08272016Sat
Last update: Sat, 27 Aug 2016 08pm

Europe

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 leave the EU.As momentum shifted towards the remain camp over the past week, risk appetite has picked up in global markets - benefiting lower-rated southern European debt at the expense of top-rated German bonds. European shares were broadly higher on Thursday.But with the vote too close to call, caution gripped bond investors, keeping Germany's 10-year government bond yield, the benchmark for borrowing costs in the euro area, within 10 basis points of record lows hit ...

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 ...

Markets - Fixed Income - Europe

Three euro zone countries to sell bonds in coming week LONDON: Slovakia, Belgium and Germany are the three countries in the euro zone selling bonds next week. On Monday, Slovakia will offer two bonds due in 2023 and 2027. Also on Monday, Belgium is scheduled to auction three bonds maturing in 2026, 2031 and 2038. Germany on Wednesday is due to sell 1 billion euros of 30-year bonds. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Portugal sells 1bn euros of T-bills, borrowing costs rise LISBON: Portugal's short-term borrowing costs rose in a Treasury bill auction on Wednesday after a recent jump in the euro zone periphery's debt yields due to concerns that Britain might vote to leave the European Union next week. Copyright Reuters, 2016 ...