05042016Wed
Last update: Wed, 04 May 2016 09am

Europe

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 billion lei worth of domestic debt and has tapped 1.25 billion euros from foreign markets. Copyright Reuters, 2016 ...

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 ...

Markets - Fixed Income - Europe

Ratings and politics rattle Portuguese bonds as borrowing costs rise LONDON: Portuguese yields edged up on Wednesday and Lisbon saw its borrowing costs jump at auction as investors worried about more political uncertainty and a ratings slide that may force the country out of the ECB's quantitative easing scheme. Fitch shaved its rating outlook on Portugal from positive to stable, a move seen as raising the risk that DBRS -- which has the investment grade rating Lisbon needs to qualify for QE -- might downgrade ...

Markets - Fixed Income - Europe

Markets expect rate cuts and more QE from ECB, but no inflation LONDON: Financial markets expect the European Central Bank to cut its deposit rate by at least 10 basis points and expand its asset-buying programme this week, but they still do not expect it to hit its inflation target in the near future.Euro zone government bond yields and short-term interest rates fell on Tuesday after weak Chinese trade data revived concern over growth. Wariness before Thursday's ECB meeting prevented a test of last week's lows, though.Markets ...

Markets - Fixed Income - Europe

Croatia's T-bill auction falls short of target ZAGREB: Croatia's Treasury bill auction on Tuesday fell short of its billion-kuna target, with 779 million kuna ($113.34 million) sold at mixed yields, finance ministry data showed. Some 1.2 billion kuna worth of bills mature later this week. "The yields are rather low, while the market is now awaiting the new budget and the government's further borrowing plans which may bring more attractive yields through new bond issues," a dealer at a major local bank ...

Markets - Fixed Income - Europe

Slovenia T-bill auction beats target, yields stay negative LJUBLJANA: Slovenia's short-term borrowing costs fell further on Tuesday when it sold 68.5 million euros of treasury bills, above the initial target of 60 million euros, the Finance Ministry said. It sold 16 million euros of 6-month bills at a yield of minus 0.07 percent versus minus 0.05 percent at the previous auction in February. It sold 52.5 million euros of 12-month bills, also at a yield of minus 0.07 percent from minus 0.04 percent ...

Markets - Fixed Income - Europe

Portugal to offer up to 1.25bn euros in 5-, 10-year bonds LISBON: Portugal will offer between 1 billion euros and 1.25 billion euros of 5- and 10-years bonds in an auction next Wednesday, the IGCP state debt agency said on Friday. The agency said in a statement it would offer bonds due April 2021 and July 2026 at the regular auction on March 9. Copyright Reuters, 2016 ...