Financial -Markets - Business Recorder

Financial

Yields move off session low as stocks stabilize

Yields on the 10-year US Treasury note have drifted lower the last several sessions as stocks have come under pressure,
Overall, we are seeing fixed income markets exude a great deal of calmness and a calm approach in contrast to what we are seeing in equities.

Published 23 Sep, 2020 01:11am

Financial

Indonesia raises 22trn rupiah from debt auction: finance ministry

Incoming bids on Tuesday were 46.12 trillion rupiah, the lowest appetite since April 28.

Published 22 Sep, 2020 03:44pm

Financial

China says it will step up financial support for supply chains

China will use credit, bonds and other financing tools to support core firms in supply chains, said the guidelines.

Published 22 Sep, 2020 03:19pm

Financial

Italy bond yields tumble as Salvini falls short

Italy's 10-year bond yield fell 6 basis points to around 0.88pc, its lowest level since February. It was poised for its biggest one-day fall in almost three weeks.

Published 22 Sep, 2020 03:10pm

Financial

Yields fall as stocks drop for fourth straight day

The yield on 10-year Treasury notes was down 2.8 basis points to 0.666%, after falling as low as 0.648% on the day.
"It's not just the weakness in stocks for today. It is the weakness we've seen in stocks over the past few days that is finally catching up to the bond investors."

Published 22 Sep, 2020 01:57am

Financial

Yields stay within range as traders eye equity markets

The benchmark 10-year yield was up less than a basis point at 0.6839%.
The Nasdaq rose at the open on Friday, shaking off a two-day decline in heavyweight technology stocks.

Published 18 Sep, 2020 08:21pm

Financial

Euro zone yields lower on expectations of more central banks measures

More easing by ECB expected.
Long end yields will strugglee to push lower.

Published 18 Sep, 2020 06:57pm

Financial

Euro zone yields extend fall, BTPs hit six month low

The BoE said it was looking more closely at how it might cut interest rates below zero as Britain's economy faces a triple whammy of rising COVID-19 cases.
The UK 10-year Gilt yield fell to its lowest level since August 11 at 0.158% after Bank of England governor Andrew Bailey's news conference.

Published 17 Sep, 2020 08:48pm

Financial

Yield curve flatter as investors doubt inflation goal

The benchmark 10-year yield was down 2.9 basis points at 0.6576% in morning trading after touching as low as 0.646%, the lowest since Sept. 4.
Wall Street's main indexes opened lower after the jobs report.

Published 17 Sep, 2020 07:28pm

Financial

Bundesbank chief defends ECB bond purchases in wake of court case

Weidmann spoke to the lawmakers via a video-link and answered questions in a closed-door session for nearly two hours.
Weidmann extended his defence to the ECB's latest bond-buying scheme, the Pandemic Emergency Purchase Programme.

Updated 16 Sep, 2020 07:42pm

Financial

Italian bond yields hit one-month low ahead of Fed meeting

The Federal Reserve is expected to wrap up its latest policy meeting on Wednesday with somewhat rosier economic forecasts.
The street has priced out rate hikes to 2025, and when coupled with the fact the Fed has already ruled out the possibility of negative interest rates.

Published 16 Sep, 2020 05:22pm

Financial

Yield curve steeper as stocks rise, Fed meets

The benchmark 10-year yield was a basis point higher at 0.6789% in morning trading.
US stocks opened higher on Tuesday as upbeat data from China revived optimism around an economic rebound.

Updated 15 Sep, 2020 07:13pm

Financial

Euro zone yields dip after dovish ECB comments and ahead of Fed

Euro zone bond yields edge lower in quiet trade.
Investors prepare for two-day Fed policy meeting.
ECB policymakers signalled dovish tone on Friday.
Euro zone periphery govt bond yields.

Published 14 Sep, 2020 05:02pm

Financial

Yields drop despite higher inflation, after supply passes

But yields fell after the data, with the 10-year note yields last down one basis point on the day at 0.676%.
The 10-year yields reflect pessimism that the Federal Reserve will be able to lift inflation, despite fiscal stimulus and ongoing quantitative easing.

