Financial

Euro zone yields stay low on ECB stimulus expectations

The ECB committed in October to further easing in December, which has underpinned euro zone government bonds in recent weeks.

Published 27 Nov, 2020 04:07pm

Financial

Euro zone bond yields edge down after dovish ECB messaging

It is essential that the macroeconomic recovery is not derailed by a premature steepening of the yield curve.
Safe-haven benchmark German 10-year yields fell down by about 1.5 basis point on the day to -0.585%.

Published 26 Nov, 2020 10:53pm

Financial

Longer-term yields rise further as investors embrace risk

The benchmark 10-year yield was last up 2.7 basis points at 0.8865% and the yield curve steepened.
With yields of 85 or 88 basis points, that's not very attractive on the 10-year (note), and (people are) going to look for returns elsewhere.

Published 25 Nov, 2020 12:47am

Financial

NY Fed's Williams: Emergency lending programs could be started if needed: WSJ

They have played and continue to play an important backstop role, but right now I think financial conditions are quite favorable.
The Fed's bond purchases, which were initially intended to improve market functioning, are now playing a key role in supporting the economy.

Published 25 Nov, 2020 12:20am

Financial

Euro zone bond yields tick up; EU launches third bond sale for SURE

That boosted riskier assets like stocks and trade-sensitive currencies, while euro zone bonds were hurt marginally.

Published 24 Nov, 2020 04:10pm

Financial

Euro zone government bond yields steady; investors ignore AstraZeneca vaccine news

The spread between German and Italian government bond yields -- essentially the premium Italy is paying for its debt -- stood at 117 basis points, close to a two-and-a-half year low.

Published 23 Nov, 2020 06:32pm

Financial

Treasury's Fed funding clawback will not 'hamstring' new administration

The Fed facilities will not be dissolved, and can be quickly recapitalized to a lending capacity of $750 billion to $800 billion with funds.
Mnuchin told Fed Chair Jerome Powell in a letter on Thursday that the $455 billion allocated to Treasury

Published 21 Nov, 2020 12:12am

Financial

German 10-year yields fall to 9-day low after U.S. removes key Fed programmes

The U.S. government will end some crisis programs on Dec. 31 that the Federal Reserve views as vital to keeping the economy stable.

Published 20 Nov, 2020 05:14pm

Financial

German Bund yield dips to 1-1/2 week low, bonds underpinned by ECB outlook

Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the pandemic.
Germany's benchmark 10-year bond yield was steady at -0.56%, having dipped in early trade to its lowest level in 1-1/2 weeks at -0.579%.

Published 18 Nov, 2020 06:39pm

Financial

Yields fall as economic optimism fades, retail sales disappoint

Retail sales rose 0.3% last month, below economists' expectations of 0.5%.
"This is the first sign that Q4 us going to be pretty weak," said Tom Simons, a money market economist at Jefferies in New York.

Updated 17 Nov, 2020 07:50pm

Financial

Euro zone bonds react little to recovery fund veto; Italy to sell dollar bond

Yields stable after Hungary, Poland veto recovery fund.
Italy to sell US dollar bond after a year.
ESTR reverses last week's sharp rise.

Published 17 Nov, 2020 05:30pm

Financial

China lines up banks for record euro-denominated government bond sale

The bonds will follow a similar move a year ago, which was the first time in 15 years China had issued euro-denominated government debt.
There has been quite a few deals recently from EM countries," the source close to the deal added.

Published 16 Nov, 2020 07:42pm

Financial

Yields rise on positive COVID-19 vaccine news

Moderna Inc's experimental vaccine was 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial.
It's great vaccine news but it's still not being distributed to the general public.

Published 16 Nov, 2020 07:35pm

Financial

Euro zone government bond yields fall, ECB in focus

Japanese economic growth beat records and forecasts , while output in China was stronger than expected.
Germany's benchmark 10-year Bund yield was down 1 basis point, after hitting a one-week low at -0.569%.

