09302016Fri
Last update: Fri, 30 Sep 2016 08am

Asia

Markets - Fixed Income - Asia

China's investment growth slows, bucking signs of stabilisation BEIJING: China's fixed asset investment, an important gauge of infrastructure spending, slowed to its weakest pace in 16 years, government statistics showed Monday, a worrying trend despite other signs of economic stabilisation in the Asian giant.The moderation comes after a record credit binge in the first quarter of the year, a splurge aimed at stimulating China's slowing economy.Fixed asset investment rose 9.6 percent in the first five months of the year, according to the National Bureau of Statistics.The world's number two economy, a key driver of global expansion, grew just 6.9 percent in 2015, the weakest rate in a quarter of a century.The investment results fell far short of economists' median forecast of 10.4 percent in a survey by Bloomberg News and was the slowest pace of expansion since May 2000.But factory production and consumer spending showed steady growth for the period, the government data indicated, as industrial output rose ...

Markets - Fixed Income - Asia

JGB 30-year yield hits record low as risk aversion heightens TOKYO: The 30-year Japanese government bond yield slipped to a record low on Monday amid rising risk aversion, sending Tokyo's Nikkei to a five-week trough.The 30-year yield was down 2.5 basis points at 0.245 percent , a historic low.Safe haven assets like government bonds have been boosted on growing concerns a referendum next week could push Britain out of the European Union and hurt the global economy.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs firm after strong 5-year sale results TOKYO: Japanese government bonds were higher on Thursday, led by 5-year JGBs after strong demand at an auction of those notes.The Ministry of Finance offered 2.4 trillion yen ($22.51 billion) of 5-year JGBs with a 0.10 percent coupon.The notes sold at a low price of 101.67, and drew bids of 4.66 times the amount offered, above the previous sale's bid-to-cover ratio of 4.15 times.The tail between the average and lowest accepted prices shrank to 0.01 ...

Markets - Fixed Income - Asia

China home prices seen up 6.3pc in 2016 even as govt controls expand BEIJING: China's home prices are expected to rise modestly this year and next, with property controls likely to be extended to more cities as major markets heat up, a Reuters poll showed. A recovery in the housing market, which accounts for 15 percent of gross domestic product, has helped stabilise economic growth this year and has provided a boost to the construction industry while also lifting prices of many commodities.However, with home values surging in ...

Markets - Fixed Income - Asia

JGBs edge down as stocks rebound, surprised by primary dealer's pullout TOKYO: Japanese government bonds edged down on Wednesday, taking their cue from a rebound in equities, but trade was overshadowed by news that a primary dealer is set to quit in the latest reaction to the central bank's negative interest rate policy.Bank of Tokyo-Mitsubishi UFJ, the core banking unit of Mitsubishi UFJ Financial Group Inc, is expected to give up its role as one of the 22 primary dealers of Japanese government bonds as early ...

Markets - Fixed Income - Asia

Benchmark JGBs edge down, long ends firm after strong 30-year sale TOKYO: Japanese government bonds put in a mixed performance on Tuesday, with benchmark JGBs edging down slightly while the superlong zone firmed after strong demand at a 30-year JGB sale.The benchmark 10-year yield edged up half a basis point to minus 0.120 percent, while June 10-year futures ended nearly flat, down just 0.01 point at 152.16.Japan's Ministry of Finance offered 800 billion yen ($7.44 billion) of 30-year JGBs with a 0.30 percent coupon.The lowest accepted ...

Markets - Fixed Income - Asia

JGBs gain as yen surge after US jobs shock hits Tokyo stocks TOKYO: Japanese government bond prices rose across the board on Monday as a surge in the yen following Friday's much weaker-than-expected U.S. nonfarm payrolls data hit Tokyo stocks.A fall in U.S. Treasury yields in wake of the disappointing jobs report also supported JGBs.The five-year JGB yield fell a basis point to minus 0.240 percent. The benchmark 10-year yield fell 2 basis points to minus 0.125 percent and the 30-year yield declined 1.5 basis points to ...