02122016Fri
Last update: Fri, 12 Feb 2016 06am

Markets - Fixed Income

Markets - Fixed Income - Europe

Croatia prices new 11-year local bond worth 6.0bn kuna at 98.703 ZAGREB: Croatia priced on Thursday a new 11-year local bond worth 6.0 billion kuna ($861.45 million) at 98.703, one of the four leading arrangers said. The bond, maturing on Dec. 14, 2026, is yielding 4.40 percent and has a semi-annual coupon of 4.25 percent. The finance ministry will use the proceeds to refinance a 10-year local bond worth 5.5 billion kuna that matures on Dec. 15. Copyright Reuters, 2015

Markets - Fixed Income - Europe

Gilts slump as higher oil prices underpin riskier assets LONDON: British government bond prices fell sharply on Wednesday along with those for other safe-haven assets, as a stabilisation in crude prices prompted investors to favour riskier assets. Oil prices gained on Wednesday after an unexpected fall in crude storage in the United States, temporarily underpinning British and US stock markets. Gilt futures settled 58 ticks down on the day at 117.24, the lowest since Monday. Ten-year yields were up 5 basis points at 1.87 ...

Markets - Fixed Income - Europe

Greek yields highest since elections as Tsipras hits out at IMF LONDON: Greek 10-year bond yields hit their highest level since September's elections on Tuesday, as Prime Minister Alexis Tsipras' criticism of the IMF stoked concerns about the country's willingness to implement its bailout deal.In a television interview on Monday, Tsipras said the International Monetary Fund was not playing a constructive role in Greece's bailout and should make up its mind whether it wants to stay in the programme.Tsipras was re-elected in September's snap poll with ...

Markets - Fixed Income - Europe

Switzerland aims to cut debt by 3.4bn francs in 2016 ZURICH: Switzerland intends to cut debt for a ninth consecutive year, trimming it to less than 74 billion Swiss francs ($74.21 billion) by the end of next year from nearly 96 billion francs in 2007. Taking into account maturing issues, Switzerland's plan to issue 6 billion francs in new treasury bonds in 2016 will cut debt by another 3.4 billion francs, the Swiss National Bank and the Swiss Treasury said in a joint statement on ...

Markets - Fixed Income - Middle East & Africa

Egypt treasury bond yields slightly lower at auction CAIRO: Yields on five-year and 10-year Egyptian treasury bonds fell marginally at an auction on Monday. The average yield at a sale of five-year bonds declined to 13.172 percent from 13.173 percent at the previous auction on Nov. 23, while the 10-year bond yield fell to 15.373 from 15.378 percent last month. The central bank had offered 3 billion Egyptian pounds of the five-year bonds and 2.25 billion pounds of the 10-year issue and sold ...

Markets - Fixed Income - Europe

Oil slump, determined Draghi halts euro zone bond sell-off LONDON: A sell-off in euro zone bond yields kicked into reverse on Monday as oil prices tumbled close to 2015 lows and ECB president Mario Draghi said he stood ready to deploy further stimulus to achieve the central bank's inflation target. German 10-year bond yields -- the bloc's benchmark -- fell 5 basis points to 0.64 percent, erasing some of the 25 bps rise seen after Draghi announced a package of stimulus measures on Thursday ...

Markets - Fixed Income - Europe

Venezuelan dollar bonds rise as ruling socialists thrashed in election LONDON: Venezuelan dollar bonds rose strongly on Monday after the opposition beat the ruling socialists in a parliamentary election at the weekend, raising hope of at least some economic reform in the crisis-ridden country. Bonds from the sovereign as well as state oil firm Petroleos de Venezuela (PDVSA) rose as much as 4.2 cents in the dollar, moves that will likely extend further if the opposition fulfils its expectations of a two-thirds majority. The Democratic ...