07292016Fri
Last update: Fri, 29 Jul 2016 10pm

Asia

Markets - Fixed Income - Asia

JGBs firm, superlong zone rallies after BOJ operations TOKYO: Japanese government bonds firmed on Tuesday, with prices of superlong JGBs rallying after strong results of the Bank of Japan's buying operations.The central bank offered to buy 450 billion yen ($4.06 billion) of JGBs in the 5- to 10-year zone, 220 billion yen of JGBs in the 10- to 25-year zone and 180 billion yen of JGBs in the 25- to 40-year zone under its JGB purchase programme.The offer-to-cover ratios, which gauge selling pressure, declined in all three zones, indicating bondholders succeeded in selling their JGBs at higher prices to the BOJ.The 30-year yield fell 7 basis points to 0.335 percent.The benchmark 10-year yield shed 3 basis points to minus 0.105 percent, while the 10-year JGB futures contract ended up 0.25 point at 151.86.Adding to the safe-haven appeal of fixed-income assets, Japan's Nikkei stock index ended down 0.5 percent.Investors' main focus this week remains the BOJ's two-day meeting that ...

Markets - Fixed Income - Asia

JGBs edge down despite solid 20-year auction TOKYO: Japanese government bonds mostly edged down on Thursday, as firm demand at a 20-year auction failed to offset waning risk aversion and rallying equities. But the 30-year JGB bucked the trend and edged higher, its yield nudging to a fresh record low.Japan's Ministry of Finance offered 1.1 trillion yen ($10.04 billion) of 20-year JGBs with a coupon of 0.400 percent.The lowest accepted price was 102.40, while the bid-to-cover ratio, a gauge of demand, rose ...

Markets - Fixed Income - Asia

Malaysia says $1.5 billion sukuk oversubscribed KUALA LUMPUR: Malaysia said on Thursday that it has successfully priced a $1.5 billion dual-tranche benchmark Islamic bond, or sukuk, which was oversubscribed by 4.2 times. The sukuk is split between a $1 billion 10-year tranche and a $500 million 30-year trache at a rate of 3.179 percent and 4.080 percent respectively, the ministry of finance said in a statement. The deal was oversubscribed by 4.2 times, attracting an aggregate interest of over $6.3 billion ...

Markets - Fixed Income - Asia

China finance ministry sells 7-year bond at 2.9393pc, above f'casts SHANGHAI: China's Ministry of Finance auctioned 33 billion yuan ($5.10 billion) of seven-year bonds in the interbank market on Wednesday at an average yield of 2.9393 percent, traders said, higher than expected. Market forecasts had centred around 2.86 percent and ranged from 2.80 to 2.90 percent. The auction yield came in above Tuesday's benchmark secondary market yield of 2.8455 percent for seven-year government bonds. For stories on Chinese debt issues, click on. ($1 = 6.4690 ...

Markets - Fixed Income - Asia

China sees property sector making greater contribution to economic growth BEIJING: China sees its property sector showing a greater contribution to economic growth in the first quarter this year, the statistics bureau said on Friday. Spokesman Sheng Laiyun said there was increased divergence between property prices in major cities and smaller cities, while prices would continue to come under pressure from big inventories.Sheng's remarks follow news that China's property investment growth quickened to 6.2 percent in the first three months of 2016, as national sales ...

Markets - Fixed Income - Asia

Singapore private home sales up 38pc y/y in March SINGAPORE: Sales of private homes by developers in Singapore rose 37.5 percent in March from a year earlier, government data released on Friday showed. The Urban Redevelopment Authority said developers sold 843 units in March, up from the 613 units sold in March last year. The sales more than doubled the 303 units sold in February.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

China fin min auctions 3-mth bills at 2.0747pc yield, 6 month at 2.1488pc SHANGHAI: China's Ministry of Finance auctioned 10 billion yuan ($1.54 billion) each of three-month bills and six-month bills in the interbank market on Friday at average yields of 2.0747 percent and 2.1488 percent, respectively, traders said. The auction yield for three-month bills came in below Thursday's benchmark secondary market yield of 2.1461 percent for three-month government bills. The auction yield for six-month bills came in below Thursday's benchmark secondary market yield of 2.1691 percent. Copyright ...