05242016Tue
Last update: Tue, 24 May 2016 02pm

Asia

Markets - Fixed Income - Asia

JGBs firm on fall in short-term rates despite soft 5-year auction TOKYO: Japanese government bond prices firmed on Thursday, helped by a fall in short-term interest rates following the start of the Bank of Japan's negative interest rates as well as demand from foreign investors.The yield on the benchmark 10-year JGBs fell 3.0 basis points to 0.015 percent, edging back near zero, with bonds of up to nine-and-a-half years trading at negative yields.The two-year bond yield fell 4.0 basis points to minus 0.190 percent, as short-term interest rates fell deeper into negative levels following the start of negative interest rates on a portion of excess reserves at the BOJ.The three-month repo rate fell to a record low of minus 0.150 percent, partly as investors expect further monetary easing from the BOJ in coming months.Some buying came from foreign investors, who can borrow the yen at deeply negative interest rates using swaps, market players said.The auction of five-year JGBs drew tepid demand ...

Markets - Fixed Income - Asia

Indonesia says repatriated cash under amnesty may have to be invested in bonds JAKARTA: Money repatriated to Indonesia as part of a tax amnesty plan may have to be invested in government bonds or those issued by state firms to get the biggest discounts, an official at the finance ministry said. Private bankers are already excited about the prospect of money returning from abroad under the tax amnesty plan."The plan is for the returning funds to be placed in government bonds in order to get the biggest amnesty, ...

Markets - Fixed Income - Asia

South Korea central bank to sell 2.5trn won MSBs on Wednesday SEOUL: South Korea's central bank plans to sell 2.5 trillion won worth of 2-year monetary stabilisation bonds via an auction on Wednesday, the Bank of Korea said on Tuesday.The auction will be held at 0100 GMT for 10 minutes.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield of the six-month Islamic t-bill was 6.26562 percent, lower than 6.83594 percent at the last sale on Jan. 26. The project-based sukuk maturing in January 2018 had a weighted average yield of 8.11879 percent, lower than 8.44990 percent. ...

Markets - Fixed Income - Asia

Japan 10-year bond yield goes negative for first time TOKYO: The yield on Japan's 10-year government bond dropped below zero Tuesday, in a first for a G7 country as panicked investors flee a bloodbath on equity markets.The note's effective return slipped to -0.005 percent in the afternoon, continuing a downtrend sparked by the Bank of Japan's surprise move last month to slap a negative interest rate on some commercial lenders' deposits.Before the unexpected decision, Japan's 10-year bond was paying a yield of about 0.2 ...

Markets - Fixed Income - Asia

Indonesia sells 15 trillion rupiah of bonds at auction, above target JAKARTA: Indonesia's finance ministry sold 15 trillion rupiah ($1.10 billion) worth of bonds at an auction on Tuesday, above the indicative target of 12 trillion rupiah.Total incoming bids were 34.64 trillion rupiah.The highest bid-to-cover ratio was 3.82 for the three-month T-bills.Following are results of the auction. Bids are in trillions of rupiah, yields are in percent. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGB yields tumble, yields negative up to almost 9 years TOKYO: Japanese government bond prices soared on Monday as the Bank of Japan's surprise introduction of negative interest rates last week drove yields for up to almost nine years below zero.The two-year yield fell as much as 8.0 basis points to minus 0.160 percent while the five-year notes yield dropped to minus 0.110 percent, both record lows.The 10-year yield also fell to a record low of 0.050 percent , though the sector was an underperformer ...