09262016Mon
Last update: Mon, 26 Sep 2016 01pm

Europe

Markets - Fixed Income - Europe

German bond yields rise as oil strikes seven-month peak LONDON: German bond yields edged up as oil struck a seven-month high on Tuesday, giving a boost to inflation that analysts expect to see evidenced in data from the world's largest economy, the United States, later in the day. Crude prices have rallied for most of the past two weeks with markets focused on supply disruptions that on Monday prompted long-time oil bear Goldman Sachs to issue a bullish assessment on near-term prices.This recovery was seen lifting stock markets and global bond yields, with Europe's benchmark Bund yields up 2 basis points at 0.16 percent, pulling away from 2016 lows of 0.075 percent.Most other highly-rated euro zone bond yields were slightly up on the day.Analysts said further yield rises may be in the offing if, as expected, the US posts headline annual inflation rates back above 1 percent again and core rates above 2 pct."The renewed surge in crude-oil quotations ...

Markets - Fixed Income - Europe

Irish 10-year yield drops below 0.80 percent after ratings lift LONDON: Ireland's long-term government borrowing costs fell below 0.80 percent for the first time in nearly five weeks on Monday after Moody's upgraded the country's credit rating. The lift by one notch to A3 from Baa1 means Ireland has won back an A category rating from all the major agencies, a move that some analysts said could broaden the international buyer base for Dublin's debt. Ireland's 10-year bond yield, having shed 8 basis points on ...

Markets - Fixed Income - Europe

France to sell 5.5-6.5bn eur of medium-term bonds next week PARIS: France is to sell between 5.5 billion euros and 6.5 billion euros ($6.2-7.4 billion) of medium-term bonds at auction on May 19, debt management agency Agence France Tresor said on Friday.The Treasury said in a statement the offerings would be a 0.00 pct bond maturing February 2019 and a 0.00 pct May 2021 bond. France will also sell between 1.2 billion euros and 1.7 billion euros worth of inflation-linked bonds on the same day, ...

Markets - Fixed Income - Europe

Spain 50-year success shows low yields are here to stay LONDON: The success of Spain's 50-year bond is the latest indication of how desperate investors are for any sort of yield and the growing belief that favourable monetary policy and low rates are here to stay. The Iberian country this week printed a 3bn 3.45pculy 2066 bond, following France and Belgium who have both priced 50-year bonds in recent weeks, both also for 3bn. While the popularity of the two core European countries at the ...

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 ...