Asia
Thursday, 09 May 2013 10:59
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TOKYO: Benchmark Japanese government bonds were steady in thin trade on Thursday, supported by the Bank of Japan's asset-buying operations.The BoJ offered to buy 600 billion yen ($6.07 billion) in JGBs outright with residual maturities of more than 5 years and up to 10 years, and another 600 billion yen maturing in more than one year and up to 5 years.The 10-year Japanese government bond yield edged down half a basis point to 0.585 percent.The benchmark yield has clung to a narrow trading range of 0.55 to 0.65 percent since late last month, after initially gyrating in the wake of the BOJ's massive stimulus scheme unveiled on April 4."Lately, volatility has dropped, and it's hard to see bonds making big moves, at least ahead of this summer's election," said a fixed-income fund manager at a European asset management firm in Tokyo.Prime Minister Shinzo Abe's approval rating remains high, and his ...
SINGAPORE: The US 10-year Treasury yield slipped on Tuesday, edging away from a three-week high set the previous day, when bonds extended their losses in the wake of last week's better-than-expected jobs data.The near-term focus is on this week's bond auctions. The Treasury will sell $32 billion in three-year notes on Tuesday, $24 billion in 10-year notes on Wednesday and $16 billion in 30-year bonds on Thursday.Ten-year notes rose 4/32 in price to yield roughly ...
MUMBAI: Indian federal bond yields rose on Monday as sentiment was broadly hit after the central bank said the scope for future rate cuts was limited, with the Reserve Bank of India's bond purchase plan this week failing to provide cheer.The 25 basis point rate cut on Friday failed to enthuse markets as it was broadly discounted, while the central bank's view that there is limited scope for more rate cuts has kept the debt ...
MUMBAI: India's central bank will buy up to 100 billion rupees ($1.9 billion) of federal government bonds on May 7 through open market operation, it said in a release on Friday.The Reserve Bank of India will buy 8.07 percent 2017-July bonds, 7.35 percent 2024 bonds, 8.20 percent 2025 bonds and 8.28 percent 2032 bonds.The auction will be conducted using the multiple price method, the central bank said.Copyright Reuters, 2013 ...
TOKYO: Japanese government bond prices rose on Thursday, with the benchmark yield falling to a nearly two-week low, bolstered by the Bank of Japan's asset-buying operations.Tokyo markets will be closed on May 3 and May 6 for a string of holidays known as Golden Week, so market participants also cited some position adjustment ahead of the long weekend, followed by a week in which the finance ministry has no auctions scheduled.The BoJ offered to buy ...
TOKYO: US 10-year Treasuries gained in Asian trading on Thursday, after the Federal Reserve reaffirmed its commitment to continue buying bonds and as investors awaited Friday's key US jobs report.The Fed said on Wednesday that it would keep to its bond purchasing, citing growth risks from recent US government budget tightening and still-high unemployment.The US central bank currently buys $85 billion of longer dated US Treasuries and mortgage-backed bonds every month.The non-farm payrolls report for ...
TOKYO: Japanese government bond prices slipped on Tuesday, as investors made room in their portfolios to buy at the next day's 10-year sale in a holiday-shortened trading week.The Bank of Japan also offered to buy JGBs outright in its regular asset-purchasing operations.The central bank said it will buy up to 200 billion yen ($2.04 billion) of notes with residual maturities of more than 1 year and up to 3 years, and an additional 400 billion ...
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