Wednesday, 28 September 2011 17:00
Posted by Imaduddin
LONDON: German government bonds resumed this week's sell-off on Wednesday after a poorly received 5-year bond auction and as Greece's lenders returned to the country to consider the disbursement of further aid.
Markets held onto hopes that the euro zone's bailout fund could be expanded, despite a lack of details on such a move, but even previously agreed measures did not seem set in stone with Germany suggesting the agreed Greek bailout plan may be renegotiated ...
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BRUSSELS: Yields on Belgium's short-term debt fell for three-month treasury bills but rose slightly for six-month paper at an auction of January and March 2012 treasury bills on Tuesday, the country's debt agency said.
Belgium sold January 2012 treasury bills for a yield of 0.909 percent lower than the yield of 1.067 percent the market demanded in September.
For the six-month paper, yields rose to 0.923 percent from 0.904 percent at their most recent in August
Belgium raised a total of 3.52 billion euros ($4,67 billion), at the top of the 2.7 and 3.5 billion euros range set by the debt agency on Friday.
Copyright Reuters, 2011 ...
LONDON: Bund futures rose on Monday as investors sought out safe haven German debt with little sign policymakers were nearer to agreeing on a response to the region's debt crisis, with Greece struggling to meet the conditions of its bailout agreement.
Signs last week that EU leaders were seeking to beef up the euro zone bailout fund prompted a revival in stock markets and riskier assets, but slow progress on a firm plan of action has ...
NEW YORK/HONG KONG: Greece may be looking into kicking the can into the next century.
One of the options the sovereign is looking at is offering a 100-year bond in return for outstanding short-term debt, said a banker at one of the institutions advising Greece who said he saw the plans being studied.
BNP Paribas, Deutsche Bank and HSBC are advising Greece on its current debt restructuring exercise, alongside Lazard.
Officials at other banks ...
MILAN: The Italian Treasury issued 7.85 billion euros worth of bonds on Thursday with sharply higher interest rates, according to the Bank of Italy, signalling renewed discontent on the markets.
Although Rome adopted a second draconian austerity package in mid-September which aims to reduce the country's vast debt -- around 120 percent of Gross Domestic Product -- by 2013, investors show little faith in the government.
Copyright AFP (Agence France-Presse), 2010 ...
