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Europe

Markets - Fixed Income - Europe

UK gilt yields at new lows as EU vote doubts grip market LONDON: British government bond yields struck new record lows on Monday, pushed down by uncertainty about the outcome of next week's European Union membership referendum and by a rally in bonds around the world. A move by investors to buy up safe-haven gilts - which pushes down the yield - largely reflected nervousness around sterling assets ahead of the June 23 vote, which opinion polls show will be a close call.Earlier on Monday, the pound fell to an eight-week low, while the cost of hedging sterling against big swings versus the euro hit a record high.Ten-year gilts outperformed both German Bunds - which hit their own record low yields barely above zero on Friday - as well as US Treasuries.Shaky global growth and expectations that the European Central Bank and Bank of Japan will further ease monetary policy have also contributed to a surge in high-rated government bond prices around ...

Markets - Fixed Income - Europe

Spain to issue up to 11bn euros in debt this week MADRID: Spain will issue between 9 billion and 11 billion euros ($10 billion and $12 billion) in T-bills and bonds this week, the Treasury said on Monday. On Tuesday, the Treasury plans to issue between 4.5 billion and 5.5 billion euros in 6- and 12-month T-bills. On Thursday, Spain will auction between 4.5 billion and 5.5 billion euros of bonds due 2019, 2021, 2026 and 2040. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

UK 30-year borrowing costs hit record low LONDON: British 30-year government borrowing costs struck a new record low on Friday, reflecting a global bond rally spurred by uncertainty about the world economic outlook and the outcome of Britain's referendum on European Union membership. The 30-year gilt yield fell to an all-time low of 2.039 percent, down 3 basis points on the day, according to Reuters data and pushing past a previous record low of 2.040 percent set on Jan. 30, 2015. The ...

Markets - Fixed Income - Europe

Global bond rally puts Bunds within a whisker of zero yields LONDON: Germany's 10-year Bund yield hit a new record low on Friday and was within striking distance of zero, as worries about global growth and political risks ensured a bullish tone for safe-haven debt markets across the globe. As Bund yields took a step closer to negative territory, 30-year German bond yields fell to their lowest level in over a year. There has been little let-up in the downward march in yields across the world ...

Markets - Fixed Income - Europe

Bolivia eyeing $1bn bond in coming months LONDON: Bolivia is hoping to sell a eurobond of up to $1 billion in the months to come, the country's Economy Minister Luis Arce Catacora said on Thursday. "If the conditions are good it will be in the next months," Catacora told journalists in a briefing during a Developing Markets Associates investment conference. "We have authorisation for this, for $1 billion this year," he said, adding he expected the bond to come with a 10-year ...

Markets - Fixed Income - Europe

Spanish house prices rise at pre-crisis pace in first quarter MADRID: Spanish house prices rose 6.3 percent in the first quarter of the year, the strongest gain in more than eight years, in one of the clearest signs yet that the property market is starting to stabilise after a prolonged slump. The year-on-year rise in prices recorded between January and March was the fastest since the third quarter of 2007, according to the data from the National Statistics Institute on Thursday.New house prices rose 6.1 ...

Markets - Fixed Income - Europe

Mauritius' 3-year bond yield dips to 3.36pc at auction PORT LOUIS: The weighted average yield on Mauritius' three-year bond fell to 3.36 percent at an auction on Tuesday from 3.48 percent at the last sale on May 19, the central bank said. The bank sold all the 2 billion rupees ($56.66 million) worth of the debt it had offered. It received bids worth a total 2.8 billion rupees at yields ranging from 3.20 percent to 4.0 percent.The bond has a coupon rate of 3.20 ...