06272016Mon
Last update: Mon, 27 Jun 2016 04pm

Europe

Markets - Fixed Income - Europe

Surprise Italian bond sale drives up peripheral yields LONDON: Low-rated euro zone bond yields rose on Tuesday as investors made room in their portfolios for an unexpected Italian bond sale, while growing chances of an election re-run in Madrid added to the long list of upcoming political risks.Italy issued a 6.5 billion-euro 20-year bond, pricing the new 2.25 percent, September 2036 benchmark at 39 basis points over the 1.65 percent March 2032 BTP, according to Thomson Reuters' IFR.Over 17 billion euros' worth of orders were placed for the new bond, IFR reported, adding to planned euro zone government debt issuance of around 17 billion euros this week.Yields tend to rise during bond sales as investors sell their existing stock of debt to make room for new issues, which tend to be sold at a slight premium."The Italian auction has put some pressure on the Spanish curve going into auctions in Spain on Thursday," said Patrick Jacq, Europe rate ...

Markets - Fixed Income - Europe

Tumbling oil prices send Bund yields lower LONDON: German Bund yields dipped on Monday as oil prices plunged following a meeting by major exporters in Qatar that collapsed without an agreement to freeze output. But the drop in yields was limited by the fact that markets do not expect any new easing signals from the European Central Bank at its meeting this week, having unveiled a comprehensive package in March aimed at creating inflation.Brent crude futures were 5 percent lower at $40.9 ...

Markets - Fixed Income - Europe

Euro zone bond yields bounce back as inflation revised up LONDON: Euro zone government bond yields rose on Thursday after a previous estimate that the bloc's consumer prices fell last month was revised upwards to show inflation was zero.Ireland smoothly sold 750 million euros of 10-year bonds, wrapping up a busier than expected week in terms of debt issuance, in which the Netherlands, France, Germany and Italy sold ultra-long bonds.Eurostat said that the annual rate of inflation was 0.0 percent in March, compared with a ...

Markets - Fixed Income - Europe

Short-dated Greek yields near six-week high after IMF warnings LONDON: Greek two-year yields marched towards a six-week high on Wednesday after the IMF painted a grave outlook for its economy and renewed calls for its reluctant EU partners to grant substantial debt relief. The warnings detailed in a draft IMF memorandum seen by Reuters come just as Athens and its creditors adjourned talks on its latest bailout review which have dragged on for months.These delays have reignited concerns Athens may not have the cash ...

Markets - Fixed Income - Europe

Bund yields ride redemption flows back to one-year low LONDON: German 10-year yields hit their lowest level in a year on Monday with analysts pointing to a wave of bond redemption and coupon payments pinning borrowing costs near record lows. At 55 billion euros, the amount of cash flowing back to investors this week is five times that of the debt scheduled to be sold via new bonds, bolstering demand in secondary markets that is already supported by the European Central Bank's recently upsized ...

Markets - Fixed Income - Europe

Gazprom sees 2015 dividend flat yr/yr MOSCOW: Russian gas giant Gazprom will pay a dividend of 7.2 roubles per share for last year, keeping them at the same level as in 2014, TASS news agency quoted Gazprom's chairman Viktor Zubkov as saying on Saturday. Gazprom said last week that its net profit under Russian Accounting Standards (RAS) more than doubled in 2015 to 403.5 billion roubles ($6 billion), from 189 billion roubles in 2014.Gazprom plans to stick to its production forecast ...

Markets - Fixed Income - Europe

Greece to auction 625mn euros of 3-month T-bills on April 13 ATHENS: Greece will sell 625 million euros ($710.6 million) of three-month Treasury bills on April 13 to refinance a maturing issue, debt agency PDMA said on Friday. Athens successfully rolled over 1.3 billion euros of three-month T-bills last month, with the paper priced to yield 2.70 percent. In a rollover, T-bill holders renew their positions instead of getting paid on the maturing paper they hold. The settlement date of the new bills will be April ...