Bunds hit day's high as Treasuries recover
2013-05-23 09:39:20 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds extended gains to hit session highs on Thursday, tracking US Treasuries as they recovered from overnight falls on concern the US Federal Reserve could start cutting its bond purchases in the next few sessions."The Treasuries are rallying and are dragging up everything else. The sell-off in equities caused a short-covering rally in Tokyo and in London," one trader said.Bunds we...
Dollar slips as some trim bets before Bernanke testimony
2013-05-22 08:56:46 GMT : (Markets - Fixed Income/Europe)
LONDON: The dollar shed some of its lofty gains against a basket of currencies on Wednesday, as investors trimmed favourable bets before testimony from the US Federal Reserve chief.Ben Bernanke will deliver his testimony to Congress at 1400 GMT and is expected to strike a somewhat optimistic view of the economy. But with inflation subdued, he is likely to reiterate the Fed's ultra-loose moneta...
Spain sells 3.5bn euros of bills, yields edge higher
2013-05-21 09:08:24 GMT : (Markets - Fixed Income/Europe)
MADRID: Spain's Treasury sold 3.5 billion euros ($4.5 billion) of 3- and 9-month debt on Tuesday, the top of its targeted amount, though yields were slightly higher than a month earlier on the short-term paper.The Treasury, which had aimed to sell between 2.5 billion and 3.5 billion euros of debt, sold 892 million euros of 3-month paper at an average yield of 0.331 percent compared to 0.120 pe...
Investors price out Greek default as curve normalises
2013-05-21 09:05:49 GMT : (Markets - Fixed Income/Europe)
LONDON: Greek 10-year bond yields fell below longer-dated ones on Tuesday for the first time in three years as investors priced out the risk of Athens defaulting.The move picked up steam after Fitch Ratings raised Greece's credit rating to B-minus from CCC last week, with Greek 10-year bonds outperforming, squeezing their yields 3 basis points below their 30-year ones and returning the yield c...
India says foreign investors may buy inflation-linked bonds
2013-05-20 16:06:21 GMT : (Markets - Fixed Income/Europe)
MUMBAI: India's new inflation-linked bonds will be sold to foreign investors as part of an up to $25 billion investment limit for government debt allotted for demand from overseas, Reserve Bank of India (RBI) officials said on Monday.However, inflation-linked bonds will be issued separately from a scheduled weekly auctions of government bonds, the officials said in a teleconference providing d...
Stronger US growth prospects weigh on German Bunds
2013-05-20 07:50:20 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds fell on Monday after forecast-beating US consumer sentiment data last week dented appetite for low-risk assets.Friday's data eased worries that the US economy could slow down markedly due to government spending cuts and prompted investors to speculate the Federal Reserve may scale back its bond buying programme later this year.Fed Chairman Ben Bernanke's testimony befo...
UK gilts join bond rally as US economy falters
2013-05-16 22:29:46 GMT : (Markets - Fixed Income/Europe)
LONDON: British government bonds bounced on Thursday in a broad bond-market rally after US economic data raised fears about the health of the world's leading economy.Earlier on Thursday, Britain auctioned 2.5 billion pounds ($3.8 billion) of 2044 gilts, drawing bids totalling double the amount on offer and a 3-tick price tail, half the tail when it last sold the gilts in April.June gilt future...
Italian bond yields edge up before debt sale
2013-05-13 10:01:40 GMT : (Markets - Fixed Income/Europe)
LONDON: Italian yields edged up before a bond sale on Monday, while Bund futures recovered from six-week lows after a European Central Bank policymaker reiterated a deposit rate cut was possible.Italy will offer up to 8 billion euros of fixed-rate bonds and debt linked to 6-month Euribor (CCTEUs) at its regular mid-month auction. Traders said investors sold Italian bonds early in the session to ma...
Bunds tumble with U.S bonds as dollar spurs selling
2013-05-10 12:23:43 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds fell to their lowest in over a month on Friday, in line with a selloff in US and Japanese bonds triggered by the dollar's sharp rise against the yen.Traders said the dollar's rise to a 4-1/2 high of 101.66 yen had prompted selling of Treasuries and Japanese bonds by investors who needed to hedge some structured deals, and Bunds were caught in their downdraft.Demand for...
Swiss franc firmer vs dollar; Draghi remarks weigh on euro
2013-05-07 09:46:14 GMT : (Markets - Fixed Income/Europe)
ZURICH: The Swiss franc strengthened against the dollar on Tuesday, diverging from the euro, which weakened again against the greenback after Monday's dovish comments from the European Central Bank chief.ECB President Mario Draghi reiterated the central bank's readiness to cut interest rates - including the zero deposit rate - further if the euro zone economy deteriorates, sending the euro...
