02072016Sun
Last update: Sun, 07 Feb 2016 08pm

Europe

Markets - Fixed Income - Europe

US bond yields inch lower before budget talks LONDON: US government bond yields edged down on Friday as investors preferred to hold safe haven assets before a last-chance round of negotiations to avoid a fiscal crisis next year.   President Barack Obama and lawmakers plan another round of talks before a New Year's deadline to prevent the economy from facing a "fiscal cliff" of tax hikes and spending cuts that economists fear could tip the United States back into recession.   Lawmakers were divided on the odds of success, with a few expressing hope, some talking as if they had abandoned it and a small but growing number suggesting Congress might try to stretch the deadline into the first two days of January.   "(The fiscal cliff) is the only game in town," one trader said. "They have a meeting today and nobody knows what's going to happen ... so you have to stay reasonably risk averse."   Ten-year T-note yields were last 1 basis point ...

Markets - Fixed Income - Europe

Italy rates edge up in 5, 10 year bond sale  ROME: Italian borrowing rates rose slightly in a five to ten-year debt auction on Friday, as the government raised close to 6.0 billion euros ($7.9 billion) in its last bond sale of 2012.   The Treasury raised 2.87 billion euros in five-year bonds, at a rate of 3.26 percent compared with 3.23 percent at the last comparable operation in November, and 3.0 billion euros in 10-year bonds at 4.48 percent, up from 4.45 percent, the Bank of ...

Markets - Fixed Income - Europe

Bunds little changed as all eyes on US budget  LONDON: Bund futures opened little changed on Thursday, with investors focusing on US lawmakers' last-ditch efforts to avoid large-scale fiscal tightening from automatically coming into force next year.   In a sign that there may be a way to break the deadlock in negotiations on the budget, Republican House of Representatives Speaker John Boehner offered to consider any bill the Democrat-controlled Senate produced.   President Barack Obama returns to Washington on Thursday and investors expect the talks to avoid ...

Markets - Fixed Income - Europe

US yields fall with fiscal deal looking distant  LONDON/TOKYO: US Treasuries rose on Friday after the top Republican in Congress could not muster the votes within his party to support a tax bill aimed at averting a $600 billion fiscal crunch before year-end.   Yields on 10-year Treasuries extended Thursday's falls after House of Representatives Speaker John Boehner acknowledged his bill lacked the votes to pass.    Boehner said late on Thursday after cancelling a vote on his so-called Plan B, it was up to President Barack ...

Markets - Fixed Income - Europe

Turkish bond yields inch up, lira eases  ISTANBUL: Turkish bond yields inched up in thin trade on Thursday, extending gains two days after a less aggressive than expected monetary easing by the central bank, while the lira fell against a globally stronger dollar.   By 0846 GMT, the lira weakened slightly to 1.7838 from 1.7816 late on Wednesday. Against its euro-dollar basket, the Turkish currency firmed to 2.0718, from 2.0724.   The yield on the two-year benchmark bond stood at 5.94 percent, a touch higher than ...

Markets - Fixed Income - Europe

Bunds firm as US fiscal talks face fresh obstacles  LONDON: Bunds firmed on Thursday as hiccups in US budget talks provided investors with an opportunity to take profit in riskier assets and buy back into cheapened safe-haven bonds.   Financial markets have for weeks been sensitive to any developments in talks aimed at averting US tax rises and spending cuts that would automatically be triggered early next year and, many fear, tip the world's top economy into a recession.   A deal had looked within reach as the ...

Markets - Fixed Income - Europe

Bunds firm as US fiscal talks sour  LONDON: German Bunds firmed on Thursday as hiccups in US budget talks provided investors with an opportunity to take profit in riskier assets and buy back into cheapened safe-haven bonds.   Financial markets have for weeks been sensitive to any developments in talks aimed at averting tax rises and spending cuts that would automatically be triggered early next year and, many fear, tip the US economy into a recession.   A deal had looked within reach as the two ...