Wednesday, 24 April 2013 20:54
Posted by Muhammad Iqbal
PARIS: France sold an additional 457 million euros of BTF T-bills on Wednesday following an auction on Monday, debt management agency AFT said. It sold an extra 76 million euros of the 12-week BTF, 164 million euros of the 23-week BTF and 217 million euros of the 49-week BTF. The non-competitive bids meant that France raised a total of 8.439 billion euros from the 3 lines of its April 22 BTF auction. Under the French system, buyers not only submit competitive bids at the auction, but also have the option, for a limited period after the sale, of buying extra securities at the average auction price. The extra amount they can buy is calculated according to how active they have been at previous sales. Copyright Reuters, 2013 ...
34
PARIS: France sold an additional 457 million euros of BTF T-bills on Wednesday following an auction on Monday, debt management agency AFT said. It sold an extra 76 million euros of the 12-week BTF, 164 million euros of the 23-week BTF and 217 million euros of the 49-week BTF. The non-competitive bids meant that France raised a total of 8.439 billion euros from the 3 lines of its April 22 BTF auction. Under the French system, buyers not only submit competitive bids at the auction, but also have the option, for a limited period after the sale, of buying extra securities at the average auction price. The extra amount they can buy is calculated according to how active they have been at previous sales. Copyright Reuters, 2013 ...
NEW YORK: US Treasuries were little changed on Tuesday after surging briefly on a fake Twitter message from a hacked Associated Press account claiming explosions at the White House.The tweet, which an AP spokesman called "bogus," raised concerns of another terror attack just a week after the Boston Marathon bombs and caused a short-lived scramble for safe-haven US bonds.When the AP tweet was retracted, buying of Treasuries faded, sending prices back to little changed.In an ...
BERLIN: The permanent euro zone rescue fund, the European Stability Mechanism (ESM), sold 2.941 billion euros of new six-month bills in an auction on Tuesday.The Bundesbank, whose systems were used to conduct the sale, said the ESM's debt sale drew bids worth 1.8 times the amount on offer. The average yield was 0.0137 percent.The ESM bill programme offers regular Tuesday bill auctions initially focusing on three-month and six-month bills. Copyright Reuters, 2013 ...
MUMBAI: India's 10-year bonds rallied for the fifth straight session, with yields dropping to the lowest since July 2010, as improving trade data and falling commodity prices are seen giving the central bank more room to cut interest rates.The country's exports fell 1.8 percent in the 2012/13 fiscal year, but they were up for the third straight month in March, offering some relief to the record current account deficit.Finance Minister P. Chidambaram said on Wednesday ...
MUMBAI: India's 10-year bonds gained for a fourth day and swap rates fell to a 27-month low on hopes that slowing inflation and a sell-off in commodities would spur the central bank to cut interest rates for a third time this year.Recent data supporting the case for easier monetary policy including lower wholesale and retail inflation and languishing industrial output has raised the odds the Reserve Bank of India would cut interest rates at its ...
