04292016Fri
Last update: Fri, 29 Apr 2016 08pm

Europe

Markets - Fixed Income - Europe

Stronger yuan sends Bund yields higher, eases pressure on periphery LONDON: German Bund yields rose and the borrowing costs of the euro zone's most indebted countries dropped on Monday after China's central bank fixed the yuan stronger, easing some of the recent worries about devaluation. Stress indicators in bank-to-bank lending markets eased as market concerns subsided that Chinese currency weakness would spread growth-crippling deflation across the developed world.Spot yuan jumped more than 1 percent to 6.4900 per dollar, its firmest this year, after the People's Bank of China set its daily midpoint 0.3 percent stronger. The head of the bank was quoted as saying speculators should not be allowed to dominate market sentiment.German 10-year Bund yields rose 3 basis points to 0.29 percent as investors shifted to riskier assets such as stocks and higher-yielding debt."Safe-haven flows have unwound somewhat, but I don't think the worst is over," said RIA Capital Markets bond strategist Nick Stamenkovic."We had a very strong statement ...

Markets - Fixed Income - Europe

German bond yields sink as Fed seen cautious on rates LONDON: Europe's benchmark German bond yields tumbled to the lowest in over nine months on Thursday after US Federal Reserve Chair Janet Yellen flagged market turmoil and a slowdown in China which could limit further rate rises in the world's largest economy. Yellen told US lawmakers on Wednesday that the Fed was unlikely to reverse its plan to raise interest rates, having hiked for the first time in a decade in December, but financial conditions ...

Markets - Fixed Income - Europe

Italy sells top amount at bond auction, yields rise MILAN: Italy sold three and seven-year bonds on Thursday at slightly higher yields compared to a month ago as investors worried about slowing economic growth cut exposure to the debt of weaker issuers. Italy raised the top planned amount of 5.5 billion euros ($6.2 billion) over three bonds at the auction. The sale came as Italian shares tumbled led by banks and the yield premium of Italian 10-year bonds over safer German Bunds rose to ...

Markets - Fixed Income - Europe

Romania sells 500mn lei of Dec. 2022 T-Bonds BUCHAREST: Romania sold a planned 500 million lei ($126.28 million) of Dec. 2022 treasury bonds on Thursday, with the average accepted yield at 2.89 percent, central bank data showed.Debt managers last issued the paper in January, at an average yield of 3.06 percent.So far this year, Romania has sold roughly 7.64 billion lei of domestic debt. Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Yields fall further for Belgian 12-month treasuries BRUSSELS: Belgium raised 2.6 billion euros ($2.91 billion) of short-term debt at an auction of 12- and three-month bonds, with yields for the longer maturity falling further below zero, the country's debt agency said on Tuesday. One-year paper, which last auctioned for a yield of -0.374 percent in January, fell to -0.423 percent. Three-month treasury bills, the most regularly auctioned maturity, were sold for a yield of -0.374 percent, broadly unchanged from the -0.379 percent ...

Markets - Fixed Income - Europe

Irish yields dip back below 1pc after Fitch upgrade LONDON: Irish 10-year bond yields dipped on Monday as an upgrade to the country's credit rating by Fitch countered selling pressure ahead of what is expected to be a close-run election on Feb. 26. Fitch raised Ireland by one notch to A late on Friday.One opinion poll on Saturday showed Prime Minister Enda Kenny's conservative party had halted a recent slide in popularity but it fell sharply in another, maintaining the potential for an inconclusive ...

Markets - Fixed Income - Europe

Poland sells 7.5bn zlotys bonds at auction WARSAW: Poland sold a total of 7.5 billion zlotys ($1.90 billion) in zero-coupon bonds due October 2018 and fixed-rate bonds due July 2026, the finance ministry said in a statement on Thursday. This consisted of 3.64 billion zlotys in the zero-coupon bond and 3.86 billion in the bond due 2026. Details of the auction are available at the ministry's pages in the Reuters system. Copyright Reuters, 2016 ...