02132016Sat
Last update: Sat, 13 Feb 2016 03pm

Europe

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 withstand higher borrowing costs.The move sparked a surge in equity markets, heartened by the signal of confidence in the world's largest economy, as well as in European government bonds.Ten-year gilt yields fell 5.6 basis points on the day to 1.89 percent, and yields fell across other maturities too."Overall, there were no nasty surprises in there - the Fed sounded quite dovish, data-dependent, so I think fixed income markets were quite happy with it," Jason Simpson, ...

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 ...

Markets - Fixed Income - Europe

Kazakhstan CDS jump, Eurobonds fall after tenge hits record low LONDON: Kazakhstan's debt insurance costs rose and Eurobond prices fell across the curve on Monday after the country's tenge currency hit a fresh record low, weighed down by weaker oil and rouble prices. Data from Markit showed that five-year credit default swaps rose 23 basis points (bps) to 314 bps, the highest since late-October. Kazakh dollar-denominated bonds fell, shaving off as much as 0.64 cents, with the 2025 issue trading at 97.448 cents in the ...

Markets - Fixed Income - Europe

German bond yields reverse early rise as oil price hits new lows LONDON: German government bond yields fell on Monday, reversing an early rise, as the price of oil struck new lows. Oil fell for a seventh straight session, with US crude prices below $35 for the first time since early 2009, on growing fears that the global oil glut would worsen in the months to come in a pricing war between key producers. The fall in the oil price has fueled a view that the European ...