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Aug 14, 2013

German yields rise as GDP data confirms euro zone recovery bets

LONDON, Aug 14 (Reuters) – German bond yields hit their
highest levels since late June on Wednesday as growth data out
of Germany and France confirmed expectations that the euro zone
is recovering from recession.

The German economy grew by 0.7 percent in the second quarter
of 2013, its largest expansion in more than a year, and France
posted economic growth of 0.5 percent in the same period.

Aug 12, 2013

Bets economy improving squeeze Spain, Italy debt risk premia

LONDON, Aug 12 (Reuters) – The risk premia on Spanish and
Italian government bonds hit their lowest in two years on Monday
as a dearth of new debt sales and improving economic data
favoured lower-rated bonds.

The move lower gained momentum on expectations data this
week will confirm the euro zone economy is pulling out of its
longest recession, keeping German yields well off this year’s
lows.

Aug 8, 2013
via MacroScope

Recalculating: Central bank roadmaps leave markets lost

Central banks in Europe have followed in the Federal Reserve’s footsteps by adopting “forward guidance” in a break with traditionBut, as in the Fed’s case, the increased transparency seems to have only made investors more confused.

The latest instance came as something of an embarrassment for Mark Carney, the Bank of England’s new superstar chief from Canada and a former Goldman Sachs banker. The BoE shifted away from past practice saying it planned to keep interest rates at a record low until unemployment falls to 7 percent or below, which it said could take three years.

Aug 8, 2013

German 10-year yield gap with gilts around widest since 2010

LONDON, Aug 8 (Reuters) – The yield gap between 10-year
British and German government bonds stood around its widest
since 2010 on Thursday on signs the UK economy is recovering
faster than its euro zone counterpart.

The different speeds of recovery has been reflected in a
faster rise in UK bond yields than in those on German benchmarks
this year.

Aug 6, 2013

Data, ebbing crisis push Italy debt risk premium to 10-week low

LONDON, Aug 6 (Reuters) – Italy’s debt risk premium fell to
10-week lows on Tuesday after data showed the euro zone’s No. 3
economy shrank less than expected in the second quarter and as a
political crisis waned.

The gap between 10-year Italian and German borrowing costs
fell to its lowest since May at
around 253 basis points as robust German factory activity
numbers pushed Bund yields higher. A break below 250 bps would
take the gap to two year-lows.

Aug 5, 2013

Italian yields hit six-week lows on data, Berlusconi comments

LONDON, Aug 5 (Reuters) – Italian bond yields hit their
lowest since mid-June on Monday after services data beat
forecasts and comments from centre-right leader Silvio
Berlusconi soothed investor concern about the fragile
government.

Berlusconi supporters protested in Rome on Sunday against
his tax fraud conviction but he said the coalition of his People
of Freedom party and the centre-left Democratic Party of Prime
Minister Enrico Letta must continue.

Aug 5, 2013

Italian yields fall on forecast-beating data, Berlusconi comments

LONDON, Aug 5 (Reuters) – Italian bond yields fell on Monday
to their lowest since mid-June after services data beat
forecasts and comments from centre-right leader Silvio
Berlusconi soothed investor concern about the fragile
government.

Italy’s services sector shrank in July at its slowest pace
since going into a downturn in mid-2011, and euro zone business
expanded for the first time in 18 months in July, surveys on
Monday showed.

Aug 5, 2013

Forecast-beating data, Berlusconi comments lift Italian bonds

LONDON, Aug 5 (Reuters) – Italian bonds rose on Monday on
tentative signs of recovery in the euro zone supported while
comments from centre-right leader Silvio Berlusconi soothed
investor concern about the fragility of the ruling coalition.

Italy’s services sector shrank in July at its slowest pace
since going into a downturn in mid-2011, beating forecasts, and
euro zone business expanded for the first time in 18 months in
July, surveys on Monday showed.

Aug 2, 2013

Braving political storm, investors to stick to Italian debt

LONDON, Aug 2 (Reuters) – The decision to uphold a tax fraud
conviction against former premier Silvio Berlusconi has not
scared investors away from one of the world’s biggest bond
markets, even though it could still unsettle Italy’s fragile
politics.

Support has come from a belief that government policy is not
in immediate danger, from the size of domestic ownership of
Italian bonds, from the attractive yield on the debt, and from
the bond-buying backstop set up a year ago by the European
Central Bank.

Aug 1, 2013

Euro zone bonds rally after Fed, ECB also seen dovish

LONDON, Aug 1 (Reuters) – Euro zone government bonds rallied
on Thursday after the Federal Reserve said the U.S. economy
still needed support, with the European Central Bank also
expected to stick to its accommodative policy later in the day.

The Fed offered no hint that it is planning to reduce its
bond-buying stimulus at its next meeting in September and
slightly downgraded its view of the recovery.

    • About Ana

      "Ana Nicolaci da Costa is UK Economics Correspondent, covering monetary and fiscal policy in London. Ana previously worked as Reuters' Economics Correspondent in Brasilia and covered European markets, including the euro zone debt crisis. She began working for Reuters in 2004 in London, after an internship at the Financial Times. Ana has a Master's degree from the University of London and studied political science as an undergraduate at the University of Nottingham and Institut d'Etudes Politiques de Paris."
      Joined Reuters:
      2004
      Languages:
      English, Portuguese, French, German, Spanish
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