Updated 11 Sep, 2020 08:52pm

Financial

British insurer Aviva to sell Singapore business for $1.98bn

Aviva's shares jumped higher and were up 4.8% at 302.2 pence.
The sale of Aviva Singapore is a significant first step in our new strategy to bring greater focus to Aviva's portfolio.

Published 11 Sep, 2020 08:02pm

Financial

Yield curve steepens before 30-year auction

The Treasury has been increasing the size of its auctions across the curve as it pays for stimulus meant to boost the economy after coronavirus lockdowns.
The curve is steepening a little today, consistent with the supply this week.

Published 10 Sep, 2020 08:55pm

Financial

Euro zone bond markets look to ECB for stimulus clues

ECB statement at 1145 GMT.
Focus on ECB comments on strong euro.
Bond yields nudge lower.

Published 10 Sep, 2020 06:06pm

Financial

Euro zone bond yields fall on expectations from ECB meeting

Italy is set to raise 10 billion euros ($11.8 billion) from a new 20-year bond which drew strong demand, a lead manager said, with bids topping 84 billion euros.
UniCredit analysts were expecting 6 billion to 8 billion euros, which would have already taken Italy's funding to 77% of its target amount for this year.

Published 08 Sep, 2020 09:12pm

Financial

Ryanair launches 850mn euro bond sale, first in 3 years

The sale by Europe's largest low-cost carrier is the second by an airline in Europe since the COVID-19 pandemic crippled the sector.
Investors put in 4.4 billion euros of orders for the bond, more than five times the amount Ryanair is seeking to raise. .

Published 08 Sep, 2020 07:43pm

Financial

Yields fall as stock weakness boosts safety buying

That boosted demand for Treasuries, even though heavy supply this week is expected to weigh on the bonds.
Benchmark 10-year note yields fell 5 basis points to 0.674%.
The yield curve between two-year and 10-year notes flattened 5 basis points to 52 basis points.

Published 08 Sep, 2020 07:35pm

Financial

German funds and insurers take aim at rating agency data fees

US Moody's, S&P Global and Fitch Ratings, dubbed the Big Three, dominate credit ratings in Europe.
The major US rating agencies are exploiting their dominant market position to set their pricing.

Published 07 Sep, 2020 07:44pm

Financial

Munich Re sees slowdown in COVID-19-related losses in Q3

The world's largest reinsurer had estimated around 1.5 billion euros in COVID-19 losses in the first half of the year.
Munich Re foresees that the North American hurricanes Hanna, Isaias and Laura earlier this summer will result in a "low triple-digit million euro amount" in losses.

Published 07 Sep, 2020 06:50pm

Financial

Euro zone yields edge higher on debt supply, economic green shoots

Chinese exports rise by most in nearly 1-1/2 years
German 10-yr yields up 2 bps at -0.455%
Dovish ECB meeting could pull yields down again
Euro zone periphery govt bond yields

Published 07 Sep, 2020 05:29pm

Financial

Yields climb on August jobs report

The benchmark 10-year yield, was last up 5.5 basis points at 0.6771%.
The bond market certainly took it as an economically positive development," said Guy LeBas.

Published 04 Sep, 2020 07:32pm

Financial

German yields stabilise after previous session rally; US payrolls in focus

Traders will be watching for the US payroll data later in the day for confirmation of whether the US economy is indeed in trouble.
A disappointment in today's US jobs report could add to the gloom, but after the recent vicious moves a lot may be baked into the cake already.

Published 04 Sep, 2020 05:36pm

Financial

Yields mixed in choppy trading after jobless claims data

The benchmark 10-year yield was last down less than a basis point at 0.6445%.
We're in this dynamic where there are a lot of back-and-forth signals," he said..

Published 03 Sep, 2020 07:41pm

Financial

Investors snap up US corporate debt, pushing some real yields below zero

The ICE BofA US corporate index for bonds maturing within five to seven years, for example, is paying negative real yields for the first time since 2013.
That outlook was reinforced last week, when Chair Jerome Powell said the Fed would allow periods of higher inflation before raising rates.