Published 16 Nov, 2020 05:32pm

Financial

China regulator says financial innovation must not create oligopolies

Xiao defended the role of financial regulation in maintaining a fair market competition environment, reducing "too big to fail" moral hazards and maintaining financial stability.
Ma said China's regulatory system was stifling innovation and needed to be reformed to fuel growth.

Published 14 Nov, 2020 06:10pm

Financial

US yields mixed as markets consolidate amid nagging COVID concerns

The yield curve steepened on Friday, after flattening the previous session, with the spread between two-year and 10-year notes widening to 71 basis points.
"What we have seen the last few days is some of the exuberance coming off the vaccine," said Zachary Griffiths, macro strategist at Wells Fargo.

Published 13 Nov, 2020 08:51pm

Financial

ECB's cautious optimism on vaccine supports euro debt markets

News of a vaccine against the novel coronavirus is positive but it will take some time before this has a positive impact on economic activity,
They all shared similar concerns that a potential Covid-19 vaccine would not end the economic challenges of the pandemic.

Published 13 Nov, 2020 06:23pm

Financial

Euro zone bond yields fall as vaccine optimism fades

Bond yields fall as vaccine optimism fades.
Germany's 10-year yield seen trading in range.
Italy's risk premium falls to lowest since Q2 2018.
Focus on European Central Bank.

Published 12 Nov, 2020 05:29pm

Financial

Southern euro zone bond yields fall to new record lows

Italian, Greek yields hit new record lows.
Portuguese 10-year yield on cusp of turning negative.
German bund yields pinned near recent levels.

Published 09 Nov, 2020 05:47pm

Financial

Italian 10-year government bond yield falls to record low as US election gridlock lingers

Italian five-year yields were still in negative territory, after falling below zero percent for the first time on Thursday.
The Italian 10-year BTP yield was down by 2.3 basis points at 0.610%, having fallen to 0.603% earlier,

Published 06 Nov, 2020 08:02pm

Financial

US bond yields steady, focus fixed on election news, jobs data

Election uncertainty and a growing expectation that the scope for hefty stimulus will be limited has pushed down US Treasury yields sharply this week.
Thirty-year Treasury yields were also steady at around 1.54% and also holding above the previous day's lows.

Published 06 Nov, 2020 05:32pm

Financial

US bond yields tumble on election uncertainty, scaling back of stimulus bets

The benchmark 10-year yield was trading at 0.80% , off session lows but well below five-month highs touched briefly during Asian trade at 0.945%.
Markets got what they really didn't want, with a lot of uncertainty this morning.

Published 04 Nov, 2020 05:41pm

Financial

Yields climb as market awaits US election results

Americans headed to the polls to decide whether incumbent Republican President Donald Trump or his Democratic challenger Joe Biden will be elected president.
Yields on two- and five-year notes also reached multi-month highs earlier in the session.

Published 03 Nov, 2020 08:50pm

Financial

Ant Group's $37bn listing suspended in Shanghai and Hong Kong

The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market.
Shanghai described Ant's meeting with Chinese financial regulators as a "major event".

Published 03 Nov, 2020 07:34pm

Financial

Three-quarters of euro govt bonds, a record high, now have sub-zero yields

The market value of euro area sovereign bonds with yields below 0% rose to around 6.53 trillion euros, or 73.25% of the total market as of the end of October.
Large swathes of peripheral bond markets joined the negative yield club last month as expectations for more European Central Bank stimulus grew.

Published 02 Nov, 2020 07:24pm

Financial

Yields little changed by jump in GDP, fall in jobless claims

The American economy grew at a record pace in the third quarter as the government injected more than $3 trillion worth of pandemic relief.
"It's the largest GDP quarter on record after the smallest," said Justin Lederer, Treasury trader and analyst at Cantor Fitzgerald.

Published 29 Oct, 2020 08:26pm

Financial

Italian bond yields fall as ECB hints at December stimulus

The European Central Bank left policy unchanged at a meeting on Thursday as expected, but provided the clearest hint yet of fresh easing at its next meeting in December.
"The door for December action is wide open."

