05292016Sun
Last update: Sun, 29 May 2016 05am

Asia

Markets - Fixed Income - Asia

JGBs slip as risk appetite improves on China GDP news TOKYO: Japanese government bonds slipped on Tuesday as regional risk appetite improved after Chinese economic figures came out in line with expectations, though decent demand at a sale of 5-year notes kept losses in check.China's economy grew 6.8 percent in the fourth quarter from a year earlier, the data showed, the slowest growth since 2009, though not as bad as some had feared.Industrial output in December rose 5.9 percent from a year earlier, compared with forecasts for a 6.0 percent increase.The helped Japanese stocks erase losses, with the Nikkei stock index ending up 0.6 percent.March 10-year JGB futures went in the other direction, ending down 0.11 point at 149.56, moving away from a record intraday high of 149.72 notched in the previous session.The benchmark 10-year yield added 1.5 basis points to 0.215 percent, but remained within sight of a record low of 0.190 percent plumbed last Thursday.The 5-year yield added ...

Markets - Fixed Income - Asia

India's gold bonds seen luring investors in search of safe haven MUMBAI: The second tranche of India's sovereign gold bonds, whose sale began on Monday, is likely to draw good response from investors, as they are priced below market rates for the metal and sharemarket turmoil spurs investors to diversify holdings.India plans to sell 150 billion rupees ($2.22 billion) in gold bonds in the fiscal year ending on March 31, as it seeks to wean investors off physical gold and contain the outflow of foreign exchange ...

Markets - Fixed Income - Asia

China approves $383bn worth of fixed asset investment in 2015 BEIJING: China approved 280 fixed asset investment projects worth 2.52 trillion yuan ($383.44 billion) in 2015, Li Pumin, the spokesman for the National Reform and Development Commission said on Tuesday.China also approved 32 projects worth 515.1 billion yuan in December, he said at a press conference in Beijing.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

Islamic sukuk dive over Malaysia, low oil price: S&P DUBAI: The value of Islamic sukuk bonds dropped sharply last year after Malaysia stopped issuing them and as oil prices continued their fall, the Standard & Poor's rating agency said Wednesday.The trend is expected to continue in 2016 as the main countries using the Islamic form of debt, especially in the Gulf, are switching to conventional bonds, an S&P report said.It said sukuk worth $63.5 billion (59 billion euros) were issued in 2015 compared with ...

Markets - Fixed Income - Asia

Japanese government bonds  gain, 5 and 10 year yield hits 1 year low on risk reduction TOKYO: Japanese government bonds edged up on Wednesday, with the five and 10 year yields hitting a one year low, as soft economic news from China and North Korea's nuclear test prompted investors to rush to low-risk assets. The yield on the current 10-year JGBs dropped 0.5 basis point to 0.250 percent, hitting a one-year low of 0.245 percent at one point. The five-year bonds were traded at 0.025 percent .The yield fell below 0.03 ...

Markets - Fixed Income - Asia

Evergrande says to buy $3.2bn China property assets HONG KONG: Evergrande Real Estate Group Ltd said on Tuesday it has agreed to buy mainland property assets in cities including Shanghai and Beijing from the empire of Hong Kong tycoon Cheng Yu-tung for 20.4 billion yuan ($3.2 billion).Evergrande will buy a 60 percent stake in a commercial and residential development in Sichuan province and a project comprising hotel, residential and office buildings in Guizhou province from New World China Land Ltd, which is controlled ...

Markets - Fixed Income - Asia

Taiwan sets government bonds, bills issuance plan for Q1 TAIPEI: Taiwan plans to sell T$155 billion ($4.72 billion) in government bonds in the first quarter of next year, mainly to repay debt, the finance ministry said on Wednesday. The ministry said it would issue two-, three-, five-, 10- and 20-year government bonds in the January-March quarter.The government also plans to issue T$130 billion in treasury bills in the first three months of 2016, the ministry said.Copyright Reuters, 2015 ...