities rose 7.9 percent in July from a year earlier, an official survey showed on Thursday. That compared with a 7.3 percent increase in June.Home prices in Shenzhen and Xiamen had the biggest surge, rising 40.9 percent and 39.2 percent, respectively, from a year ago.The booming property market has been a key driver of China's economic growth in the first half of the year as weak ...

Markets - Fixed Income - Asia

JGBs mostly gain as strong 30-year sale pulls yields off highs TOKYO: Japanese government bonds mostly firmed on Tuesday as a strong 30-year auction reassured investors' fears about demand in the wake of last week's selloff.The benchmark 10-year JGB yield fell 2.5 basis points to minus 0.080 percent, down from an earlier high of minus 0.030 percent. September 10-year futures were up 0.35 point at 151.53 in afternoon trading after rising as high as 151.56 soon after the auction results were released.The Ministry of Finance offered ...