07242016Sun
Last update: Sun, 24 Jul 2016 05pm

Asia

Markets - Fixed Income - Asia

Chinese pouring billions into US real estate WASHINGTON: Chinese nationals became the largest foreign buyers of US homes last year as they pour billions into American real estate, seeking safe offshore assets, according to a new study Sunday.A huge surge in Chinese buying of both residential and commercial real estate last year took their five-year investment total to more than $110 billion, according to the study from the Asia Society and Rosen Consulting Group.The sheer size of that total has helped the real estate market recover from the crash that began in 2006 and precipitated the 2008 economic crisis, they said.And despite a slowdown due to Beijing's clampdown on capital outflows, the figure for the second half of this decade is likely to double to $218 billion, the study said."What makes China different and noteworthy is the combination of the high volume of investment (and) the breadth of its participation across all real estate categories," including a ...

Markets - Fixed Income - Asia

China property investment keeps up a solid pace in April SHANGHAI: China's real estate investment in April kept pace with the previous month, as developers continued to start projects in response to surging home sales, which are giving a much-needed boost to the slowing economy. Property investment rose 9.7 percent in April from a year earlier, according to Reuters calculations based on data from the National Bureau of Statistics (NBS) on Saturday, the same rate as in March.The bureau said new construction starts in the ...

Markets - Fixed Income - Asia

Indonesia sells $463mn of bonds at auction, half of target JAKARTA: Indonesia sold 6.15 trillion rupiah ($463 million) worth of bonds at an auction on Tuesday, half of the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The three month T-bill had a weighted average yield of 5.65680 percent while the one-year T-bill had a weighted average yield of 6.23143 percent.The weighted average yield for bonds maturing in July 2021 was 7.49823 percent, higher than the 7.38887 percent ...

Markets - Fixed Income - Asia

China says risk in bonds of big state-owned firms 'controllable' SHANGHAI: China's state asset manager, in the wake of increasing debt defaults have rattled Chinese markets, on Friday called risk in bonds issued by central government-owned firms "controllable". The State-owned Assets Supervision and Administration Commission (SASAC) said it made the conclusion after a detailed probe into all bonds issued by such enterprises.The investigations were launched after one firm, China Railway Materials Co Ltd, in mid-April sought suspension of trade in 16.8 billion yuan ($2.60 billion) ...

Markets - Fixed Income - Asia

20-year JGB yield falls to record low of 0.225pc TOKYO: The yield on 20-year Japanese government bonds fell to a record low of 0.225 percent on Friday as the Japanese bond market tracked gains in US Treasuries. The 20-year JGB yield has fallen almost 70 basis points since the Bank of Japan announced negative interest rates in late January.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs gain on fall in Japan stocks, 20-yr yield hits record low TOKYO: Japanese government bond prices rose on Monday, sending the benchmark 20-year yield to a record low, after Japanese share prices fell more than 3 percent to three-week lows on the yen's gains. The 20-year JGB yield fell to as low as 0.235 percent , below its previous trough of 0.245 percent touched on April 20. It last stood at 0.240 percent, down 5 basis points from the previous session on Thursday.Japanese financial markets were ...

Markets - Fixed Income - Asia

JGBs firm, superlong zone rallies after BOJ operations TOKYO: Japanese government bonds firmed on Tuesday, with prices of superlong JGBs rallying after strong results of the Bank of Japan's buying operations.The central bank offered to buy 450 billion yen ($4.06 billion) of JGBs in the 5- to 10-year zone, 220 billion yen of JGBs in the 10- to 25-year zone and 180 billion yen of JGBs in the 25- to 40-year zone under its JGB purchase programme.The offer-to-cover ratios, which gauge selling pressure, ...