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Last update: Tue, 31 May 2016 05am

Europe

Markets - Fixed Income - Europe

German bond yields edge down from six-week highs LONDON: German bond yields edged down in holiday-thinned trading on Monday, regaining some of the ground lost last week on the anniversary of one of the biggest Bund routs in history. Retreating oil prices and unconvincing economic data from the euro zone and the world's second largest economy China supported demand for the European benchmark.But holidays in Europe's financial capital London and across Asia kept trading volumes low. Less than 300,000 Bund future contracts traded by 1530 GMT, a fraction of last week's 750,000 daily average. Ten-year yields fell 1 basis point to 0.28 percent , steadying after Friday's 6 bps rise which pushed yields to within a whisker of six-week highs. Bund yields have risen for three consecutive weeks, their worst run since a sell-off a year ago when yields shot from a 0.05 percent record low to over 1 percent in a matter of weeks. But strategists are ...

Markets - Fixed Income - Europe

German yields come down from six-week highs, sell-off fears ease LONDON: German bond yields fell in holiday-thinned trading on Monday, regaining some of the ground lost last week on the anniversary of one of the biggest Bund routs in history.Retreating oil prices and unconvincing economic data from the euro zone and the world's second largest economy China supported demand for the European benchmark.But holidays in Europe's financial capital London and across Asia kept trading volumes low. Less than 100,000 Bund future contracts traded by 1030 ...

Markets - Fixed Income - Europe

Romania aims to sell domestic debt worth 3.3bn lei in May BUCHAREST: Romania aims to sell 3.3 billion lei ($838.39 million) worth of leu currency bills and bonds in May and an additional 345 million lei in non-competitive offers, the finance ministry said on Thursday. Debt managers issued debt worth 3.86 billion lei in April. In May, they have scheduled one tender worth 1 billion lei for one-year treasury bills, and six bond auctions with outstanding maturities ranging between one and seven years. So far this ...

Markets - Fixed Income - Europe

Greek bond yields rise as reform talks delayed LONDON: Greek government bond yields rose sharply and the country's stock market came under pressure on Wednesday, following news that a meeting on Greek reforms has been delayed.Most euro zone bond yields were lower, with the overall tone in markets cautious as two risk events loomed large - a Federal Reserve interest rate decision later on Wednesday and a Bank of Japan meeting on Thursday.Euro zone finance ministers will not meet on Thursday and need ...

Markets - Fixed Income - Europe

Syndication of ultra-long UK gilt draws second-highest demand ever LONDON: Britain's sale of an ultra-long bond drew the second-highest demand ever for a launch via syndication thanks to interest from pension funds, despite financial market volatility ahead of a referendum on the country's membership of the European Union.Britain's Debt Management Office sold 4.75 billion pounds ($6.95 billion) of the 2.5 percent July 2065 bond at an average yield of 2.2905 percent.The sale attracted orders worth 21.3 billion pounds and will increase the total amount ...

Markets - Fixed Income - Europe

Euro zone's low yields finally turning foreign investors away LONDON: Foreign investors have been selling long-dated euro zone bonds on a scale not seen in seven months, a sign of growing reluctance to hold debt with an ultra-low or negative yield.Overseas holders sold a net 42 billion euros worth of long-dated government bonds in February, according to ECB balance of payments data. Societe Generale head of fixed income and forex strategy Vincent Chaigneau blamed the change in sentiment on low yields."Once we got past ...

Markets - Fixed Income - Europe

Bund yields touch five-week high as ESM supply weighs LONDON: German Bund yields hit a five-week high on Monday, reversing early falls, as investors anticipated a new bond issue from the European Stability Mechanism (ESM), the euro zone's crisis resolution fund.The ESM on Monday mandated banks for a 16-year benchmark due on 3 May 2032, IFR reported."Reports that banks are syndicating a 16-year benchmark for ESM is pushing bond yields higher," said Mizuho strategist Peter Chatwell. "But markets are thin and there doesn't appear ...