07282016Thu
Last update: Thu, 28 Jul 2016 09am

Europe

Markets - Fixed Income - Europe

Greek bond yields touch six-month lows after breakthrough in debt talks LONDON: Greek bond yields hit six-month lows on Wednesday, with short-term yields dipping below those on long-dated debt for the first time since March after euro zone finance ministers unlocked new funds for Athens and gave it a firm offer of debt relief. With fears of a Greek default easing, yields on short-dated Greek government bonds tumbled more than 140 basis points to around 6.75 percent, their lowest in six months. Greece's 10-year yield fell more than 30 bps to 7.07 percent, also a six-month low. Reuters data showed it dipped briefly below 7 percent, the level below which governments find it easier to fund themselves in markets. After talks that lasted until early Wednesday, Eurogroup ministers agreed to release 10.3 billion euros in new funds for Greece in recognition of fiscal reforms pushed through by Prime Minister Alexis Tsipras's leftist-led coalition. But a bigger step was a deal by ...

Markets - Fixed Income - Europe

Britain may launch new 5- and 30-year bonds in July-September LONDON: British government bond dealers and investors recommended that the country's debt agency launch a new 5-year and a new 30-year bond between July and September, minutes from meetings between the two showed on Tuesday. They also suggested that the UK Debt Management Office's bond syndication for the quarter should be of the 0.125 percent index-linked gilt maturing in 2065, with support split between a July and a September sale.The debt agency said it would ...

Markets - Fixed Income - Europe

Bund yield hits two-week high as US rate rise looks more likely LONDON: Germany's benchmark 10-year Bund yield rose to a two-week high on Thursday as minutes from the Federal Reserve's last meeting rekindled talk that U.S. interest rates would rise next month.Fed officials felt the U.S. economy could be ready for another rate increase in June, according to the minutes from the April meeting released on Wednesday that took markets by surprise.The minutes followed hawkish comments from Fed policymakers earlier this week. In addition, data this ...

Markets - Fixed Income - Europe

Inflation gauge hits two-month high, German yields rise with oil LONDON: German bond yields rose and a key measure of long-term euro zone inflation expectations struck a two-month peak on Tuesday as oil prices climbed to nearly $50 a barrel.The steady rally in crude seen over the last fortnight saw U.S. crude futures trade at a seven-month high of $48.42. Analysts expect this to give inflation a boost and for this to show up in data from the world's largest economy later in the day.This ...

Markets - Fixed Income - Europe

German bond yields rise as oil strikes seven-month peak LONDON: German bond yields edged up as oil struck a seven-month high on Tuesday, giving a boost to inflation that analysts expect to see evidenced in data from the world's largest economy, the United States, later in the day. Crude prices have rallied for most of the past two weeks with markets focused on supply disruptions that on Monday prompted long-time oil bear Goldman Sachs to issue a bullish assessment on near-term prices.This recovery was ...

Markets - Fixed Income - Europe

Irish 10-year yield drops below 0.80 percent after ratings lift LONDON: Ireland's long-term government borrowing costs fell below 0.80 percent for the first time in nearly five weeks on Monday after Moody's upgraded the country's credit rating. The lift by one notch to A3 from Baa1 means Ireland has won back an A category rating from all the major agencies, a move that some analysts said could broaden the international buyer base for Dublin's debt. Ireland's 10-year bond yield, having shed 8 basis points on ...

Markets - Fixed Income - Europe

France to sell 5.5-6.5bn eur of medium-term bonds next week PARIS: France is to sell between 5.5 billion euros and 6.5 billion euros ($6.2-7.4 billion) of medium-term bonds at auction on May 19, debt management agency Agence France Tresor said on Friday.The Treasury said in a statement the offerings would be a 0.00 pct bond maturing February 2019 and a 0.00 pct May 2021 bond. France will also sell between 1.2 billion euros and 1.7 billion euros worth of inflation-linked bonds on the same day, ...