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Sovereigns

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SSA
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
SSA
Uncertainty looms large as presidential race far from clear and budget negotiations potentially ‘highly challenging’
SSA
Summer in full swing but first two weeks of August not completely off the cards for non-euro deals
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  • SSA
    If Greece defaults on its debts it will be its sixth sovereign default since independence in 1829. In fact, Greece was in arrears on its external loans in no fewer than 51% of the subsequent 180 years, Europe’s worst record by far. But in those past defaults does there lie a solution for the country's troubles today?
  • Fear returned the eurozone sovereign bond market on Wednesday morning, amid rumblings of opposition among domestic Greek MPs to the latest proposals on the country’s economic reforms.
  • The Government of Mongolia has opened books to its debut dim sum bond on the morning of June 24. The country intends to be a regular in the currency and expects to be more active in the offshore bond market once its rating is upgraded, according to the country’s minister of finance and central bank governor.
  • The UK Debt Management Office kicked off its syndication schedule for the 2015-16 financial year with a bond that was more than two times subscribed.
  • Eurozone periphery yields fell in secondaries on Tuesday as hopes grew that Greece will strike a deal with its creditors this week, but Spain’s borrowing costs still rose at a bill auction.
  • Germany has reduced its issuance target for 2015 by €5bn, with the cuts to come at the short end of the maturity curve.