bond yields

Debt has rarely been cheaper, with higher-rated companies paying just a few dozen basis points over government bond yields.

Greece would not have such a problem with higher bond yields if it had not borrowed so much money in the first place.

Some analysts said the rebound might be only a respite from the past week's sharp rise in longer-dated bond yields.

A rise in bond yields is part of a return to more normal market conditions and is nothing to worry about.

Bankers said the pick-up in bond yields had been a big factor in attracting investors.

So that would not, at first sight, seem to suggest that oil money has been driving bond yields up and down.

Greek bond yields fell only slightly and there was a widespread sense that relief may be very short-lived.

On top of that, there have been wild swings in government bond yields, a jump in debt spreads and the continuing decline of the dollar.

Low bond yields affirm that fixed income investors see cash flow as ample to pay the debts of a firm over the next several years.

A year in which Treasury bond yields stay at 2% or below would probably be one in which America at least flirted with recession.

While bond yields are sending off worrying signals about Ireland and Portugal, the euro seems to be focused on other things.

Greek bond yields hit a ten-year high when the government denied reports that it had asked China to help it in funding public debt.

Since the mid-1990s Japanese government bond yields have remained at what used to be thought of as unbelievably low levels.

Its ultra-low bond yields are a sign that the world's investors still think it a good long-term bet.

American stocks and bond yields fell sharply as concerns mounted that the economy might be in for a slowdown.

Ultimately bond yields are going to be driven by expectations about growth and inflation and not the nationality of the holder of the bonds.

So far the purchases have been moderate, not enough to bring Italian bond yields down to where they were before the latest crisis.

If bond yields were to rise, would the Bank of Japan take additional action?

Over the next couple of years the dollar is likely to fall and bond yields rise as investors demand higher compensation for risk.

When bond yields are very low, as they are now, that could signal that it makes sense to pay more for stocks, in search of a higher return.

Bond yields did rise sharply for a while; of late, however, they have been dropping like a rock.

Meanwhile government-bond yields have fallen because central banks seem to spend most of the QE money buying their own country's debt.

Concerns about Italy led to a rapid rise in the country's government-bond yields and a fall in its stockmarket.

"French bond yields have been under pressure all day and then this false statement comes out and sends yields spinning higher. "

All across the developed world, corporate bond yields appear to be discounting defaults on a scale that defies common sense.

Mr Hasenstab's fund is positioning itself for rising interest rates. US bond yields should be "meaningfully higher" , he said.

Interest rates and bond yields are low by historical standards. It ought to be a great chance for companies to expand.

Ten-year Greek bond yields are now over 12%, more than double what they were at the beginning of the year.

And with bond yields now at historic lows, dividend-paying companies are starting to look like reasonable alternatives, some analysts say.

The European Central Bank's purchases of Spanish and Italian sovereign debt continue to take the air out of inflated bond yields.

This year, Alan Greenspan, the Fed chairman, referred to the low level of bond yields as a "conundrum" .

But for now, lower bond yields and a stronger dollar are the route through which American spending will rise to counter European austerity.

More immediately, government bond yields are rising, as are corporate bond spreads. The best of the rally has already passed.

That at least is the tale of the freshly falling dollar, rising gold and plummeting bond yields.

Investors fled riskier assets on the news, sending stocks tumbling, pushing up the price of gold, and lowering U. S. Treasury bond yields.

If it works, the thinking goes, bond yields should fall, the dollar should drop and riskier assets like stocks and commodities should rise.

But the recent rise in bond yields may indicate that this benign scenario is coming to an end.

Judging by the general surge in bond yields of the peripheral countries, it looks less likely.

So it should lay out a strategy for restoring the public finances to calm the markets and forestall a rise in bond yields.

Bond yields last week staged a reversal of what was a relentless climb in November.

Of course, Greece may be able to cut its long-term bond yields if the austerity plan is pushed through.

Most rich countries, including many in the euro zone, have seen their bond yields fall since the start of the year (see chart).

The persistent decline in long- term bond yields in an increasing interest rate environment cannot go on for ever .

Given the drop in equities and bond yields, the only explanation for the divergent move in the currency market is risk aversion.

A poll conducted after the bail-out found just 8% wanting him to stay as prime minister (roughly the same as Irish bond yields at the time).

US data has improved but it is insufficient to provoke a sharp back up in US bond yields.

Bond yields move inversely to prices. The U. S. dollar fell to a near 15-year low against the yen but rose against the euro.

