05012016Sun
Last update: Sun, 01 May 2016 06pm

Markets - Fixed Income

Markets - Fixed Income - Europe

German bond yields set for biggest quarterly fall in 4-1/2 years LONDON: Europe's benchmark German government bond yields were set on Thursday for their biggest quarterly fall in 4-1/2 years, with fresh rounds of central bank monetary easing and concerns about the global economy driving demand for the top-rated debt.With scant signs of any uptick in growth or inflation reversing the trend any time soon, many analysts expect German bonds to keep performing, hastened by the ECB buying up a large share of euro zone government bonds through its QE purchases.Monthly QE purchases will be increased by a third to 80 billion euros ($91 billion) on Friday as part of the latest stimulus package unveiled by the central bank this month. So far this year German bonds have proved one of the best bets for global investors, returning 10 percent off the back of a near 8 percent losses in 2015. Data on Thursday showed consumer prices continued to fall in ...

Markets - Fixed Income - Europe

Germany cuts public debt to 2.15 trillion euros in 2015 FRANKFURT: Germany, Europe's biggest economy, shaved 24 billion euros ($27 billion) off its overall public debt burden to 2.153 trillion euros in 2015, the country's central bank, or Bundesbank, said on Thursday.Measured against the gross domestic product (GDP), that meant Germany's total public debt ratio fell to 71.2 percent last year from 74.7 percent in 2014, the Bundesbank calculated.Under EU rules, a member state's overall debt must not exceed 60 percent of GDP.Nevertheless, the EU ...

Markets - Fixed Income - Europe

German bond yields set for biggest quarterly fall in 4-1/2 years LONDON: Europe's benchmark German government bond yields are set to record their biggest quarterly fall in 4-1/2 years on Thursday, with fresh rounds of central bank monetary easing and concerns about the global economy driving demand for the top-rated debt.With scant signs of any uptick in growth or inflation reversing the trend any time soon, many analysts expect German bonds to keep performing, hastened by the ECB buying up a large share of euro zone ...

Markets - Fixed Income - Europe

Bund yields grind lower as Fed's Yellen takes ‘cautious’ stance LONDON: German 10-year Bund yields slipped closer to their record lows on Wednesday after Federal Reserve Chair Janet Yellen said the U.S. central bank should proceed "cautiously" in raising interest rates.Her comments contrasted with those of some top Fed officials who in recent days said the U.S. economy was strong enough to warrant further rate hikes despite uncertainty about Chinese growth and turmoil in the oil market.Yellen's stance adds to pressure on the European Central ...

Markets - Fixed Income - Asia

JGBs edge up, taking cue from firmer Treasuries TOKYO: Japanese government bonds edged up on Wednesday, taking their cue from a rise in U.S. Treasuries after Federal Reserve chair Janet Yellen sounded a cautious tone on U.S. interest rate increases.Yellen's speech stressed the need for caution and highlighted external risks.The yield on benchmark 10-year Treasury notes stood at 1.807 percent, in Asia, after skidding to a four-week low of 1.805 percent in U.S. trade on Tuesday following Yellen's remarks.JGB trading was cautious ahead ...

Markets - Fixed Income - Americas

US bonds rally on Fed's Yellen rate-hike view NEW YORK: The US Treasury market rallied on Tuesday with yields hitting multi-week lows on remarks from Federal Reserve Chair Janet Yellen who said the US central bank should proceed "cautiously" with interest rate hikes. Yellen's comments came following views from a handful on top Fed officials in recent days who said the US economy is strong enough to warrant further rate increases. However, Yellen cited on Tuesday her concerns about global developments including volatility ...

Markets - Fixed Income - Europe

Drop in oil prices pushes German Bund yields to four-week lows LONDON: German 10-year Bund yields hit four-week lows on Tuesday as cheap oil held inflation expectations below the levels seen before the European Central Bank unveiled its last monetary policy easing package.Oil prices are up about 50 percent from 12-year lows hit in mid-February but they have been weakening in the past week. Brent crude fell 70 cents to $39.57.Long-term inflation expectations, as defined by five-year, five-year breakeven forwards, which show where markets expect 2026 ...