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(Corrects to say German yield rose to highest since late, not early February in paragraph 4, Germany selling two-year, not three-year bond in last paragraph) Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr
AMSTERDAM, April 20 (Reuters) - Euro zone bond yields continued to rise on Tuesday, but moves were contained after a hefty sell-off on Monday in a data-light trading session just two days before the bloc’s central bank meeting.
Trading remained relatively contained compared to Monday, when German bond yields rose as much as 5 basis points, with no major data releases due on Tuesday and attention turning to the European Central Bank meeting on Thursday.
BlackRock optimistic on EM in 2021
April 20 (Reuters) - Russia’s rouble was supported by stronger oil prices on Tuesday, but gains were limited as tensions with Ukraine ramped up, while emerging market stocks rose on improving sentiment over a global economic recovery.
The rouble added about 0.2% as oil prices rose on the prospect of improving global demand. But the currency has marked volatile sessions after the United States imposed sanctions on Russia last week.
Tensions escalated on Monday after Moscow was said to have assembled more than 100,000 troops on Ukraine’s border. An ongoing row with the Czech Republic also has the potential to dampen sentiment over Russian financial markets.
By Reuters Staff
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FILE PHOTO: People walk past a branch of Haitong Securities, in Shanghai, China, January 26, 2017. REUTERS/Aly Song
HONG KONG (Reuters) - China’s securities regulator said on Wednesday it had suspended Haitong Securities Co Ltd from conducting bond investment advisory work for institutional investors due to what it called lax risk control measures.
China’s Securities Regulatory Commission (CSRC) said the major Chinese brokerage did not effectively control and fend off risks when it conducted bond business, and that it had caused serious negative effects to the market.
Haitong Securities did not respond to a call seeking comment on Wednesday.
Governor says global recovery stronger than expected But trims 2021 domestic GDP forecast to 4.1%-5.1% from 4.3%-5.3% Says to keep strengthening measures to support rupiah (Adds more remarks by the central bank governor, economist comment)
JAKARTA, April 20 (Reuters) - Indonesia’s central bank kept its main policy rate at a record low on Tuesday and trimmed its 2021 growth forecast for Southeast Asia’s largest economy, while pledging to strengthen measures to keep the rupiah currency stable.
Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate at 3.50%, where it has been since February and as expected by all 27 analysts in a Reuters poll.
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April 19 (Reuters) - Life insurers in Japan and Taiwan are shunning Treasuries as benchmark yields languish around five-week lows.
Japan’s Daido Life Insurance said it would consider buying 10-year Treasuries when yields rise to 2%, from around 1.56% currently, while a major Taiwanese insurer said it would buy when yields approach 1.75%.
The benchmark yield rose as high as 1.776% at the end of March for the first time in 14 months, as investors bet that massive fiscal stimulus amid continued monetary easing in the United States would spark faster inflation than the Federal Reserve anticipates.
But this month, the Fed’s insistence that near-term price pressures will be transitory has soothed the market, with the 10-year yield dropping as low as 1.528% last Thursday.