Sentences with phrase «local currency bonds in»

As tracked by the S&P Japan Bond Index, a broad base benchmark that measures the performance of the government and corporate local currency bonds in Japan, the total outstanding par amount have reached over 1,070 trillion Yen this August.

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.

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

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.

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.

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.

Not exact matches

There are currently no emerging - market fixed income products denominated in Canadian dollars; investors have to buy either American dollar securities (also called hard dollar bonds) or the local currency option.

Both come with exchange risks, but U.S. dollar bonds are usually less volatile than those denominated in local currency, says Lian.

IIF noted in a recent report that plans to privatize several state - owned enterprises beyond the Aramco deal, a doubling in the size of the domestic stock market and the trading of local currency government bonds on the Saudi exchange, which began this month, all deepen the kingdom's capital markets.

That puts pressure on currencies, because bonds are mostly denominated in the local coinage.

Continued foreign currency bond issuance by Asian residents and foreign participation in local currency bond markets has contributed to this growth.

These initiatives have included various measures to encourage broader participation in local currency bond markets, including by non-residents.

Issuers may be located in any geography, but holdings must be either denominated in one of the G10 currencies, or issued outside of the home market of the issue currency — effectively excluding local - currency emerging - market bonds.

That group issued a report in September, identifying ways international development banks and other organizations can support the development of local currency green bond markets around the world.

Capital controls have historically been as much about preventing foreigners from buying local government bonds as it has been about preventing destabilizing bouts of flight capital, and living in China, where an aggressive demand for the privileges of reserve currency status coincide with equally aggressive policies that prevent the RMB from achieving reserve currency status (and that transfer ever more of the «benefits» to the US) made clear the huge gap in rhetoric and practice.

The government's elevated gross borrowing requirements estimated at around 17 % of GDP per year between 2017 and 2019 are mainly driven by sizeable maturing government bonds — in particular, local currency USD - indexed bonds — on top of fiscal deficits averaging around 3.8 % of GDP.

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.

When GEM is in bonds, investors would use either their local country's aggregate bond index or a currency - hedged version of the US Aggregate Bond Inbond index or a currency - hedged version of the US Aggregate Bond InBond Index.

We are currently focused on directional valuation opportunities in three primary areas of the global bond markets: developed - market currencies, US Treasuries and local - currency exposures in emerging markets.

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

Instead, you start with a risk free rate in a currency where you believe that the government bond rate is a reliable measure of the risk free rate (US Treasury Bond, German Euro Bond) and then add to this number the differential inflation rate between the US dollar and the local currebond rate is a reliable measure of the risk free rate (US Treasury Bond, German Euro Bond) and then add to this number the differential inflation rate between the US dollar and the local curreBond, German Euro Bond) and then add to this number the differential inflation rate between the US dollar and the local curreBond) and then add to this number the differential inflation rate between the US dollar and the local currency.

In the differential inflation approach, using the US dollar risk - free rate as the starting point, you are assuming a global real risk free rate, set equal to that rate embedded in the US treasury bond rate as the base for all local currency risk free rateIn the differential inflation approach, using the US dollar risk - free rate as the starting point, you are assuming a global real risk free rate, set equal to that rate embedded in the US treasury bond rate as the base for all local currency risk free ratein the US treasury bond rate as the base for all local currency risk free rates.

On the other hand, the S&P Pan Asia Sovereign Bond Index, which seeks to track the performance of local - currency - denominated sovereign bonds in 10 countries, continued its plunge this quarter, dropping 2.26 % for the month and 0.15 % YTD as of Dec. 21, 2016.

The third approach is to ignore government bond rates in the local currency entirely, either because you believe that they are not liquid enough to yield reliable numbers or because they contain default risk.

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 expansbond markets, as measured by the S&P Pan Asia Bond Index, gained 20 % to reach USD 10.3 trillion in 2016, reflecting steady market expansBond Index, gained 20 % to reach USD 10.3 trillion in 2016, reflecting steady market expansion.

It is 1.7 times the size of the local currency bond market in China, as measured by the S&P China Bond Inbond market in China, as measured by the S&P China Bond InBond Index.

The size of the local currency bond market in Japan (tracked by the S&P Japan Bond Index) stood at JPY 1,154 trillion as of Jan. 27, 2016, which is equivalent to USD 9.7 trillbond market in Japan (tracked by the S&P Japan Bond Index) stood at JPY 1,154 trillion as of Jan. 27, 2016, which is equivalent to USD 9.7 trillBond Index) stood at JPY 1,154 trillion as of Jan. 27, 2016, which is equivalent to USD 9.7 trillion.

Looking at the country level, the S&P China Bond Index rose 3.24 % YTD as of June 29, 2015, compared to the 1.95 % YTD gain of the S&P Pan Asia Bond Index, which tracks the performance of local - currency - denominated government and corporate bonds from 10 countries in the Pan Asia region.

The local currency bond market, as tracked by the S&P China Bond Index, grew over 19 % in the past ybond market, as tracked by the S&P China Bond Index, grew over 19 % in the past yBond Index, grew over 19 % in the past year.

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.

Emerging market sovereign bonds that are issued in local currencies are supported by high real yields and improving credit quality.

