02092016Tue
Last update: Tue, 09 Feb 2016 04pm

Markets - Fixed Income

Markets - Fixed Income - Europe

Spanish, Italian bonds firm in face of political worries LONDON: Spanish and Italian bonds rose on Tuesday as some domestic buyers took advantage of a recent sell-off, but the recovery could be temporary given political uncertainty in both countries.   Trade in the two periphery nations' paper has been choppy over the past week as Spanish Prime Minister Mariano Rajoy faced calls to resign over a corruption scandal while in Italy, former premier Silvio Berlusconi's comeback in polls less than two weeks before elections has unsettled investors.   Italy had to pay more to borrow one-year funds at an auction than it did last month.   On Wednesday it faces a tougher challenge, issuing three separate bonds including an offering of 30-year paper for the first time at a regular auction since May 2011.   But analysts said the rally this session was a good indicator of demand, while the sale should benefit from ample Italian redemption and coupon payments due in February.   "Until yesterday we saw a ...

Markets - Fixed Income - Europe

Spanish, Italian yields extend fall  LONDON: Spanish and Italian government bond yields extended their fall on Tuesday as investors were lured back in after a recent sell-off fuelled by political risk which had cheapened the bonds.   Ten-year Spanish government bond yields were down 13 basis points on the day at 5.31 percent. Ten-year Italian yields fell 11 bps to 4.50 percent.   "We've had some decent buying, mainly domestics in Spain," one trader said.     Copyright Reuters, 2013      

Markets - Fixed Income - Americas

US bonds steady in Europe before debt sales  LONDON: US Treasuries were steady on Tuesday, with selling ahead of debt auctions offset by concerns about the lack of a deal to avert spending cuts in the United States and rising political risks in Europe.   Traders said some investors were making room in their books before sales of $72 billion in new debt this week, including $32 billion in three-year notes on Tuesday, $24 billion in 10-year notes on Wednesday and $16 billion in 30-year ...

Markets - Fixed Income - Europe

Bunds inch up with periphery seen weak   LONDON: German Bund futures edged up at the open on Tuesday as investors fretting about political uncertainty in Italy and Spain propped up demand for low risk debt.   Focus remains on peripheral euro zone bonds where trade has been volatile over the past week on mounting concern about former Italian Prime Minister Silvio Berlusconi's comeback in polls before elections at the end of the month. In Spain, Prime Minister Mariano Rajoy is facing calls to resign ...

Markets - Fixed Income - Europe

Poland to offer PLN 3.0-5.0bn in bonds on Wednesday WARSAW: Poland will offer a total of 3.0-5.0 billion zlotys ($0.967-$1.61 billion) zero-coupon bonds maturing in July 2015 and floating-rate bonds maturing in January 2024 at a tender on Wednesday, the finance ministry said in a statement on Monday.   Copyright Reuters, 2013

Markets - Fixed Income - Europe

Gilts steady as concerns over Spain, Italy weigh   LONDON: British government bonds were steady on Monday, in line with German Bunds, as concerns over political uncertainty in Spain and Italy weighed on the market in the absence of domestic data.   A peripheral bond rally paused last week as Spanish Prime Minister Mariano Rajoy faced calls to step down over corruption allegations and another scandal involving Monte dei Paschi bank fuelled political uncertainty before Italian elections.   Investors will focus on a euro zone finance ministers meeting ...

Markets - Fixed Income - Europe

Spanish yields fall as cheaper debt lures buyers LONDON: Spanish government bond yields fell on Friday with traders citing some buying by domestic investors mainly in shorter-dated maturities cheapened after a sell-off this week.   "We have seen a little bit of buying...a bit of repositioning," a trader said.   Spanish two-year yields were last 10 basis points down on the day at 2.72 percent with 10-year bonds yielding 5.33 percent, down 9 bps.     Copyright Reuters, 2013*