01172017Tue
Last update: Tue, 17 Jan 2017 11am

Asia

Markets - Fixed Income - Asia

JGB yields rise after BOJ surprises with 0pc target for 10-year bonds yield TOKYO: Japanese government bond yields rose on Wednesday after the Bank of Japan surprised markets by saying it would aim to guide the 10-year bond yield to around zero percent as part of an overhaul of its policy framework.The benchmark 10-year JGB yield rose to as high as plus 0.005 percent, rising to a positive level for the first time since mid-March.It last stood at minus 0.035 percent, up 2.5 basis points on the day, but trading was volatile as investors reacted to the surprise decision, analysts said."I think the market's volatility will fall as the BOJ has set the target for the 10-year yield... We are going to have a government-controlled market," said Naoya Oshikubo, rates strategist at Barclays.The BOJ abandoned its base money target and set a zero percent target for the 10-year yield. To guide the 10-year bond yield, the BOJ will buy 10- and 20-year bonds ...

Markets - Fixed Income - Asia

Long-dated JGBs gain on short-covering ahead of BOJ TOKYO: Long-dated Japanese government bond prices rose on Tuesday as traders covered their short positions ahead of a crucial Bank of Japan policy meeting and following solid results of the BOJ's buying operation.The yield on the 20-year JGBs dropped as much as 5.0 basis points to 0.400 percent, hitting its lowest level in nearly two weeks.Long-dated JGB yields have been soaring since the BOJ's last policy meeting in late July on growing expectations that the ...

Markets - Fixed Income - Asia

JGB yields up slightly across curve ahead of BOJ, long weekend TOKYO: Japanese government bond yields rose slightly on Friday across the yield curve as market players squared their positions ahead of a long weekend and the Bank of Japan's policy review next week.The benchmark 10-year JGB yield rose 1.0 basis point to minus 0.035 percent, though it was down 1.5 basis points on the week.Yields on shorter maturities rose, stepping back from six-week lows touched earlier this week.The short-term yields had dropped on expectations that ...

Markets - Fixed Income - Asia

JGB yield curve steepens sharply on BOJ talk ahead of auction TOKYO: Yield curves for Japanese government bonds steepened on Monday on speculation that the Bank of Japan will change its policy and as traders took positions ahead of a 20-year JGB auction later in the week.The 30-year JGB yield rose to as high as 0.555 percent , its highest level since late March and last stood at 0.550 percent, up 4.0 basis points.The 20-year yield hit a six-month high of 0.475 percent while the 40-year ...

Markets - Fixed Income - Asia

JGBs slip after BOJ's Nakaso follows Kuroda in admitting policy costs TOKYO: Japanese government bond prices slipped on Thursday after Bank of Japan Deputy Governor Hiroshi Nakaso fanned expectations the BOJ may modify its massive stimulus in a policy review planned later this month.The 10-year JGB yield rose 2.0 basis points to minus 0.040 percent, jumping back from one-week low of 0.070 percent touched earlier in the session.Nakaso largely followed the line similar to speech by BOJ Governor Haruhiko Kuroda earlier this week, acknowledging that the ...

Markets - Fixed Income - Asia

China's forex reserves fall $16bn in August BEIJING: China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country's central bank sold dollars to defend its currency against capital outflows.The world's largest currency hoard fell to just under $3.19 trillion, the People's Bank of China (PBOC) said on its website.Analysts said the fall indicated China is selling foreign exchange to buy its currency the yuan amid capital flight spurred by the slowing growth in the ...

Markets - Fixed Income - Asia

JGBs slip as stocks rise, Thursday's 10-year sale awaited TOKYO: Japanese government bonds fell on Wednesday, as equities got a tailwind from a weaker yen and reduced the safe-haven appeal of government debt.The Nikkei stock index ended up 1 percent at a more than two-week high, as the dollar rose to a one-month high against the yen.The benchmark 10-year JGB yield was up 1.5 basis points at minus 0.065 percent, while September 10-year futures ended down 0.10 point at 151.41.The Ministry of Finance will ...