Fifteen years ago trading in local currency emerging market bonds was negligible.

Provided that the interest rate differential between the foreign and local currency is maintained, the investor will receive higher interest rate payments than if he / she had invested in a Japanese Yen - denominated bond.

Right now, bonds issued by emerging market governments in their local currencies appear to offer far and away the most compelling investment opportunity.

The size of Asia's local currency bond markets, as measured by the S&P Pan Asia Bond Index increased 21 % to USD 8.40 trillion in 2015, which reflected the continuous market expansbond markets, as measured by the S&P Pan Asia Bond Index increased 21 % to USD 8.40 trillion in 2015, which reflected the continuous market expansBond Index increased 21 % to USD 8.40 trillion in 2015, which reflected the continuous market expansion.

Given recent price and economic momentum, we are reasonably confident the bear market in EM assets — five years long for EM equities and currencies, and three years long for EM local currency bonds — came to an end in January 2016, and the early stages of a bull market look to be well underway.

However, one disadvantage of issuing government bonds is that as the government bond payments are made in the local currency of the country, there is a risk of inflation of the currency and in case of inflation, the value of the currency paid to you for the government bonds that you own may decrease.

When GEM is in bonds, investors would use either their local country's aggregate bond index or a currency - hedged version of the US Aggregate Bond Inbond index or a currency - hedged version of the US Aggregate Bond InBond Index.

In his role as assistant fund manager he transferred to Aberdeen's Singapore office in 2004 to facilitate the incorporation of Asian fixed income into global bond portfolios, before joining the Asian fixed income team in 2005 to focus on Asian local currency interest rate and foreign exchange strategIn his role as assistant fund manager he transferred to Aberdeen's Singapore office in 2004 to facilitate the incorporation of Asian fixed income into global bond portfolios, before joining the Asian fixed income team in 2005 to focus on Asian local currency interest rate and foreign exchange strategin 2004 to facilitate the incorporation of Asian fixed income into global bond portfolios, before joining the Asian fixed income team in 2005 to focus on Asian local currency interest rate and foreign exchange strategin 2005 to focus on Asian local currency interest rate and foreign exchange strategy.

We focused on the US and emerging markets, measuring returns for bonds priced in dollars and in local currencies.

The overall local currency bond market in Indonesia, as represented by the S&P Indonesia Bond Index, rose 14.05 % YTD, and it was the best - performing country within Pan Asian bond univebond market in Indonesia, as represented by the S&P Indonesia Bond Index, rose 14.05 % YTD, and it was the best - performing country within Pan Asian bond univeBond Index, rose 14.05 % YTD, and it was the best - performing country within Pan Asian bond univebond universe.

The size of Asia's local currency bond markets, as measured by the S&P Pan Asia Bond Index, continued to expand and grew 17 % to reach USD 12.1 trillion in 2bond markets, as measured by the S&P Pan Asia Bond Index, continued to expand and grew 17 % to reach USD 12.1 trillion in 2Bond Index, continued to expand and grew 17 % to reach USD 12.1 trillion in 2017.

The total local currency new issuances in the index was only around one - third of last year's rate, as Indonesian sovereigns continued to tap into different foreign currency markets; for example, they raised USD 4 billion from its global bond issuance in the first week of December.

As such, the funds are two - thirds invested in sovereign and quasi-sovereign dollar bonds, «and then I look to add alpha through either corporate bonds, local currency and on occasion equities,» for a maximum weight of one - third of the fund.

The Markit iBoxx Asian Local Bond Index tracks the total return performance of a bond portfolio consisting of local - currency denominated, high quality and liquid bonds in Asia ex-JLocal Bond Index tracks the total return performance of a bond portfolio consisting of local - currency denominated, high quality and liquid bonds in Asia ex-JaBond Index tracks the total return performance of a bond portfolio consisting of local - currency denominated, high quality and liquid bonds in Asia ex-Jabond portfolio consisting of local - currency denominated, high quality and liquid bonds in Asia ex-Jlocal - currency denominated, high quality and liquid bonds in Asia ex-Japan.

The new categories are Infrastructure equity funds, emerging markets bond funds denominated in local currency and long - short credit and option - writing categories, both under the alternatives umbrella.

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 yiBond 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 yibond 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.

Reflecting the strong demand and continuous development, the size of the Asian local currency bond markets, measured by the S&P Pan Asia Bond Index, expanded by more than 9 % to USD 6.94 trillion in 2bond markets, measured by the S&P Pan Asia Bond Index, expanded by more than 9 % to USD 6.94 trillion in 2Bond Index, expanded by more than 9 % to USD 6.94 trillion in 2014.

All Canadian Bonds: 5.4 % Short Canadian Bonds: 4.5 % Real Return Bonds: 14.5 % Canadian Stocks (S&P / TSX Composite): 35.1 % US Stocks (S&P 500): 9.2 % (26.5 % in USD) Developed Markets (MSCI EAFE Index): 14.4 % (25.4 % in local currency) Emerging Markets: 54.6 % (62.8 % in local currency) REITs: 55.3 %

The S&P Pan Asia Corporate Bond Index is designed to track the performance of local - currency denominated corporate bonds from 10 countries in Pan...