Wednesday, 27 February 2013 14:59
Posted by Shoaib-ur-Rehman Siddiqui
LONDON: Bund futures added to this week's hefty gains on Wednesday before an Italian debt auction that will give an indication of how worried investors are about the country's inconclusive elections.US Federal Reserve Chairman Ben Bernanke's defence of the central bank's stimulus programme has released some of the steam behind the Bund's recent rally, with European shares seen opening slightly higher.With no party or potential coalition having won a majority after the vote In Italy, ...
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LONDON: Spain's 5.03 billion euro bond auction on Thursday showed lower borrowing costs and plenty of willing buyers, despite renewed concerns about peripheral euro zone debt following Italy's inconclusive elections.The Treasury sold 2.435 billion euros of 2023 bonds at a yield of 4.917 percent, down from 5.2 percent in February with a bid/cover ratio of 2.3, above the 1.6 seen last time round.Yields were 3.572 percent and 2.632 percent respectively on the 2018 and 2015 bonds on offer, also lower than at the previous auction. The bid cover on the 2018 bond was 2.3, slightly below the average this year of 2.4, while the 2015 bid cover was 4.9, up from 2 at the previous sale in January.Copyright Reuters, 2013 ...
LONDON: Bund futures added to this week's hefty gains on Wednesday before an Italian debt auction that will give an indication of how worried investors are about the country's inconclusive elections.US Federal Reserve Chairman Ben Bernanke's defence of the central bank's stimulus programme has released some of the steam behind the Bund's recent rally, with European shares seen opening slightly higher.With no party or potential coalition having won a majority after the vote In Italy, ...
LONDON: British government bonds rose on Wednesday after a senior policymaker at the Bank of England said the central bank may need to buy more gilts over a longer period than before to help Britain's economy.The March gilt future was 23 ticks higher, touching a fresh one-month high and topping Tuesday's peak when investors bought British government debt as a safe haven in response to Italy's inconclusive election outcome.The equivalent Bund future was 4 ticks ...
LONDON: Italian default insurance costs rose on Tuesday, pushing up equivalent costs across the currency bloc, after an indecisive election fuelled fears of political instability in the bloc's third largest economy.Five-year credit default swaps (CDS) on Italian government debt rose 45 basis points to 290 bps, according to data monitor Markit. This means it costs $290,000 annually to buy $10 million of protection against an Italian default using a five-year CDS contract.Equivalent insurance costs for ...
NEW YORK: US 30-year Treasury bonds traded a point higher in price and yields dipped to one-month lows on Monday in safe-haven buying as Italian exit polls reflected uncertainty over whether the country would be able to form a stable government.
Thirty-year Treasury bonds were trading a point higher in price to yield 3.10 percent, marking the lowest since Jan. 25 and down from 3.15 percent late Friday.
Benchmark 10-year notes were trading 18/32 higher in price ...
LONDON: The cost of insuring against an Italian default fell on Monday as investors bet that ongoing elections in the country would not derail its reform agenda.Five-year credit default swaps (CDS) on Italian government debt fell 5 basis points to 245 basis points, according to data monitor Markit. This means it costs $245,000 annually to buy $10 million of protection against an Italian default using a five-year CDS contract.Italian stocks and bonds gained in early ...
