12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Asia

Markets - Fixed Income - Asia

10-year JGBs pare losses after good auction results TOKYO: Japanese Government Bond prices pared most losses on Tuesday after the auction of a 2.4 trillion yen ($23.5 billion) 10-year JGBs drew solid demand.The 10-year yield rose to as high as minus 0.055 percent before the auction but slipped to minus 0.070 percent, up just 0.5 basis point on the day.The first 10-year JGB auction after the BOJ last month set a target for their yield of zero percent drew bids 3.82 times the offer, slightly higher than 3.74 times in the previous auction.The tail, or the gap between the lowest and average price, was 0.02, unchanged from the last month's auction.Many investors are also selling put options of 10-year cash bonds around a yield of zero percent, said an option trader at a Japanese brokerage, as they are ready to buy the bonds around that level.The benchmark 10-year JGB futures also pared losses to trade at 152.08, down ...

Markets - Fixed Income - Asia

JGBs mostly slip after lacklustre 2-year sale, surging stocks TOKYO: Japanese government bonds mostly slipped on Thursday, as equities rallied and demand at a two-year auction was modestly weaker than last month's sale of that maturity.The benchmark 10-year JGB yield added 1 basis point (bp) to minus 0.085 percent, while December 10-year futures ended down 0.05 point at 152.31.Some bargain-hunting emerged in superlong maturities, with the 30-year yield shedding 2 bps to 0.435 percent in afternoon trading, while the 40-year yield fell 2.5 bps ...

Markets - Fixed Income - Asia

JGBs firm, bolstered by BOJ buying operations TOKYO: Japanese government bonds rose on Wednesday, as the Bank of Japan's smooth JGB purchase operations reassured investors.The benchmark 10-year JGB yield edged down 1 basis point (bp) to minus 0.090 percent, its lowest since Aug 24. December 10-year futures ended up 0.21 point at 152.36.The operations were the first under the central bank's new monetary policy framework announced last week, and market participants were relieved that the purchase offers were in line with past ...

Markets - Fixed Income - Asia

JGBs mostly higher as decent 40-year auction soothes nerves TOKYO: Japanese government bonds mostly rose on Tuesday as investors were reassured by the outcome of a 40-year sale - the first major bond auction since the Bank of Japan adopted a new policy focus last week.The benchmark 10-year JGB yield shed 1.5 basis points (bps) to minus 0.080 percent, its lowest since Sept. 8.December 10-year futures ended up 0.29 point at 152.15.The BOJ said last week that it will shift the focus of its ...

Markets - Fixed Income - Asia

Caution on US politics dents Asia FX; Philippine peso at 7-year low SINGAPORE: Most emerging Asian currencies slumped on Monday as risk sentiment soured with a market focus shifting to Washington politics ahead of the first debate between Democrat candidate Hillary Clinton and Republican Donald Trump.The Philippine peso hit a seven-year low in heavy trading as importers' dollar demand added to downward pressure stemming from stock outflows.Malaysia's ringgit fell as doubts that there will be an oil production deal among OPEC producers underscored concerns over the country's ...

Markets - Fixed Income - Asia

JGB yields rise after BOJ surprises with 0pc target for 10-year bonds yield TOKYO: Japanese government bond yields rose on Wednesday after the Bank of Japan surprised markets by saying it would aim to guide the 10-year bond yield to around zero percent as part of an overhaul of its policy framework.The benchmark 10-year JGB yield rose to as high as plus 0.005 percent, rising to a positive level for the first time since mid-March.It last stood at minus 0.035 percent, up 2.5 basis points on the day, ...

Markets - Fixed Income - Asia

Long-dated JGBs gain on short-covering ahead of BOJ TOKYO: Long-dated Japanese government bond prices rose on Tuesday as traders covered their short positions ahead of a crucial Bank of Japan policy meeting and following solid results of the BOJ's buying operation.The yield on the 20-year JGBs dropped as much as 5.0 basis points to 0.400 percent, hitting its lowest level in nearly two weeks.Long-dated JGB yields have been soaring since the BOJ's last policy meeting in late July on growing expectations that the ...