02102016Wed
Last update: Wed, 10 Feb 2016 01pm

Asia

Markets - Fixed Income - Asia

Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield of the six-month Islamic t-bill was 6.26562 percent, lower than 6.83594 percent at the last sale on Jan. 26. The project-based sukuk maturing in January 2018 had a weighted average yield of 8.11879 percent, lower than 8.44990 percent. The weighted average yields at Tuesday's auction for the project-based sukuk maturing in September 2020 and August 2023 were 8.21733 percent and 8.49921 percent respectively, lower than the 8.53996 percent and 8.83990 percent yields on Jan. 26. The project-based sukuk maturing in November 2031 had a weighted average yield of 8.73996 percent, lower than the previous auction's 9.03693 percent. Total incoming bids on Tuesday were 14.83 trillion rupiah, higher than 13.65 trillion rupiah at the ...

Markets - Fixed Income - Asia

Japan 10-year bond yield goes negative for first time TOKYO: The yield on Japan's 10-year government bond dropped below zero Tuesday, in a first for a G7 country as panicked investors flee a bloodbath on equity markets.The note's effective return slipped to -0.005 percent in the afternoon, continuing a downtrend sparked by the Bank of Japan's surprise move last month to slap a negative interest rate on some commercial lenders' deposits.Before the unexpected decision, Japan's 10-year bond was paying a yield of about 0.2 ...

Markets - Fixed Income - Asia

Indonesia sells 15 trillion rupiah of bonds at auction, above target JAKARTA: Indonesia's finance ministry sold 15 trillion rupiah ($1.10 billion) worth of bonds at an auction on Tuesday, above the indicative target of 12 trillion rupiah.Total incoming bids were 34.64 trillion rupiah.The highest bid-to-cover ratio was 3.82 for the three-month T-bills.Following are results of the auction. Bids are in trillions of rupiah, yields are in percent. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGB yields tumble, yields negative up to almost 9 years TOKYO: Japanese government bond prices soared on Monday as the Bank of Japan's surprise introduction of negative interest rates last week drove yields for up to almost nine years below zero.The two-year yield fell as much as 8.0 basis points to minus 0.160 percent while the five-year notes yield dropped to minus 0.110 percent, both record lows.The 10-year yield also fell to a record low of 0.050 percent , though the sector was an underperformer ...

Markets - Fixed Income - Asia

China new home prices up in January BEIJING: China's new home prices increased in January for the sixth straight month, a survey showed Monday, positive news for the key sector following a series of stimulus measures aimed at boosting lending. The gains come as authorities have sought to stabilise China's property market -- a main driver of the world's second-largest economy -- and rolled out new measures intended to encourage migrant workers to buy homes in the cities where they work.The average ...

Markets - Fixed Income - Asia

JGBs edge down but solid 2-year sale supports TOKYO: Japanese government bonds mostly edged down on Thursday as investors awaited the outcome of the Bank of Japan's two-day meeting that began this session, though a solid sale of 2-year JGBs limited losses.The Ministry of Finance offered 2.5 trillion yen ($21.08 billion) of 2-year notes with a 0.100 percent coupon, matching that of the current issue.The sale produced a lowest accepted price of 100.23. The bid-to-cover ratio, a gauge of demand, improved to 4.84 ...

Markets - Fixed Income - Asia

JGBs steady as investors await Fed, BOJ meetings TOKYO: Japanese government bonds were steady on Wednesday on the eve of the Bank of Japan's policy meeting, with month-end buying lifting the superlong zone and offsetting any impact from rallying equities.The BOJ will begin its two-day meeting on Thursday, and some investors speculate that policymakers might muster some more monetary easing steps. While the central bank would prefer to hold back, people familiar with the BOJ's thinking say that recent global market volatility could ...