Europe
Friday, 15 March 2013 14:48
248
LONDON: Bunds were steady on Friday in a cautious market as Italy's parliament convenes for the first time since last month's inconclusive election, with parties still deadlocked over how to form a government.The Feb. 24-25 vote produced a hung parliament, with the centre-left winning control over the lower house but not of the Senate. Analysts say the leadership vacuum could derail Italy's efforts to return to growth and keep its 2 trillion euro debt pile under control.Italian bonds have so far been largely able to weather the heightened uncertainty as investors, encouraged by the perceived safety net offered by the European Central Bank's untested bond-buying programme, have continued to chase the relatively high yields on offer.But the political wrangling expected in coming days could unsettle some of those investors and Italian bonds could face increased volatility in the near term. Safe-haven German Bunds may then get a boost."We're waiting for ...
LONDON: Italian bond yields edged up in a cautious market on Friday as the country's parliament convenes for the first time since last month's election, with parties still deadlocked over forming a government.The Feb. 24-25 vote produced a hung parliament, with the centre-left winning control over the lower house but not of the Senate. Analysts say the leadership vacuum could derail Italy's efforts to return to growth and keep its 2 trillion euro debt pile ...
LONDON: Britain's leading share index retreated from five-year highs on Wednesday as investors took profit at a key resistance level and a weak auction of Italian bonds revived worries about the euro zone debt crisis.The FTSE 100 was down 67.91 points or 1 percent at 6,442.51 points by 1204 GMT, after failing to break above its January 2008 high at around 6,534 the previous day.That suggested buying momentum was starting to falter and some investors ...
ISTANBUL: Turkish bond yields inched lower on Wednesday after comments from the central bank governor suggested it would continue to keep interest rates low and try to support growth.Erdem Basci said at a conference in Istanbul that weak economic growth and a low interest rate environment globally meant the right policy for Turkey was also to keep rates low.The bank has been easing its policy since mid-2012.The yield on the two-year benchmark bond stood at ...
LONDON: Bund futures were stable on Wednesday before a sale of up to 7.25 billion euros of Italian debt, the first auction since political deadlock in the euro zone's third biggest economy prompted a cut in its credit rating last week.Debt costs are expected to rise after Fitch cut its rating following an inconclusive election result that risks deepening recession in a country now at the heart of Europe's debt crisis.But demand for high-yielding assets ...
MILAN: Italy carmaker Fiat on Tuesday said it planned to issue a benchmark bond denominated in euros.Sources close to the operation said the bond would have a five-year maturity, with a yield indicated in the area of 605 basis points over midswap. Copyright Reuters, 2013 ...
More Articles...
| |||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