Composite Interest Rate notes should be of interest to investors who prefer bond yields that are more stable than HIBOR .

In a similar vein, some economists believe that persistently low bond yields are explained by a worldwide shortage of safe assets.

At the very least, their bond yields, which have already been rising, would climb further. They might also be pushed towards default.

Indeed, markets don't seem worried at the moment; Treasury-bond yields have fallen over the past month.

Investors are beginning to vote with their feet, driving up Japanese government-bond yields.

Nominal government bond yields are where they have always been: close to zero.

If government bond yields remain low, and companies such as EADS find it easy to raise cash, that should support recovery.

Bond yields rose a bit, as you might expect, but the stock market took a pasting: down went the S&P 500, by 1. 7% (see chart 1).

That's because current bond yields and the increasing insolvency of our rulers are the biggest disconnect in financial markets today.

Irish bond yields fell for a few hours, but were setting new records by the end of November 29th.

Indeed, with the Fed committed to keeping rates close to zero, Treasury-bond yields are astonishingly low by historic standards.

The brief equity rally draws attention back to a four-month-old anomaly in the markets: the divergence between bond yields and equities.

So when Italian and Spanish bond yields jumped up again (see chart right) there was only one institution with the capacity to act: the ECB.

It was the second day of a sharp fall in bond prices and rises in bond yields.

By implication government-bond yields can be forced to extreme levels, too, imposing an excessive funding cost on the countries concerned.

But once this changed, sovereign bond yields began to diverge rapidly.

So far the evidence suggests that it is confidence rather than fear that has pushed bond yields up of late.

The recent leap in Greek bond yields and the pressure on Portugal and Spain suggests that some governments may soon run out of fiscal room.

Stocks and the euro plunged, and 10-year Italian bond yields rose perilously close to their highest levels since the euro's inception.

It is also the lesson to draw from Japan, which combines the world's lowest bond yields with one of its largest public debt stocks.

But the combination of falling government bond yields and rising bank funding costs is still something else to worry about.

If house prices fall as a result of higher bond yields, the American economy could even dip into recession.

The key is to understand why government-bond yields are rising.

Much of those gains came from stock price appreciation: as bond yields rise investors tend to rotate into faster-growing stocks.

The extra demand weighs on bond yields and sets a lower threshold for the cost of credit for businesses and consumers.

Italy's bond yields are still at a worryingly high level. And Europe is still looking for money.

But now that bond yields have fallen so far, the road ahead looks barely trafficable.

In early July, Italian and Spanish bond yields surged and fears grew of a contagion that could hurt banks Europe-wide.

Cooling inflation anxiety has helped push Treasury bond yields lower -- typically another shock absorber in a downturn.

The increase in US bond yields in relative terms points to a firmer USD over the near term.

French bond yields also spiked sharply in a sign that the debt crisis was continuing to spread to larger, top-rated countries.

Nevertheless, the fear that the taxpayer may have to absorb the GSEs' debt pushed Treasury bond yields higher.

The China talks follow recent weakness in the dollar and a surge in bond yields that partly reversed on Friday.

That scenario would make contagion more likely and dangerous, sending bond yields in affected countries soaring and hurting investors.

Portugal's bond yields have already soared higher than at any time since the country joined the euro (see chart).

Investors had driven bond yields to records as they speculated that the European Union will bailout Ireland.

It seems unlikely that the recent situation of rallying stocks, accompanied by flat to declining government-bond yields can continue.

Investment-grade corporate bond yields are still not much off their highs, a sign credit is still tight.

The excessive "convergence" of bond yields over the decade reversed as investors have factored in the risk of sovereign default.

The compression of bond yields over the past decade was another manifestation of the mispricing of risk as investors sought higher returns.

Struggling asset markets mean they build up a smaller pension pot; low bond yields mean the annuity income from that pot is lower.

Many people want America's government to rein in its fiscal deficits and are upset by the fact that government bond yields remain low.

Irish bond yields scaled new euro-era highs, uncomfortably above their levels when a bail-out package was announced in November.

German orthodoxy ignores the possibility that rising bond yields are being driven by a self-fulfilling panic in financial markets.

peripheral-government bond yields shot up and stockmarkets sank on fears that Greeks might reject a rescue plan agreed days earlier.

Bond yields are down, a bit, and activity is heating up, a bit.

The possibility that gyrations in Greek bond yields could be explained by uncertainty about its public finances is, oddly, ignored.

