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Last update: Sat, 03 Dec 2016 03am

Asia

Markets - Fixed Income - Asia

Hot China house prices cool in October as curbs on speculation bite BEIJING: China's booming property market showed early signs of a softening in October after a fast and furious price rally that propped up economic growth this year. A National Bureau of Statistics (NBS) survey out on Friday showed October's monthly price growth virtually halved to 1.1 percent from September's 2.1 percent, as most of China's first- and second-tier cities posted slowing price growth.Analysts welcomed the softening as it showed that local and national measures intended to curb speculation were working without seeming to trigger a sharp price correction."October data showed the momentum is softening, and that is within market expectations," said Julia Wang, Greater China economist at HSBC global research said in Hong Kong."I think that's actually good news since it showed the effectiveness of the new curbs introduced earlier in October without depressing the market too much."Despite the monthly slowdown, new house prices in China's 70 major cities still ...

Markets - Fixed Income - Asia

South Korea central bank to buy 1.5trn won of KTB on Nov. 21 SEOUL: South Korea's central bank plans to buy 1.5 trillion won ($1.27 billion) of government bonds in an auction on Nov. 21 as part of measures to stabilize the local bond market, the Bank of Korea said on Friday.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs firm after BOJ's special buying operations surprise TOKYO: Japanese government bonds firmed and the yield curve steepened on Thursday, after the Bank of Japan unexpectedly announced its first special fixed-rate buying operation under its revamped monetary policy framework.The benchmark 10-year yield, which rose to a nine-month high of 0.035 percent on Wednesday, was down 1 basis point (bp) at 0.005 percent. It earlier rose as high as 0.025 percent before skidding after the BOJ's offer.Under its current monetary policy scheme outlined in ...

Markets - Fixed Income - Asia

Benchmark JGB yield hits 8-month high, impact of poor 5-year sale lingers TOKYO: Japanese government bond prices weakened across the board on Wednesday, with the benchmark yield hitting an eight-month high, as the market crumbled from the short-end on a lingering impact from a poor five-year auction the previous day.The short to mid-term maturities underperformed, as bearish sentiment from weak sales at Tuesday's five-year auction was amplified by lacklustre results from the Bank of Japan's regular bond-buying operation.The two-year yield and the five-year yield touched 9-1/2-month highs ...

Markets - Fixed Income - Asia

Five-year JGB yield rises to 9-month high after poor auction TOKYO: The yield on the five-year Japanese government bond rose to a nine-month high on Tuesday, after results of a 5-year auction fell short of market expectations.The 5-year JGB yield added 4.5 basis points to minus 0.110 percent, its highest level since Feb. 4.Copyright Reuters, 2016 ...

Markets - Fixed Income - Asia

JGBs post biggest fall under BOJ's new policy as Treasuries tumble TOKYO: Japanese government bond prices tumbled on Thursday following the plunge in US Treasuries, with the benchmark JGB futures posting their biggest fall since the Bank of Japan started soft-peg of long-term bond yields in September.US bond prices dropped on Wednesday as expectations that US President-elect Donald Trump's policies, such as fiscal expansion and protectionism on international trade, will stoke inflation.The 10-year JGB yield hit a 1-1/2-month high of minus 0.035 percent from minus 0.080 ...

Markets - Fixed Income - Asia

JGB prices firm, though reaction to Trump vote muted TOKYO: Japanese government bond prices edged up on Wednesday against a backdrop of global market turmoil as Republican Donald Trump took an unexpected lead in the U.S. presidential election.The prospect of a Trump victory sent many investors into risk aversion mode, triggering shock waves across risk assets. Japan's Nikkei stock index plunged 5.4 percent.JGB moves were miniscule by comparison. The 10-year JGB yield edged down 1 basis point (bp) to minus 0.080 percent after falling ...