Europe
Friday, 17 May 2013 03:29
12
LONDON: British government bonds bounced on Thursday in a broad bond-market rally after US economic data raised fears about the health of the world's leading economy.Earlier on Thursday, Britain auctioned 2.5 billion pounds ($3.8 billion) of 2044 gilts, drawing bids totalling double the amount on offer and a 3-tick price tail, half the tail when it last sold the gilts in April.June gilt futures settled 54 ticks higher at 118.07, having bobbed around the 117.60 level in the first half of the session before the US data came out showing a sharp rise in US jobless claims, home-building starts tumbling and a gauge of underlying inflation pointing to weak demand.British debt lagged German Bunds, which were 67 ticks up on the day, a day after the Bank of England struck a rare upbeat note on the economy, driving gilts into the red.For the first time in years, the central bank ...
LONDON: Italian yields edged up before a bond sale on Monday, while Bund futures recovered from six-week lows after a European Central Bank policymaker reiterated a deposit rate cut was possible.Italy will offer up to 8 billion euros of fixed-rate bonds and debt linked to 6-month Euribor (CCTEUs) at its regular mid-month auction. Traders said investors sold Italian bonds early in the session to make room for the new supply.Appetite for Italian and other high-yielding ...
LONDON: German Bunds fell to their lowest in over a month on Friday, in line with a selloff in US and Japanese bonds triggered by the dollar's sharp rise against the yen.Traders said the dollar's rise to a 4-1/2 high of 101.66 yen had prompted selling of Treasuries and Japanese bonds by investors who needed to hedge some structured deals, and Bunds were caught in their downdraft.Demand for safe-haven bonds has been undermined this week ...
ZURICH: The Swiss franc strengthened against the dollar on Tuesday, diverging from the euro, which weakened again against the greenback after Monday's dovish comments from the European Central Bank chief.ECB President Mario Draghi reiterated the central bank's readiness to cut interest rates - including the zero deposit rate - further if the euro zone economy deteriorates, sending the euro to session lows against the dollar."The prospects of negative deposit rates in particular will continue to ...
LONDON: German Bunds held steady on Tuesday, with expectations the European Central Bank may ease policy offsetting selling pressure from a pick-up in the US labour market.ECB President Mario Draghi departed from a prepared speech on Monday to reiterate that the central bank was ready to do more, after cutting interest rates last week, to support the ailing euro zone economy.Bets policy would be eased further helped stabilise Bund futures that tumbled by about a ...
MADRID: Spain said on Monday it aims to issue between 3.5 billion and 4.5 billion euros ($4.59 billion-$5.90 billion) in bonds on Thursday.The Treasury will auction bonds due July 30, 2016, Jan. 31, 2018 and July 30, 2026 on Thursday.Copyright Reuters, 2013 ...
ISTANBUL: Turkish benchmark bond yields hit fresh record lows on Monday as investors prepared for a central bank news conference on Tuesday when the bank could signal it is ready to ease monetary policy further.The central bank is due to release its quarterly Inflation Report on Tuesday and the market expects it will keep its year-end inflation forecast at 5.3 percent but maintain its bias towards a rate cut."We expect the central bank to signal ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
