Markets - Fixed Income
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MILAN: Common euro area bonds must wait until economies and public finances in the bloc have converged, Belgian Prime Minister Yves Leterme told Italian daily La Stampa on Monday.
Italian Economy Minister Giulio Tremonti said on Saturday that joint euro zone debt issuance was the only way to solve the region's debt crisis, adding it was only a matter of time before it was adopted .
But Leterme said some countries would be forced to pay more than others, echoing a position shared by Germany. Berlin believes joint euro bonds would be a disincentive for fiscally undisciplined states to fix their public finances.
"Between sounder and less sound countries, only the first ones would pay," he said.
"I believe that we must make our economies and public finances converge: until then we must shut (the idea of common euro bonds) in a drawer. In the future we should use them to invest in ...
HANOI: The Vietnam Bank for Social Policies, one of Vietnam's two state policy lenders, will auction 2 trillion dong ($96.15 million) worth of government-guaranteed bonds at the Hanoi Stock Exchange later this week, the exchange said.
The bank will sell three-year and five-year bonds, each to raise 1 trillion dong, on Wednesday, the exchange said in a statement.
At its previous auctions on Aug. 26, the lender sold 150 billion dong of three-year bonds at a yield ...
HONG KONG: China Petroleum & Chemical Corp (Sinopec), Asia's top oil refiner, said it plans to raise up to 20 billion yuan ($3.1 billion) through the sale of bonds to boost working capital and pay debts.
The bonds will be issued or placed with existing shareholders of the company, Sinopec said in a statement. The timing of such an issue would depend on the condition of the bond market, it said.
Copyright Reuters, 2011
ITALY: Joint euro zone bond issuance is the only way to solve the region's debt crisis and to invest in the future and it is only a matter of time before it is adopted, Italian Economy Minister Giulio Tremonti said on Saturday.
"The strong idea that must be supported is euro bonds," Tremonti said at a conference in the Italian coastal town of Rimini.
Common debt issues by euro zone nations are "an idea whose time is ...
LONDON: German government bonds pushed higher on Friday as European stocks fell after Federal Reserve Chairman Ben Bernanke said the recovery was much less robust than expected
Bunds were seen remaining well-bid going into next week on the euro zone's debt problems -- refocussed on problems with a bailout deal for Greece -- and as traders brace for a resumption of Italian and Spanish auctions.
Many expected Bernanke to use his speech in Jackson Hole, Wyoming, ...
TOKYO: US Treasuries were supported in Asia on Friday after posting their first gains in a week the previous day on growing speculation that Federal Reserve chief Ben Bernanke will probably not give a strong hit of more stimulus in his speech later in the day.
US bond yields fell Thursday on dwindling expectations there will be hints on fresh easing steps in Bernanke's speech on Friday in Jackson Hole, Wyoming, where he hinted at ...
LONDON: Gilt futures reversed losses on Thursday to settle higher as shares slipped, with longer-dated gilts drawing background support from suggestions by a Bank of England policymaker that they might be the focus of any asset purchases by the BoE.
European shares extended falls on trader talk that a short-selling ban may be imposed in Germany after the market close. They had earlier pared gains after data showed US jobless claims rose more than expected last ...More Articles...
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