06282016Tue
Last update: Tue, 28 Jun 2016 10am

Asia

Markets - Fixed Income - Asia

JGBs down mostly as correction continues but futures up TOKYO: Japanese government bond prices were mostly lower on Thursday, licking wounds after sharp fall from record highs hit earlier this week, although the futures ended higher in a divided market driven more by trading flows than any fundamentals. The 30-year JGB yield rose 5.0 basis points to 0.760 percent , to stand 30 basis points up from a record low hit just on Tuesday.Until early this week, investors had rushed to buy long-dated JGBs as the yield on shorter maturities, up to 11 years, plunged to negative levels following the BOJ's decision to introduce negative interest rates.The reversal was swift once buying dried up, as liquidity has dwindled due to the BOJ's massive bond buying. Also, many Japanese players have reduced trading ahead of the end of Japanese financial year on March 31.The 20-year yield rose 2.0 basis points to 0.490 percent , compared to Tuesday's record low of ...

Markets - Fixed Income - Asia

JGBs tumble as investors lock in gains after rally TOKYO: Japanese government bonds skidded on Wednesday as investors locked in gains, particularly in the superlong zone, after the previous session's rally. The 30-year yield was the biggest mover, adding 20 basis points to 0.715 percent after plunging 21 basis points in the previous session. Its biggest one-day fall in three years pushed it to a life-time low of 0.470 percent.Tuesday's spike in prices came after a 30-year auction met solid investor demand."I took some ...

Markets - Fixed Income - Asia

SOHO China says to sell Shanghai office building this month HONG KONG: Commercial property developer SOHO China Ltd said on Tuesday it will put up for sale a Shanghai office building this month to tap surging demand for property in the city. SOHO China had shifted its business from sales to renting properties four years ago, but executives said the deal would help it take advantage of high valuations in Shanghai.Frenzied buying in the city just months after China's frothy stock markets crashed has raised ...

Markets - Fixed Income - Asia

Hong Kong home sales hit record lows in first two months of year HONG KONG: Hong Kong home sales volume hit record lows in the first two months of the year, official data showed, adding to the gloom of weak earnings reports from the city's developers, and mixed pricing for two recent government land tenders. January and February sales volume were both the lowest on record, according to data, dating back to 1996, that was released by the Rating and Valuation Department and Land Registry on Friday.In value ...

Markets - Fixed Income - Asia

JGB yields near record lows after first negative 10-year auction TOKYO: Japanese government bond yields held near record lows on Tuesday after yields at an auction for 10-year bonds went under zero for the first time, a phenomenon that is likely to dent demand for risk assets. As a broadening swathe of the fixed income markets falls into negative territory, the strong demand at the bond auction signals the growing unease among investors at the unprecedented measures taken by global central banks such as pushing ...

Markets - Fixed Income - Asia

China new home prices up in February BEIJING: China's new home prices increased in February for the seventh straight month, a survey showed Tuesday, 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 price ...

Markets - Fixed Income - Asia

Indian bonds, rupee gain; govt sticks to fiscal targets MUMBAI: Indian bonds and the rupee rallied on Monday after Finance Minister Arun Jaitley said the government would stick to its fiscal deficit target for 2016/17, raising expectations the country's central bank may cut interest rates before its next policy review in April. The benchmark 10-year bond yield ended down 16 bps at 7.62 percent, after falling as much as 18 bps intraday, the lowest since Jan. 22. The 10-year benchmark bond yield posted its ...