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

Asia

Markets - Fixed Income - Asia

JGBs slip on weaker Treasuries, 2-year sale draws firm demand TOKYO: Japanese government bond prices slipped on Thursday with the market tracking an overnight retreat by U.S. Treasuries.An auction of two-year JGBs, on the other hand, attracted ample investor demand as the shorter-dated maturities had cheapened over the past month.The bid-to-cover ratio, a gauge of demand, at the 2.3 trillion yen ($22 billion) two-year sale rose to 4.41 from 3.78 at the previous auction last month.The benchmark 10-year JGB yield was up 1 basis point at minus 0.060 percent and the 30-year yield rose 2 basis points to 0.495 percent.The JGB market took comments on Thursday by Bank of Japan Governor Haruhiko Kuroda in its stride. Kuroda told parliament that the central bank would not attempt to push down super-long bond yields if they rose further.The BOJ adopted a yield curve control scheme in September in a bid to keep the 10-year JGB yield around zero percent.U.S. Treasury debt yields ...

Markets - Fixed Income - Asia

Benchmark JGBs edge down in quiet trade, BOJ meeting looms TOKYO: Benchmark Japanese government bonds inched lower on Wednesday while longer maturities edged up, but the moves were slight ahead of next week's Bank of Japan policy meeting.The BOJ is expected to maintain its minus 0.1 percent short-term interest rate target at its two-day meeting ending on Tuesday.In September, the BOJ shifted the focus of its monetary policy framework to controlling the yield curve by actively guiding the 10-year yield around zero."It seems that up ...

Markets - Fixed Income - Asia

Benchmark JGBs edge down in quiet trade, BOJ meeting looms TOKYO: Benchmark Japanese government bonds inched lower on Wednesday while longer maturities edged up, but the moves were slight ahead of next week's Bank of Japan policy meeting.The BOJ is expected to maintain its minus 0.1 percent short-term interest rate target at its two-day meeting ending on Tuesday.In September, the BOJ shifted the focus of its monetary policy framework to controlling the yield curve by actively guiding the 10-year yield around zero."It seems that up ...

Markets - Fixed Income - Asia

Long-term JGBs gain on firm 20-year debt auction TOKYO: Longer-dated Japanese government bond prices edged higher on Tuesday as the market witnessed firm investor demand at a 20-year debt auction.The benchmark 10-year JGB yield was unchanged at minus 0.060 percent. The yield had been at minus 0.055 percent earlier in response to an overnight rise in U.S. Treasury yields.The 30-year JGB yield fell half a basis point to 0.485 percent.The bid-to-cover ratio, a gauge of demand, at Tuesday's 1.1 trillion yen ($10.53 billion) ...

Markets - Fixed Income - Asia

Chinese 10-year treasury futures sell off by most since August SHANGHAI: Chinese ten-year treasury futures for December delivery sold off on Monday by the most since August, as investors took profits after a sharp run-up in government debt and traders eyed tighter liquidity as a result of suspected currency market intervention to support the yuan. Xia Haojie, bond futures analyst at Guosen Futures, said the market is expecting the central bank will gradually turn to a tighter monetary policy, which would help ease depreciation pressure."There's ...

Markets - Fixed Income - Asia

JGBs edge down as 20-year sale awaited TOKYO: Japanese government bonds were mostly down on Monday in quiet trade ahead of a 20-year sale.The benchmark 10-year JGB yield added half a basis point (bp) to minus 0.055 percent, while December 10-year futures were down 0.13 point at 151.69 in afternoon trading.Prices in the superlong zone were steady, with the 20-year JGB yield flat at 0.380 percent and the 30-year yield also unchanged at 0.495 percent.The 2-year yield and the 5-year yield both ...

Markets - Fixed Income - Asia

China's urbanites embrace sacrifice to ride property frenzy BEIJING: Lydia Su said her heart jumped when she first heard a property in Shanghai's tree-lined French Concession was on the market - even though it was no bigger than a bathroom - swept up in China's latest property frenzy. The 13.7-square metre (147-square foot) apartment, the detached annex of a villa, was priced at 1.8 million yuan ($267,169), which at about $19,500 per square metre ranks it among the world's most expensive residential spaces.Though ...