Published 03 Sep, 2020 06:05pm

Financial

Saudi to allow foreigners to invest directly in debt instruments

The market regulator said resident and non-resident foreigners would be able to invest in listed and non-listed debt instruments.
The kingdom has since introduced a raft of reforms to attract overseas share buyers and issuers as part of efforts to lure foreign capital and diversify the oil-dependent economy.

Published 02 Sep, 2020 08:03pm

Financial

Yields rise slightly ahead of Fed speakers

The benchmark 10-year yield was last up 1.1 basis points at 0.6819%.
The market is being pulled in a lot of different directions," said Collin Martin.
Yields fell slightly after the ADP National Employment Report on Wednesday showed private payrolls rose by 428,000 jobs last month.

Published 02 Sep, 2020 07:42pm

Financial

Greece draws strong demand for 10-year bond reopening

The sale attracted offers worth 16 billion euros. Guidance was revised to mid-swaps plus 140 basis points.
Greece aims to raise up to 2 billion euros from the bond which matures June 18, 2030.

Published 02 Sep, 2020 05:35pm

Gainers
Losers
Leaders

Stock	Price
First Equity Mod. / Sep 23 First Equity Modaraba(FEM)	4.1900 ▲ 0.49 (13.24%)
Crescent Star / Sep 23 Crescent Star Insurance Limited(CSIL)	3.5000 ▲ 0.40 (6.13%)
Flying Cement Ltd / Sep 23 Flying Cement Company Limited(FLYNG)	10.9875 ▲ 0.71 (4.57%)
Ist Paramount / Sep 23 First Paramount Modaraba(FPRM)	6.3000 ▲ 0.31 (2.67%)
First Credit & Inv. / Sep 23 First Credit and Investment Bank Limited(FCIBL)	18.3900 ▲ 0.39 (2.17%)
Redco Tex. / Sep 23 Redco Textiles Limited(REDCO)	7.0000 ▲ 0.11 (1.60%)
P. Datacom / Sep 23 Pak Datacom Limited(PAKD)	67.7094 ▲ 3.01 (0.46%)
Thatta Cement / Sep 23 Thatta Cement Company Limited(THCCL)	24.9000 ▲ 1.38 (0.34%)
Pak Oilfields / Sep 23 Pakistan Oilfields Limited(POL)	430.0000 ▲ 2.00 (0.12%)
Engro Polymer / Sep 23 Engro Polymer & Chemicals Limited(EPCL)	45.5367 ▲ 1.49 (0.11%)

Stock	Price
PICIC Insurance / Sep 23 PICIC Insurance Limited(PIL)	1.3300 ▼ 0.26 (-19.55%)
Shaheen Ins. / Sep 23 Shaheen Insurance Company Limited(SHNI)	4.5000 ▼ 0.49 (-10.89%)
Bilal Fibres / Sep 23 Bilal Fibres Limited(BILF)	1.6900 ▼ 0.18 (-10.65%)
Pervez Ahmed Cons. / Sep 23 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.1400 ▼ 0.12 (-9.65%)
First Cap. Sec. / Sep 23 First Capital Securities Corporation(FCSC)	1.7400 ▼ 0.16 (-9.20%)
Telecard / Sep 23 Telecard Limited(TELE)	2.0904 ▼ 0.15 (-7.18%)
Dewan Farooq. Spin. / Sep 23 Dewan Farooque Spinning Mills Limited(DFSM)	1.9900 ▼ 0.09 (-6.53%)
Service Fab. / Sep 23 Service Fabrics Limited(SERF)	8.4971 ▼ 0.50 (-5.77%)
SILKBANK / Sep 23 Silkbank Limited(SILK)	1.0700 ▼ 0.07 (-5.66%)
Kohinoor Sp. / Sep 23 Kohinoor Spinning Mills Limited(KOSM)	2.8000 ▼ 0.15 (-5.36%)

