08242016Wed
Last update: Wed, 24 Aug 2016 02am

Asia

Markets - Fixed Income - Asia

JGBs mostly edge down, benchmark firms on dip-buying TOKYO: Japanese government bonds mostly edged lower on Thursday as investors took a breather ahead of Friday's U.S. jobs data, though the benchmark 10-year JGB firmed on dip-buying after its yield spiked to a 4 1/2-month high earlier this week.The benchmark 10-year JGB yield inched down half a basis point to minus 0.095 percent, down from an earlier high of minus 0.070 percent.It jumped as high as minus 0.025 percent on Tuesday, when JGBs marked their worst sell-off in more than three years on concerns that the Bank of Japan might reduce the pace of its aggressive JGB purchases."The JGB market has calmed down a lot, and people are now waiting for the US nonfarm payrolls report," said Tadashi Matsukawa, head of fixed income investment at PineBridge Investments in Tokyo.Economists polled by Reuters are looking for U.S. non-farm employment to have risen by 180,000 in July.The yield curve steepened as ...

Markets - Fixed Income - Asia

JGBs stabilize after worst selloff in three years TOKYO: Japanese government bonds stabilized on Wednesday following the previous session's steep selloff, with the benchmark yield edging lower but the superlong zone modestly weakening.The yield on the 40-year Japanese government bond rose to a 3 1/2-month high, a day after the government said it planned to issue more bonds in that maturity.JGBs saw their worst sell-off in more than three years on Tuesday against a backdrop of fear that the Bank of Japan might ...

Markets - Fixed Income - Asia

China finance ministry to auction 1-year and 10-year bonds BEIJING: China's Ministry of Finance said on Wednesday that it would auction 35 billion yuan of 10-year bonds and 28 billion yuan of one-year bonds on Aug. 3. After the auctions, both bonds would be issued from Aug. 3 to Aug. 4 and start trading on the secondary market on Aug. 8, the ministry said in separate statements.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

Benchmark JGBs ease, next week's BOJ meeting awaited TOKYO: Benchmark Japanese government bonds eased on Friday but moves were limited as investors waited to see if the Bank of Japan will offer more stimulus at a policy review late next week. The 10-year JGB yield added 1 basis point to minus 0.225 percent, up from an earlier session low of minus 0.240 percent.September 10-year futures inched 0.02 point lower to end at 153.18.Investors remained way about the BOJ's July 28-29 meeting, and whether ...

Markets - Fixed Income - Asia

Benchmark JGBs rise, longer zone slips after 20-year sale TOKYO: Benchmark Japanese government bond prices firmed on Wednesday, while the superlong zone edged lower after lacklustre demand at a 20-year auction. The 10-year JGB yield inched down half a basis point to minus 0.240 percent, while September 10-year futures added 0.16 point to end at 153.28.But the 20-year JGB yield rose 1.5 basis points to 0.150 percent, and the 30-year JGB yield climbed 2 basis points to 0.210 percent.A downturn in stocks supported bonds, ...

Markets - Fixed Income - Asia

New Development Bank completes first green bond sale, sees strong orders HONG KONG: The New Development Bank (NAB), an infrastructure-focused lender established by the BRICS emerging nations last year, has completed the sale of its first worldwide bond in China's interbank bond market. It was also the first yuan-denominated green bond sold in mainland China by a multinational financial institution.The five-year, 3 billion yuan ($447.87 million) bond was priced at 3.07 percent on Tuesday, with the total order book amounting to around 9 billion yuan."Demand for ...

Markets - Fixed Income - Asia

Indian bonds rally ahead of CPI data, central bank governor announcement NEW DELHI: Indian government bonds rallied on Tuesday, with the benchmark 10-year yields at over three-year lows, as investors bet on benign inflation data later in the day and awaited a government announcement on the next central bank governor.The rally also tracked gains in emerging markets this week on a combination of upbeat U.S. data, expectations of more stimulus from global policymakers, and global investors seeking higher returns.Foreign investors bought a net $76 million worth ...