Bond

Prudential Financial Inc. held on to its Greek government bonds that are due in five years or less even as the nation’s securities last week dropped the most in a year.
There’s a good chance the market has already priced in most of Greece’ bad news, accor... ...

Private financial markets trust Romania more than we do, Prime Minister Victor Ponta declared on Wednesday at the government offices of Victoria Palace; he was referring to the country's bonds issue at an interest rate below 3 percent, the press office of the Executive informed in a release to AGERPRES.

By Yiannis Papadoyiannis

Analysts, investment banks and institutional investors appear optimistic regarding the results of the European Central Bank stress tests on local lenders, which has been mirrored in the performance of bank stocks so far this week. The message is that they expect the capital requirements to be announced this Sunday to be small and manageable.

Low-rated eurozone bond yields fell on Tuesday after several sources told Reuters the European Central Bank was considering buying corporate bonds, quelling some concerns that the ECB was not doing enough to stoke inflation and growth.

German bunds advanced and Greek securities declined on Monday, extending losses that sparked a sell-off in the periphery last week.

Greek five-year yields rose 55 basis points to 7.62 percent, after touching 7.94 percent on Friday, the highest since April.

Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greece’s stock and bond markets was a strong shock. Interestingly, the leftist opposition appears unaffected by the warnings.

By Lukanyo Mnyanda

Italian bonds fell, with 10-year yields set for the biggest weekly increase in more than a year, as prospects of Greece exiting its bailout combined with the threat of recession to sap demand for higher-yielding assets.

Greek 10-year bond yields rose by one percentage point on Thursday, on mounting worries over the likelihood of early elections next year and a risky plan to leave the bailout program a year ahead of time.

Ten-year Greek yields last stood at 8.86 percent. Yields for the three- and five-year bonds rose above 7 percent. [Reuters]

The payment of the guaranteed deposits in Bulgaria's troubled Corporate Commercial Bank (KTB) and its daughter bank Victoria (formerly Credit Agricole Bulgaria) would start in November, said Bulgaria's caretaker Finance Minister Rumen Porozhanov, quoted by BTA.

Greek bond yields shot above the 7-percent mark on Tuesday amid investor skepticism about the country’s prospects, prompting the government to consider what action it could take to restore stability.