Yield

By Lukanyo Mnyanda

Giving away your money doesn?t mean losing it these days.

Investors who held shorter-dated European debt have managed to eke out a positive return in 2015, according to Bank of America Merrill Lynch indexes. That was even as price increases pushed yields in Germany and Austria below zero.

Short-dated Greek yields edged up on Friday, while 10-year yields were down 11 basis points at 11.04 percent on persistent uncertainty over whether Greece?s international creditors would accept reform plans submitted on Friday to unlock much needed cash.

By Lucy Meakin

One week after euro-area finance ministers agreed to extend Greece's bailout, the nation's government bonds are showing no sign of moving above where they were when the anti-austerity Syriza party was elected.

By Lucy Meakin

The yield premium investors demand to hold Italian bonds instead of German bunds rose from the least since May 2010 as investors considered the scale and form of anticipated European Central Bank sovereign-debt purchases.

By David Goodman

For the first time in 15 months, Greek 10- year government bond yields are back above 10 percent.

As Italy sold 10-year bonds on Tuesday at a record-low yield of less than 2 percent, rates on similar-maturity Greek debt were spiraling toward 10 percent.

Compare that with 2011, when Greece’s troubles were grouped with Portugal, Ireland, Italy and Spain and Italian borrowing costs exceeded 7 percent.

Greece sold 1.138 billion euros of three-month treasury bills on Wednesday to roll over a maturing issue, the country's debt agency PDMA said.

The T-bills were priced to yield 1.70 percent, unchanged from a previous sale in October - the lowest funding cost since January 2010, when the debt agency sold three-month treasury paper at 1.67 percent.

Spanish government debt redemptions due this week helped push Italian 10-year bonds higher as investors bet that a sell-off that sent the yields to the most versus Spain’s in two-and-a-half years this week was excessive.

Italy’s 10-year yields fell three basis points, or 0.03 percentage point, to 2.51 percent, the biggest slide since October 21.

Bulgaria's Ministry of Finance reopened for the 4th time this year the 5 year issue of Government Securities (GS) with nominal value BGN 55 million, issued on 22 January 2014 and with maturity 22 January 2019.

Greek bonds saw their yields climb as the government announced it plans to improve its yield curve with sales of seven- and 10-year government debt, according to the 2015 draft budget presented on Monday by Alternate Finance Minister Christos Staikouras.

Greek 10-year yields increased nine basis points to 6.44 percent and the 30-year rate climbed seven basis points to 7.06 percent.