Markets - Fixed Income
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LONDON: German government bonds rose on Wednesday, paring this week's losses as optimism fuelled by talk of a bigger euro zone bailout fund gave way to a need for detail on any such move.
Meanwhile, even previously agreed measures did not seem set in stone with Germany suggesting Greece's most recent bailout package may be renegotiated as argument rages over whether private creditors should take bigger losses .
December Bund futures were 30 ticks higher at 136.18. Two-year bond yields were 2 basis points lower at 0.524 percent, with 10-year yields down 4 basis points at 1.92 percent.
"We seem to be getting back in the real world, there's a lot of cracks and time isn't on the politicians' side," said a trader.
"There's a limit to how far markets can go on unfounded optimism."
Talk of proposals to leverage up the soon-to-be 440 billion euro bailout fund lifted global equities and ...
SHANGHAI: China's Ministry of Finance plans to issue a second batch of super long-term 50-year government bonds for 2011, trading sources said on Wednesday, in an apparent move to help asset allocation of financial institutions, in particular insurers.
The bonds are likely to be floated in November, the sources said.
The ministry floated its first batch of 50-year bonds this year worth 30 billion yuan ($4.7 billion) in May, but demand at that time appeared poor with ...
HANOI: Vietnam's Hanoi Stock Exchange said it would auction a combined 6.1 trillion dong ($293 million) of bonds this week to be issued by the government and state-owned policy lenders.
The State Treasury would sell three-year and five-year bonds on Thursday, each worth 1 trillion dong, the exchange said in a statement issued late on Tuesday.
The debt would be issued on Oct. 3, the statement said.
The Vietnam Bank for Social Policies will sell three-year and five-year ...
MUMBAI: Indian federal bond yields inched up on Tuesday as risk taking returned to global markets on expectations European leaders would chalk out a plan to contain the debt crisis, with caution also prevailing ahead of the federal borrowing meet on Thursday.
Benchmark 10-year bond yield was at 8.32 percent, up 1 basis point from its close on Monday.
Total volumes on the central bank's electronic trading platform were slightly lower at 23.60 billion rupees ($478 million) ...
LONDON: Bund futures opened lower on Tuesday as riskier assets extended a tentative recovery on hopes that euro zone policymakers were readying decisive action to tackle the bloc's debt crisis, though the risk of a swift reversal remained high.
Bund futures dropped 72 ticks to 136.55 at the open, extending losses of more than a point seen on Monday as officials looked to be considering plans to boost the size of the euro zone's rescue fund. ...
NEW YORK: Fannie Mae, the largest US home funding company, said on Monday it plans to sell $1 billion of three-month benchmark bills due Dec. 28, 2011, and $1 billion of six-month bills due March 28, 2012, on Wednesday, Sept. 28, in a Dutch auction.
In such uniform price auctions, successful bidders pay only the price of the lowest accepted bid rather than the actual price as in a conventional multiple-price auction.
Copyright Reuters, 2011 More Articles...
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