Bunds steady on ECB easing expectations
2013-05-07 09:43:21 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bunds held steady on Tuesday, with expectations the European Central Bank may ease policy offsetting selling pressure from a pick-up in the US labour market.ECB President Mario Draghi departed from a prepared speech on Monday to reiterate that the central bank was ready to do more, after cutting interest rates last week, to support the ailing euro zone economy.Bets policy would be e...
Spain targets up to 4.5bn euros in bonds
2013-05-06 12:44:27 GMT : (Markets - Fixed Income/Europe)
MADRID: Spain said on Monday it aims to issue between 3.5 billion and 4.5 billion euros ($4.59 billion-$5.90 billion) in bonds on Thursday.The Treasury will auction bonds due July 30, 2016, Jan. 31, 2018 and July 30, 2026 on Thursday.Copyright Reuters, 2013
Turkish benchmark bond yield at new lows on rate cut hopes
2013-04-29 10:00:25 GMT : (Markets - Fixed Income/Europe)
ISTANBUL: Turkish benchmark bond yields hit fresh record lows on Monday as investors prepared for a central bank news conference on Tuesday when the bank could signal it is ready to ease monetary policy further.The central bank is due to release its quarterly Inflation Report on Tuesday and the market expects it will keep its year-end inflation forecast at 5.3 percent but maintain its bias towards...
Italian bonds jump after new government formed
2013-04-29 07:55:20 GMT : (Markets - Fixed Income/Europe)
LONDON: Italian government bond yields fell on Monday and were expected to ease further as new Prime Minister Enrico Letta prepared to set out his administration's programme, ending two months of political deadlock.Prices for low-risk German Bunds fell slightly, but losses were limited by expectations the European Central Bank will cut interest rates to new record lows on Thursday.In Italy, Le...
UK gilts follow Bunds higher, eye US GDP data
2013-04-26 12:38:20 GMT : (Markets - Fixed Income/Europe)
LONDON: British government bonds tracked a rise in German debt on Friday in the absence of domestic impetus for trading, while data on US national output was likely to lead price action later in the session.By 1102 GMT June gilt futures were 22 ticks higher on the day at 119.66 in volumes that were thinner than usual. Equivalent Bund futures were 17 ticks up.It is still unclear what effect Japan...
US bond prices slip before 7-year debt sale
2013-04-25 10:18:11 GMT : (Markets - Fixed Income/Europe)
LONDON: US 10-year Treasuries eased on Thursday as traders made way on their books for an auction of seven-year notes later in the day, interrupting a rally driven by weak economic data.The Treasury will complete this week's debt offerings with a $29 billion seven-year debt auction following an average sale of a two-year paper on Tuesday and modest demand at a five-year note auction on Wednesd...
Bunds rise but vulnerable to correction
2013-04-25 09:09:33 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bund futures were up slightly on Thursday but analysts said the euro zone's top-rated debt was vulnerable to profit taking in what looked set to be a quiet session.In the absence of any major data in the euro zone, investors could look to Britain's first-quarter gross domestic product data to see if it reinforces the gloomy economic picture painted by recent releases out of ...
Demand, yields dip at German 30 years bond sale
2013-04-24 12:56:31 GMT : (Markets - Fixed Income/Europe)
BERLIN: Germany's cost of borrowing over 30 years fell to its lowest ever at an auction of 2 billion euros in bonds on Wednesday, although the ultra low returns reduced overall appetite for the safe haven debt. The sale of the 2.5 percent bonds maturing in 2044 came at a yield of 2.16 percent, the lowest ever at a German 30-year bond sale. The previous low was 2.17 percent, reached last July, ...
Poland to offer PLN 1.5bn in bonds
2013-04-23 11:50:54 GMT : (Markets - Fixed Income/Europe)
WARSAW: Poland will offer 0.5 billion zlotys ($158.5 million) in bonds maturing in July 2015 and 1.0 billion zlotys in bonds due April 2018 at a supplementary tender on Tuesday, the finance ministry said in a statement. Copyright Reuters, 2013
Bunds erase losses after ECB's Constancio comments
2013-04-22 08:59:43 GMT : (Markets - Fixed Income/Europe)
LONDON: German Bund futures erased losses on Monday with traders citing reports of comments from European Central Bank Vice President Vitor Constancio which prompted increased bets of an interest rate cut."The ECB's tone has been pretty dovish...they are telling us that they are lining up for a rate cut," a trader said.Bund futures were flat at 146.03, bouncing off a day's low of 145.72 hi...