Tag Archives: BUND
BUND ANALYSIS
Bunds and gilts may start mixed or a little higher Monday as investors remain in cautious gear ahead of the meeting between Merkel and Sarkozy amid more concern about the eurozone’s viability.
BUND ANALYSIS
After a busy start to the new year, the European primary bond market was quiet Friday with most of Europe on holiday. The cost of insuring European corporate and sovereign debt was mixed as investors remain nervous about the euro zone crisis.
BUND Analysis
German government bonds are opening lower Thursday, with yield curve extending its steepening move ahead of a heavy supply from France for up to E8.0bln. However, whilst the benchmark 10-year Bund holds below 2.00% yield, the outlook remains constructive given the ongoing eurozone sovereign debt crisis, which isn’t showing any signs of ending any time […]
BUND ANALYSIS
The European Central Bank stepped up its sovereign bond purchases last week but the weekly amount purchased remained significantly lower than the volumes seen in the previous four months.
BUND ANALYSIS
Bunds may start a bit higher Monday amid a Bundesbank warning that Germany must cut its deficit. The second and final release of the euro zone composite purchasing managers for December is expected to confirm the mild improvement reported in the preliminary survey.
BUND ANALYSIS
German government bonds opening lower on the last trading day of the year, with volumes thin in a holiday shortened session. Given the lack of liquidity and light volume trading the risk of short-covering remains as investors turn their focus on 2012, with general view that the EUROZONE sovereign debt crisis is likely to extend […]
BUND ANALYSIS
German government bonds are trading moderately lower midday Wednesday, having reversed opening gains following strong Italian auction results. Volumes were extremely thin with many players away and extending their Christmas holidays.
BUND ANALYSIS
German government bonds opened higher Wednesday, with the yield on the 2-year Schatz hitting fresh EMU record low at 0.139% on risk-aversion buying following overnight falls in stocks and amid uncertainty ahead of Italy’s auctions.
Italy Bond auction preview
Italy is due to tap its 2-year zero coupon Sep 2013 CTZ issue Wednesday for between E1.5bln-E2.5bln indicative size. The auction comes amid a heavy slew of issuance from Italy for up to E20bln, which completes its funding programme for this year, but settlement of these issues are 2012.
BUND ANALYSIS
German government bonds are opening lower Friday following overnight gains in stocks. Volumes are seen as light given Tokyo holiday overnight in observance of the Emperor’s Birthday, and ahead of early close in London & NY for Christmas period.
BUND ANALYSIS
German government bonds are opening lower Thursday on profit-taking following strong rebound yesterday in the wake of the ECB’s inaugural 3-year LTRO. Most in the market have dismissed the ECB’s 3-year LTRO as a damp squib and another can kicking exercise, where the central bank has merely pumped cheap money into the euro banking system.
BOND ANALYSIS
German government bonds are trading little changed Wednesday ahead of the ECB’s inaugural 3-year LTRO. Bunds traded sharply lower yesterday following better than expected German Ifo business survey and strong Spanish 3-month and 6-month T-bill auctions with further tightening in EMU peripheral spreads as investors continued to purchase periphery bonds ahead of the ECB’s 3-year […]