Asia
Tuesday, 26 February 2013 11:42
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TOKYO: US Treasuries firmed in Asian trading on Tuesday, with the benchmark yield dropping to its lowest level in a month as political uncertainty following an Italian election rekindled fears about the euro zone's debt crisis and whetted investors' appetite for safe-haven debt.- Italy's centre left won the lower house as widely expected, but projections by Italian media indicate no party or coalition will be able to form a majority in the upper house, or Senate.- "Everyone thought that the worst was over in Europe, but maybe there are still problems yet to come in Italy," said a fixed-income fund manager at a Japanese asset management firm."We will be waiting for Bernanke later today for more direction on US monetary policy," he added.- Federal Reserve Chairman Ben Bernanke will testify before the Senate Banking Committee later in the session, and then address the Housing Financial Services Committee on Wednesday.Investors will ...
MUMBAI: NTPC, India's largest power producer, is planning to raise 3 billion rupees ($55.05 million) via 10-year bonds, according to a termsheet seen by Reuters.
The firm has invited arrangers to submit bids on Monday and has scheduled the pay-in date for the issuance on March 2.
NTPC will use part of the proceeds to finance capacity addition, coal mining projects, and refinance debt, according to the termsheet.
Copyright Reuters, 2013
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TAIPEI: Taiwan auctioned T$35 billion ($1.2 billion) in 30-year government bonds at a yield of 1.795 percent, the central bank said on Friday, beating forecasts in a Reuters poll for a yield of between 1.74 percent and 1.76 percent.
Copyright Reuters, 2013 ...
MUMBAI: Housing Development Finance Corp , India's biggest mortgage lender, plans to raise up to 7.5 billion rupees ($138.67 million) through five-year bonds at 9.25 percent, two sources with direct knowledge of the deal said.
The base size of the issue is 4 billion rupees and Axis Bank is the sole arranger for the bond sale, said the sources.
Copyright Reuters, 2013
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SHANGHAI: China's Ministry of Finance auctioned 26 billion yuan ($4.2 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 3.52 percent, traders said, as expected but near the low end of expectations.
Market forecasts had centred around 3.56 percent and ranged from 3.51 to 3.60 percent.
The auction yield came in below Tuesday's indicative secondary market bid yield of 3.5927 percent for 10-year government bonds.
Copyright Reuters, 2013 ...
MUMBAI: Indian government bond yields ended lower on Monday, retreating from the day's highs, as hopes the central bank will announce a second consecutive week of debt purchases offset a new warning on inflation from the RBI governor.
Despite continued doubts about the scope of interest rate cuts, investors are betting Indian bonds are set for their biggest rally since the global financial crisis, wagering that the government will unveil a fiscally disciplined budget on Feb. ...
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