Europe
Monday, 13 May 2013 15:01
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LONDON: Italian yields edged up before a bond sale on Monday, while Bund futures recovered from six-week lows after a European Central Bank policymaker reiterated a deposit rate cut was possible.Italy will offer up to 8 billion euros of fixed-rate bonds and debt linked to 6-month Euribor (CCTEUs) at its regular mid-month auction. Traders said investors sold Italian bonds early in the session to make room for the new supply.Appetite for Italian and other high-yielding euro zone debt has been strong this year as ultra-easy central bank policies have depressed benchmark yields and pushed investors towards riskier assets in search for higher returns."I believe the auction will go well," said Mathias van der Jeugt, rate strategist at KBC in Brussels."The amount on offer is relatively low and can be easily digested. We've seen some marginal cheapening over the past few days ... and investors' hunger for yield isn't over yet."Italian ...
LONDON: German Bunds fell to their lowest in over a month on Friday, in line with a selloff in US and Japanese bonds triggered by the dollar's sharp rise against the yen.Traders said the dollar's rise to a 4-1/2 high of 101.66 yen had prompted selling of Treasuries and Japanese bonds by investors who needed to hedge some structured deals, and Bunds were caught in their downdraft.Demand for safe-haven bonds has been undermined this week ...
ZURICH: The Swiss franc strengthened against the dollar on Tuesday, diverging from the euro, which weakened again against the greenback after Monday's dovish comments from the European Central Bank chief.ECB President Mario Draghi reiterated the central bank's readiness to cut interest rates - including the zero deposit rate - further if the euro zone economy deteriorates, sending the euro to session lows against the dollar."The prospects of negative deposit rates in particular will continue to ...
LONDON: German Bunds held steady on Tuesday, with expectations the European Central Bank may ease policy offsetting selling pressure from a pick-up in the US labour market.ECB President Mario Draghi departed from a prepared speech on Monday to reiterate that the central bank was ready to do more, after cutting interest rates last week, to support the ailing euro zone economy.Bets policy would be eased further helped stabilise Bund futures that tumbled by about a ...
MADRID: Spain said on Monday it aims to issue between 3.5 billion and 4.5 billion euros ($4.59 billion-$5.90 billion) in bonds on Thursday.The Treasury will auction bonds due July 30, 2016, Jan. 31, 2018 and July 30, 2026 on Thursday.Copyright Reuters, 2013 ...
ISTANBUL: Turkish benchmark bond yields hit fresh record lows on Monday as investors prepared for a central bank news conference on Tuesday when the bank could signal it is ready to ease monetary policy further.The central bank is due to release its quarterly Inflation Report on Tuesday and the market expects it will keep its year-end inflation forecast at 5.3 percent but maintain its bias towards a rate cut."We expect the central bank to signal ...
LONDON: Italian government bond yields fell on Monday and were expected to ease further as new Prime Minister Enrico Letta prepared to set out his administration's programme, ending two months of political deadlock.Prices for low-risk German Bunds fell slightly, but losses were limited by expectations the European Central Bank will cut interest rates to new record lows on Thursday.In Italy, Letta, of the centre-left, was expected to win parliament's backing in a confidence vote at ...
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