Published 29 Oct, 2020 07:32pm

Financial

Ant Group's Shanghai retail book for $34.4bn listing 872 times oversubscribed

Ant is poised to raise about $17.2 billion on Shanghai's STAR Market and roughly the same in Hong Kong.
The oversubcription equates to investment interest of about 4 trillion yuan ($596.76 billion).

Published 29 Oct, 2020 05:49pm

Financial

Yields fall as global COVID cases soar

Germany and France are planning strict restrictions not seen since the spring on Wednesday as COVID-19 deaths across Europe rose almost 40% in a week.
Treasuries bull flattened further overnight as global risk assets came under pressure on renewed lockdown momentum in Europe.

Published 28 Oct, 2020 06:32pm

Financial

Euro zone bond yields dip as investors remain cautious

White House economic adviser Larry Kudlow said on Monday that talks over a coronavirus relief package have slowed.
Ahead of the ECB on Thursday and the US presidential election in just one week, we expect EGB (euro government bond) markets to stay in a tight range with no additional risk positions being taken on.

Published 27 Oct, 2020 05:08pm

Gainers
Losers
Leaders

Stock	Price
Saudi Pak Leas. / Nov 29 Saudi Pak Leasing Company Limited(SPLC)	1.4000 ▲ 0.20 (16.67%)
Chakwal Spinng / Nov 29 Chakwal Spinning Mills Limited(CWSM)	2.2700 ▲ 0.32 (12.31%)
Media Times / Nov 29 Media Times Limited(MDTL)	1.4200 ▲ 0.17 (12.00%)
Ravi Textile / Nov 29 Ravi Textile Mills Limited(RAVT)	6.4900 ▲ 0.59 (10.00%)
First Pak Modaraba / Nov 29 First Pak Modaraba(PAKMI)	1.7500 ▲ 0.15 (9.37%)
Hum Network / Nov 29 Hum Network Limited(HUMNL)	7.0367 ▲ 0.54 (7.69%)
General Tyre / Nov 29 The General Tyre & Rubber(GTYR)	68.5900 ▲ 5.09 (6.77%)
Artistic Den. / Nov 29 Artistic Denim Mills Limited(ADMM)	83.5800 ▲ 5.08 (6.47%)
Buxly / Nov 29 Buxly Paints Limited(BUXL)	64.4100 ▲ 3.90 (6.45%)
Zephyr Tex / Nov 29 Zephyr Textiles Limited(ZTL)	11.0000 ▲ 0.65 (6.28%)

Stock	Price
EFU Life Assur. / Nov 29 EFU Life Assurance Limited(EFUL)	200.0000 ▼ 0.00 (-9.25%)
ZIL Ltd. / Nov 29 ZIL Limited(ZIL)	108.0000 ▼ 2.00 (-1.85%)
Descon Oxy. / Nov 29 Descon Oxychem Limited(DOL)	32.2300 ▼ 0.32 (-0.56%)
Honda Atlas Car / Nov 29 Honda Atlas Cars (Pakistan) Limited(HCAR)	289.9000 ▼ 2.40 (-0.17%)
Sitara Peroxide / Nov 29 Sitara Peroxide Limited(SPL)	22.0000 ▼ 0.00 (0.00%)
Fatima Fert.Co. / Nov 29 Fatima Fertilizer Company Limited(FATIMA)	28.0000 ▼ 0.00 (0.00%)
HBL Inv.Fund / Nov 29 HBL Investment Fund(HIFA)	2.8200 ▼ 0.00 (0.00%)
I. C. I. / Nov 29 ICI Pakistan Limited New(ICI)	704.0000 ▼ 4.00 (0.00%)
Mian Textile / Nov 29 Mian Textile Industries Limited(MTIL)	8.1500 ▼ 0.00 (0.00%)
Fazal Cloth / Nov 29 Fazal Cloth Mills Limited(FZCM)	137.3600 ▼ 0.00 (0.00%)

