02142016Sun
Last update: Sun, 14 Feb 2016 01pm

Asia

Markets - Fixed Income - Asia

JGBs dive for two straight days, futures hit 1-year low TOKYO: Japanese government bond prices dived for two straight sessions on Monday as soaring Japanese share prices prompted investors to question their long-standing confidence in low-risk but low-yielding Japanese government bonds.The benchmark futures price posted its biggest two-day decline in almost two and a half years to hit a one-year low, with the Tokyo Stock Exchange briefly suspending trading as a circuit breaker was triggered."I just don't feel like buying. It's too scary now. You shouldn't try to catch a falling knife. It's not a good time to try to be a hero," said Tadashi Matsukawa, head of fixed-income at Pinebridge Investments in Tokyo.The benchmark 10-year bond futures fell 0.75 point in price to 142.95 after a 0.98 point fall on Friday. At one stage, they fell as low as 142.65, the lowest level for the benchmark contract in a year.The 10-year cash bond yield rose to as high as ...

Markets - Fixed Income - Asia

US 10-year notes dented by upbeat data, yen's drop SINGAPORE: US 10-year Treasuries sagged on Friday, after the previous day's jobless claims data eased some concern about the economy's outlook and as the dollar's rise to a four-year high versus the yen weighed on sentiment.The 10-year yield hit a one-month high of about 1.844 percent earlier, its highest level since early April. Ten-year notes were last down 8/32 in price and the 10-year yield stood at 1.841 percent, up roughly 3 basis points from ...

Markets - Fixed Income - Asia

JGBs steady in thin trade supported by BoJ operations TOKYO: Benchmark Japanese government bonds were steady in thin trade on Thursday, supported by the Bank of Japan's asset-buying operations.The BoJ offered to buy 600 billion yen ($6.07 billion) in JGBs outright with residual maturities of more than 5 years and up to 10 years, and another 600 billion yen maturing in more than one year and up to 5 years.The 10-year Japanese government bond yield edged down half a basis point to 0.585 percent.The ...

Markets - Fixed Income - Asia

US 10-year yield off 3-week high, focus on auctions SINGAPORE: The US 10-year Treasury yield slipped on Tuesday, edging away from a three-week high set the previous day, when bonds extended their losses in the wake of last week's better-than-expected jobs data.The near-term focus is on this week's bond auctions. The Treasury will sell $32 billion in three-year notes on Tuesday, $24 billion in 10-year notes on Wednesday and $16 billion in 30-year bonds on Thursday.Ten-year notes rose 4/32 in price to yield roughly ...

Markets - Fixed Income - Asia

Indian bond yields up as OMO discounted, supply worries MUMBAI: Indian federal bond yields rose on Monday as sentiment was broadly hit after the central bank said the scope for future rate cuts was limited, with the Reserve Bank of India's bond purchase plan this week failing to provide cheer.The 25 basis point rate cut on Friday failed to enthuse markets as it was broadly discounted, while the central bank's view that there is limited scope for more rate cuts has kept the debt ...

Markets - Fixed Income - Asia

India central bank to buy up to 100bn rupees of bonds MUMBAI: India's central bank will buy up to 100 billion rupees ($1.9 billion) of federal government bonds on May 7 through open market operation, it said in a release on Friday.The Reserve Bank of India will buy 8.07 percent 2017-July bonds, 7.35 percent 2024 bonds, 8.20 percent 2025 bonds and 8.28 percent 2032 bonds.The auction will be conducted using the multiple price method, the central bank said.Copyright Reuters, 2013 ...

Markets - Fixed Income - Asia

JGBs mostly rise, underpinned by BoJ bond buying operations TOKYO: Japanese government bond prices rose on Thursday, with the benchmark yield falling to a nearly two-week low, bolstered by the Bank of Japan's asset-buying operations.Tokyo markets will be closed on May 3 and May 6 for a string of holidays known as Golden Week, so market participants also cited some position adjustment ahead of the long weekend, followed by a week in which the finance ministry has no auctions scheduled.The BoJ offered to buy ...