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Last update: Mon, 23 Jan 2017 09pm

Europe

Markets - Fixed Income - Europe

Spanish bond yields rise sharply ahead of confidence vote LONDON: Spanish government bond yields rose sharply on Wednesday, edging back above 1 percent ahead of a key vote in parliament that could either end an eight-month political deadlock of lead to another election. Spain's Socialists are expected to vote against the government of acting Prime Minister Mariano Rajoy in a confidence vote. Spain's 10-year bond yield rose 6 basis points to 1.01 percent, underperforming its euro zone peers which were 2-3 bps higher on the day. "The political risk premium in Spain is on the rise," said Nick Stamenkovic, a bond strategist at RIA Capital Markets. "A month ago the market was confident about an agreement being reached but the Socialists are not playing ball, so the risk is that Rajoy doesn't win the confidence vote today and the chance of another election rises." If Rajoy loses Wednesday's vote, a second vote will take place on Friday in which ...

Markets - Fixed Income - Europe

German Bund yield rises to two-month high on hawkish Fed LONDON: German 10-year bond yields rose on Monday to their highest level since Britain's vote to leave the European Union, as hawkish comments from U.S. Federal Reserve Chair Janet Yellen was seen leaving the door open for a rate hike as early as next month.Speaking at the annual gathering of central bankers in Jackson Hole, Wyoming on Friday, Yellen said the case for a U.S. interest rate rise has strengthened in recent months because of ...

Markets - Fixed Income - Europe

UK gilts jump nearly 40 ticks after weaker BoE gilt buyback LONDON: British government bond prices jumped on Tuesday after the Bank of England received fewer offers for its purchase of long-dated gilts than last week under its latest plan to give the country's economy a boost. The BoE said it received an offer-to-cover ratio of 1.54 as it bought 1.17 billion pounds of gilts with maturities of 15-years and longer, down from 2.67 at its previous buyback for similar gilts last week. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

German yields fall after Bank of England bond-buying sees weaker demand LONDON: German 10-year bond yields fell to a one-week low on Tuesday after the Bank of England saw weak demand when it attempted to buy long-dated bonds under its relaunched quantitative easing scheme.The fall tracked moves in British bonds as the reverse auction hinted at an unwillingness for investors to sell debt that could prove problematic for the central bank's stimulus programme.German 10-year yields reversed an earlier rise and were down 2 basis points on ...

Markets - Fixed Income - Europe

Greece rolls over 3-month T-bills, yield steady ATHENS: Greece sold 1.138 billion euros ($1.27 billion) of three-month treasury 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 262.5 million euros in non-competitive bids.In a rollover T-bill, holders renew their positions instead of getting paid on the maturing paper they hold.The sale's bid-to-cover ratio ...

Markets - Fixed Income - Europe

Euro zone bond yields fall after Britain restarts monetary easing LONDON: Euro zone bond yields fell sharply on Thursday, hauled down by a dive in British yields to record lows after the Bank of England cut interest rates and restarted its bond purchase programme to ease the economic blow from June's vote for Brexit. German 10-year yields, the euro zone benchmark, already lower on the day after hints the European Central Bank would also soon adjust its stimulus programme, fell 6 basis points to minus ...

Markets - Fixed Income - Europe

Euro zone bond yields rise with Japan seen changing easing tack LONDON: Euro zone bond yields rose sharply on Tuesday, mirroring a rise in Japanese yields as investors fretted about an apparent shift in Tokyo from monetary easing towards fiscal stimulus. Prime Minister Shinzo Abe's cabinet approved 13.5 trillion yen ($132 billion) in fiscal measures to boost the world's largest economy, triggering the deepest sell-off in more than three years in Japanese government bonds. Momentum from that move, prompted by concerns the Bank of Japan may ...