Sentences with phrase «currency bonds»

He is also portfolio manager for the emerging markets local currency bond portfolios.

A well - functioning local - currency bond market allows a government much more economic policy flexibility than can be experienced when tied to foreign currency borrowing.

Indeed, Canadian plan sponsors have been able to invest in foreign currency bond issues of Canadian issuers for many years.

We use a five - year bond as representative of the approximate duration risk an investor faces in a broad emerging markets local currency bond index.

The poor returns and volatility of foreign currency bond mandates relative to Canadian fixed income mandates have not made this an attractive asset class.

But these foreign currency bonds get increasingly difficult to service for these countries when the local currency crashes.

We do not expect a major investment in foreign currency bonds by sponsors.

The iShares J.P. Morgan EM Local Currency Bond ETF provides exposure to bond issues across several emerging markets — a riskier proposition on its face than investing in developed countries with better credit ratings, which helps explain the high yield.

The S&P Pan Asia Bond Index, which seeks to track local currency bonds in 10 countries and is calculated in USD, continued to be weighed down by the weakness of local currencies in 2016, dropping 1.86 % for the year.

Argo Local Markets Fund (ALMF, $ 7 mio): This is a new long / short emerging markets local currency bond fund, launched in Nov - 2012.

Record foreign currency bond issuance by Australian entities in 2004 has pushed up the cost of converting foreign currency to Australian dollars and made it cheap for foreigners to do the opposite (Graph B3).

The short - term foreign - currency bond ceiling remains unchanged at Not Prime.

Economic fundamentals have turned a corner and a more stable U.S. dollar suggests an opportunity for local - currency bond investing.

Regardless of the surprises, or the volatilities, the risk appetite for the Asian local currency bonds continues to be very solid, which implies the investors are happy with the risk premium they are receiving.

With dollar weakness complicating the investment case for U.S. fixed income assets, flows to U.S. Bond Funds were close to neutral going into March as investors pulled back from all the major groups except Emerging Markets Hard Currency Bond Funds...

The organization has subsequently come up with the regulation that say that to have user currency bond, each account must have 20 Lumens minimum.

Emerging - market local currency bonds returned almost 3 per cent, while equities from developing nations also clung onto gains.

In the EM local currency bond space, Colombia (10 - year yield -37 bp), South Africa -LRB--18 bp), and Ukraine -LRB--17 bp) have outperformed this week, while the Philippines (10 - year yield +27), Brazil (+20 bp), and Mexico (+4 bp) have underperformed.

So, the next time you find yourself cornered at a cocktail party, just remember these four things: Emerging market local currency bonds appear to offer attractive real yields and improving credit quality.

Japan's Asahi Mutual Life Insurance Co plans to invest 100 billion yen this fiscal year in foreign currency bonds without hedging, or «open» foreign bonds, and also cut exposure to dollar assets, a senior company executive said on Wednesday.

This is the first foreign currency bond offering by the Ministry of Finance since 2004.

Investors should also find ample liquidity in the VanEck Vectors J.P. Morgan EM Local Currency Bond ETF (EMLC), with $ 55.01 M in daily dollar volume.

Economic fundamentals have turned a corner and a more stable U.S. dollar suggests an opportunity for local - currency bond investing.

Bonds denominated in renminbi in the Hong Kong market, known as CNH bonds, outperformed dollar - denominated and other local currency bonds in Asia last year, with a more than 6 % total return in dollar terms, as investors sought stability in the resilience of the Chinese currency, according to a report by HSBC.

It is also unlikely that plan sponsors will take advantage of the dropping of the foreign property limits to make substantial investments in foreign currency bond issues.

Exhibit 1 lists the yield - to - worst of the ten local currency bond markets tracked by the S&P Pan Asia Bond Index.

During the 2008 financial crisis the carry trade and foreign currency bonds in general came under criticism in Japan for contributing to the crisis.

The two largest holdings, which each represent 15 % of the total, are iShares MSCI EAFE Small - Cap ETF and iShares Emerging Markets Local Currency Bond ETF.

And indeed, Rosneft this week raised some $ 9.4 billion through the sale of local currency bonds, at a time when it has no other conceivable use for such a huge pile of cash.

The emerging market slaughter will continue, especially for countries with weaker fundamentals; their equities, currency and local currency bonds and foreign currency bonds bearish slump has not yet reached the bottom.

Finally, we prefer hard - currency EM bonds — particularly high - yielding oil exporters such as Russia, Colombia and Kazakhstan — and short - duration local currency bonds in some countries.

The most visible impact of this has been in the drying up of inflows from Japan into dual - currency bonds in 1997, following the easings.

At the end of August, Russia defaulted — not on its foreign currency bonds, which would have been no surprise, but on its rouble - denominated obligations.

Dangote Cement Plc said it got approval from Nigerian regulators to issue 300 billion naira ($ 833 million) in local - currency bonds...

Other investors may want to consider the iShares Emerging Markets Local Currency Bond ETF (LEMB), iShares Emerging Markets Corporate Bond ETF (CEMB), or iShares Emerging Markets High Yield Bond ETF (EMHY).

On Wednesday, July 30th, S&P cut the credit rating on Argentina's foreign currency bonds to «selective default» after they failed to reach a deal with holdout bondholders from their last default in 2001.

The S&P Pan Asia Bond Index tracks the performance of the local currency bonds in the 10 Pan Asian countries.

The size of Asia's local currency bond markets, as measured by the S&P Pan Asia Bond Index, gained 20 % to reach USD 10.3 trillion in 2016, reflecting steady market expansion.

Despite the weakness in local currencies, the S&P Pan Asia Bond Index, which is designed to track local currency bonds in 10 countries and is calculated in USD, delivered a total return of 1.45 % for 2015.

Diversify into foreign currency bonds.