Asia
Thursday, 18 April 2013 13:47
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TOKYO: Japanese government bond prices rose on Thursday, getting a lift from a downturn in investors' appetite for risk and relief from a smooth sale of 1.2 trillion yen worth of 20-year debt.On Wednesday evening, the Bank of Japan held its second meeting with JGB market participants to discuss its new monetary policy framework unveiled on April 4, under which it will double its bond purchases in two years in a bid to defeat deflation.A senior BOJ said after the meeting that the central bank will consider increasing the frequency of its purchases of long-term JGBs in response to dealers' concerns about market distortions."The market is much calmer today," said Tomohiro Miyasaka, a fixed-income analyst at Credit Suisse Securities."It was not just the auction results, which were in line with our expectations, but also yesterday's BOJ meeting with JGB dealers at which the possibility of more frequent purchases of long-term ...
ISTANBUL: Turkish two-year bond yields were steady and the lira firmed slightly ahead of a central bank meeting on Tuesday at which it is expected to cut its main policy rate.By 1456 GMT, the yield on the two-year benchmark bond stood at 5.75 percent, little changed from a close of 5.73 percent on Friday and trading in a narrow band.Expectations of a cut in rates at Tuesday's meeting, allied to hopes of further improvement in ...
MUMBAI: India's 10-year bond yield dropped to 1-1/2 month lows while near-end swap rates slid to 2-year lows after lower-than-expected core wholesale inflation data cemented expectations the central bank will cut interest rates in the May 3 policy review.Investors had already anticipated the Reserve Bank of India would ease monetary policy for a third time this year after data last week showed industrial output data barely growing and retail inflation edging towards single-digits.Prospects of RBI ...
TOKYO: US 10-year Treasuries edged higher on Friday, with no more supply ahead this week after the conclusion of the last of three US debt sales.Thursday's sale of $13 billion of 30-year bond sale met lukewarm demand. Data from this week's $66 billion in longer-dated supply suggested no special buying interest from Japanese institutions and funds, who many expect to increase foreign bond-buying from now after the Bank of Japan said last week it will ...
JAKARTA: Indonesia's finance ministry sold $1.5 billion each of 10-year and 30-year global dollar bonds at a debt auction, a finance ministry official said on Tuesday.The yield on the 10-year global bond was 3.500 percent, while the 30-year yield was 4.750 percent, said Robert Pakpahan, the head of finance ministry's debt office.Copyright Reuters, 2013 ...
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