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Last update: Wed, 31 Aug 2016 05am

Europe

Markets - Fixed Income - Europe

Norway's April new home sales rose 17pc, housing starts up 21pc OSLO: The sale of new Norwegian homes rose by 17 percent year-on-year in April, while housing starts rose by 21 percent, the Norwegian Home Builders' Association said on Friday. In March, home sales fell by 14 percent from the same month of 2015, while housing starts fell by 16 percent.Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Bund yields edge to another one-month low, 2016 trough in sight LONDON: German Bund yields forged a new one-month low on Thursday with demand for safe haven debt propped up by global growth worries, stock market woes and a rebounding single currency. The European benchmark 10-year yield has been edging steadily lower over the past fortnight, homing in on a 2016 trough of 0.075 percent struck on April 11 and a record low of 0.05 percent set last year. Global shares fell broadly on Thursday, with ...

Markets - Fixed Income - Europe

Spain sees strong demand in 50-year bond offer MADRID: Spain said Wednesday the launch of its first 50-year bond in two years drew strong investor demand, as it became the latest eurozone country to jump on the long-bond bandwagon.The Spanish Public Treasury sold 3.0 billion euros ($3.4 billion) of the bond maturing in 2066 via a syndication which drew orders worth 10.4 billion euros, the economy ministry said in a statement."The high demand allowed the Treasury to assign the emission to very high ...

Markets - Fixed Income - Europe

Spain, Italy's long-dated yields hit multi-month highs on 50-year bond plans LONDON: Long-dated Spanish and Italian bond yields climbed to multi-month highs on Wednesday, as Spain started the sale of a 50-year bond and investors anticipated Italy may soon do the same. Madrid is set to price a new bond expiring in 2066 later in the day, while Rome has also been sounding out investor demand for such a bond even though its Treasury said on Tuesday that it had no firm plans.France and Belgium have ...

Markets - Fixed Income - Europe

Spain plans 50-year syndicated euro benchmark bond LONDON: The Kingdom of Spain is planning the issuance of a 50-year syndicated euro benchmark bond, according to a lead.The sovereign has mandated Barclays, BNP Paribas, CaixaBank, Citigroup, Santander and Societe Generale to manage the transaction. The deal will be launched in the near future subject to market conditions. It will mature on 30 July 2066. Spain is rated Baa2/BBB+/BBB+/AL. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Italy seeking to raise at least 2bn euros in 50 year bond sale MILAN: Italy's Treasury wants to raise at least 2 billion euros ($2.3 billion) in a 50-year government bond sale which it may issue through a bank syndicate in the next few weeks, two market sources said on Tuesday.The Treasury has been sounding out banks to gauge market demand for a 50-year issue from a sovereign with the euro zone's second-highest public debt level as a proportion of GDP. It would be the first time Italy ...

Markets - Fixed Income - Europe

Greek bonds shine after parliament passes unpopular reforms LONDON: Borrowing costs in Greece fell sharply on Monday, with 10-year government bond yields hitting four-month lows after lawmakers in Athens passed unpopular pension and tax reforms that could encourage the country's creditors to unlock bailout cash. Two-year Greek bond yields tumbled 80 basis points, while five-year yields slid 30 bps, outperforming other euro zone bond markets. The approval came hours before euro zone finance ministers were due to discuss Greece's progress on reforms and ...