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Periphery yields edge up as Italy seeks to extend the life of its debt LONDON: Yields on lower-rated euro zone bonds edged away from record lows on Friday as a debt exchange in Italy prompted some investors to book profits after a recent boost to the rally from the Federal Reserve. Italy is offering to exchange new bonds maturing in 2022 for outstanding 2015 and 2017-dated paper as it continues efforts to extend the average life of its debt and reduce refinancing risks should market conditions sour.The euro zone's lower-rated sovereigns, one-third or more of whose debt expires in the next three or four years, have scheduled several debt exchanges or buybacks in recent months to ease this near-term redemption hump. The refinancing burden has grown since the height of the crisis in 2011 and 2012, when investors' reluctance to take on longer-term risk meant periphery countries were able only to sell short-dated bonds. Italy's offer to exchange up to 2.5 billion euros worth ...

Romania sells 500mn lei in six-month T-bills BUCHAREST: Romania sold a planned 500 million lei ($154.23 million) worth of six-month treasury bills on Thursday, with the average accepted yield at 2.07 percent, central bank data showed.Debt managers last sold six-month paper in April, at an average yield of 2.73 percent.Emerging European debt yields have rallied in recent months, driven by investors' apetite for higher-yielding assets. In Romania, low inflation and strong market liquidity have helped push debt yields near record lows in ...
30-year JGBs slump after BoJ trims buying, other maturities firm TOKYO: The price of 30-year Japanese government bonds fell on Thursday after the Bank of Japan said it may trim the amount it purchased of those maturities, while shorter-dated debt held firm. The yield on the 30-year JGB rose 3.5 basis points to 1.695 percent, the biggest intraday rise in three months. The BoJ said late on Wednesday that purchases of maturities exceeding 10 years in its regular market operations will be cut to between ...
Indian bond yields ease on dovish Fed; high oil price weighs MUMBAI: India's benchmark 10-year bond yield opened lower at 8.65 percent from Wednesday's close of 8.67 percent, tailing US bond yields after the Federal Reserve took a more dovish stance than some had expected at its June meeting. However, concerns over rising global oil prices weighed with continuing violence in Iraq. Brent crude rose past $114 a barrel to a nine-month high on Wednesday. The benchmark yield is expected to trade in a range with ...
Argentina says won't make next bond payment in US NEW YORK: Argentina will not make a bond service payment due June 30 in New York as ordered by a US judge, the economy ministry said Wednesday, moving the country closer to default.US District Judge Thomas Griesa earlier ordered Argentina to pay hedge funds that refused to join a restructuring of the country's debt and want to be paid the full $1.3 billion face value of the bonds they hold.The Argentinian economy ministry said it ...
Cyprus sells 750m euros in 5-year bonds NICOSIA: Cyprus said on Wednesday it had sold 750 mln euros in 5-year bonds at an average yield of 4.85 pct, following a three-year hiatus from international markets and an international bailout. The finance ministry said the bonds, priced at 99,565 euros, attracted investors mainly from Britain, other European countries and Cyprus. Investment funds absorbed 51 percent of the bond issue, hedge funds 27 percent and banks 22 percent.Copyright Reuters, 2014 ...
Taiwan to raise limit for Chinese firms to sell yuan bonds TAIPEI: Taiwan's financial regulators will allow Chinese firms to sell more yuan bonds from the second half of 2014, three sources said on Wednesday. Chinese companies have issued a total of 8.7 billion yuan bonds in Taiwan so far, only 1.3 billion yuan short of the current limit of 10 billion yuan ($1.6 billion). The sources did not say by how much the limit would be increased.Copyright Reuters, 2014 ...


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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
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WeeklyAugust 25, 2014
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