LONDON: US Treasuries rallied in London on Monday, pushing benchmark 10-year yields to their lowest levels since early October as appetite for safer assets grew after weekend talks to form a new Greek government failed. Greece's political stalemate made a repeat election more likely, potantially pushing the country towards a possible exit from the euro zone. Meanwhile, in Germany, Chancellor Angela Merkel's conservatives suffered a crushing defeat in a Sunday state election. "We're not getting a lot ...

PARIS: The rate on benchmark German 10-year bonds fell on Monday to a new all-time low of 1.475 percent as investors unsettled by the Greek debt crisis fled to the eurozone's safe haven. The rate, or yield, on Bunds stood at 1.515 percent when trading on European public debt markets closed on Friday. Meanwhile, German inflation dipped to 2.1 percent in April, nearing the European Central Bank's medium-term target of below but close to 2.0 percent. For the ...

CARACAS: Venezuela's state oil company PDVSA confirmed on Friday it was issuing up to $3 billion of bonds with a 9.75 percent coupon in a private offer for the Central Bank and other state banks. The widely-anticipated issue is mainly intended to supply the Central Bank's Sitme foreign exchange system, which sells dollars to Venezuelans, sources close to the operation said. The bonds will mature in 2033, 2034 and 2035, PDVSA said in a statement, adding that ...