05052016Thu
Last update: Thu, 05 May 2016 09pm

Markets - Fixed Income

Markets - Fixed Income - Europe

Romania aims to sell domestic debt worth 3.3bn lei in May BUCHAREST: Romania aims to sell 3.3 billion lei ($838.39 million) worth of leu currency bills and bonds in May and an additional 345 million lei in non-competitive offers, the finance ministry said on Thursday. Debt managers issued debt worth 3.86 billion lei in April. In May, they have scheduled one tender worth 1 billion lei for one-year treasury bills, and six bond auctions with outstanding maturities ranging between one and seven years. So far this year, the ministry has sold 17.82 billion lei and 775 million euros worth of domestic debt, and has tapped 1.25 billion euros from foreign markets. Copyright Reuters, 2016

Markets - Fixed Income - Americas

US longer-dated bonds rally as Fed keeps option on June hike NEW YORK: Longer-dated US Treasury debt prices jumped on Wednesday, snapping a seven-day streak of increases, as the Federal Reserve left the door open for an interest rate increase in June, making shorter-dated government debt less appealing.A wave of buying in 10- and 30-year Treasuries emerged as traders piled into curve-flattening trades that favor these longer debt maturities over short-dated ones, investors said."The curve is flattening here, which is what has happened in the past ...

Markets - Fixed Income - Europe

Greek bond yields rise as reform talks delayed LONDON: Greek government bond yields rose sharply and the country's stock market came under pressure on Wednesday, following news that a meeting on Greek reforms has been delayed.Most euro zone bond yields were lower, with the overall tone in markets cautious as two risk events loomed large - a Federal Reserve interest rate decision later on Wednesday and a Bank of Japan meeting on Thursday.Euro zone finance ministers will not meet on Thursday and need ...

Markets - Fixed Income - Americas

US bond prices trim losses after 5-year auction NEW YORK: US Treasury prices scaled back their losses on Tuesday as an earlier spike in yields drew decent demand for a $34 billion auction of five-year government debt, reviving bids for other maturities. Benchmark 10-year Treasury notes were down 8/32 in price with a yield of 1.932 percent, up 3 basis points from late on Monday. Earlier Tuesday, the 10-year yield reached a five-week high of 1.941 percent, according to Reuters data. Copyright Reuters, ...

Markets - Fixed Income - Europe

Syndication of ultra-long UK gilt draws second-highest demand ever LONDON: Britain's sale of an ultra-long bond drew the second-highest demand ever for a launch via syndication thanks to interest from pension funds, despite financial market volatility ahead of a referendum on the country's membership of the European Union.Britain's Debt Management Office sold 4.75 billion pounds ($6.95 billion) of the 2.5 percent July 2065 bond at an average yield of 2.2905 percent.The sale attracted orders worth 21.3 billion pounds and will increase the total amount ...

Markets - Fixed Income - Asia

JGBs firm, superlong zone rallies after BOJ operations TOKYO: Japanese government bonds firmed on Tuesday, with prices of superlong JGBs rallying after strong results of the Bank of Japan's buying operations.The central bank offered to buy 450 billion yen ($4.06 billion) of JGBs in the 5- to 10-year zone, 220 billion yen of JGBs in the 10- to 25-year zone and 180 billion yen of JGBs in the 25- to 40-year zone under its JGB purchase programme.The offer-to-cover ratios, which gauge selling pressure, ...

Markets - Fixed Income - Europe

Euro zone's low yields finally turning foreign investors away LONDON: Foreign investors have been selling long-dated euro zone bonds on a scale not seen in seven months, a sign of growing reluctance to hold debt with an ultra-low or negative yield.Overseas holders sold a net 42 billion euros worth of long-dated government bonds in February, according to ECB balance of payments data. Societe Generale head of fixed income and forex strategy Vincent Chaigneau blamed the change in sentiment on low yields."Once we got past ...