05302016Mon
Last update: Mon, 30 May 2016 01pm

Europe

Markets - Fixed Income - Europe

Safe haven German bond yields drop after Brussels explosions LONDON: Top-rated German bond yields fell near a two-week low on Tuesday as explosions in Brussels spurred demand for safe haven assets amid fears the incident could be the latest in a number of militant attacks in Europe. The European benchmark yield, which moves inversely to prices, fell 4 basis points to 0.18 percent, its lowest since March 10. The fall led a broad rally across most of the region's debt markets after reports of explosions at Brussels airport and a metro station.Elsewhere, riskier European stocks shed about 1 percent while the Japanese yen and gold -- also seen as a refuge for investors in times of stress -- rose."The tragic events in Brussels have led to a flight-to-quality, which we are seeing in the bond markets," said Nick Stamenkovic, a bond strategist at RIA Capital Markets.Hawkish comments from several Federal Reserve policymakers on Monday had been exerting upward pressure ...

Markets - Fixed Income - Europe

Euro zone yields fall, Catalonia downgrade puts Spain in focus LONDON: Euro zone bond yields fell on Monday, with Spanish bonds underperforming most of their peers after the wealthy region of Catalonia saw its ratings downgraded further into junk territory.Standard & Poor's cut Catalonia's credit rating one notch to B+ on Friday, after a previous downgrade in October. The rating agency cited weakening financial management and maintained a negative outlook on the region where a drive towards independence from Spain has grown.S&P's move reflects persistent ...

Markets - Fixed Income - Europe

France sells extra 1.8bn euros of bonds after auction PARIS: France sold an extra 1.4 billion euros ($1.58 billion) of fixed-rate, medium-term bonds and 443 million euros of inflation linked bonds after a regular auction, the Agence France Tresor public debt management agency said on Friday. The non-competitive bids means that it sold a total of 8.42 billion of the fixed-rate bonds at the auction and 2.290 billion euros of linkers, AFT said. Under the French system, buyers not only submit competitive bids at ...

Markets - Fixed Income - Europe

Brewer AB InBev makes record euro debt issue: source PARIS: The world's leading brewer, Anheuser-Busch InBev, raised 13.25 billion euros ($14.7 billion) on the markets Wednesday, a record amount in euros, a source told AFP.The debt issue by the Belgium-based brewer comes only days after the European Central Bank said it would begin buying corporate bonds as part of its asset purchase programme.The source said the ECB announcement "aided" the success of the bond issue by the company, even "if it wasn't the only ...

Markets - Fixed Income - Europe

Euro zone bonds yields resume fall as Fed decision looms LONDON: Euro zone bond yields dipped on Wednesday, although investors remained reluctant to wade into the market in full force before a U.S. Federal Reserve meeting that could signal further interest rate hikes this year.Peripheral bond yields, underpinned by last week's monetary stimulus from the European Central Bank, led the way with falls of 2-4 basis points. German bonds joined the downward move once a sale of 10-year bonds was out of the way.Germany, Europe's ...

Markets - Fixed Income - Europe

Euro zone bond rally stalls ahead of Fed meeting LONDON: The post-ECB rally in euro zone government bonds came to a halt on Tuesday as investors became wary that the US Federal Reserve could signal this week that it expects to hike interest rates further in coming months. The Bank of Japan's removal from its statement of language that it would cut rates further into negative territory if needed also reminded markets of policymakers' reluctance to experiment further with this instrument. European Central Bank ...

Markets - Fixed Income - Europe

Italian treasury stake in Monte dei Paschi could rise to 7pc ROME: The Italian treasury's stake in Monte dei Paschi di Siena could rise to around 7 percent because of an outstanding debt, which would make the state the troubled Italian bank's biggest shareholder, two sources close to the matter told Reuters on Tuesday.The bank's share price lurched down after the Reuters report, with one trader saying an increase in the government's stake was "not a good sign". One analyst also said it could further complicate ...