01172017Tue
Last update: Tue, 17 Jan 2017 10pm

Asia

Markets - Fixed Income - Asia

China's Tianjin city steps up curbs to tighten mortgage lending BEIJING: China's major port city of Tianjin on Monday announced stricter tightening measures to rein in a red-hot property market, by hiking the downpayment ratio for buyers of first and second homes. The ratio has increased to 30 percent for first-home buyers borrowing from banks, versus 20 percent earlier, the central bank branch in Tianjin, near Beijing, the Chinese capital, said in a statement.A higher downpayment, of 40 percent, is required from those with unpaid mortgages who plan to buy a second home, it added.The new rules took effect on Saturday.Tianjin was among 15 cities that adopted tightening measures in the first week of October, as part of efforts to damp property speculation.Since then, some of the cities, such as Shenzhen and Wuhan, have stepped up measures with fresh curbs, although not as restrictive as those of Tianjin. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs rebound as US Treasuries' retreat fades for now TOKYO: Japanese government bond prices rebounded on Monday as U.S. Treasuries stopped their retreat for now, with Tokyo shares snapping a 7-day winning streak to give safe-haven debt some breathing space.Firm results from the Bank of Japan's regular debt-buying operation on nudged JGB yields lower. The central bank bought a total of 710 billion yen ($6.34 billion) of JGBs on Monday.The benchmark 10-year JGB yield fell 2.5 basis points to 0.010 percent, moving away from ...

Markets - Fixed Income - Asia

JGBs slip, super-long bond yields hit 8-month high TOKYO: Japanese Government bonds sagged on Thursday, with the 20- and 30-year bond yields hitting eight-month highs, following a retreat in U.S. Treasuries and on caution ahead of a 40-year JGB auction.Long-dated JGBs came under pressure as a sell-off in U.S. Treasuries showed no sign of abating, with the 10-year U.S. yield hitting a 16-month high.U.S. bonds have been sold on the expectation that U.S. President-elect Donald Trump's policies may boost fiscal spending and lift ...

Markets - Fixed Income - Asia

JGB yield curve steepens as longer maturities track Treasuries TOKYO: Benchmark Japanese government bonds inched up on Monday, while the yield curve steepened as longer maturities tracked sagging global bond prices.The benchmark 10-year JGB yield shed 1 basis point (bp) to 0.025 percent, moving away from a nine-month high of 0.040 percent touched on Friday.December 10-year JGB futures finished up 0.13 point at 150.43.But the 30-year yield climbed 1.5 bps to 0.615 percent, after rising as high as 0.625 percent earlier, its highest since ...

Markets - Fixed Income - Asia

China 50-year finmin bond yield 3.48pc, 3-month bill at 2.1011pc SHANGHAI: China's Ministry of Finance auctioned 19 billion yuan ($2.76 billion) of 50-year bonds and 12 billion yuan of 3-month bills in the interbank market on Friday at an average yield of 3.48 percent and 2.1011 percent, respectively, traders said. For 50-year bonds, the yield was below market forecasts, centered around 3.55 percent and ranged from 3.50 to 3.60 percent.The auction yield came in below Thursday's benchmark secondary market yield of 3.5683 percent for 50-year ...

Markets - Fixed Income - Asia

Hot China house prices cool in October as curbs on speculation bite BEIJING: China's booming property market showed early signs of a softening in October after a fast and furious price rally that propped up economic growth this year. A National Bureau of Statistics (NBS) survey out on Friday showed October's monthly price growth virtually halved to 1.1 percent from September's 2.1 percent, as most of China's first- and second-tier cities posted slowing price growth.Analysts welcomed the softening as it showed that local and national measures intended ...

Markets - Fixed Income - Asia

South Korea central bank to buy 1.5trn won of KTB on Nov. 21 SEOUL: South Korea's central bank plans to buy 1.5 trillion won ($1.27 billion) of government bonds in an auction on Nov. 21 as part of measures to stabilize the local bond market, the Bank of Korea said on Friday.Copyright Reuters, 2016 ...