02082016Mon
Last update: Mon, 08 Feb 2016 01pm

Europe

Markets - Fixed Income - Europe

German Bund yields dip as oil prices fall again LONDON: German Bund yields dipped on Monday as oil prices resumed their fall, keeping inflation expectations subdued and maintaining the prospect of further European Central Bank monetary policy easing.Oil prices have been one of the main drivers in euro zone debt markets, as long-term measures of the market's inflation expectations such as the five-year, five-year breakeven forward remain well below the ECB's target of just below 2 percent.The ECB cut its deposit rate further into negative territory this month and extended its 60-billion-euro-a-month asset purchase programme by six months until March 2017.German 10-year Bund yields, which set the standard for euro zone borrowing costs, fell about 2 basis points to 0.61 percent. They are trading about 6 basis points up on the year, having failed to break below zero in April.Bund futures were up 31 ticks at 158.15."Oil prices could be part of this but it's probably just minor trades ...

Markets - Fixed Income - Europe

Euro zone yields creep up as QE takes Christmas break LONDON: Euro zone bond yields crept higher on Tuesday as the European Central Bank put a temporary halt to its asset purchase programme over the Christmas break.The pause in the 1.5 trillion euro scheme, set to last until Jan. 4, removes a pillar of support for investors at a time when liquidity is low and inconclusive elections in Spain have created price ructions.German 10-year bond yields -- the bloc's benchmark -- rose 3 basis points ...

Markets - Fixed Income - Europe

Gilts rally after US Fed commits to gradual rate hike cycle LONDON: British gilt prices rallied on Thursday after the U.S. Federal Reserve raised interest rates for the first time in nearly a decade, with bond investors relieved by the central bank's commitment to a "gradual" cycle of rate hikes.The Fed raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the U.S. economy was strong enough to ...

Markets - Fixed Income - Europe

Euro zone bond yields fall after smooth Fed lift-off LONDON: Euro zone bond yields fell on Thursday, with investors encouraged by the Federal Reserve's commitment to gradual and data-dependent tightening of monetary policy after its first interest rate increase in nearly a decade.Money markets and short-term bond yields showed no immediate reaction, suggesting investors do not see the Fed move altering the outlook for the European Central Bank, which should be pleased with the weaker euro.The U.S. central bank made clear after the long-awaited ...

Markets - Fixed Income - Europe

Belgian Treasury bill yields fall to fresh lows at last auction of 2015 BRUSSELS: Belgium sold 1.8 billion euros ($1.99 billion) of short-term debt at its final treasury bill auction of the year, with yields falling to new record lows, the country's debt agency said.Three-month paper, the most frequently auctioned maturity, sold for a negative yield of 0.423 percent, down from the minus 0.403 percent earlier this month.Twelve-month paper, which last sold in November for a negative yield of 0.288 percent, exchanged hands at a yield of minus ...

Markets - Fixed Income - Europe

UK's FTSE falls as weaker commodity prices weigh on oil stocks, miners LONDON: Britain's top share index touched new 10-week lows on Monday, pulled lower by a drop in oil companies and miners following a further weakening of commodity prices. The prices of key metals, including copper and gold, fell as the dollar rose. The price of crude neared levels not seen since 2008 on additional fears that the global oil glut would worsen in the months to come. "The oil price taking another leg down isn't ...

Markets - Fixed Income - Europe

Bond yields rise as French, Spanish votes overshadowed in Fed week LONDON: Euro zone bond yields rose on Monday with investors pushing political shifts in France and Spain aside and lightening up positions at the start of a week which could see the first Federal Reserve rate hike in nearly a decade. There was no discernible impact on bond markets from the French elections on Sunday and no sense of increased nervousness before Spanish elections on Dec. 20, a sign that investors are more preoccupied with ...