05022016Mon
Last update: Mon, 02 May 2016 12am

Europe

Markets - Fixed Income - Europe

Euro zone yields rise as oil price hits five-month high LONDON: Euro zone bond yields rose on Thursday as oil prices jumped to a five-month high, supporting the outlook for inflation, and as investors turned to riskier assets such as stocks. The European Central Bank is widely expected to refrain from further economic stimulus at its policy meeting on Thursday, providing little additional support for bond yields.German 10-year yields -- the bloc's benchmark -- rose 3 basis points to 0.18 percent, pulling away from 0.05 percent record lows. European stocks edged up taking their cue from Asian shares which earlier reached 5-1/2-month highs and Wall Street which is just shy of record highs.A recovery in oil prices has helped shore up concerns about a slowdown in the global economy and the outlook for inflation, sparking a rally in world equity markets.Crude prices rose to a five-month high on Thursday as the International Energy Agency (IEA) said that 2016 would see ...

Markets - Fixed Income - Europe

Bund yields fall with long-term inflation measure back below 1.40pc LONDON: German bond yields fell on Wednesday, hauled down by a drop in long-term inflation expectations and relief that a sale of 10-year debt went smoothly.Significant market moves were capped a day before a European Central Bank meeting, even though investors do not expect any new hints of easing following last month's stimulus measures.Germany sold about 3.2 billion euros of bonds in a top-up of its 0.50 percent 10-year Bund at an average yield of ...

Markets - Fixed Income - Europe

Surprise Italian bond sale drives up peripheral yields LONDON: Low-rated euro zone bond yields rose on Tuesday as investors made room in their portfolios for an unexpected Italian bond sale, while growing chances of an election re-run in Madrid added to the long list of upcoming political risks.Italy issued a 6.5 billion-euro 20-year bond, pricing the new 2.25 percent, September 2036 benchmark at 39 basis points over the 1.65 percent March 2032 BTP, according to Thomson Reuters' IFR.Over 17 billion euros' worth of ...

Markets - Fixed Income - Europe

Tumbling oil prices send Bund yields lower LONDON: German Bund yields dipped on Monday as oil prices plunged following a meeting by major exporters in Qatar that collapsed without an agreement to freeze output. But the drop in yields was limited by the fact that markets do not expect any new easing signals from the European Central Bank at its meeting this week, having unveiled a comprehensive package in March aimed at creating inflation.Brent crude futures were 5 percent lower at $40.9 ...

Markets - Fixed Income - Europe

Euro zone bond yields bounce back as inflation revised up LONDON: Euro zone government bond yields rose on Thursday after a previous estimate that the bloc's consumer prices fell last month was revised upwards to show inflation was zero.Ireland smoothly sold 750 million euros of 10-year bonds, wrapping up a busier than expected week in terms of debt issuance, in which the Netherlands, France, Germany and Italy sold ultra-long bonds.Eurostat said that the annual rate of inflation was 0.0 percent in March, compared with a ...

Markets - Fixed Income - Europe

Short-dated Greek yields near six-week high after IMF warnings LONDON: Greek two-year yields marched towards a six-week high on Wednesday after the IMF painted a grave outlook for its economy and renewed calls for its reluctant EU partners to grant substantial debt relief. The warnings detailed in a draft IMF memorandum seen by Reuters come just as Athens and its creditors adjourned talks on its latest bailout review which have dragged on for months.These delays have reignited concerns Athens may not have the cash ...

Markets - Fixed Income - Europe

Bund yields ride redemption flows back to one-year low LONDON: German 10-year yields hit their lowest level in a year on Monday with analysts pointing to a wave of bond redemption and coupon payments pinning borrowing costs near record lows. At 55 billion euros, the amount of cash flowing back to investors this week is five times that of the debt scheduled to be sold via new bonds, bolstering demand in secondary markets that is already supported by the European Central Bank's recently upsized ...