05262016Thu
Last update: Thu, 26 May 2016 05pm

Asia

Markets - Fixed Income - Asia

JGBs eases as stocks surge, wary ahead of G7 and sales tax decision TOKYO: Japanese government bonds edged lower on Wednesday as buoyant stocks undermined bond market sentiment.The Nikkei stock index climbed 1.6 percent to its highest close since April 27 as the yen weakened and as upbeat U.S. data suggested the economy may be resilient enough to absorb an interest rate hike expected as soon as June.Investors were also wary of taking aggressive positions ahead of a two-day Group of 7 leaders' summit in Japan that begins on Thursday.In the week after the summit, the Japanese government is widely expected to clarify whether it will proceed with a sales tax hike in April, or confirm widespread expectations that it will delay it to avoid a shock to the ailing economy.Japanese Finance Minister Taro Aso said on Wednesday he told his G7 counterparts at a finance leaders' meeting last week that his country will proceed with the scheduled sales tax hike next year.But ...

Markets - Fixed Income - Asia

JGBs little changed, investors uncertain over fiscal policy TOKYO: Japanese government bond prices were little changed on Monday, staying comfortably near the middle of their recent trading ranges that partly reflected investor uncertainty over domestic economic policies. The 10-year JGB yield stood flat at minus 0.105 percent . It has moved between minus 0.135 and 0.080 percent for more than a month.The 20-year yield rose 0.5 basis point to 0.260 percent. The 10-year JGB futures price added 0.04 point to 151.79 in thin ...

Markets - Fixed Income - Asia

JGBs slip on fears of Fed rate hike in June, 10-yr yield at 3-week high TOKYO: Japanese government bond prices slipped on Thursday, tracking falls in U.S. Treasuries after minutes from the Federal Reserve's April meeting showed most policymakers said an interest rate rise may be appropriate at its meeting in June.The price of 10-year JGB futures fell 0.31 point, the biggest fall since April 27, to a three-week low of 151.52.The yield on the cash 10-year JGB futures rose 3.0 basis points to minus 0.075 point, a three-week high.The ...

Markets - Fixed Income - Asia

Chinese pouring billions into US real estate WASHINGTON: Chinese nationals became the largest foreign buyers of US homes last year as they pour billions into American real estate, seeking safe offshore assets, according to a new study Sunday.A huge surge in Chinese buying of both residential and commercial real estate last year took their five-year investment total to more than $110 billion, according to the study from the Asia Society and Rosen Consulting Group.The sheer size of that total has helped the ...

Markets - Fixed Income - Asia

China property investment keeps up a solid pace in April SHANGHAI: China's real estate investment in April kept pace with the previous month, as developers continued to start projects in response to surging home sales, which are giving a much-needed boost to the slowing economy. Property investment rose 9.7 percent in April from a year earlier, according to Reuters calculations based on data from the National Bureau of Statistics (NBS) on Saturday, the same rate as in March.The bureau said new construction starts in the ...

Markets - Fixed Income - Asia

Indonesia sells $463mn of bonds at auction, half of target JAKARTA: Indonesia sold 6.15 trillion rupiah ($463 million) worth of bonds at an auction on Tuesday, half of the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The three month T-bill had a weighted average yield of 5.65680 percent while the one-year T-bill had a weighted average yield of 6.23143 percent.The weighted average yield for bonds maturing in July 2021 was 7.49823 percent, higher than the 7.38887 percent ...

Markets - Fixed Income - Asia

China says risk in bonds of big state-owned firms 'controllable' SHANGHAI: China's state asset manager, in the wake of increasing debt defaults have rattled Chinese markets, on Friday called risk in bonds issued by central government-owned firms "controllable". The State-owned Assets Supervision and Administration Commission (SASAC) said it made the conclusion after a detailed probe into all bonds issued by such enterprises.The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April sought suspension of trade in 16.8 billion yuan ($2.60 billion) ...