05022016Mon
Last update: Mon, 02 May 2016 04am

Markets - Fixed Income

Markets - Fixed Income - Europe

Ratings and politics rattle Portuguese bonds as borrowing costs rise LONDON: Portuguese yields edged up on Wednesday and Lisbon saw its borrowing costs jump at auction as investors worried about more political uncertainty and a ratings slide that may force the country out of the ECB's quantitative easing scheme. Fitch shaved its rating outlook on Portugal from positive to stable, a move seen as raising the risk that DBRS -- which has the investment grade rating Lisbon needs to qualify for QE -- might downgrade it at the end of next month.In a sign of what may come for Portugal, an ECB spokesperson said on Tuesday that junk-rated Cyprus may be excluded from QE because it is likely to exit its bailout programme at the end of March. Countries must have an investment grade rating from one of the four agencies recognised by the ECB or be in a bailout programme in order to qualify for the 1.5 trillion euro ...

Markets - Fixed Income - Asia

JGBs tumble as investors lock in gains after rally TOKYO: Japanese government bonds skidded on Wednesday as investors locked in gains, particularly in the superlong zone, after the previous session's rally. The 30-year yield was the biggest mover, adding 20 basis points to 0.715 percent after plunging 21 basis points in the previous session. Its biggest one-day fall in three years pushed it to a life-time low of 0.470 percent.Tuesday's spike in prices came after a 30-year auction met solid investor demand."I took some ...

Markets - Fixed Income - Europe

Markets expect rate cuts and more QE from ECB, but no inflation LONDON: Financial markets expect the European Central Bank to cut its deposit rate by at least 10 basis points and expand its asset-buying programme this week, but they still do not expect it to hit its inflation target in the near future.Euro zone government bond yields and short-term interest rates fell on Tuesday after weak Chinese trade data revived concern over growth. Wariness before Thursday's ECB meeting prevented a test of last week's lows, though.Markets ...

Markets - Fixed Income - Americas

US bond yields drop as Chinese data weighs on risk appetite NEW YORK: US Treasury yields fell on Tuesday in line with Japanese yields after weak Chinese data revived fears of a global economic slowdown, increasing demand for safe-haven US government debt ahead of a 3-year note auction. Yields on the benchmark 10-year Treasury note and on the 30-year bond fell from one-month highs overnight after data showed China's February trade performance was far worse than economists had expected.Exports in the world's second-largest economy fell 25.4 ...

Markets - Fixed Income - Europe

Croatia's T-bill auction falls short of target ZAGREB: Croatia's Treasury bill auction on Tuesday fell short of its billion-kuna target, with 779 million kuna ($113.34 million) sold at mixed yields, finance ministry data showed. Some 1.2 billion kuna worth of bills mature later this week. "The yields are rather low, while the market is now awaiting the new budget and the government's further borrowing plans which may bring more attractive yields through new bond issues," a dealer at a major local bank ...

Markets - Fixed Income - Europe

Slovenia T-bill auction beats target, yields stay negative LJUBLJANA: Slovenia's short-term borrowing costs fell further on Tuesday when it sold 68.5 million euros of treasury bills, above the initial target of 60 million euros, the Finance Ministry said. It sold 16 million euros of 6-month bills at a yield of minus 0.07 percent versus minus 0.05 percent at the previous auction in February. It sold 52.5 million euros of 12-month bills, also at a yield of minus 0.07 percent from minus 0.04 percent ...

Markets - Fixed Income - Asia

SOHO China says to sell Shanghai office building this month HONG KONG: Commercial property developer SOHO China Ltd said on Tuesday it will put up for sale a Shanghai office building this month to tap surging demand for property in the city. SOHO China had shifted its business from sales to renting properties four years ago, but executives said the deal would help it take advantage of high valuations in Shanghai.Frenzied buying in the city just months after China's frothy stock markets crashed has raised ...