02142016Sun
Last update: Sun, 14 Feb 2016 10am

Asia

Markets - Fixed Income - Asia

JGBs rise after BOJ extends portfolio duration TOKYO: Japanese government bond prices rose on Friday, with the longer zones outperforming after the Bank of Japan said it plans to increase the average remaining maturity of its JGB holdings. The BOJ kept intact its policy target of increasing base money - or cash and deposits in circulation - at an annual pace of 80 trillion yen ($655 billion), and said it would extend the average remaining maturity of its JGB purchases to about 7-12 years from the beginning of next year, from its current target of about 7-10 years.The central bank also decided to expand the range of assets it purchases, in a move it referred to as "supplementing" its massive asset purchase programme."Companies and households are shifting away from their deflationary mindset under our quantitative and qualitative easing (QQE) programme," the BOJ said in a statement announcing the decision."There are many companies that are actively spending on ...

Markets - Fixed Income - Asia

Sri Lankan rupee hits record low on year-end payments, importer dollar demand COLOMBO: The Sri Lankan rupee hit a record low on Monday due to dollar demand from importers and for dividend payouts by multinational firms, dealers said. The rupee fell 0.35 percent to 143.65 per dollar during the day, extending its decline from the previous record trough of 143.40 hit on Friday. The currency ended at 143.60/80 per dollar compared with Friday's close of 143.35/40. "Some companies bought dollars to pay dividend and for other payments," ...

Markets - Fixed Income - Asia

China November investment growth unchanged at 10.2pc BEIJING: China's fixed-asset investment growth was flat at 10.2 percent year-on-year in the January-November period, slightly beating market expectations.Analysts polled by Reuters predicted investment growth would come in at 10.1 percent, compared with 10.2 percent posted the prior month. Industrial output growth quickened to 6.2 percent in November, the National Bureau of Statistics said on Saturday, surprising analysts who expected a rise of 5.6 percent on an annual basis, from the same level of growth ...

Markets - Fixed Income - Asia

China Nov property investment slows further, sales improve BEIJING: Annual growth in real estate investment in China slowed further in November even though sales improved slightly, official data showed on Saturday, suggesting persistent weakness in the property market could undermine a fragile economic recovery.Property investment, a crucial driver of the economy, grew 1.3 percent in the first 11 months of 2015 from a year earlier, slowing from an increase of 2.0 percent in January-October, data from the National Bureau of Statistics(NBS) showed. That ...

Markets - Fixed Income - Asia

Indonesia to sell euro bonds in 1H 2016 JAKARTA: Indonesia plans to issue euro bonds in the first half of 2016, a senior finance ministry official said on Monday.Robert Pakpahan, director general of budget financing and risk management, did not disclose the value of the planned euro bond. Earlier this month, Indonesia raised $3.5 billion in its second global bond issuance in 2015.It said it will use the money as pre-funding for the 2016 state budget for Southeast Asia's largest economy.Copyright Reuters, 2015 ...

Markets - Fixed Income - Asia

India bonds rally on central bank's debt-purchase plan MUMBAI: The Indian central bank's unexpected $1.50 billion debt-purchase announcement sent bonds rallying on Thursday, with traders saying it will relieve tight cash conditions in the banking system and signals an effort to push down yields.The Reserve Bank of India (RBI) late on Wednesday said it would buy bonds worth up to 100 billion rupees ($1.50 billion) via open market operations (OMO).On Thursday, the benchmark 10-year bond yield fell as much as 6 basis points ...

Markets - Fixed Income - Asia

JGBs flat, fail to sustain early gains on soft US data TOKYO: Japanese government bond prices were mostly flat on Wednesday as initial buying following soft US manufacturing data lost steam, with many investors unwilling to chase the market higher near record levels.Ten-year JGB futures ended flat at 148.56. They had risen earlier to 148.66, near a record high of 148.67 touched in January. A closely-watched gauge of US manufacturing showed the sector contracted for the first time in three years.The yield on the cash 10-year ...