07282016Thu
Last update: Thu, 28 Jul 2016 01pm

Asia

Markets - Fixed Income - Asia

JGBs mostly steady despite lacklustre demand at 30-year sale TOKYO: Japanese government bonds were mostly steady on Thursday, shrugging off a stock market rally and tepid demand at a 30-year auction. The Nikkei stock index ended up 3.2 percent at a more than two-week high.In the superlong zone, the 30-year JGB yield was flat at 0.405 percent, after a relatively volatile session in which it fluctuated between a record low of 0.385 percent before the auction and 0.420 percent.Japan's Ministry of Finance auctioned 800 billion yen ($7.33 billion) of 30-year JGBs, at a record low average yield of 0.388 percent.The bid-to-cover ratio, a gauge of demand, fell to 3.39 from the previous sale's 4.21. The tail between the average and lowest accepted prices, another demand gauge, widened steeply to 0.67 from 0.03 at last month's sale.The yield on the benchmark 10-year JGB was flat at minus 0.090 percent, while 10-year JGB futures ended up 0.05 point at 151.68.Copyright Reuters, ...

Markets - Fixed Income - Asia

China 5-year fin min bond yield at 2.58 pct, above forecasts SHANGHAI: China's Ministry of Finance auctioned 33 billion yuan ($5.11 billion) of five-year bonds in the interbank market on Wednesday at an average yield of 2.58 percent, traders said, higher than expected. Market forecasts had centred around 2.51 percent and ranged from 2.43 to 2.58 percent. The auction yield came in above Tuesday's benchmark secondary market yield of 2.5260 percent for five-year government bonds. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs mostly edge up in thin trade, 30-year sale awaited TOKYO: Japanese government bonds mostly edged higher in a subdued session on Tuesday as investors looked ahead to a sale of 30-year JGBs later this week. Earlier in the session, Japan's Ministry of Finance offered 400 billion yen ($3.69 billion) of 10-year inflation-linked JGBs in a quarterly sale of the notes.The lowest accepted price was 104.90, compared to market expectations of 104.50 to 104.80. The bid-to-cover ratio, a gauge of demand, rose to 2.84 from ...

Markets - Fixed Income - Asia

JGBs little changed after BOJ skips bond buying operation TOKYO: Japanese government bonds were little changed on Monday after the Bank of Japan skipped its bond buying operation, with market players focusing on a 30-year bond auction later this week. The benchmark 10-year JGB, which saw no trade in the morning session, was traded at minus 0.090 percent, down 0.5 basis point from Friday.Ten-year JGB futures prices were up 0.02 point at 151.67 .The BOJ skipped its bond buying operation on Monday, providing no ...

Markets - Fixed Income - Asia

Taiwan sells 20-year govt bonds at 1.36pc yield TAIPEI: Taiwan auctioned T$30 billion ($923 million) in 20-year government bonds at a yield of 1.36 percent, the central bank said on Friday, at the lower end of forecasts in a Reuters poll for a yield of between 1.36 percent and 1.40 percent. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

China finance ministry sells 3-month bills at 1.9738pc SHANGHAI: China's Ministry of Finance auctioned 10 billion yuan ($1.6 billion) of three-month bills in the interbank market on Friday at an average yield of 1.9738 percent, traders said. The auction yield came in below Thursday's benchmark secondary market yield of 2.0187 percent for three-month government bills. Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs edge up, taking cue from firmer Treasuries TOKYO: Japanese government bonds edged up on Wednesday, taking their cue from a rise in U.S. Treasuries after Federal Reserve chair Janet Yellen sounded a cautious tone on U.S. interest rate increases.Yellen's speech stressed the need for caution and highlighted external risks.The yield on benchmark 10-year Treasury notes stood at 1.807 percent, in Asia, after skidding to a four-week low of 1.805 percent in U.S. trade on Tuesday following Yellen's remarks.JGB trading was cautious ahead ...