04292016Fri
Last update: Fri, 29 Apr 2016 08pm

Europe

Markets - Fixed Income - Europe

Peripheral bond yields lead euro zone lower, Germany lags LONDON: Peripheral government bonds led euro zone yields lower on Monday, with German bonds underperforming a day after voters punished Chancellor Angela Merkel's conservatives in three German regional elections. Southern Europe is seen as the main beneficiary of last week's monetary easing from the European Central Bank, pushing bond yields in the periphery down 2-5 basis points.But there was also focus on Germany where Merkel's Christian Democrats (CDU) lost ground in all three states holding elections on Sunday -- giving a thumbs-down to her open-door refugee policy and turning in droves to the anti-immigrant Alternative for Germany (AfD) party.The result is a big setback for Merkel, who has led Europe's biggest economy for a decade."The election outcome in general is not surprising, but what is surprising is the share of the vote taken by the AfD and the scale of losses for Merkel's party," said DZ Bank strategist Daniel Lenz.Germany's ...

Markets - Fixed Income - Europe

Poland to offer PLN 1.0-2.0bn in T-bills on Monday WARSAW: Poland will offer 1.0-2.0 billion zlotys ($258-$515 million) in 37-week treasury bills at a tender on Monday, the finance ministry said in a statement on Friday. The offer is in line with the ministry's plan for debt supply in March. ($1 = 3.8806 zlotys) Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

France to sell up to 9bn euros of bonds next week, sell new linker PARIS: France will sell up to nine billion euros ($10.0 billion) of fixed rate and inflation linked bonds at its next regular auction, the Agence France Tresor public debt management agency said on Friday. AFT said that it would offer 6.0-7.0 billion euros of three lines of fixed-rate medium term bonds at Thursday's auction. It will also sell 1.5-2.0 billion euros of a new inflation linked bond indexed to euro zone inflation and maturing September ...

Markets - Fixed Income - Europe

Italy 3-year auction yields below zero for first time MILAN: Italy sold the top planned amount in bonds at auction on Friday, paying negative three-year yields for the first time ever after the European Central Bank widened its stimulus measures but indicated that further rate cuts were unlikely. Italy raised 7.5 billion euros ($8 billion) selling three nominal bonds including a new seven-year issue maturing in March 2023. The Treasury paid a negative 0.05 percent yield to sell a new tranche of an October ...

Markets - Fixed Income - Europe

Short-term bond yields surge as ECB signals rate freeze LONDON: German two-year bond yields posted their biggest daily rise in three months on Thursday after ECB President Mario Draghi said he did not anticipate reducing interest rates further.The comments dampened enthusiasm for a wide package of stimulus measures unveiled at the central bank's policy meeting, including cuts to the ECB's main rates, an expansion of its bond-buying programme and a new loan scheme for banks.Yields on the two-year Schatz initially touched a day's low ...

Markets - Fixed Income - Europe

Romania sells 275mn euros of Feb. 2021 bonds BUCHAREST: Romania sold a more than planned 275 million euros ($301.46 million) worth of domestic bonds due February 2021 at an average accepted yield of 1.0 percent, central bank data showed on Thursday. Debt managers, who had planned to sell 250 million euros, first sold the five-year euro-denominated issue in February at the same average yield. On Thursday, bids totalled 329 million euros. So far this year, the finance ministry has sold just under 11 ...

Markets - Fixed Income - Europe

Greece rolls over 3-month T-bills, yield steady ATHENS: Greece sold 1.3 billion euros ($1.43 billion) of three-month T-bills to refinance a maturing issue, the country's debt agency PDMA said on Wednesday. The debt agency sold the new paper at a yield of 2.70 percent, unchanged from a previous sale last month. The amount raised included 300 million euros in non-competitive bids. In the rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The sale's bid-to-cover ...