Europe
Monday, 01 April 2013 20:19
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ISTANBUL: Turkish bond yields inched up in thin trade on Monday as a rise in Istanbul retail prices pointed to higher nationwide inflation when figures are released this week.Retail prices in Turkey's largest city rose 0.93 percent month-on-month in March, the Istanbul Chamber of Commerce said on Monday. Turkish inflation data for March is due on Wednesday.By 1440 GMT the two-year bond yield was at 6.38 percent, compared with 6.36 percent on Friday.The lira was at 1.8072 against the dollar, firming from 1.8096 late on Friday. Against its euro-dollar basket, it eased to 2.0648 from Friday's 2.0643.Markets shrugged off data which showed the economy grew 2.2 percent last year, weaker growth than economists had expected, with manufacturing data for March suggesting a recovery was around the corner.The market will be eying a Treasury auction on Tuesday of a reissue of a 14-month zero-coupon bond and 10-year fixed-coupon bond. The Treasury ...
LONDON: German Bund futures held steady on Tuesday, staying near highs hit the previous day as markets worried that Cyprus's bailout could be a template applicable to larger states that might get into difficulty.The head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, said on Monday that a Cypriot bailout, which wiped out some senior bank bondholders and will impose big losses on large depositors, was a new template for resolving euro zone banking problems.He ...
PARIS: France will sell a new 30-year bond by syndication in the coming days depending on market conditions, the Agence France Tresor public debt management agency said on Monday.The joint lead managers for the issue will be Barclays, Morgan Stanley, BNP Paribas Royal Bank of Scotland and Societe Generale and all primary dealers will take part in the syndicate, AFT said in a statement.The AFT said the issue was part of its 2013 funding plan. ...
LONDON: US debt prices fell on Monday after Cyprus agreed a last-gasp deal to prevent the collapse of its banking sector, cooling demand for the safety of low-yielding Treasuries. Cyprus reached a deal with international lenders to secure a 10 billion euro bailout hours before a deadline, prompting some selling from investors who had bought Treasuries last week for their safety and liquidity when talks were struggling. "The general theme today is risk-on so the ...
ISTANBUL: Turkish bonds yields inched up on Thursday, helped by speculation the central bank will shy away from another cut in interest rates at its meeting next week.Shares in one of the world's more robust emerging economies edged higher, outperforming peers, but the lira fell, largely due to the broadly negative tone to European markets due to concerns over Cyprus.The yield on the two-year bond edged up to 6.21 percent from Wednesday's close at 6.18 ...
LONDON: British government bonds reversed their underperformance versus Bunds after the plan for gilt sales in 2013/14 undershot forecasts and a new remit for the Bank of England raised chances it would buy more gilts.British debt lagged German paper early in the session after minutes of the BoE's latest meeting showed policymakers were no closer to backing additional asset purchases this month than last.However, gilts recovered their footing after finance minister George Osborne announced a ...
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