05302016Mon
Last update: Mon, 30 May 2016 08am

Asia

Markets - Fixed Income - Asia

JGB yields tumble, yields negative up to almost 9 years TOKYO: Japanese government bond prices soared on Monday as the Bank of Japan's surprise introduction of negative interest rates last week drove yields for up to almost nine years below zero.The two-year yield fell as much as 8.0 basis points to minus 0.160 percent while the five-year notes yield dropped to minus 0.110 percent, both record lows.The 10-year yield also fell to a record low of 0.050 percent , though the sector was an underperformer as investors braced for an auction of 10-year bonds on Tuesday.The 10-year JGB futures hit an all-time high of 150.78 and closed up 0.14 point at 150.56.While not many real money investors are eager to buy bonds with negative yields, some players who are purchasing them are doing so on the belief the BOJ will buy them at deeper negative yield, or higher price.Many investors are also not willing to sell JGBs as they will ...

Markets - Fixed Income - Asia

China new home prices up in January BEIJING: China's new home prices increased in January for the sixth straight month, a survey showed Monday, positive news for the key sector following a series of stimulus measures aimed at boosting lending. The gains come as authorities have sought to stabilise China's property market -- a main driver of the world's second-largest economy -- and rolled out new measures intended to encourage migrant workers to buy homes in the cities where they work.The average ...

Markets - Fixed Income - Asia

JGBs edge down but solid 2-year sale supports TOKYO: Japanese government bonds mostly edged down on Thursday as investors awaited the outcome of the Bank of Japan's two-day meeting that began this session, though a solid sale of 2-year JGBs limited losses.The Ministry of Finance offered 2.5 trillion yen ($21.08 billion) of 2-year notes with a 0.100 percent coupon, matching that of the current issue.The sale produced a lowest accepted price of 100.23. The bid-to-cover ratio, a gauge of demand, improved to 4.84 ...

Markets - Fixed Income - Asia

JGBs steady as investors await Fed, BOJ meetings TOKYO: Japanese government bonds were steady on Wednesday on the eve of the Bank of Japan's policy meeting, with month-end buying lifting the superlong zone and offsetting any impact from rallying equities.The BOJ will begin its two-day meeting on Thursday, and some investors speculate that policymakers might muster some more monetary easing steps. While the central bank would prefer to hold back, people familiar with the BOJ's thinking say that recent global market volatility could ...

Markets - Fixed Income - Asia

JGBs firm, expectations of BOJ easing support TOKYO: Japanese government bond prices were firm on Monday, helped by expectations that the Bank of Japan could expand its massive bond-buying programme further as soon as this week. The 10-year JGB yield fell 1 basis point to 0.220 percent , while the 30-year yield fell 0.5 basis point to 1.175 percent, near one-year low of 1.170 percent touched earlier this month.In the futures market, the benchmark 10-year JGB futures rose 0.05 point to 149.51.Bumpy ...

Markets - Fixed Income - Asia

JGBs inch down on profit-taking, investors wary of low yields TOKYO: Japanese government bonds prices eased on Thursday as buyers retreated to the sidelines on near record low yields, while some investors took profits possibly to make up for losses they made on stocks and other investment.The 10-year JGB yield rose 1.5 basis points to 0.225 percent , while the five-year yield rose 0.5 basis point to minus 0.010 percent.The 10-year yield had hit a record low of 0.190 percent on worries about the global ...

Markets - Fixed Income - Asia

JGBs edge off session lows as shares slump TOKYO: Japanese government bonds edged slightly down on Wednesday ahead of the next day's 20-year auction, but moved off their session lows as a slump in equities lent appeal to safe-haven government debt.The Nikkei stock index was down 2.7 percent in afternoon trade.The benchmark 10-year yield inched half a basis point higher to 0.215 percent, though it remained close to a record low of 0.190 percent touched last week and it pulled away from a ...