06292016Wed
Last update: Wed, 29 Jun 2016 02pm

Asia

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 of a new home in China's 100 major cities rose 0.60 percent month-on-month in February to 11,092 yuan ($1,695) per square metre, the China Index Academy (CIA) said in a report, a slight easing from December's 0.74 percent rise.On a year-on-year basis, prices rose 5.25 percent.The property market fuelled much of China's spectacular growth in recent decades but hit the doldrums in the past two years, with new buyers priced out despite government borrowing restrictions ...

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 ...

Markets - Fixed Income - Asia

India's bonds, rupee rise; fin min sticks to 2016/17 fiscal deficit target MUMBAI: Indian bonds and the rupee rallied on Monday after Finance Minister Arun Jaitley said the government would stick to its fiscal deficit target of 3.5 percent of gross domestic product for the 2016/17 year. Traders had feared India would widen its fiscal deficit target for the next fiscal year to increase spending.India's benchmark 10-year bond yield fell around 5-6 bps to 7.68 percent from levels before Jaitley disclosed the fiscal deficit target. The yield ...

Markets - Fixed Income - Asia

US bond prices jump as Wall Street rally fades NEW YORK: US Treasury prices jumped on Thursday, with benchmark yields retreating from 1-1/2 week highs, as a three-day rally in Wall Street stocks leveled off, reviving some demand for low-yielding government bonds.While data showed a surprise drop in domestic jobless claims last week, a report from the Philadelphia Federal Reserve showed business activities in the US Mid-Atlantic region in February remained in contraction territory although less so than in recent months. "We had a ...

Markets - Fixed Income - Asia

JGBs firm on fall in short-term rates despite soft 5-year auction TOKYO: Japanese government bond prices firmed on Thursday, helped by a fall in short-term interest rates following the start of the Bank of Japan's negative interest rates as well as demand from foreign investors.The yield on the benchmark 10-year JGBs fell 3.0 basis points to 0.015 percent, edging back near zero, with bonds of up to nine-and-a-half years trading at negative yields.The two-year bond yield fell 4.0 basis points to minus 0.190 percent, as short-term ...

Markets - Fixed Income - Asia

Indonesia says repatriated cash under amnesty may have to be invested in bonds JAKARTA: Money repatriated to Indonesia as part of a tax amnesty plan may have to be invested in government bonds or those issued by state firms to get the biggest discounts, an official at the finance ministry said. Private bankers are already excited about the prospect of money returning from abroad under the tax amnesty plan."The plan is for the returning funds to be placed in government bonds in order to get the biggest amnesty, ...

Markets - Fixed Income - Asia

South Korea central bank to sell 2.5trn won MSBs on Wednesday SEOUL: South Korea's central bank plans to sell 2.5 trillion won worth of 2-year monetary stabilisation bonds via an auction on Wednesday, the Bank of Korea said on Tuesday.The auction will be held at 0100 GMT for 10 minutes.Copyright Reuters, 2016 ...