02082016Mon
Last update: Mon, 08 Feb 2016 09am

Europe

Markets - Fixed Income - Europe

German Bund yields hit lowest since ECB's latest easing LONDON: Yields on German 10-year Bunds fell on Wednesday to their lowest levels since the European Central Bank (ECB) eased monetary policy in December.Long-term inflation expectations, which hit three-month lows following Tuesday's below-forecast euro zone consumer prices data, were a major factor behind the move.The euro five-year, five-year breakeven forward, which shows where markets expect 2026 inflation forecasts to be in 2021, has lost almost 20 basis points since hitting a high last month.This is despite the ECB cutting interest rates deeper into negative territory and extending its bond-buying programme on Dec. 3 in an effort to boost inflation in the euro area.The measure stands at roughly 1.63 percent, well below the ECB's target of roughly 2 percent.One-year inflation swaps are also at three-month lows of 0.15 percent, having fallen more than 40 basis points since the December highs. Thirty-year inflation swaps are 1.65 percent, showing the market does not ...

Markets - Fixed Income - Europe

German Bund yields at lowest since ECB's Dec 3 easing meeting LONDON: Yields on German 10-year Bunds fell below 0.50 percent on Wednesday for the first time since the European Central Bank eased monetary policy last month.Long-term inflation expectations were a major factor, hitting three-month lows after below-forecast euro zone consumer prices data.Despite the ECB cutting interest rates deeper into negative territory and extending its bond-buying programme on Dec. 3, the euro five-year, five-year breakeven forward has lost almost 20 basis points since last month's high. ...

Markets - Fixed Income - Europe

German bond yields stabilise after Chinese intervention LONDON: A decline in German bond yields levelled out on Tuesday after China took measures to halt a slide in its currency and stock market, offseting most of the impact of below-forecast euro zone inflation data.German yields dipped 1 basis point (bps) to 0.56 percent, stabilising after Monday's 9-bps slide, when investors were looking for a safe haven amid geopolitical tensions and doubts about the health of China's economy.Beijing injected liquidity into domestic markets, set ...

Markets - Fixed Income - Europe

German bond yields stabilise after Chinese intervention LONDON: A decline by German bond yields levelled out on Tuesday after China took measures to halt a slide in its currency and stock market. German yields edged down to 0.56 percent, largely halting a slide of 9 bps on Monday, when investors were looking for a safe haven amid geopolitical tensions and doubts about the health of China's economy. But analysts point out that euro zone inflation data came up short of expectations and ...

Markets - Fixed Income - Europe

Russia announces lawsuit against Ukraine over default on $3bn debt MOSCOW: Russia's finance ministry said Friday it was suing Ukraine for defaulting on a $3-billion debt to Moscow, following an order by President Vladimir Putin. Kiev is "in a state of default" regarding its obligations toward Moscow and legal proceedings would ensue, the ministry said."Russia's finance ministry (...) has initiated procedures required for an immediate lawsuit against Ukraine," the statement said, adding that the lawsuit would be heard in a British court.Ukraine announced last month ...

Markets - Fixed Income - Europe

Russian foreign debt falls to $538.2bn on Oct. 1: central bank MOSCOW: The level of Russia's foreign debts fell to $538.2 billion on Oct. 1, down from $555.7 billion on July 1, the Russian central bank said on Friday. The Oct. 1 figure represents an upward revision compared with a previous estimate of $521.6 billion published in October. The central bank also said Russia ran a current account surplus of $7.5 billion in the third quarter, an upward revision from its previous estimate. Preliminary data published ...

Markets - Fixed Income - Europe

Russia to offer OFZ bonds worth 250bn roubles in Q1 MOSCOW: Russia's Finance Ministry said on Wednesday it plans to offer OFZ treasury bonds worth 250 billion roubles ($3.4 billion) at auctions in the first quarter 2016. It said it would offer 5-year bonds worth 70 billion roubles, 5- to 10-year bonds worth 110 billion roubles and 10-year bonds worth 70 billion roubles. Copyright Reuters, 2015 ...