08272016Sat
Last update: Sat, 27 Aug 2016 04am

Asia

Markets - Fixed Income - Asia

JGBs edge down as stocks rebound, surprised by primary dealer's pullout TOKYO: Japanese government bonds edged down on Wednesday, taking their cue from a rebound in equities, but trade was overshadowed by news that a primary dealer is set to quit in the latest reaction to the central bank's negative interest rate policy.Bank of Tokyo-Mitsubishi UFJ, the core banking unit of Mitsubishi UFJ Financial Group Inc, is expected to give up its role as one of the 22 primary dealers of Japanese government bonds as early as July, according to a source.A MUFG spokesman confirmed that the banking unit was considering the move but declined to comment further.Analysts said the move is not expected to have an immediate impact on the JGB market as the central bank is aggressively buying bonds as part of its monetary stimulus programme, but some market watchers said the long-term implications for demand were worrying."The MUFG news didn't have an real effect at all on today's ...

Markets - Fixed Income - Asia

Benchmark JGBs edge down, long ends firm after strong 30-year sale TOKYO: Japanese government bonds put in a mixed performance on Tuesday, with benchmark JGBs edging down slightly while the superlong zone firmed after strong demand at a 30-year JGB sale.The benchmark 10-year yield edged up half a basis point to minus 0.120 percent, while June 10-year futures ended nearly flat, down just 0.01 point at 152.16.Japan's Ministry of Finance offered 800 billion yen ($7.44 billion) of 30-year JGBs with a 0.30 percent coupon.The lowest accepted ...

Markets - Fixed Income - Asia

JGBs gain as yen surge after US jobs shock hits Tokyo stocks TOKYO: Japanese government bond prices rose across the board on Monday as a surge in the yen following Friday's much weaker-than-expected U.S. nonfarm payrolls data hit Tokyo stocks.A fall in U.S. Treasury yields in wake of the disappointing jobs report also supported JGBs.The five-year JGB yield fell a basis point to minus 0.240 percent. The benchmark 10-year yield fell 2 basis points to minus 0.125 percent and the 30-year yield declined 1.5 basis points to ...

Markets - Fixed Income - Asia

JGBs little changed ahead of US jobs report TOKYO: Japanese government bond prices were little changed on Friday as investors awaited US non-farm payrolls later in the day for more clues on the timing of Federal Reserve increase rate hikes. The five-year yield and benchmark 10-year yield were flat at minus 0.225 percent and minus 0.100 percent, respectively.The Bank of Japan bought more than a trillion yen of one- to 10-year JGBs in a regular debt buying operation, helping to offset some of ...

Markets - Fixed Income - Asia

JGBs mostly edge down but underpinned by 10-year sale TOKYO: Strong demand at an auction of 10-year Japanese government bonds supported the market on Thursday, though gains in most tenors evaporated as investors locked in gains.The Ministry of Finance offered 2.4 trillion yen ($22.00 billion) of 10-year JGBs with a 0.1 percent coupon.The notes sold at a low of 101.94, and drew bids of 4.11 times the amount offered, the highest in nearly two years and well above the previous sale's bid-to-cover ratio of ...

Markets - Fixed Income - Asia

JGBs slip as longer maturities drop on BOJ buying adjustment TOKYO: Japanese government bonds slipped on Wednesday, led by longer maturities, after the Bank of Japan said late on Tuesday that it would buy less in some zones under its asset purchase programme.Longer yields steepened after the central bank said it would trim its buying offers in its purchase operations by 20 billion yen in both the 10- to 25-year zone and the 25- to 40-year zone.On Wednesday, the BOJ offered to buy 70 billion ...

Markets - Fixed Income - Asia

JGBs flat, underpinned by solid demand at 2-year sale TOKYO: Benchmark Japanese government bonds were flat on Tuesday, but the market was supported by month-end demand for superlong maturities as well as the solid outcome of a 2-year JGB auction.The benchmark 10-year yield was unchanged from the previous session at minus 0.120 percent, while June 10-year futures ended flat at 152.03.The Ministry of Finance offered 2.3 trillion yen ($20.69 billion) of 2-year JGBs with a 0.1 percent coupon.The notes sold at a lowest price ...