05302016Mon
Last update: Mon, 30 May 2016 03pm

Markets - Fixed Income

Markets - Fixed Income - Europe

Spain sees strong demand in 50-year bond offer MADRID: Spain said Wednesday the launch of its first 50-year bond in two years drew strong investor demand, as it became the latest eurozone country to jump on the long-bond bandwagon.The Spanish Public Treasury sold 3.0 billion euros ($3.4 billion) of the bond maturing in 2066 via a syndication which drew orders worth 10.4 billion euros, the economy ministry said in a statement."The high demand allowed the Treasury to assign the emission to very high quality investors, that is to say, of a very diverse typology both by the type of investor as well as by geographic areas," the statement said.Companies and governments are increasingly borrowing at longer maturities in Europe as the European Central Bank's stimulus measures have pushed down bond yields and lowered borrowing costs, forcing investors to seek longe-dated debt to generate returns.France and Belgium both issued 50-year bonds last month, while Ireland and Belgium went even ...

Markets - Fixed Income - Americas

Bonds steady before 10-year note auction NEW YORK: US Treasuries were steady on Wednesday before the Treasury was due to sell $23 billion in 10-year notes, the second sale of $62 billion in new coupon-bearing debt this week.The government saw strong demand for a $24 billion auction of three-year notes on Tuesday, even amid heavy corporate debt supply."We're looking at supply both in corporate land and in Treasuries," said Justin Lederer, interest rate strategist at Cantor Fitzgerald in New York. "Yesterday ...

Markets - Fixed Income - Europe

Spain, Italy's long-dated yields hit multi-month highs on 50-year bond plans LONDON: Long-dated Spanish and Italian bond yields climbed to multi-month highs on Wednesday, as Spain started the sale of a 50-year bond and investors anticipated Italy may soon do the same. Madrid is set to price a new bond expiring in 2066 later in the day, while Rome has also been sounding out investor demand for such a bond even though its Treasury said on Tuesday that it had no firm plans.France and Belgium have ...

Markets - Fixed Income - Europe

Spain plans 50-year syndicated euro benchmark bond LONDON: The Kingdom of Spain is planning the issuance of a 50-year syndicated euro benchmark bond, according to a lead.The sovereign has mandated Barclays, BNP Paribas, CaixaBank, Citigroup, Santander and Societe Generale to manage the transaction. The deal will be launched in the near future subject to market conditions. It will mature on 30 July 2066. Spain is rated Baa2/BBB+/BBB+/AL. Copyright Reuters, 2016

Markets - Fixed Income - Americas

Bonds steady before three-year auction, corporate supply NEW YORK: US Treasuries were steady on Tuesday before the government is due to sell $24 billion in three-year notes, the first sale of $62 billion in coupon-bearing debt supply this week, and with heavy corporate debt sales also expected.New government and corporate debt supply is in focus with no major economic releases due until Friday's retail sales report for April."You are getting a bit of supply pressure," said Gennadiy Goldberg, an interest rate strategist ...

Markets - Fixed Income - Europe

Italy seeking to raise at least 2bn euros in 50 year bond sale MILAN: Italy's Treasury wants to raise at least 2 billion euros ($2.3 billion) in a 50-year government bond sale which it may issue through a bank syndicate in the next few weeks, two market sources said on Tuesday.The Treasury has been sounding out banks to gauge market demand for a 50-year issue from a sovereign with the euro zone's second-highest public debt level as a proportion of GDP. It would be the first time Italy ...

Markets - Fixed Income - Asia

Indonesia sells $463mn of bonds at auction, half of target JAKARTA: Indonesia sold 6.15 trillion rupiah ($463 million) worth of bonds at an auction on Tuesday, half of the indicative target of 12 trillion rupiah, the finance ministry's financing and risk management office said. The three month T-bill had a weighted average yield of 5.65680 percent while the one-year T-bill had a weighted average yield of 6.23143 percent.The weighted average yield for bonds maturing in July 2021 was 7.49823 percent, higher than the 7.38887 percent ...