Stock	Volume
K-Electric Ltd / Sep 23 K-Electric Limited(KEL)	14,128,000 ▼ 0.20
Unity Foods / Sep 23 Unity Foods Limited(UNITY)	12,816,000 ▼ 0.75
Hascol Petroleum / Sep 23 Hascol Petroleum Limited(HASCOL)	12,224,500 ▼ 0.61
SILKBANK / Sep 23 Silkbank Limited(SILK)	11,837,000 ▼ 0.07
P.T.C.L.A / Sep 23 Pakistan Telecommunication Company Ltd(PTC)	9,927,500 ▼ 0.51
Pak Int.Bulk Ter / Sep 23 Pakistan International Bulk Terminal Limited(PIBTL)	8,505,500 ▼ 0.35
Fauji Foods / Sep 23 Fauji Foods Limited(FFL)	5,256,500 ▼ 0.65
Aisha Steel / Sep 23 Aisha Steel Mills Limited(ASL)	5,070,000 ▼ 0.47
TRG Pak. / Sep 23 TRG Pakistan Limited(TRG)	4,705,500 ▼ 1.10
Pakistan Refinery / Sep 23 Pakistan Refinery Limited(PRL)	4,450,000 ▼ 0.89

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Sep 23	166.25
USD PKR Interbank Buying / Sep 23	166.15
USD to Japanese Yen / Sep 23	104.93
USD to Swiss Franc / Sep 23	0.92
Pound Sterling to USD / Sep 23	1.27
Euro to USD / Sep 23	1.17

Stock	Volume
S&P 500 / Sep 23	3317.49
India Sensex / Sep 23	37734.08
Tokyo Nikkei / Sep 23	23360.30
Nasdaq / Sep 23	10963.64
Hang Seng / Sep 23	23716.85
FTSE 100 / Sep 23	5829.46
Dow Jones / Sep 23	27288.18
Germany DAX 30 / Sep 23	12504.39
France CAC40 / Sep 23	4772.84

Indicator	Value
Weekly Foreign Reserves / Sep 22	19959.00
GDPGROWTH / Sep 22	5.40
Foreign Debt / Sep 22	15087.50
Per Capita Income (CPI) / Sep 22	1516.00
Average CPI / Sep 22	11.11
UK LIBOR / Sep 23	0.08

Business Recorder

Yields move off session low as stocks stabilize

Indonesia raises 22trn rupiah from debt auction: finance ministry

China says it will step up financial support for supply chains

Italy bond yields tumble as Salvini falls short

Yields fall as stocks drop for fourth straight day

Yields stay within range as traders eye equity markets

Euro zone yields lower on expectations of more central banks measures

Euro zone yields extend fall, BTPs hit six month low

Yield curve flatter as investors doubt inflation goal

Bundesbank chief defends ECB bond purchases in wake of court case

Italian bond yields hit one-month low ahead of Fed meeting

Yield curve steeper as stocks rise, Fed meets

Euro zone yields dip after dovish ECB comments and ahead of Fed

Yields drop despite higher inflation, after supply passes

British insurer Aviva to sell Singapore business for $1.98bn

Yield curve steepens before 30-year auction

Euro zone bond markets look to ECB for stimulus clues

Euro zone bond yields fall on expectations from ECB meeting

Ryanair launches 850mn euro bond sale, first in 3 years

Yields fall as stock weakness boosts safety buying

German funds and insurers take aim at rating agency data fees

Munich Re sees slowdown in COVID-19-related losses in Q3

Euro zone yields edge higher on debt supply, economic green shoots

Yields climb on August jobs report

German yields stabilise after previous session rally; US payrolls in focus

Yields mixed in choppy trading after jobless claims data

Investors snap up US corporate debt, pushing some real yields below zero

Saudi to allow foreigners to invest directly in debt instruments

Yields rise slightly ahead of Fed speakers

Greece draws strong demand for 10-year bond reopening

Most Popular Articles

PIA tickets become scarce as Saudi Arabia ease down travel restrictions

PIA commences flight operations to Saudi Arabia from today

Garment orders move to Pakistan, as COVID bites India, Bangladesh

Fawad Chaudhry criticize FBR ‘absurd’ formula regarding tax

FinCEN Files: Pakistan's Altaf Khanani got huge sums from account in Danske Bank

Karachi’s Saddar Bazaar emerges as the country’s highest tax paying market