09292016Thu
Last update: Thu, 29 Sep 2016 01pm

Asia

Markets - Fixed Income - Asia

China new home price increases slow in June BEIJING: The cost of Chinese new homes rose at a slower rate in June from the previous month, figures showed Friday, as measures to tame prices in the world's second-largest economy took hold.The average price for new houses in 100 major cities increased 1.32 percent month-on-month in June to 11,816 yuan ($1,776) per square metre, the China Index Academy (CIA) said in a statement, down from April's 1.7 percent."The effect of tightening policies in some key cities gradually kicked in and transactions in the cities further fell in June," said CIA, the research unit of real estate website operator Soufun.The once red-hot property market is a key driver of Chinese growth but has had a spell in the doldrums more recently, with new buyers priced out despite government borrowing restrictions reining in soaring costs.Beijing has introduced several policies to try and stabilise the real estate sector as economic growth weakened, ...

Markets - Fixed Income - Asia

JGBs edge down, yields pull away from lows TOKYO: Japanese government bonds edged down on Thursday, with yields pulling away from this week's record lows as investors adjusted their positions on the last day of the month.The 10-year yield added 1 basis point to minus 0.230 percent , after notching a record low of minus 0.240 percent in the previous session.September 10-year futures edged down 0.03 point to 152.95 after scaling a record high of 153.01 on Wednesday.The 20-year JGB yield added 2 ...

Markets - Fixed Income - Asia

JGB 10-year yield hits fresh record low, others mixed TOKYO: Yields on Japan's benchmark 10-year government bonds (JGBs) briefly hit a fresh record low on Wednesday as investors looked to safer assets amid uncertainty about the global and financial fallout from Britain's vote to leave the European Union. The 10-year yield was down half a basis points to minus 0.235 percent by mid-afternoon, after earlier plumbing a record low of minus 0.240 percent.September 10-year futures ended up 0.09 point at 152.98 after earlier rising ...

Markets - Fixed Income - Asia

China sells 3-year yuan bonds at 2.9pc in Hong Kong HONG KONG: China sold 14 billion yuan ($2.1 billion) of yuan-denominated offshore bonds in Hong Kong on Wednesday, the eighth consecutive year the Ministry of Finance (MOF) has tapped the market to encourage its development. Bonds of various tenors were offered, among which the largest amount sold was 7 billion yuan of three-year bonds at 2.9 percent, according to the Hong Kong Monetary Authority.The five-year, seven-year, 10-year and 20-year tenors were priced at 3.25 percent, ...

Markets - Fixed Income - Asia

JGBs yield curve flattens on Brexit, long yields hit record lows TOKYO: Long-dated Japanese government bond yields fell to record lows while shorter yields were flat to slightly higher on Monday, as Britain's decision to leave the European Union led to expectations of more global economic stagnation.The 20-year JGB yield fell 3.0 basis points to 0.080 percent , having fallen 83.5 basis points since the BOJ adopted negative rates in late January.The 30-year yield also fell to a record low of 0.110 percent, having fallen more ...

Markets - Fixed Income - Asia

JGBs mixed ahead of Brexit vote, underpinned by 20-year sale TOKYO: Japanese government bonds were mixed on Thursday, with prices of longer maturities lifted by solid results of a 20-year auction. Trading was cautious as British voters prepared to cast their ballots later in the session in a closely divided referendum on whether to leave or remain in the European Union, with the latest polls suggesting it might opt to stay.The Bank of Japan may need to ease monetary policy if the British referendum outcome ...

Markets - Fixed Income - Asia

JGBs mostly edge up, underpinned by BOJ purchases TOKYO: Japanese government bonds mostly edged up on Wednesday, underpinned by Bank of Japan buying as well as wariness on the eve of Britain's vote on whether to remain in the European Union. Latest opinion polls have mostly shown a shift towards keeping Britain in the EU, while there are signs that momentum has stalled for the 'In' camp and the vote still looks too close to call.Japan's central bank offered to buy a total ...