07242016Sun
Last update: Sun, 24 Jul 2016 04am

Europe

Markets - Fixed Income - Europe

Spain's 10-year yields fall below Italy's, tightest spread since July 2015 LONDON: The yield on Spain's 10-year government bonds fell below its Italian counterpart for the first time in almost a year on Tuesday. Spanish bond yields, which posted their biggest one-day fall for two years on Monday on hopes of an end to political deadlock, fell a further 13 basis points on Tuesday to 1.33 percent.Italian 10-year yields fell 8 bps to 1.35 percent but the gap between those and Spanish peers was at its tightest since July 2015.Bond yields in peripheral eurozone states were dragged lower by expectations of further monetary easing by the European Central Bank to mitigate the fallout from last week's Brexit vote. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

British government bond prices rise on Brexit vote PARIS: British government bonds surged Friday as investors bought into their relative safety following Britain's vote to leave the European Union.The yield on the benchmark 10-year government bond, or gilt, dropped to 1.014 percent, its lowest level ever.Copyright AFP (Agence France-Presse), 2016 ...

Markets - Fixed Income - Europe

Safe-haven German bonds in favour as tight UK referendum kicks off LONDON: A sense of caution as voting kicked off in a tight referendum on the UK's membership of the European Union bolstered safe-haven German bonds on Thursday, as latest polls showed a slight tilt towards those in favour of keeping Britain in the EU.Sterling rose to its strongest this year against the dollar after two polls showed a swing to "Remain" and betting markets priced in an 80 percent chance Britain would not vote to ...

Markets - Fixed Income - Europe

UK gilt yields keep rising as market's Brexit bets recede LONDON: Gilt yields increased sharply for a fourth straight session on Wednesday, hitting their highest level since the start of June as investors shifted referendum expectations towards Britain staying in the European Union. The 10-year gilt yield peaked at 1.326 percent, its highest since June 3, but later pared gains after an opinion poll showed a one-point lead for the campaign to leave the EU just one day before the vote.It closed at 1.31 percent, ...

Markets - Fixed Income - Europe

German 30-year Bund yield lowest on record in auction: debt agency BERLIN/LONDON: Germany's Federal Finance Agency said on Wednesday that the average yield fetched at a top-up auction of a 30-year Bund was the lowest on record for that debt instrument during an auction, a spokesman for the Finance Agency said.The bid to cover ratio of the auction was 2.0 and the average yield was fixed at 0.65 pct which was the lowest recorded during an auction for that type of paper, spokesman Joerg Mueller said.A ...

Markets - Fixed Income - Europe

Fractures in euro zone bond markets heal as Brexit fears ebb LONDON: A split in euro zone bond markets, created by worries over Britain's upcoming referendum on its EU membership, narrowed for a second day on Monday after polls showed the "Remain" camp recovering some momentum. Yields on German bonds -- the EU's top-rated debt, considered a refuge in time of stress -- rose to near a two-week high as investors returned to southern European bonds and stocks that carry more risk but offer greater returns. ...

Markets - Fixed Income - Europe

Slovakia sells 223.0mn euros of 2023 bonds PRAGUE: Slovakia sold 223.0 million euros ($252.86 million) worth of 0.00 percent state bonds due in November 2023 at an auction on Monday, the finance ministry's Debt and Liquidity Management Agency (ARDAL) said.The bid/cover ratio was 1.6996, compared with 1.3971 in the previous sale in May.ARDAL had indicated it aimed to sell around 250 million euros worth of this paper.Copyright Reuters, 2016 ...