07272016Wed
Last update: Wed, 27 Jul 2016 12pm

Europe

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 whether it had met the terms of a multi-billion euro bailout. Signing off on the reform review will unlock more than 5 billion euros ($5.7 billion) to ease Greece's squeezed finances and meet debt repayments due in June and July. Greece also hopes the sign-off will launch discussions on debt relief. "The vote in parliament is constructive and positive for the Eurogroup (ministers) talks and that should help the decision to give Greece additional support," ...

Markets - Fixed Income - Europe

Portugal to offer up to 1bn euros of 10-year bonds on Wednesday LISBON: Portugal will offer between 750 million and 1 billion euros in 10-year government bonds in an auction on May 11, the IGCP debt agency said on Friday. The 2.875 percent coupon bond matures in July 2026. A week ago, ratings agency DBRS maintained Portugal's only investment-grade mark, helping push its bond yields lower earlier this week. Moody's, which rates the country one notch into "junk" territory with stable outlook is set to publish its ...

Markets - Fixed Income - Europe

Italy sells 1.91bn euros of 2034 BTP bond in exchange auction MILAN: Italy sold 1.91 billion euros ($2.2 billion) of an Aug. 1, 2034 BTP bond at an exchange auction on Friday, the Treasury said in a statement published on its website. The Treasury swapped the long-term bond with five bonds maturing in 2017 and in 2018 which it repurchased for a total of 2.56 billion euros.Copyright Reuters, 2016 ...

Markets - Fixed Income - Europe

Romania sells planned 1.0bn lei of one-year T-Bills BUCHAREST: Romania sold 960.7 million lei ($244.17 million) worth of one-year treasury bills on Thursday, slightly less than planned, with the average accepted yield at 0.7 percent, central bank data showed.Debt managers, who had planned to sell 1 billion lei on Thursday, last tendered the issue in April at an average yield of 0.66 percent.So far this year, the ministry has sold roughly 18.8 billion lei and 775 million euros worth of domestic debt, and ...

Markets - Fixed Income - Europe

German bond yields edge down from six-week highs LONDON: German bond yields edged down in holiday-thinned trading on Monday, regaining some of the ground lost last week on the anniversary of one of the biggest Bund routs in history. Retreating oil prices and unconvincing economic data from the euro zone and the world's second largest economy China supported demand for the European benchmark.But holidays in Europe's financial capital London and across Asia kept trading volumes low. Less than 300,000 Bund future contracts traded ...

Markets - Fixed Income - Europe

German yields come down from six-week highs, sell-off fears ease LONDON: German bond yields fell in holiday-thinned trading on Monday, regaining some of the ground lost last week on the anniversary of one of the biggest Bund routs in history.Retreating oil prices and unconvincing economic data from the euro zone and the world's second largest economy China supported demand for the European benchmark.But holidays in Europe's financial capital London and across Asia kept trading volumes low. Less than 100,000 Bund future contracts traded by 1030 ...

Markets - Fixed Income - Europe

Romania aims to sell domestic debt worth 3.3bn lei in May BUCHAREST: Romania aims to sell 3.3 billion lei ($838.39 million) worth of leu currency bills and bonds in May and an additional 345 million lei in non-competitive offers, the finance ministry said on Thursday. Debt managers issued debt worth 3.86 billion lei in April. In May, they have scheduled one tender worth 1 billion lei for one-year treasury bills, and six bond auctions with outstanding maturities ranging between one and seven years. So far this ...