02112016Thu
Last update: Thu, 11 Feb 2016 11pm

Markets - Fixed Income

Markets - Fixed Income - Europe

German bond yields sink as Fed seen cautious on rates LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's largest economy. Yellen told US lawmakers on Wednesday that the Fed was unlikely to reverse its plan to raise interest rates, having hiked for the first time in a decade in December, but financial conditions have become "less supportive" for growth. Investors have all but ruled out further interest rate rises this year. "While she was trying to be balanced, Yellen's comments were clearly dovish," Soeren Moerch, head of fixed income trading at Danske Markets, said. Commerzbank pointed out Yellen's response to one question on the potential for negative interest rates to which she responded they are "something we will and should look at". J.P. Morgan said this week that ...

Markets - Fixed Income - Europe

Italy sells top amount at bond auction, yields rise MILAN: Italy sold three and seven-year bonds on Thursday at slightly higher yields compared to a month ago as investors worried about slowing economic growth cut exposure to the debt of weaker issuers. Italy raised the top planned amount of 5.5 billion euros ($6.2 billion) over three bonds at the auction. The sale came as Italian shares tumbled led by banks and the yield premium of Italian 10-year bonds over safer German Bunds rose to ...

Markets - Fixed Income - Europe

Romania sells 500mn lei of Dec. 2022 T-Bonds BUCHAREST: Romania sold a planned 500 million lei ($126.28 million) of Dec. 2022 treasury bonds on Thursday, with the average accepted yield at 2.89 percent, central bank data showed.Debt managers last issued the paper in January, at an average yield of 3.06 percent.So far this year, Romania has sold roughly 7.64 billion lei of domestic debt. Copyright Reuters, 2016

Markets - Fixed Income - Americas

Yields rise ahead of auction as stocks recover NEW YORK: US Treasury yields increased on Wednesday as stock markets stabilized, reducing demand for safe haven debt, and before the United States is due to sell $23 billion in new 10-year notes. European stocks rebounded as concerns about the health of banks that have hammered shares globally in recent days eased and oil prices recovered from Tuesday's steep falls. Comments by US Federal Reserve Chair Janet Yellen acknowledging recent market turmoil offset some of ...

Markets - Fixed Income - Asia

Indonesia sells 5.25 trillion rupiah of Islamic bonds at lower yields JAKARTA: Indonesia's finance ministry sold 5.25 trillion rupiah ($386 million) of Islamic bonds at an auction, above the indicative target of 4 trillion rupiah, its financing and risk management office said on Tuesday. The weighted average yield of the six-month Islamic t-bill was 6.26562 percent, lower than 6.83594 percent at the last sale on Jan. 26. The project-based sukuk maturing in January 2018 had a weighted average yield of 8.11879 percent, lower than 8.44990 percent. ...

Markets - Fixed Income - Europe

Yields fall further for Belgian 12-month treasuries BRUSSELS: Belgium raised 2.6 billion euros ($2.91 billion) of short-term debt at an auction of 12- and three-month bonds, with yields for the longer maturity falling further below zero, the country's debt agency said on Tuesday. One-year paper, which last auctioned for a yield of -0.374 percent in January, fell to -0.423 percent. Three-month treasury bills, the most regularly auctioned maturity, were sold for a yield of -0.374 percent, broadly unchanged from the -0.379 percent ...

Markets - Fixed Income - Asia

Japan 10-year bond yield goes negative for first time TOKYO: The yield on Japan's 10-year government bond dropped below zero Tuesday, in a first for a G7 country as panicked investors flee a bloodbath on equity markets.The note's effective return slipped to -0.005 percent in the afternoon, continuing a downtrend sparked by the Bank of Japan's surprise move last month to slap a negative interest rate on some commercial lenders' deposits.Before the unexpected decision, Japan's 10-year bond was paying a yield of about 0.2 ...