09262016Mon
Last update: Mon, 26 Sep 2016 12pm

Asia

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 hold its monthly auction of 10-year JGBs on Thursday.The yield curve modestly steepened, with the 20-year JGB yield adding 2.5 basis points to 0.335 percent and the 30-year JGB yield also rising 2.5 basis points to 0.420 percent.Bank of Japan board member Yukitoshi Funo told a news conference after meeting business leaders in Niigata, northern Japan on Wednesday that he saw no signs now the bank was reaching its limits in buying bonds or deepening ...

Markets - Fixed Income - Asia

JGB futures edge up after firm liquidity-enhancing auction TOKYO: Japanese government bond futures edged up on Thursday as the market took heart following firm investor demand at a liquidity-enhancing auction. September 10-year JGB futures were up 0.04 point at 151.50, with caution before Federal Reserve Chair Janet Yellen's speech at a central bankers' meeting on Friday preventing further gains.The finance ministry sold 500 billion yen ($4.98 billion) of off-the-run JGBs on Thursday in a regular auction designed to enhance liquidity in the market.The ...

Markets - Fixed Income - Asia

China 10-year Dec treasury futures price down most in 3 months SHANGHAI: The price of Chinese 10-year treasury futures for December delivery fell 0.38 percent on Tuesday, the most in more than 3 months, after the central bank queried banks about demand for 14-day reverse repos for the first time since February. Industry sources said that aside from market liquidity, ongoing worries about leverage and regulation were affecting sentiment.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

South Korea treasury bond issuance in 2017 to be less than this year SEOUL: South Korea's treasury bond issuance next year is likely to be less than the amount planned for this year thanks to tax revenue exceeding estimates, finance ministry officials told Reuters on Monday. "Next year's debt-financing bond issuance will be much less than this year's, resulting in an overall smaller treasury bond issuance in 2017 as tax collection has been good," said a finance ministry official, who declined to be named.This year, 41.4 trillion won ...

Markets - Fixed Income - Asia

China money rates slip on week, Treasury yields rise from 7-year lows SHANGHAI: China's primary money rates fell this week, but Treasury yields rose from seven-year lows as investors took profits from bonds' recent rally.The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity in China, was 2.2555 percent, down seven basis points (bps) on the week.The central bank kept short rates steady this week with its second consecutive net fund injection through open markets.After touching ...

Markets - Fixed Income - Asia

JGBs lifted by weaker Nikkei, steady 5-year auction TOKYO: Japanese government bond prices rose on Thursday, lifted by a weaker Nikkei and firmer U.S. Treasuries.The debt market was also buoyed after it witnessed steady investor demand at an auction for five-year government bonds.The benchmark 10-year JGB yield was down half a basis point at minus 0.090 percent and the 30-year yield slipped 1.5 basis points to 0.340 percent.The bid-to-cover ratio, a gauge of demand, at the 2.4 trillion yen ($24 billion) five-year sale ...

Markets - Fixed Income - Asia

China home prices rise 7.9pc y/y in July BEIJING: Average new home prices in China's 70 major cities rose 7.9 percent in July from a year earlier, an official survey showed on Thursday. That compared with a 7.3 percent increase in June.Home prices in Shenzhen and Xiamen had the biggest surge, rising 40.9 percent and 39.2 percent, respectively, from a year ago.The booming property market has been a key driver of China's economic growth in the first half of the year as weak ...