12082016Thu
Last update: Thu, 08 Dec 2016 02pm

Asia

Markets - Fixed Income - Asia

JGB yields up slightly across curve ahead of BOJ, long weekend TOKYO: Japanese government bond yields rose slightly on Friday across the yield curve as market players squared their positions ahead of a long weekend and the Bank of Japan's policy review next week.The benchmark 10-year JGB yield rose 1.0 basis point to minus 0.035 percent, though it was down 1.5 basis points on the week.Yields on shorter maturities rose, stepping back from six-week lows touched earlier this week.The short-term yields had dropped on expectations that the BOJ could cut interest rates further from the current target of minus 0.10 percent as early as next week.The five-year yield rose 1.0 basis point to minus 0.200 percent, off Thursday's six-week low of minus 0.215 percent while the two-year yield ticked up 1.0 basis point to minus 0.265 percent after having dipped to as low as minus 0.280 percent earlier this week.Yields on longer-dated bonds, which have suffered from expectations the BOJ will ...

Markets - Fixed Income - Asia

JGB yield curve steepens sharply on BOJ talk ahead of auction TOKYO: Yield curves for Japanese government bonds steepened on Monday on speculation that the Bank of Japan will change its policy and as traders took positions ahead of a 20-year JGB auction later in the week.The 30-year JGB yield rose to as high as 0.555 percent , its highest level since late March and last stood at 0.550 percent, up 4.0 basis points.The 20-year yield hit a six-month high of 0.475 percent while the 40-year ...

Markets - Fixed Income - Asia

JGBs slip after BOJ's Nakaso follows Kuroda in admitting policy costs TOKYO: Japanese government bond prices slipped on Thursday after Bank of Japan Deputy Governor Hiroshi Nakaso fanned expectations the BOJ may modify its massive stimulus in a policy review planned later this month.The 10-year JGB yield rose 2.0 basis points to minus 0.040 percent, jumping back from one-week low of 0.070 percent touched earlier in the session.Nakaso largely followed the line similar to speech by BOJ Governor Haruhiko Kuroda earlier this week, acknowledging that the ...

Markets - Fixed Income - Asia

China's forex reserves fall $16bn in August BEIJING: China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country's central bank sold dollars to defend its currency against capital outflows.The world's largest currency hoard fell to just under $3.19 trillion, the People's Bank of China (PBOC) said on its website.Analysts said the fall indicated China is selling foreign exchange to buy its currency the yuan amid capital flight spurred by the slowing growth in the ...

Markets - Fixed Income - Asia

JGBs slip as stocks rise, Thursday's 10-year sale awaited TOKYO: Japanese government bonds fell on Wednesday, as equities got a tailwind from a weaker yen and reduced the safe-haven appeal of government debt.The Nikkei stock index ended up 1 percent at a more than two-week high, as the dollar rose to a one-month high against the yen.The benchmark 10-year JGB yield was up 1.5 basis points at minus 0.065 percent, while September 10-year futures ended down 0.10 point at 151.41.The Ministry of Finance will ...

Markets - Fixed Income - Asia

JGB futures edge up after firm liquidity-enhancing auction TOKYO: Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction. September 10-year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.The finance ministry sold 500 billion yen ($4.98 billion) of off-the-run JGBs on Thursday in a regular auction designed to enhance liquidity in the market.The ...

Markets - Fixed Income - Asia

China 10-year Dec treasury futures price down most in 3 months SHANGHAI: The price of Chinese 10-year treasury futures for December delivery fell 0.38 percent on Tuesday, the most in more than 3 months, after the central bank queried banks about demand for 14-day reverse repos for the first time since February. Industry sources said that aside from market liquidity, ongoing worries about leverage and regulation were affecting sentiment.Copyright Reuters, 2016 ...