JGB yields fall, curve flattens as recovery hopes lose steam

TOKYO, Aug 5 (Reuters) – Japanese government bond yields fell on Wednesday and the yield curve flattened, as hopes for a swift economic recovery from the coronavirus outbreak started to fade. The move followed a similar decline in U.S. Treasury yields. The five-year Treasury yield hit a record low on Tuesday and the benchmark 10-year Treasury yield fell to a […]

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JGBs gain after solid 10-year debt auction

TOKYO, Aug 4 (Reuters) – Most Japanese government bond prices rose on Tuesday as a successful 10-year debt sale offset a rally in Tokyo equities. The bid-to-cover ratio, a gauge of demand, at the 2.6 trillion yen ($24.51 billion) 10-year debt sale was at 3.64, little changed from the previous auction’s 3.66. Following the auction result, benchmark 10-year JGB futures […]

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A trading tool that's transforming the $10 trillion-plus corporate bond market

LONDON (Reuters) – Expectations of a borrowing deluge from corporates globally are turning bond market attention to a little-known tool that’s already helping smooth trading of illiquid debt the way exchange-traded funds (ETFs) did years ago. The innovation, known as portfolio trading, involves bundling several bonds into a single package to trade. Once unwieldy and time-consuming, tech innovation is rapidly […]

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JGB yields edge up ahead of 40-year auction

TOKYO, July 27 (Reuters) – Japanese government bond yields edged up on Monday, the first trading session after a long weekend, as traders hedged positions ahead of Tuesday’s 40-year debt auction. The 10-year JGB yield added half a basis point to 0.015%, while the benchmark 10-year JGB futures were down 0.04 point to 152.34, with a trading volume of 10,581 […]

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Fannie-Freddie Risk Bonds Threaten Big Losses for Fund Managers

Hedge funds and mutual funds are among bond holders that could lose $2 billion as a consequence of U.S. lawmakers’ letting millions of homeowners delay their mortgage payments during the coronavirus pandemic. At stake are so-called credit-risk-transfer securities whose owners include fixed-income funds run by Franklin Resources and AllianceBernstein Holding LP. The securities, which threaten to lead to estimated losses […]

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