Top Section/Bond comments/Ad
Top Section/Bond comments/Ad
Most recent
'Everyone is ready for summer to be over' as SSA wave builds for Monday
Analysts discuss the scope of tightening in Bund swap spreads and the impact on SSA spreads
OATs and OLOs could weaken further versus Bunds while southern European countries and EU continue to paint a positive picture
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
More articles/Ad
More articles/Ad
More articles
-
The Kingdom of Spain rounded off a difficult year for bond issuance by selling more than its targeted amount at an auction on Thursday, including the first debt from a periphery eurozone issuer in the 30 year bracket in 2012. The Republic of Italy also hit all its targets in its penultimate bond auction of the year.
-
The Canadian province of British Columbia met investors this week to pitch an offshore renminbi bond that it could sell at the start of next year, becoming the first foreign government, local or otherwise, to turn to the market.
-
The Greek buyback of PSI bonds has been deemed a success despite Athens having to pay a higher price than expected. The buyback period also had to be extended by two days to reach the €30bn target required to release the next tranche of €34.4bn of bail-out loans. This should be confirmed at Thursday’s eurogroup meeting.
-
Spain announced its borrowing plans for 2013 on Tuesday, including plans for a very large increase in its net issuance of bills. Strategists are concerned that Spain will struggle to successfully execute its borrowing programme without official assistance, and that the emphasis on bills could lead to refinancing problems in 2014.
-
The Republic of Italy looks set to comfortably hit its maximum €3.5bn target of three year debt at auction on Thursday — despite uncertainty over the country’s political future — as an investor hunt for yield fuels demand for the sovereign, analysts have said.This should be confirmed at Thursday’s eurogroup meeting.
-
Samruk Energy has come out with guidance on a five year debut dollar note, a week after completing investor meetings.