01182017Wed
Last update: Wed, 18 Jan 2017 11am

Asia

Markets - Fixed Income - Asia

JGBs firm after BOJ's special buying operations surprise TOKYO: Japanese government bonds firmed and the yield curve steepened on Thursday, after the Bank of Japan unexpectedly announced its first special fixed-rate buying operation under its revamped monetary policy framework.The benchmark 10-year yield, which rose to a nine-month high of 0.035 percent on Wednesday, was down 1 basis point (bp) at 0.005 percent. It earlier rose as high as 0.025 percent before skidding after the BOJ's offer.Under its current monetary policy scheme outlined in September, the BOJ adopted a strategy of JGB yield curve control, under which it will guide the benchmark 10-year yield to around zero percent."Before today, a lot of people didn't know what a fixed-rate operation was - including me. We thought they would come in to buy 10-year JGBs at zero percent," said Tadashi Matsukawa, head of fixed income investment at PineBridge Investments in Tokyo.The BOJ offered to buy an unlimited amount of JGBs with ...

Markets - Fixed Income - Asia

Benchmark JGB yield hits 8-month high, impact of poor 5-year sale lingers TOKYO: Japanese government bond prices weakened across the board on Wednesday, with the benchmark yield hitting an eight-month high, as the market crumbled from the short-end on a lingering impact from a poor five-year auction the previous day.The short to mid-term maturities underperformed, as bearish sentiment from weak sales at Tuesday's five-year auction was amplified by lacklustre results from the Bank of Japan's regular bond-buying operation.The two-year yield and the five-year yield touched 9-1/2-month highs ...

Markets - Fixed Income - Asia

Five-year JGB yield rises to 9-month high after poor auction TOKYO: The yield on the five-year Japanese government bond rose to a nine-month high on Tuesday, after results of a 5-year auction fell short of market expectations.The 5-year JGB yield added 4.5 basis points to minus 0.110 percent, its highest level since Feb. 4.Copyright Reuters, 2016 ...

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 ...

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 ...