05052016Thu
Last update: Thu, 05 May 2016 02am

Europe

Markets - Fixed Income - Europe

Short-dated Greek yields near six-week high after IMF warnings LONDON: Greek two-year yields marched towards a six-week high on Wednesday after the IMF painted a grave outlook for its economy and renewed calls for its reluctant EU partners to grant substantial debt relief. The warnings detailed in a draft IMF memorandum seen by Reuters come just as Athens and its creditors adjourned talks on its latest bailout review which have dragged on for months.These delays have reignited concerns Athens may not have the cash to repay debts falling due in July and will not put its debt on a sustainable path to finally put to bed fears about its future in the currency bloc."The Greek situation is a problem that is going to recur at some point further down the line, it is just a question of when," Credit Agricole strategist Orlando Green said."The big issues about debt sustainability have not been removed despite the various bailouts that have ...

Markets - Fixed Income - Europe

Bund yields ride redemption flows back to one-year low LONDON: German 10-year yields hit their lowest level in a year on Monday with analysts pointing to a wave of bond redemption and coupon payments pinning borrowing costs near record lows. At 55 billion euros, the amount of cash flowing back to investors this week is five times that of the debt scheduled to be sold via new bonds, bolstering demand in secondary markets that is already supported by the European Central Bank's recently upsized ...

Markets - Fixed Income - Europe

Gazprom sees 2015 dividend flat yr/yr MOSCOW: Russian gas giant Gazprom will pay a dividend of 7.2 roubles per share for last year, keeping them at the same level as in 2014, TASS news agency quoted Gazprom's chairman Viktor Zubkov as saying on Saturday. Gazprom said last week that its net profit under Russian Accounting Standards (RAS) more than doubled in 2015 to 403.5 billion roubles ($6 billion), from 189 billion roubles in 2014.Gazprom plans to stick to its production forecast ...

Markets - Fixed Income - Europe

Greece to auction 625mn euros of 3-month T-bills on April 13 ATHENS: Greece will sell 625 million euros ($710.6 million) of three-month Treasury bills on April 13 to refinance a maturing issue, debt agency PDMA said on Friday. Athens successfully rolled over 1.3 billion euros of three-month T-bills last month, with the paper priced to yield 2.70 percent. In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills will be April ...

Markets - Fixed Income - Europe

German yields' drop towards zero halted by rising oil prices LONDON: A push towards zero by 10-year Bund yields halted on Wednesday as oil futures recovered and market participants hesitated to test the record lows reached before a sell-off last May.Yields rose across the euro zone, although Portuguse debt underperformed as investors made room in their books for 2022 and 2045 bonds that Lisbon is selling via syndication. Oil futures recovered from one-month lows as Kuwait's OPEC governor and two sources said all signs suggested ...

Markets - Fixed Income - Europe

German factory slump sends Bund yield near one-year low LONDON: German 10-year Bund yields fell below 0.10 percent for the first time in almost a year on Tuesday as the biggest fall in the country's factory orders in six months suggested a global slowdown was leaving its mark.The unexpectedly poor data, accompanied by a downward revision to euro zone business growth, keeps the onus on central bank easing at a time when yields are also being pushed lower by the European Central Bank's ramped-up ...

Markets - Fixed Income - Europe

Ramped-up ECB QE brings German 10-year yields closer to zero LONDON: German 10-year Bund yields fell closer to zero on Monday as ramped-up bond purchases by the European Central Bank offset investor appetite for riskier assets following solid U.S. data.The ECB expanded its quantitative easing programme by a third to 80 billion euros from April. Much of the additional buying is expected to be targeted at government bonds in the short term as plans to include corporate bonds in the scheme take effect later this ...