OctaFX | OctaFX Forex Broker
Open trading account

Forex Flash: Slovenia´s bond offer delayed - Deutsche Bank

FXstreet.com (Barcelona) - Jim Reid of Deutsche Bank notes that yesterday, Slovenia’s delayed bond offer was one of the interesting market stories.

He sees that the government had initially planned to issue 5-year and 10-year US$ bonds after having received good feedback from bond investor meetings but at the end decided to delay the offering following Moody’s negative rating action. Further, he notes that the agency downgraded Slovenia’s sovereign rating to Ba1 from Baa2 and the outlook remains Negative. Moody’s said the action reflects the state of Slovenia’s banking sector, the marked deterioration of Slovenia’s government balance sheet and uncertain funding prospects that heighten the probability that external assistance will be needed. he writes, “Moody’s two notch downgrade means its rating on Slovenia is now multiple notches below S&P’s A-/Stable and Fitch’s A-/Neg. According to a Bloomberg article, the said 5-year and 10-year debt were initially being offered in the region of 5% and 6.12% respectively, according to Bloomberg.”

Forex Flash: Nearing the End of the Rally - Goldman Sachs

Goldman Sachs analysts note that fixed income markets have rallied since mid-March, and intermediate to long dated government bond yields in the advanced economies remain close to historical lows.
Read more Previous

Forex: GBP/USD eyes 1.5600 on PMI

The sterling keeps pushing higher on Wednesday, eyeing the key resistance at 1.5600 after April’s manufacturing PMI surprised investors rising to 49.8 vs. 48.5 forecasted and up from March’s 48.6 (revised)...
Read more Next
Start livechat