Marc Ostwald

Marc Ostwald News

• Bund Yields Rise to 9-Week High as Bundesbank Sees Faster Growth

  German government bonds fell, pushing 10-year yields to the highest level in nine weeks, after the Bundesbank said the economy will improve “markedly” this quarter, damping demand for the region’s safest securities.

• Spanish Bonds Decline as Demand Falls at Debt Sale; Bunds Slide

  Spain’s 10-year government bonds declined for the first time in six weeks as demand fell when the nation sold a combined 4.57 billion euros ($5.9 billion) of securities at an auction.

• Bunds Advance on U.S. Growth Report, Bets ECB Will Lower Rates

  German bunds rose, pushing down yields toward the lowest in nine months, as data showing the U.S. economy grew less than forecast in the first quarter boosted demand for the safest assets.

• U.K. Inflation Outlook Slumps as Growth Wanes, Gilt Yields Show

  U.K. inflation expectations tumbled to the lowest in almost four months this week as energy prices fell and government reports signaled growth is slowing, gilt yields show.

• Italian, Spanish Bonds Rise as Coeure Says ECB to Preserve Euro

  Italian bonds rose, snapping a decline from yesterday, as European Central Bank executive board member Benoit Coeure said the institution will do everything it can within the terms of its mandate to preserve the euro.

• Putin Says Cyprus Bank-Deposit Levy Is Dangerous, Unfair

  Russian President Vladimir Putin criticized a proposed penalty on Cypriot bank deposits, imposed as part of an international bailout, saying it would set a dangerous precedent.

• Treasury Yields Two Basis Points From This Year’s Low Before Housing Data

  Treasury yields were three basis points away from the year’s low before a report forecast to show U.S. housing starts near recession levels, adding to concern about the recovery and boosting demand for the safety of bonds.

• Bersani Wins President’s Mandate With Push for Berlusconi Deal

  Pier Luigi Bersani won a mandate to seek backing for Italy’s next government from the nation’s president, who urged him to compromise with rival Silvio Berlusconi.

• Gilts Decline as Cyprus Concern Wanes; Pound Drops Against Euro

  U.K. government bonds fell, with 10-year gilts halting a five-day rally, as Cyprus’s banks reopened with little signs of any capital flight after a European Union bailout forced losses on depositors.

• Treasuries Head for Weekly Decline Before Jobs Report

  Treasuries fell, poised for their steepest weekly loss since the start of the year, as U.S. stock futures rose and economists said a report today will show the nation added jobs, undermining demand for the safest assets.

Quote

• "If you look at the Austria-German spread, there's nothing there."

  - Marc Ostwald on May 21, 2013

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