08282016Sun
Last update: Sun, 28 Aug 2016 01pm

Asia

Markets - Fixed Income - Asia

China sees property sector making greater contribution to economic growth BEIJING: China sees its property sector showing a greater contribution to economic growth in the first quarter this year, the statistics bureau said on Friday. Spokesman Sheng Laiyun said there was increased divergence between property prices in major cities and smaller cities, while prices would continue to come under pressure from big inventories.Sheng's remarks follow news that China's property investment growth quickened to 6.2 percent in the first three months of 2016, as national sales growth accelerated to a near three-year high on a range of official stimulus measures.The growth in real estate investment, a major driver of the economy which affects more than 40 other sectors from cement to furniture, was up from an increase of 3 percent in the January to February period.China's economy grew 6.7 percent in the first quarter from a year earlier, meeting expectations but at its slowest pace in seven years.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

Singapore private home sales up 38pc y/y in March SINGAPORE: Sales of private homes by developers in Singapore rose 37.5 percent in March from a year earlier, government data released on Friday showed. The Urban Redevelopment Authority said developers sold 843 units in March, up from the 613 units sold in March last year. The sales more than doubled the 303 units sold in February.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

China fin min auctions 3-mth bills at 2.0747pc yield, 6 month at 2.1488pc SHANGHAI: China's Ministry of Finance auctioned 10 billion yuan ($1.54 billion) each of three-month bills and six-month bills in the interbank market on Friday at average yields of 2.0747 percent and 2.1488 percent, respectively, traders said. The auction yield for three-month bills came in below Thursday's benchmark secondary market yield of 2.1461 percent for three-month government bills. The auction yield for six-month bills came in below Thursday's benchmark secondary market yield of 2.1691 percent. Copyright ...

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 ...

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 ...