06252016Sat
Last update: Sat, 25 Jun 2016 05pm

Markets - Fixed Income

Markets - Fixed Income - Europe

France to sell 5.5-6.5bn eur of medium-term bonds next week PARIS: France is to sell between 5.5 billion euros and 6.5 billion euros ($6.2-7.4 billion) of medium-term bonds at auction on May 19, debt management agency Agence France Tresor said on Friday.The Treasury said in a statement the offerings would be a 0.00 pct bond maturing February 2019 and a 0.00 pct May 2021 bond. France will also sell between 1.2 billion euros and 1.7 billion euros worth of inflation-linked bonds on the same day, offering the 0.10 percent March 2021 bond linked to euro zone inflation (OATei), the 0.10 percent March 2025 French inflation-linked bond, and the 0.7 percent July, 2030 OATei. All lines have a settlement date of May 23, 2016. The debt agency will also offer between 4.8 billion and 6 billion euros of short-term BTF bonds. Copyright Reuters, 2016

Markets - Fixed Income - Europe

Spain 50-year success shows low yields are here to stay LONDON: The success of Spain's 50-year bond is the latest indication of how desperate investors are for any sort of yield and the growing belief that favourable monetary policy and low rates are here to stay. The Iberian country this week printed a 3bn 3.45pculy 2066 bond, following France and Belgium who have both priced 50-year bonds in recent weeks, both also for 3bn. While the popularity of the two core European countries at the ...

Markets - Fixed Income - Europe

Norway's April new home sales rose 17pc, housing starts up 21pc OSLO: The sale of new Norwegian homes rose by 17 percent year-on-year in April, while housing starts rose by 21 percent, the Norwegian Home Builders' Association said on Friday. In March, home sales fell by 14 percent from the same month of 2015, while housing starts fell by 16 percent.Copyright Reuters, 2016

Markets - Fixed Income - Europe

Bund yields edge to another one-month low, 2016 trough in sight LONDON: German Bund yields forged a new one-month low on Thursday with demand for safe haven debt propped up by global growth worries, stock market woes and a rebounding single currency. The European benchmark 10-year yield has been edging steadily lower over the past fortnight, homing in on a 2016 trough of 0.075 percent struck on April 11 and a record low of 0.05 percent set last year. Global shares fell broadly on Thursday, with ...

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 ...

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 ...