Tunisia's central bank governor said on Friday there was no alternative to the country agreeing a program with the International Monetary Fund, warning that central bank financing of the budget would send inflation out of control.
Natural gas’ status as the acceptable face of hydrocarbons has suffered a grievous blow. Until recently the biggest players – energy majors like Royal Dutch Shell, or Total and states like Qatar – rested contentedly on forecasts of demand rising for decades to come. Yet.
Italy's Prime Minister Mario Draghi on Friday recommended temporarily suspending debt service payments to help poor countries battling COVID-19, adding that Rome would offer an additional 300 million euros ($366 million) to distribute vaccines to them.
By Reuters Staff Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr
LONDON, May 19 (Reuters) - Euro zone government bonds yields rose in early trading on Wednesday, with the benchmark German Bund yield rising to a two-year high as investors increasingly priced in the possibility of the ECB slowing its bond-buying.
Core government bond yields were up by around 3 basis points, while Italy’s 10-year yield was up 5 bps, reaching its highest since September 2020.
The moves follow a big sell-off in euro area government bonds on Monday driven by speculation that the ECB may slow its pandemic emergency bond buying and concerns over Italy’s economic reform path.
(Releads with Eurobond sale, quote and background)
ABUJA, May 18 (Reuters) - Nigeria plans to issue $3 billion or more in Eurobonds as international capital markets (ICM) open up and interest rates decline, the government said on Tuesday, after the coronavirus pandemic disrupted markets last year.
The West African country had planned a Eurobond issue early last year after its sixth sale in 2018, but it decided to defer the 2020 sale due to market turmoil caused by the COVID-19 pandemic.
In April, the head of the debt office told Reuters the government was looking to pick advisers.
“The plan is to raise the sum of $6.183 billion from a combination of sources,” President Muhammadu Buhari said in a letter to parliament seeking approval for the debt raise.