Wednesday, 03 April 2013 15:13
Posted by Shoaib-ur-Rehman Siddiqui
LONDON: Bund futures were steady on Wednesday as investors refrained from putting on big bets before a German debt auction this session and the European Central Bank's policy meeting on Thursday.Germany will kick off the week's issuance with a 4 billion euro sale of five-year bonds later. Analysts say the auction will attract demand, despite the low yields on offer, because the bond is considered attractive on a relative basis."It will go absolutely fine (given ...
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MADRID: Spain's Treasury Secretary Inigo Fernandez de Mesa said on Monday he does not rule out a new foreign currency bond issue, specifically in dollars.Spain sold $2 billion of dollar-denominated debt Feb. 20, its first offering in the US currency since September 2009, taking advantage of benign markets to diversify its debt and reduce dependence on domestic investors. Copyright Reuters, 2013 ...
MADRID: Spain raised 4.3 billion euros ($5.5 billion) of medium and long-term bonds Thursday, more than it had targeted, at lower interest rates, despite market concerns over the financial crisis in Cyprus and the political stalemate in Italy.The Treasury had expected to raise 3.0-4.0 billion euros via the bond auctions, and demand outstripped supply by over two to one.The Treasury sold 589.9 million euros of five-year bonds at an average yield of 3.598 percent, down ...
LONDON: Bund futures were steady on Wednesday as investors refrained from putting on big bets before a German debt auction this session and the European Central Bank's policy meeting on Thursday.Germany will kick off the week's issuance with a 4 billion euro sale of five-year bonds later. Analysts say the auction will attract demand, despite the low yields on offer, because the bond is considered attractive on a relative basis."It will go absolutely fine (given ...
LONDON: US Treasuries held steady in Europe on Wednesday, after slipping the previous day when anxiety about Cyprus ebbed and expectations grew for a solid recovery in US employment.Treasuries were seen rangebound before a European Central Bank meeting on Thursday when policymakers are expected to keep rates at a record low 0.75 percent but to try to calm investor fears of the euro zone crisis flaring up again after Cyprus's bailout terms rattled investors.The US ...
LONDON: British government outpaced their German counterparts on Tuesday after UK factory and housing data pointed to weakness in the economy that could prompt more gilt buying by the central bank.Manufacturing activity shrank for a second month in a row in March, with output falling at its fastest pace since October, a survey of purchasing managers found.Bank of England data showed the number of mortgage approvals for house purchase fell again in February, hitting the ...
ISTANBUL: Turkish bond yields inched up on Tuesday ahead of treasury bond auctions later in the day and an expected rise in inflation when data for March is released on Wednesday.Investors were watching for the strength of demand at the reissue of a 14-month zero-coupon bond and 10-year fixed-coupon bond later on Tuesday.By 0743 GMT the two-year bond yield was at 6.40 percent compared with 6.38 percent on Monday.The lira was at 1.8088 to the ...
