01252017Wed
Last update: Wed, 25 Jan 2017 12am

Europe

Markets - Fixed Income - Europe

Italian government bond yields fall on Monte dei Paschi rescue reports LONDON: Italian bond yields fell on Wednesday after reports the government is preparing to rescue ailing lender Monte dei Paschi as hopes of a private recapitalisation fade.  Sources told Reuters the government is preparing to take a 2 billion euros controlling stake in the bank, while Italian daily La Stampa reported the country is set to ask euro zone bailout fund ESM for a 15 billion euro loan for Monte dei Paschi and other struggling lenders.Italy's treasury declined comment on the La Stampa report.Ten-year government bond yields fell 5 basis points to 1.92 percent in early trading, just above three-week lows of 1.89 percent hit on Tuesday.  Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Romania finmin plans to sell 3.87bn lei of debt in December BUCHAREST: Romania aims to sell 3.6 billion lei ($848.46 million) worth of leu currency bills and bonds in December, and an additional 270 million lei at non-competitive rounds of auctions, the finance ministry said on Monday. Debt managers sold an overall 1.95 billion lei worth of domestic leu debt in November. They sold less than planned and even scrapped two tenders altogether as the US election's unexpected win and expectations for a rise in US ...

Markets - Fixed Income - Europe

German 2-year bond yield at record low, set for biggest 2-week fall since 2013 LONDON: Short-dated German government bond yields set a new record low and were on track for their biggest two-week fall in more than three years on Friday, highlighting demand for top-rated assets even as global bond markets take a beating. Demand for German debt for use as collateral for short-term lending in repo markets has helped drive two-year bond yields lower this week. Jitters ahead of an Italian referendum on Dec. 4 have also bolstered ...

Markets - Fixed Income - Europe

Italy-Germany 10-yr bond yield hits new high since Oct. 2014 MILAN: The yield spread between Italian 10-year bonds and German Bunds rose to a new high since October 2014 on Friday, reaching 190 basis points as investors turned to top-rated assets such as German bonds. Short-dated German government bond yields set a new record low and were on track for their biggest two-week fall in more than three years on Friday. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Romania sells 711mn lei of 364-day treasury bills BUCHAREST: Romania sold a lower than planned 711 million lei ($166.85 million) worth of 364-day treasury bills, at an average accepted yield of 0.84 percent on Thursday, central bank data showed. Debt managers, who had planned to sell 800 million lei, last sold similar maturity paper in October at an average yield of 0.6 percent. On Thursday, bids totalled 966 million lei.So far this year, the ministry has sold roughly 42.9 billion lei and 775 ...

Markets - Fixed Income - Europe

Gilt yields soar as market digests Brexit borrowing glut LONDON: Long-dated gilt yields rocketed on Wednesday after British finance minister Philip Hammond ramped up his forecasts for government borrowing in Britain's first budget update to count the cost of voting to leave the European Union.Britain will need to borrow 122 billion pounds ($151 billion) more over the next five years than it expected before June's Brexit vote, Hammond said.To cope with the higher borrowing, the UK Debt Management Office announced the biggest mid-year increase ...

Markets - Fixed Income - Europe

German two-year bond yield at record low on scarcity fears LONDON: Germany's two-year government bond yield hit a record low on Wednesday on expectations that the European Central Bank will extend its asset purchase programme beyond March 2017, exacerbating the scarcity of tradable bonds. The two-year German government bond, or "Schatz", dropped to minus 0.75 percent, having dipped below minus 0.70 percent for the first time in months on Tuesday.ING attributed the move to increasing collateral scarcity as short-dated German government bonds are often posted ...