Stock	Volume
Unity Foods / Nov 29 Unity Foods Limited(UNITY)	25,016,500 ▼ 0.76
TRG Pak. / Nov 29 TRG Pakistan Limited(TRG)	22,762,500 ▼ 4.20
Hum Network / Nov 29 Hum Network Limited(HUMNL)	16,218,500 ▼ 0.54
TPL Corp / Nov 29 TPL Corp Limited(TPL)	12,645,500 ▼ 0.44
K-Electric Ltd / Nov 29 K-Electric Limited(KEL)	11,975,000 ▼ 0.14
Pakistan Refinery / Nov 29 Pakistan Refinery Limited(PRL)	9,053,500 ▼ 0.75
Maple Leaf / Nov 29 Maple Leaf Cement Factory Limited(MLCF)	8,575,447 ▼ 0.65
Hascol Petroleum / Nov 29 Hascol Petroleum Limited(HASCOL)	8,449,878 ▼ 0.55
Worldcall / Nov 29 Worldcall Telecom Limited(WTL)	8,126,500 ▼ 0.07
Fauji Foods / Nov 29 Fauji Foods Limited(FFL)	5,072,500 ▼ 0.65

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Nov 28	159.50
USD PKR Interbank Buying / Nov 28	159.35
USD to Japanese Yen / Nov 28	104.09
USD to Swiss Franc / Nov 28	0.91
Pound Sterling to USD / Nov 28	1.33
Euro to USD / Nov 28	1.20

Stock	Volume
S&P 500 / Nov 28	3638.35
India Sensex / Nov 28	44149.72
Tokyo Nikkei / Nov 28	26644.71
Nasdaq / Nov 28	12205.85
Hang Seng / Nov 28	26894.68
FTSE 100 / Nov 28	6367.58
Dow Jones / Nov 28	29910.37
Germany DAX 30 / Nov 28	13335.68
France CAC40 / Nov 28	5598.18

Indicator	Value
Per Capita Income USD (CPI) / Nov 19	1516.00
Weekly Foreign Reserves / Nov 27	20085.60
GDPGROWTH / Nov 27	1.00
Foreign Debt (PKR billions) / Nov 27	17000.00
Average CPI % / Nov 27	11.11
UK LIBOR % / Nov 28	0.08

Financial

Euro zone yields stay low on ECB stimulus expectations

Euro zone bond yields edge down after dovish ECB messaging

Longer-term yields rise further as investors embrace risk

NY Fed's Williams: Emergency lending programs could be started if needed: WSJ

Euro zone bond yields tick up; EU launches third bond sale for SURE

Euro zone government bond yields steady; investors ignore AstraZeneca vaccine news

Treasury's Fed funding clawback will not 'hamstring' new administration

German 10-year yields fall to 9-day low after U.S. removes key Fed programmes

German Bund yield dips to 1-1/2 week low, bonds underpinned by ECB outlook

Yields fall as economic optimism fades, retail sales disappoint

Euro zone bonds react little to recovery fund veto; Italy to sell dollar bond

China lines up banks for record euro-denominated government bond sale

Yields rise on positive COVID-19 vaccine news

Euro zone government bond yields fall, ECB in focus

China regulator says financial innovation must not create oligopolies

US yields mixed as markets consolidate amid nagging COVID concerns

ECB's cautious optimism on vaccine supports euro debt markets

Euro zone bond yields fall as vaccine optimism fades

Southern euro zone bond yields fall to new record lows

Italian 10-year government bond yield falls to record low as US election gridlock lingers

US bond yields steady, focus fixed on election news, jobs data

US bond yields tumble on election uncertainty, scaling back of stimulus bets

Yields climb as market awaits US election results

Ant Group's $37bn listing suspended in Shanghai and Hong Kong

Three-quarters of euro govt bonds, a record high, now have sub-zero yields

Yields little changed by jump in GDP, fall in jobless claims

Italian bond yields fall as ECB hints at December stimulus

Ant Group's Shanghai retail book for $34.4bn listing 872 times oversubscribed

Yields fall as global COVID cases soar

Euro zone bond yields dip as investors remain cautious

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