All
 

 

Just in:  

You are here: Home»Markets»Fixed Income»Europe

Europe

Archive

Spanish yields hold near highs; debt sales key  LONDON: Spanish government bond yields held near euro-era highs on Tuesday as the country faced a tricky test at a short-term debt sale with funding costs at levels seen as unsustainable and many analysts saying a sovereign bailout is inevitable. Safe-haven German bonds held steady after rallying on Monday when relief over Greek election results gave way to concerns over Spain's deteriorating economic and fiscal health. Spanish 10-year yields shot above 7 percent on Monday to their highest levels in euro-era history on concerns that the country's banking bailout would need to become a sovereign bailout sooner rather than later. They were last flat on the day at 7.19 percent, after rising nearly 30 basis points on Monday. "Spain can carry on for a short period of time, maybe 2 or 3 months as they can issue at the short end of the curve where funding costs are still more in line with historic ...

Bunds pause after rally; focus on Spain  LONDON: German government bonds were steady at Tuesday's open, pausing after rallying the previous day as relief over Greece's election results quickly gave way to mounting concerns that Spain may need a full bailout. Greece's conservatives said they were poised to form a coalition government with the Socialists, easing fears that the country would leave the euro. Key now will be whether the country seeks to renegotiate its bailout deal. Spanish bonds are expected to remain under ...
Spanish bond rates switch to record above 7 percent  PARIS: The rate which Spain must pay to borrow for 10 years switched direction and rose to a record above 7.0 percent in morning trading on Monday after dipping in response to the Greek election. The sudden rise was a signal that immediate dangers of debt contagion within the eurozone remain despite the Greek vote in favour of rescue terms. The Spanish yield rose to 7.061 percent from 6.838 percent late on Friday. Copyright AFP (Agence France-Presse), ...
Bunds fall after Greek election, relief limited  LONDON: German bond prices fell on Monday after an election victory for Greece's pro-bailout New Democracy party staved off fears of an imminent Greek exit from the euro zone, but the relief looked to be limited and short-lived. Political parties in favour of the country's life-support bailout began forging a government on Monday after a narrow victory over radical leftists that wanted to tear up the existing agreement. That brought relief to financial markets, easing demand for ...
German bonds tumble as Greek election sparks relief  LONDON: German bond prices fell at Monday's open as an election victory for Greece's pro-bailout New Democracy party staved off fears of an imminent Greek exit from the euro zone, but few saw relief lasting over the long term. Political parties in favour of the country's life-support bailout began forging a government on Monday after a narrow victory over radical leftists that wanted to tear up the existing agreement. That brought relief to financial markets, easing demand ...
Italy to sell 10bn euros in state companies to reduce debt  ROME: The Italian government said Friday it will reduce its massive debt by raising around 10 billion euros ($12.6 billion) by selling off three state companies. It will also set up a real estate fund into which "all public buildings" will be placed to be "valued and sold" to private investors, it said. Copyright AFP (Agence France-Presse), 2012 ...
Spanish yields hit euro-era high after rating cut  LONDON: Ten-year Spanish government bond yields hit a new euro-era high on Thursday after Moody's cut Spain's credit rating to just one notch above "junk" and ahead of an Italian debt auction which could prove tricky as the euro zone debt crisis deepens. Ten-year Spanish yields rose close to the 7 percent danger levels, rising 13 basis points to 6.91 percent, while two-year yields jumped 23 bps to 5.2 percent. Italian bonds came under pressure before a ...

 



 
Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17






Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln