german bondsspain and italy bonds decline
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

German bonds , Spain and Italy bonds decline

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice German bonds , Spain and Italy bonds decline

London - Arabstoday

German bonds rose, snapping a five-day decline, after Standard & Poor\'s said European efforts to roll over Greek debt may constitute an default. Spanish and Italian bonds fell as S&P said a French proposal to swap maturing Greek debt for new securities would qualify as a distressed exchange because it offers creditors less than originally promised, possibly prompting a \"selective default\" rating. Greek two-year notes climbed for the fourth day in five amid speculation the European Central Bank will continue to accept the nation\'s government bonds as collateral. \"The S&P news is weighing on sentiment,\" said Michael Leister, a fixed-income analyst at WestLB AG in London. \"The treatment by ratings agencies of any Greek bailout or rollover plan is crucial given the secondary effects if they were to deem it a credit event. We are seeing bunds up, so it clearly indicates that the risk-on sentiment is losing momentum.\" Ten-year bund yields fell three basis points to 3.01 per cent in London. They reached 3.05 per cent on July 1, the most since June 9. The 3.25 per cent security due July 2021 gained 0.245, or €2.45 per €1,000 ($1,453) face amount, to 102.065. Two-year German note yields dropped one basis point, to 1.64 per cent. They reached 1.67 per cent on July 1, also the most since June 9. Article continues below Factory prices Bunds stayed higher as a report showed European producer — price inflation slowed more than economists forecast in May. Factory-gate prices in the euro region increased 6.2 per cent from a year earlier after rising 6.7 per cent in April, the European Union\'s statistics office in Luxembourg said today. Economists had projected a gain of 6.3 per cent, according to the median of 21 estimates in a Bloomberg News survey. Greek two-year notes rose for the fourth day in five amid speculation that the ECB will continue to accept Greek government debt as collateral, even if S&P deems the nation in \"selective default\" if a French-led bond rollover deal is struck, maintaining a lifeline to the nation\'s banks. The ECB declined to comment on the S&P release. Greece\'s two-year note yields fell 87 basis points to 25.97 per cent. Its 10-year government bond fell, pushing the yield up 12 basis points to 16.45 per cent. \"It is difficult to think of the ECB precipitating the kind of crisis for Greece in which it wouldn\'t take their bonds as collateral,\" said Luca Jellinek, head of European interest- rate strategy at Credit Agricole CIB in London. \"To the extent the Greek government bonds are OK, that would indicate the market thinks a way will be found to get the ratings agencies to not consider the Greek paper defaulted or that the ECB will say that they will accept this paper.\" The yield difference, or spread, between Greek 10-year bonds and German bunds of similar maturity, widened 15 basis points to 1,345 basis points. Spanish and Italian bonds trimmed last week\'s gains. The declines pushed the yield on Spain\'s 10-year security three basis points higher to 5.41 per cent, while the yield on Italian debt of similar maturity advanced five basis points to 4.92 per cent. Irish 10-year bond yields were little changed at 11.61 per cent, after climbing seven basis points to 11.87 per cent earlier.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german bondsspain and italy bonds decline german bondsspain and italy bonds decline

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german bondsspain and italy bonds decline german bondsspain and italy bonds decline

 



GMT 15:05 2017 Thursday ,08 June

UAE Weather: Temperature set to touch 46°C today

GMT 09:21 2012 Friday ,13 April

Chances of rain in the UAE

GMT 18:01 2011 Saturday ,12 November

Masdar set to launch Seychelles wind farm by end-2011

GMT 17:11 2017 Sunday ,19 November

South Africa eyes 2023 Rugby World Cup

GMT 21:22 2017 Saturday ,10 June

Moroccan minister

GMT 07:28 2017 Tuesday ,07 November

Now,Dubai cafes introduce special food

GMT 12:38 2016 Monday ,14 November

2016 'very likely' hottest year on record

GMT 08:03 2017 Thursday ,02 November

Abdou blames targeting Khan Yonis

GMT 10:51 2017 Thursday ,23 March

Fire damages historic Ottoman mosque in Greece

GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 00:14 2017 Friday ,13 October

Army kills mercenaries in Kahbob, Lahj

GMT 19:04 2017 Thursday ,08 June

Qatar sympathisers in Bahrain to face fine, jail

GMT 14:29 2017 Wednesday ,02 August

Man City winger Navas returns to Sevilla

GMT 10:51 2017 Friday ,26 May

Labour Minister meets Thai envoy
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice