09262016Mon
Last update: Mon, 26 Sep 2016 10pm

Europe

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 10-year gilt yield also fell to a new record low of 1.213 percent, also down more than 3 basis points on the day. Earlier on Friday, Germany's 10-year Bund yield fell within touching distance of zero and likewise hit a new record low. Copyright Reuters, 2016 ...

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 ...

Markets - Fixed Income - Europe

Turkish Treasury benchmark bond yield at 9.32pc in tap, below f'cast ISTANBUL: The Turkish Treasury sold a net 1.438 billion lira ($496 million) in a tap of a five-year benchmark bond on Tuesday at a compound yield of 9.32 percent, data showed, slightly below a Reuters poll forecast of 9.33 percent. Nominal bids for the bond, which matures on Feb. 17, 2021, amounted to 2.442 billion lira.Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

ECB's tepid inflation forecast pushes Bund yields to 3-week low LONDON: German 10-year bond yields fell to a three-week low on Thursday as the European Central Bank only tentatively upgraded its forecast for future inflation, just as oil prices skirted away from $50 a barrel. The ECB nudged up its inflation forecast for 2016 but predicted price growth would remain below target through 2018 as it struggles with cheap energy feeding into the price of other goods and services.It raised its 2016 inflation projection to ...