02122016Fri
Last update: Fri, 12 Feb 2016 10am

Markets - Fixed Income

Markets - Fixed Income - Europe

Bunds stay near highs on Cyprus ‘template’ worries LONDON: German Bund futures held steady on Tuesday, staying near highs hit the previous day as markets worried that Cyprus's bailout could be a template applicable to larger states that might get into difficulty.The head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, said on Monday that a Cypriot bailout, which wiped out some senior bank bondholders and will impose big losses on large depositors, was a new template for resolving euro zone banking problems.He later appeared to backtrack, saying Cyprus was a specific case with exceptional challenges but analysts said the market was adjusting to the idea that investors and savers will be forced to contribute to future bank bailouts."He may have tried to tone down his comments but the impact has been pretty clear: risk markets have lost ground, the euro has lost ground and peripheral bonds have come under pressure," said Nick Stamenkovic, strategist at RIA Capital ...

Markets - Fixed Income - Asia

Ten-year JGB yield hits near-decade low on BoJ's Kuroda comments TOKYO: Japanese government bond prices rose on Tuesday, with the 10-year yield hitting a near-decade low for a fourth straight day after Bank of Japan chief Haruhiko Kuroda said buying longer-dated debt was a policy option to pursue monetary easing.Buying in the longer-dated sectors by pension funds and life insurers ahead of Japan's fiscal year-end on March 31 also helped flatten the yield curve.Kuroda, who became the BOJ governor last week, told parliament that extending ...

Markets - Fixed Income - Europe

France to issue new 30-year bond by syndication:  AFT PARIS: France will sell a new 30-year bond by syndication in the coming days depending on market conditions, the Agence France Tresor public debt management agency said on Monday.The joint lead managers for the issue will be Barclays, Morgan Stanley, BNP Paribas Royal Bank of Scotland and Societe Generale and all primary dealers will take part in the syndicate, AFT said in a statement.The AFT said the issue was part of its 2013 funding plan. ...

Markets - Fixed Income - Europe

Cyprus bailout deal cools demand for US bonds LONDON: US debt prices fell on Monday after Cyprus agreed a last-gasp deal to prevent the collapse of its banking sector, cooling demand for the safety of low-yielding Treasuries. Cyprus reached a deal with international lenders to secure a 10 billion euro bailout hours before a deadline, prompting some selling from investors who had bought Treasuries last week for their safety and liquidity when talks were struggling. "The general theme today is risk-on so the ...

Markets - Fixed Income - Europe

BRUSSELS: Belgium raised 3.845 billion euros ($5.00 billion) in an auction of three benchmark bonds on Monday, all at lower yields than at previous sales.The country's debt agency had previously set a range of 2.5 to 3.5 billion euros for its auction of five, 10 and 20 year OLO bonds. Copyright Reuters, 2013

Markets - Fixed Income - Asia

Bonds drop on relief over Cyprus bailout TOKYO: US Treasuries dropped on Monday on relief as Cyprus clinched a last-ditch deal with international lenders for a 10 billion euro ($13 billion) bailout hours before a deadline to avert a financial collapse on the Mediterranean country.The yield on the 10-year notes rose to 1.963 percent from 1.927 percent at the end of last week while US share futures gained about 0.4 percent.The latest deal on Cyprus included drastic measures such as closing down ...

Markets - Fixed Income - Asia

JGBs gain on BoJ hopes, Cyprus woes; 10-year yield at near-decade low TOKYO: Yields on benchmark 10-year Japanese government bonds slipped to a near-decade low for a second day in a row on Friday after new Bank of Japan chief reinforced expectations the central bank would buy longer-term assets to combat deflation.Concerns over Cyprus after the European Union gave the island till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system also helped push ...