May 31, 2005
Bond yields down across board
Permalink: Bond yields down across board by Brian Turner Bond yields in the UK, the eurozone, and the US were all down on Tuesday. Yields in the UK fell on news of weak retail numbers. The 2-year gilt was down 7.8 basis points to a yield of 4.305 percent, while 10-year yields fell 9.6 basis points to a 4.307 percent. In the eurozone, negative data concerning the ...
May 30, 2005
India to open retail sector to investors
Permalink: India to open retail sector to investors by Brian Turner Indian prime minister Manmohan Singh has announced that India will soon allow direct foreign investment in the nation’s retail sector. His comments came while officials of US retail giant Wal-Mart were in India to discuss the company’s plans and gave the company an indication that they will soon be allowed to participate in the country’s $180 billion retail market. Some ...
May 27, 2005
European bond market prepares for French referendum
Permalink: European bond market prepares for French referendum by Brian Turner In the UK on Friday, yields on 2-year gilts were down 1.1 basis points to a yeild of 4.352 percent. Yields on longer-dated issues, however, were higher. The new 50-year gilt had a yield of 4.259 percent, up 2.8 basis points, the 30-year gilt advanced 3 basis points to 4.326 percent, and the 10-year gilt rose 3.6 basis points ...
May 26, 2005
UK bonds create market demand
Permalink: UK bonds create market demand by Brian Turner Yields on US Treasury bonds were mixed on Thursday, with the 2-year bond up 1.2 basis points to 3.635 percent, while yields on the 10-year bond fell 0.6 basis points to 4.084 percent. Meanwhile in London, the first auction in forty years of 50-year gilts in the UK worth Ł2.5 billion, received 1.6 times the bids for the ...
May 25, 2005
Eurozone bonds volatile as bond market yields fall
Permalink: Eurozone bonds volatile as bond market yields fall by Brian Turner US Treasury bonds saw prices fall and yields move higher on 10- and 30-year bonds on Wednesday, while the 2-year bond remained at its previous level of 3.603 percent. The 10-year bond rose 1 basis point to 4.046 percent and the 30-year bond yielded 4.386 percent. In Japan, the opposite was true as prices were up and yields ...Europe’s elections impact Turkish economy
Permalink: Europe’s elections impact Turkish economy by Brian Turner Turkey’s economy had entered a rough patch brought on by uncertainties over its bid to become a member of the European Union. These uncertainties have affected both the stock market and bond prices. Turkey’s stock index fell 4.5 percent on Monday after the announcement of early elections in Germany and fell a further .77 percent on Tuesday. Prices on ...
May 24, 2005
Bond yields down on economy fears
Permalink: Bond yields down on economy fears by Brian Turner Bond prices were generally up and yields down on Tuesday in Europe, the United States, and in Japan. In the UK, the 2-year gilt lost 2.2 basis points to yield 4.346 percent, and the 10-year gilt stood at a yield of 4.326 percent, down 3 basis points. Meanwhile, a sale of Ł4.25 million in index-linked bonds did well. Yields ...
May 23, 2005
Eurozeon bonds suffer as Bund hits record low
Permalink: Eurozeon bonds suffer as Bund hits record low by Brian Turner Yields were down and prices up on eurozone bonds on Monday. Yields dropped on the 2-year Schatz, which fell 2.3 basis points to 2.243 percent. The 10-year Bund saw yields drop 4 basis points to 3.333 percent, and the 30-year Bund fell 4.1 basis points to a yield of 3.795 at the close of trade. Earlier in the day,yields on the ...
May 20, 2005
Australian government seeks to increase foreign ownership on Telstra
Permalink: Australian government seeks to increase foreign ownership on Telstra by Brian Turner The Australian government is said to be thinking about raising the limit of foreign ownership in Telstra, the former Australian telecommunications monopoly that is currently in process of being privatized. With the current foreign participation level set at 35 percent, there is talk that this might be raised to 49 percent. The country’s finance minister, Nick Minchin, has ...Russian steel company to list
Permalink: Russian steel company to list by Brian Turner Evraz, the Russian steel company is making plans to offer shares on the London Stock Exchange. It becomes the latest Russian company to launch an initial public offering in London. Conglomerate Sistema completed a listing in February, and Russia’s largest grocery retailer, Pyaterochka, listed earlier this month. The listing, which is expected to begin trading shortly after the beginning ...London markets up as US gives strong performance
Permalink: London markets up as US gives strong performance by Brian Turner London equities markets ended both the day and the week up on Friday. The FTSE 100 was up 0.2 percent, closing at 4,971.8 for the day, with an overall rise of 1.8 percent for the week. The FTSE 250 was up 0.1 percent to 6,934.3 on the day, to bring the week’s gain to 2.1 percent. 2.7 ...
May 19, 2005
Gains on treasury bonds continues
Permalink: Gains on treasury bonds continues by Brian Turner An unexpected rise in retail sales in the UK sent yields on gilts up on Thursday. The 2-year gilt yielded 4.372 percent, a rise of 2.4 basis points, while the yields on 20-year gilts rose 2.1 basis points to 4.365. Yields rose in the eurozone as well, with the 2-year Schatz rising 0.9 basis points to yield 2.244 ...
May 18, 2005
Government bonds down on economic concerns
Permalink: Government bonds down on economic concerns by Brian Turner Yields on government bonds were generally down around the world on Wednesday. For example, yields were lower on Japanese government bonds on Wednesday as investors became more interested in long-dated issues. However, activity was fairly slow as investors awaited the results of a scheduled Bank of Japan policy meeting. Ten-year government bonds fell 2.5 basis points to yield ...
May 17, 2005
Warning on European investments if France says “Non”
Permalink: Warning on European investments if France says “Non” by Brian Turner When France votes next week to accept or reject the European Constitution, the outcome could have wide ranging effects on European economics. In the event that the French reject the constitution, experts believe that there would be negative fallout for the euro, for eurozone equities and bonds, and even for Turkish assets. 72 percent of fund managers who ...UK 50-year gilt to open on bond markets
Permalink: UK 50-year gilt to open on bond markets by Brian Turner The UK saw mixed yields in short-dated gilts but firmly lower yields on longer-dated issues on Tuesday after it was announced that a new 50-year gilt would be sold next week for the first time since 1960. The 2-year gilt was up 1.6 basis points to yield 4.354 percent, while the 10-year gilt was yielding 4.32 percent, down 2.8 basis ...
May 16, 2005
Oil production slides Mynex prices
Permalink: Oil production slides Mynex prices by Brian Turner Commodities prices continued their slide on Monday, as gold hit a three-month low of $418.25 before rebounding to $419.00/9.70 after a Friday close of $420.00/420.80. Copper prices fell too, with production accelerating even as demand is slowing. Three-month copper was down $11, to $2993 a tonne. And, in undoubtedly the most-watched commodity, crude oil prices fell again ...UK gilt market waits on reports
Permalink: UK gilt market waits on reports by Brian Turner In the UK, the gilt market was waiting for several reports Monday. Consumer prices data and details concerning on the upcoming issue of a 50-year bond were due to be reported on Monday, and retail sales figures were expected to be released Thursday. Additionally, the central bank will meet on Tuesday. Consequently, yields moved very little if at all. ...Chinese expands foreign investment opportunities
Permalink: Chinese expands foreign investment opportunities by Brian Turner A report in the China Securities Journal indicates that the nation will raise the amount of money foreign investors will be permitted to invest in China’s primary markets. Already this year, China has given its permission for 26 foreign entities invest a total of $4 billion in over 1,300 Chinese companies, treasuries, and corporate bonds. That amount is ...
May 13, 2005