12082016Thu
Last update: Thu, 08 Dec 2016 05am

Asia

Markets - Fixed Income - Asia

JGBs post biggest fall under BOJ's new policy as Treasuries tumble TOKYO: Japanese government bond prices tumbled on Thursday following the plunge in US Treasuries, with the benchmark JGB futures posting their biggest fall since the Bank of Japan started soft-peg of long-term bond yields in September.US bond prices dropped on Wednesday as expectations that US President-elect Donald Trump's policies, such as fiscal expansion and protectionism on international trade, will stoke inflation.The 10-year JGB yield hit a 1-1/2-month high of minus 0.035 percent from minus 0.080 percent, while the price of the benchmark 10-year JGB futures fell 0.40 point to 151.55.It was the biggest daily fall since Sept. 21, the day the BOJ announced its current policy to guide the 10-year yield around zero percent.Yet, given the BOJ's tight grip on the market, moves in JGBs were dwarfed by huge swings in the US bond market.The 10-year US Treasuries yield shot up to a 10-month high of 2.092 percent from a ...

Markets - Fixed Income - Asia

JGB prices firm, though reaction to Trump vote muted TOKYO: Japanese government bond prices edged up on Wednesday against a backdrop of global market turmoil as Republican Donald Trump took an unexpected lead in the U.S. presidential election.The prospect of a Trump victory sent many investors into risk aversion mode, triggering shock waves across risk assets. Japan's Nikkei stock index plunged 5.4 percent.JGB moves were miniscule by comparison. The 10-year JGB yield edged down 1 basis point (bp) to minus 0.080 percent after falling ...

Markets - Fixed Income - Asia

Taiwan sells 10-year govt bonds at 1.018pc yield, above f'cast TAIPEI: Taiwan auctioned T$30 billion ($952 million) in 10-year government bonds at a yield of 1.018 percent, the central bank said on Tuesday. A yield of between 0.955 percent and 0.975 percent had been forecast in a Reuters poll. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs gain as 10-year debt auction draws firm demand TOKYO: Japanese government bond prices turned higher on Tuesday as the market took heart from firm investor demand at a 10-year debt auction.The 10-year JGB yield was down a basis point at minus 0.065 percent after edging up to minus 0.050 percent earlier in response to an overnight fall in the price of U.S. Treasuries.December 10-year JGB futures edged up 0.02 point to 151.80.The bid-to-cover ratio, a gauge of demand, at Tuesday's 2.4 trillion yen ...

Markets - Fixed Income - Asia

JGBs edge down after FBI moves boost optimism on Clinton TOKYO: Japanese government bond prices fell on Monday after the FBI said it stood by its earlier recommendation that no criminal charges were warranted against Democrat Hillary Clinton, boosting expectations of her victory in the upcoming election.The FBI's move boosted risk assets and dented the attraction of safe-have instruments such as government bonds, ahead of Tuesday's U.S. elections.The 10-year JGB yield rose 1.0 basis point to minus 0.055 percent, while the 20-year yield rose 1.5 ...

Markets - Fixed Income - Asia

JGBs firm as investors wary over Fed, US election TOKYO: Japanese government bonds rose on Wednesday as risk appetite waned among investors on signs that the US presidential race was tightening just days ahead of the Nov. 8 vote.Caution prevailed ahead of the conclusion of a US Federal Reserve policy meeting later in the day, expected to set the stage for a rate hike in December, and a Japanese public holiday on Thursday. The Nikkei stock index ended down 1.8 percent at a two-week ...

Markets - Fixed Income - Asia

JGBs edge up, futures log lowest monthly volume since 2002 TOKYO: Japanese government bonds mostly edged slightly higher on Monday, while JGB futures marked their lowest monthly trading volume in nearly 14 years for the first full month of the Bank of Japan's latest easing strategy of yield curve control.The BOJ began a two-day policy meeting on Monday, at which it is widely expected to hold policy steady. BOJ Governor Haruhiko Kuroda has recently suggested that there will be no further stimulus measures from the ...