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Last update: Sat, 23 Jul 2016 09pm

Markets - Fixed Income

Markets - Fixed Income - Americas

Yields lowest since February on safety buying NEW YORK: US Treasury yields fell to more than three-month lows on Friday as European sovereign debt yields plunged on continuing concerns about a potential British exit from the European Union and global growth.Ten-year yields in Germany, Japan and the United Kingdom all struck record lows on Friday. German Bund yields, the benchmark for borrowing costs across the euro zone, have fallen almost 10 basis points in little over a week to as low as 0.021 percent ."There is some flight to safety because of concerns about 'Brexit'," said Lou Brien, a market strategist at DRW Trading in Chicago.Benchmark 10-year notes were last up 7/32 in price to yield 1.656 percent, the lowest since Feb. 24. The notes have technical resistance at around 1.60 percent, and a fall below this level would likely trigger further yield drops, said Brien.Plunging yields across the globe have increased the relative attractiveness of Treasuries, ...

Markets - Fixed Income - Europe

UK 30-year borrowing costs hit record low LONDON: British 30-year government borrowing costs struck a new record low on Friday, reflecting a global bond rally spurred by uncertainty about the world economic outlook and the outcome of Britain's referendum on European Union membership. The 30-year gilt yield fell to an all-time low of 2.039 percent, down 3 basis points on the day, according to Reuters data and pushing past a previous record low of 2.040 percent set on Jan. 30, 2015. The ...

Markets - Fixed Income - Europe

Global bond rally puts Bunds within a whisker of zero yields LONDON: Germany's 10-year Bund yield hit a new record low on Friday and was within striking distance of zero, as worries about global growth and political risks ensured a bullish tone for safe-haven debt markets across the globe. As Bund yields took a step closer to negative territory, 30-year German bond yields fell to their lowest level in over a year. There has been little let-up in the downward march in yields across the world ...

Markets - Fixed Income - Americas

Yields drop to 3-1/2 month lows on global growth concern NEW YORK: US Treasury yields fell to three-and-a-half month lows on Thursday as falling oil and stock prices increased demand for safe haven debt amid concerns about global growth.British and German sovereign debt yields fell to record lows on Thursday, driven by concerns about Britain's referendum on European Union membership later this month and the European Central Bank's commencement of its corporate bond purchase program.That has further increased the attractiveness of Treasuries, which offer far ...

Markets - Fixed Income - Europe

Bolivia eyeing $1bn bond in coming months LONDON: Bolivia is hoping to sell a eurobond of up to $1 billion in the months to come, the country's Economy Minister Luis Arce Catacora said on Thursday. "If the conditions are good it will be in the next months," Catacora told journalists in a briefing during a Developing Markets Associates investment conference. "We have authorisation for this, for $1 billion this year," he said, adding he expected the bond to come with a 10-year ...

Markets - Fixed Income - Europe

Spanish house prices rise at pre-crisis pace in first quarter MADRID: Spanish house prices rose 6.3 percent in the first quarter of the year, the strongest gain in more than eight years, in one of the clearest signs yet that the property market is starting to stabilise after a prolonged slump. The year-on-year rise in prices recorded between January and March was the fastest since the third quarter of 2007, according to the data from the National Statistics Institute on Thursday.New house prices rose 6.1 ...

Markets - Fixed Income - Asia

JGBs firm after strong 5-year sale results TOKYO: Japanese government bonds were higher on Thursday, led by 5-year JGBs after strong demand at an auction of those notes.The Ministry of Finance offered 2.4 trillion yen ($22.51 billion) of 5-year JGBs with a 0.10 percent coupon.The notes sold at a low price of 101.67, and drew bids of 4.66 times the amount offered, above the previous sale's bid-to-cover ratio of 4.15 times.The tail between the average and lowest accepted prices shrank to 0.01 ...