02142016Sun
Last update: Sun, 14 Feb 2016 02am

Europe

Markets - Fixed Income - Europe

German bond yields sink as Fed seen cautious on rates LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's largest economy. Yellen told US lawmakers on Wednesday that the Fed was unlikely to reverse its plan to raise interest rates, having hiked for the first time in a decade in December, but financial conditions have become "less supportive" for growth. Investors have all but ruled out further interest rate rises this year. "While she was trying to be balanced, Yellen's comments were clearly dovish," Soeren Moerch, head of fixed income trading at Danske Markets, said. Commerzbank pointed out Yellen's response to one question on the potential for negative interest rates to which she responded they are "something we will and should look at". J.P. Morgan said this week that ...

Markets - Fixed Income - Europe

Italy sells top amount at bond auction, yields rise MILAN: Italy sold three and seven-year bonds on Thursday at slightly higher yields compared to a month ago as investors worried about slowing economic growth cut exposure to the debt of weaker issuers. Italy raised the top planned amount of 5.5 billion euros ($6.2 billion) over three bonds at the auction. The sale came as Italian shares tumbled led by banks and the yield premium of Italian 10-year bonds over safer German Bunds rose to ...

Markets - Fixed Income - Europe

Romania sells 500mn lei of Dec. 2022 T-Bonds BUCHAREST: Romania sold a planned 500 million lei ($126.28 million) of Dec. 2022 treasury bonds on Thursday, with the average accepted yield at 2.89 percent, central bank data showed.Debt managers last issued the paper in January, at an average yield of 3.06 percent.So far this year, Romania has sold roughly 7.64 billion lei of domestic debt. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Yields fall further for Belgian 12-month treasuries BRUSSELS: Belgium raised 2.6 billion euros ($2.91 billion) of short-term debt at an auction of 12- and three-month bonds, with yields for the longer maturity falling further below zero, the country's debt agency said on Tuesday. One-year paper, which last auctioned for a yield of -0.374 percent in January, fell to -0.423 percent. Three-month treasury bills, the most regularly auctioned maturity, were sold for a yield of -0.374 percent, broadly unchanged from the -0.379 percent ...

Markets - Fixed Income - Europe

Irish yields dip back below 1pc after Fitch upgrade LONDON: Irish 10-year bond yields dipped on Monday as an upgrade to the country's credit rating by Fitch countered selling pressure ahead of what is expected to be a close-run election on Feb. 26. Fitch raised Ireland by one notch to A late on Friday.One opinion poll on Saturday showed Prime Minister Enda Kenny's conservative party had halted a recent slide in popularity but it fell sharply in another, maintaining the potential for an inconclusive ...

Markets - Fixed Income - Europe

Poland sells 7.5bn zlotys bonds at auction WARSAW: Poland sold a total of 7.5 billion zlotys ($1.90 billion) in zero-coupon bonds due October 2018 and fixed-rate bonds due July 2026, the finance ministry said in a statement on Thursday. This consisted of 3.64 billion zlotys in the zero-coupon bond and 3.86 billion in the bond due 2026. Details of the auction are available at the ministry's pages in the Reuters system. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

UK 5-year gilt yield hits lowest since 2013 ahead of BoE outlook LONDON: British five-year gilt yields fell to their lowest level since mid-2013 on Wednesday, after weak U.S. economic data underlined why Bank of England officials are likely to strike a cautious tone in their latest economic outlook.Government bonds around the world rallied after figures showed activity in the vast U.S. services sector slowed to its lowest in nearly two years last month, suggesting economic growth weakened in the world's largest economy.The five-year gilt yield slipped ...