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Last update: Mon, 23 Jan 2017 05pm

Europe

Markets - Fixed Income - Europe

South European bonds sell off as ECB rises up the agenda LONDON: Low-rated debt from southern Europe led a renewed sell-off among euro zone government bonds on Wednesday, on expectations of higher inflation and what that could mean for the future of European Central Bank policy. Italian and Spanish bond yields were up 7 to 8 basis points and Portuguese government bond yields hit their highest levels since February at one stage, rising 17 basis points to 3.70 percent, before settling down to 3.65 percent by midday."It's scary that the Portuguese bonds are the worst performers by a large margin despite the positive growth data from Tuesday," said Commerzbank strategist David Schnautz.Portuguese growth accelerated sharply in the third quarter thanks to higher exports, with the economy expanding 0.8 percent in July-September from the preceding three-month period, the National Statistics Institute said on Tuesday.The prospect of a $1-trillion fiscal spending boost, and higher inflation, following Donald Trump's victory in the US presidential ...

Markets - Fixed Income - Europe

UK 10-year yields near six-month high on inflation bets LONDON: British 10-year government bond yields approached their highest level in six months on Monday, after prices fell for a sixth day in a global rout driven by expectations that President-elect Donald Trump's policies will boost inflation.Ten-year yields peaked at 1.491 percent at 1112 GMT according to Reuters data, more than 12 basis points up on the day and a whisker away from the 1.5 percent level that would mark the highest yield since May ...

Markets - Fixed Income - Europe

Romania rejects bids at Sept. 2031 treasury bonds tender BUCHAREST: Romania's finance ministry rejected all bids at a tender to sell 200 million lei ($48.50 million) worth of Sept. 2031 treasury bonds, central bank data showed on Thursday. It said the issue was undersubscribed and bids totalled 150.6 million lei. Debt managers sold half of the planned amount at a similar tender in October, at an average accepted yield of 3.63 percent. So far this year, the ministry has sold 42.5 billion lei and ...

Markets - Fixed Income - Europe

Yields fall at Belgian T-bill auction, 12-month at record low BRUSSELS: Belgium raised 1.796 billion euros ($1.98 billion) of short-term debt at an auction on Tuesday, with yields falling further below zero. Three-month treasury bills, the most frequently auctioned maturity, sold for a yield of minus 0.750 percent, down from the minus 0.741 percent at the most recent auction a week earlier, but just short of the record low of minus 0.754 percent set at the start of October. Twelve-month paper dropped to a new ...

Markets - Fixed Income - Europe

Greek yields slide after PM comments on inclusion in ECB QE LONDON: Greece's borrowing costs slid on Monday, after a cabinet reshuffle boosted sentiment and the country's prime minister raised the possibility that Greek bonds could be included in the ECB's bond-buying scheme early next year. Two-year bonds yields touched a record low at 4.767 percent , according to Tradeweb data. Greece's 10-year bond yield fell 35 basis points to 7.635 percent, its lowest level in five months, while five-year yields were down almost 40 bps. ...

Markets - Fixed Income - Europe

UK gilt yields touch new post-Brexit vote highs LONDON: Yields on British government bonds touched their highest levels since the Brexit vote on Friday as investors discounted the chance of a Bank of England rate hike next week and pondered the risk of a lot more public borrowing in the years ahead.Ten-year gilt yields peaked at 1.312 percent at 1239 GMT, their highest since Britain's June 23 referendum decision to leave the European Union, and more than 5 basis points up on the ...

Markets - Fixed Income - Europe

Yields fall at Belgian long-term debt auction BRUSSELS: Belgium sold 1.8 billion euros ($1.96 billion) of medium- and long-term debt at an auction of linear bonds (OLOs) on Monday, the country's debt agency said, with yield for the benchmark 10-year bond falling. At the sale, which brought in an amount at the top of the range the agency had set previously, the 10-year benchmark sold for a yield of 0.192 percent, down from the 0.240 percent at the last auction of this ...