01182017Wed
Last update: Wed, 18 Jan 2017 10am

Asia

Markets - Fixed Income - Asia

Investors dump JGB options, betting BOJ's yield control will succeed TOKYO: Investors in Japan's debt markets are betting through the options markets that the central bank will succeed in containing government bond yields within its desired ranges.That strategy involves selling options on Japanese government bonds (JGBs), earning income from any buyers who want the right to buy or sell JGBs at a later date.Traders are selling both kinds of options -- call options to buy bonds and put options to sell them -- on the view that the price, or premium, will collapse as JGB yields get boxed into a tight range.At its Sept. 21 policy review, the Bank of Japan set a new target of keeping the 10-year JGB yield at around zero percent, while dropping its explicit 3-1/2-year-old target for the amount of bonds it would buy from the markets.That was a major shift for a central bank that has tried in vain for years to reflate the ...

Markets - Fixed Income - Asia

JGBs slip, taking cues from US Treasuries TOKYO: Japanese government bonds slipped on Wednesday, taking their cue from a jump in U.S. Treasury yields overnight, while the yield curve steepened as the Bank of Japan refrained from buying in the superlong zone in its purchase operations.The benchmark 10-year JGB yield added 1 basis point (bp) to minus 0.065 percent, while December 10-year futures ended down 0.04 point at 152.06.The central bank offered to buy 400 billion yen ($3.89 billion) of JGBs maturing ...

Markets - Fixed Income - Asia

10-year JGBs pare losses after good auction results TOKYO: Japanese Government Bond prices pared most losses on Tuesday after the auction of a 2.4 trillion yen ($23.5 billion) 10-year JGBs drew solid demand.The 10-year yield rose to as high as minus 0.055 percent before the auction but slipped to minus 0.070 percent, up just 0.5 basis point on the day.The first 10-year JGB auction after the BOJ last month set a target for their yield of zero percent drew bids 3.82 times the ...

Markets - Fixed Income - Asia

JGBs mostly slip after lacklustre 2-year sale, surging stocks TOKYO: Japanese government bonds mostly slipped on Thursday, as equities rallied and demand at a two-year auction was modestly weaker than last month's sale of that maturity.The benchmark 10-year JGB yield added 1 basis point (bp) to minus 0.085 percent, while December 10-year futures ended down 0.05 point at 152.31.Some bargain-hunting emerged in superlong maturities, with the 30-year yield shedding 2 bps to 0.435 percent in afternoon trading, while the 40-year yield fell 2.5 bps ...

Markets - Fixed Income - Asia

JGBs firm, bolstered by BOJ buying operations TOKYO: Japanese government bonds rose on Wednesday, as the Bank of Japan's smooth JGB purchase operations reassured investors.The benchmark 10-year JGB yield edged down 1 basis point (bp) to minus 0.090 percent, its lowest since Aug 24. December 10-year futures ended up 0.21 point at 152.36.The operations were the first under the central bank's new monetary policy framework announced last week, and market participants were relieved that the purchase offers were in line with past ...

Markets - Fixed Income - Asia

JGBs mostly higher as decent 40-year auction soothes nerves TOKYO: Japanese government bonds mostly rose on Tuesday as investors were reassured by the outcome of a 40-year sale - the first major bond auction since the Bank of Japan adopted a new policy focus last week.The benchmark 10-year JGB yield shed 1.5 basis points (bps) to minus 0.080 percent, its lowest since Sept. 8.December 10-year futures ended up 0.29 point at 152.15.The BOJ said last week that it will shift the focus of its ...

Markets - Fixed Income - Asia

Caution on US politics dents Asia FX; Philippine peso at 7-year low SINGAPORE: Most emerging Asian currencies slumped on Monday as risk sentiment soured with a market focus shifting to Washington politics ahead of the first debate between Democrat candidate Hillary Clinton and Republican Donald Trump.The Philippine peso hit a seven-year low in heavy trading as importers' dollar demand added to downward pressure stemming from stock outflows.Malaysia's ringgit fell as doubts that there will be an oil production deal among OPEC producers underscored concerns over the country's ...