06262016Sun
Last update: Sun, 26 Jun 2016 07am

Europe

Markets - Fixed Income - Europe

German yields' drop towards zero halted by rising oil prices LONDON: A push towards zero by 10-year Bund yields halted on Wednesday as oil futures recovered and market participants hesitated to test the record lows reached before a sell-off last May.Yields rose across the euro zone, although Portuguse debt underperformed as investors made room in their books for 2022 and 2045 bonds that Lisbon is selling via syndication. Oil futures recovered from one-month lows as Kuwait's OPEC governor and two sources said all signs suggested a meeting of oil-producing countries on April 17 would deliver an agreement to freeze output. Euro zone bonds have been closely following the oil market because of its impact on inflation expectations, which are well below the European Central Bank's target. The ECB has ramped up its asset purchases to 80 billion euros a month from 60 billion. Most of the assets are government bonds, which has shrunk borrowing costs across the euro zone. German ...

Markets - Fixed Income - Europe

German factory slump sends Bund yield near one-year low LONDON: German 10-year Bund yields fell below 0.10 percent for the first time in almost a year on Tuesday as the biggest fall in the country's factory orders in six months suggested a global slowdown was leaving its mark.The unexpectedly poor data, accompanied by a downward revision to euro zone business growth, keeps the onus on central bank easing at a time when yields are also being pushed lower by the European Central Bank's ramped-up ...

Markets - Fixed Income - Europe

Ramped-up ECB QE brings German 10-year yields closer to zero LONDON: German 10-year Bund yields fell closer to zero on Monday as ramped-up bond purchases by the European Central Bank offset investor appetite for riskier assets following solid U.S. data.The ECB expanded its quantitative easing programme by a third to 80 billion euros from April. Much of the additional buying is expected to be targeted at government bonds in the short term as plans to include corporate bonds in the scheme take effect later this ...

Markets - Fixed Income - Europe

German bond yields set for biggest quarterly fall in 4-1/2 years LONDON: Europe's benchmark German government bond yields were set on Thursday for their biggest quarterly fall in 4-1/2 years, with fresh rounds of central bank monetary easing and concerns about the global economy driving demand for the top-rated debt.With scant signs of any uptick in growth or inflation reversing the trend any time soon, many analysts expect German bonds to keep performing, hastened by the ECB buying up a large share of euro zone government ...

Markets - Fixed Income - Europe

Germany cuts public debt to 2.15 trillion euros in 2015 FRANKFURT: Germany, Europe's biggest economy, shaved 24 billion euros ($27 billion) off its overall public debt burden to 2.153 trillion euros in 2015, the country's central bank, or Bundesbank, said on Thursday.Measured against the gross domestic product (GDP), that meant Germany's total public debt ratio fell to 71.2 percent last year from 74.7 percent in 2014, the Bundesbank calculated.Under EU rules, a member state's overall debt must not exceed 60 percent of GDP.Nevertheless, the EU ...

Markets - Fixed Income - Europe

German bond yields set for biggest quarterly fall in 4-1/2 years LONDON: Europe's benchmark German government bond yields are set to record their biggest quarterly fall in 4-1/2 years on Thursday, with fresh rounds of central bank monetary easing and concerns about the global economy driving demand for the top-rated debt.With scant signs of any uptick in growth or inflation reversing the trend any time soon, many analysts expect German bonds to keep performing, hastened by the ECB buying up a large share of euro zone ...

Markets - Fixed Income - Europe

Bund yields grind lower as Fed's Yellen takes ‘cautious’ stance LONDON: German 10-year Bund yields slipped closer to their record lows on Wednesday after Federal Reserve Chair Janet Yellen said the U.S. central bank should proceed "cautiously" in raising interest rates.Her comments contrasted with those of some top Fed officials who in recent days said the U.S. economy was strong enough to warrant further rate hikes despite uncertainty about Chinese growth and turmoil in the oil market.Yellen's stance adds to pressure on the European Central ...