Wednesday Jul 30, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Bunds slip amid Greek bailout doubts

Safe-haven German Bund futures edged lower at Wednesday's open though the view among investors that Greece will struggle to implement the tough austerity required under its latest bailout was set to limit losses.

The Bund future edged down to 137.74, 22 ticks lower on the day, as the dust begins to settle on the 130 billion euro bailout agreed on Tuesday.

Improved risk appetite on the back of the deal has quickly given way to fresh doubts over whether Greece will make the agreed budget cuts, and whether the steps will be enough to make its huge debt sustainable.

"The general view is that this isn't the deal to end all deals. When's the next one?, a trader said, adding Bunds were likely to remain bound by the 137 to 140 range that has held since the start of the year.

He added that the lack of positive momentum meant this year's rally seen in Spanish and Italian debt was unlikely to extend further, with investors questioning whether there was much value left in peripheral bonds.

Ten-year German yields were 1.2 basis points higher at 1.992 percent, while the two-year yield was 1 bps higher at 0.272 percent ahead of the launch of a new benchmark bond at around 1030 GMT.

Demand for the new two-year debt was expected to be strong, with investors keen to secure low-risk and highly liquid assets despite the paper carrying a below-inflation 0.25 percent coupon.

"With many investors fearing a sentiment change and German cash bond material scarce in this part of the curve, we look for decent demand in today's auction, said Commerzbank strategist Marcel Bross in a note to clients.

On the data front, flash Purchasing Managers' Index data for February will provide the latest insight into the strength of the euro zone economy.

[Reuters]

ekathimerini.com , Wednesday February 22, 2012 (10:32)  
Six firms submit bids to lease Vouliagmeni beach
IMFs Lagarde not sure yet about debt relief for Greece
Deals reached for twin plot on Afandou, for 42 million
More delays and red tape for companies tax rebates
Greek foremen avoid jail after firing on migrant laborers [Update]
A Greek fruit exporter and three foremen arrested last year over a shooting attack against migrant labourers avoided jail or were acquitted altogether on Wednesday, a judicial source said. T...
Wine cup used by Pericles found in grave north of Athens
A cup believed to have been used by Classical Greek statesman Pericles has been found in a pauper's grave in north Athens, according to local reports Wednesday. The ceramic wine cup, smashed...
Inside News
SOCCER
Veronas Moras donates bone marrow to brother
Hellas Verona defender Vangelis Moras is in Australia to donate bone marrow to his older brother Dimitris, who has leukemia. The transplant will take place on Saturday. Dimitris flew to Aust...
VOLLEYBALL
Volleyball national team second in European League
Much as the national volleyball team tried to repeat in the finals of the European League the feat it had achieved in the semifinals, it failed to overturn the advantage Montenegro had got f...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greeces former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Veronas Moras donates bone marrow to brother
2. Greek foremen avoid jail after firing on migrant laborers [Update]
3. Wine cup used by Pericles found in grave north of Athens
4. SYRIZA, DIMAR representatives to hold talks Thursday
5. Two of four suspects in Nea Manolada strawberry farm shooting convicted
6. Six firms submit bids to lease Vouliagmeni beach
more news
Today
This Week
1. Six firms submit bids to lease Vouliagmeni beach
2. IMF's Lagarde not sure yet about debt relief for Greece
3. Coalition submits new proposals for Greek coastline
4. Wine cup used by Pericles found in grave north of Athens
5. EU Commissioner Damanaki unlikely to return to Greek politics
6. Police arrest one, seek another three over counterfeit goods
Today
This Week
1. Unequal after death
2. Greek sovereign debt at 174.1 percent of GDP in first quarter
3. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
4. Quadriplegic woman on life support 'dies due to unpaid power bills'
5. Front-line threats
6. Defense Minister Avramopoulos to represent Greece at European Commission
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.