01192017Thu
Last update: Thu, 19 Jan 2017 05am

Asia

Markets - Fixed Income - Asia

Chinese 10-year treasury futures sell off by most since August SHANGHAI: Chinese ten-year treasury futures for December delivery sold off on Monday by the most since August, as investors took profits after a sharp run-up in government debt and traders eyed tighter liquidity as a result of suspected currency market intervention to support the yuan. Xia Haojie, bond futures analyst at Guosen Futures, said the market is expecting the central bank will gradually turn to a tighter monetary policy, which would help ease depreciation pressure."There's expectation that the government will switch to a tighter monetary policy, because otherwise, domestic asset price bubbles will get bigger, and there will be increasing depreciation pressure," Xia said.Xia said that liquidity supply growth exceeding that of the economy would hurt the value of the Chinese currency, either externally, or internally.As China's currency hit a six year low against the dollar Monday, three currency traders told Reuters that state banks, suspected of acting at the ...

Markets - Fixed Income - Asia

JGBs edge down as 20-year sale awaited TOKYO: Japanese government bonds were mostly down on Monday in quiet trade ahead of a 20-year sale.The benchmark 10-year JGB yield added half a basis point (bp) to minus 0.055 percent, while December 10-year futures were down 0.13 point at 151.69 in afternoon trading.Prices in the superlong zone were steady, with the 20-year JGB yield flat at 0.380 percent and the 30-year yield also unchanged at 0.495 percent.The 2-year yield and the 5-year yield both ...

Markets - Fixed Income - Asia

China's urbanites embrace sacrifice to ride property frenzy BEIJING: Lydia Su said her heart jumped when she first heard a property in Shanghai's tree-lined French Concession was on the market - even though it was no bigger than a bathroom - swept up in China's latest property frenzy. The 13.7-square metre (147-square foot) apartment, the detached annex of a villa, was priced at 1.8 million yuan ($267,169), which at about $19,500 per square metre ranks it among the world's most expensive residential spaces.Though ...

Markets - Fixed Income - Asia

JGBs gain on firm liquidity-enhancing auction TOKYO: Japanese government bond prices gained on Thursday, with the market supported by firm auction results.The finance ministry sold 500 billion yen ($4.83 billion) of JGBs at the liquidity-enhancing sale, under which it regularly supplies the market with off-the-run bonds.Movements were limited as a wait-and-see mood prevailed ahead of the European Central Bank's policy meeting later in the day, with investors awaiting possible clues on the central bank's 1-trillion-plus euro bond buying programme.The benchmark 10-year ...

Markets - Fixed Income - Asia

JGBs dip as Treasury, euro zone debt yields remain elevated TOKYO: Japanese government bond prices dipped on Tuesday, weighed down by caution as U.S. and euro zone yields remained elevated near multi-month highs.JGBs did draw some relief from a well-received 400 billion yen ($3.89 billion) liquidity-enhancing auction, under which the finance ministry regularly supplies the market with off-the-run debt.The benchmark 10-year JGB yield rose half a basis point to minus 0.055 percent. The 30-year yield was also up half a basis point, at 0.505 percent.Treasury ...

Markets - Fixed Income - Asia

JGBs dip in line with weaker Treasuries, BOJ buying limits losses TOKYO: Japanese government bond prices tracked a retreat in U.S. Treasuries and dipped on Monday, although a regular debt-buying operation by the Bank of Japan helped limit losses.The BOJ on Monday bought a total of 1.23 trillion yen ($11.95 billion) of one- to 10-year JGBs as a part of its bond purchasing scheme.The benchmark 10-year JGB yield was up half a basis point at minus 0.055 percent, while the 30-year yield rose 1.5 basis points ...

Markets - Fixed Income - Asia

JGB yields rise on Kuroda, higher oil price and stimulus doubts TOKYO: Japanese government bond yields rose on Tuesday, hit by comments from the Bank of Japan chief and as global bond yields increased on higher oil prices and expectations massive stimulus by major central banks may be coming near its end.The 10-year JGB yield rose 2.0 basis points to minus 0.050 percent, hitting its highest level in nearly three weeks, following a market holiday on Monday.BOJ Governor Haruhiko Kuroda said on Sunday he does not ...