In a "normal" American economy, with 2% inflation and 3% real GDP growth, government-bond yields ought to be around 5%.

Instead the transparent disagreements in Mr Berlusconi's coalition over what to do contributed to a surge in Italian government bond yields.

Portugal's bond yields are already higher than at any time since the country joined the euro (see chart).

This could be driving down long-term bond yields while simultaneously pushing down credit spreads and supporting equities.

On a couple of occasions this year, strong economic data have started to push bond yields higher, allowing the bond bears to claim victory.

Yet Mr Rajoy knows that, with the markets in a euro funk and bond yields at eye-watering highs, mere promises count for little.

The gist is that continued growth prompts central banks into a policy reaction or sends bond yields and inflation expectations up.

There have been crises before, but not even the Great Depression pushed bond yields down this far or this widely.

Rather than falling as the Fed hoped, bond yields surged in the fall, driving up financing costs for businesses and home buyers.

The difference between conventional and index-linked bond yields of the same maturity is roughly equal to expected inflation.

Historically, this has been signalled by the start of a sustained rise in one- and two-year bond yields.

And Japanese prices have been flat or falling for most of the period, so real bond yields have still been positive.

What's more, declining South Korean bond yields are making it harder for the fund to hit its target of a 7% return.

Bond yields may be close to bottoming while crude oil prices are attempting to breakout from a 2-month base.

It is still not clear at what interest rate the SPV will lend, which removes one source of downward pressure on government-bond yields.

However, while bond yields dived borrowing costs between banks jumped, another echo of the global financial crisis.

Don't forget that even today's 2% to 4% bond yields aren't as paltry as they look, because inflation remains close to zero.

That would help send bond yields down and ease debt pressures on Ireland and Portugal.

By removing any expectations of monetary tightening before then, the announcement delivered a powerful downward jolt to bond yields.

Bond yields are the interest rate countries have to pay to fund their debt.

In recent years, bond yields have been at historical low levels, held in check by massive Asian central bank purchases.

When commentators say that some assets look cheap, they tend to use low government-bond yields as their benchmark.

In the short term, that could help keep a lid on bond yields, reflecting the reduced risk of a default.

The increase in bond yields over the past quarter has brought yields back to a reasonable level with US 10-year bonds at around 4%.

But a dismal decade for equities and low bond yields have now sent many companies into deficit.

Bond yields are based on the coupon rate, the price paid and the maturity length of the investment.

Last week's rise in German bond yields signalled that the scenario was being taken more seriously by investors.

As bond yields edged higher recently, several Wall Street banks issued warnings about potentially crippling debt-service costs.

however bond yields in the troubled peripheral states remain fairly flat at the start of the European session.

But if foreign investors are so concerned, why is the dollar's decline not accompanied by a sharp rise in bond yields?

Markets were somewhat reassured this week when Mr Fujii, the finance minister, acknowledged that rising bond yields were indeed a worry.

And the model did not work in 1990s Japan, where sharply falling government-bond yields were no help to the stockmarket.

Bond yields remained lower as investors worried that financial institutions could face further losses in the mortgage market.

The extent of economic stress coupled with lower official government rates is likely to keep bond yields low in the near term.

From this discern that, the dye in the hydrolization neoligans on bond yields in one of two high impact.

And once capital could flow freely, ill-disciplined governments could be punished by higher bond yields.

Irish bond yields reached a euro-era high yesterday after the new Irish government refused to dismiss the idea of debt restructuring.

Italian and Spanish bond yields have subsequently risen casting doubt on their ability to meet their funding needs.

This prompted a rally in US bond yields, which supported the dollar across the board.

Bond yields on other troubled euro-zone economies like Portugal and Ireland also moved higher, and stock markets fell across Europe.

Given that plans always leak, that's a signal to watch for; a sudden rise in German bond yields.

This suggests that higher bond yields for Europe's largest economies may be here to stay.

Default insurance on French, Belgian and Spanish debt leapt above record closing levels Tuesday as bond yields in the region climbed.

In the "normal" state of the world , bond yields sit close to their fair value at , say, 5% .

The Fed's comments paved the way for gold's advance and for Treasury bond yields and the dollar to move decisively lower.

Stockmarket investors should also think carefully before they celebrate too wildly over rising bond yields.

If investors and consumers decide that high inflation is here to stay, bond yields and wage demands will rise.

All of this is occurring against a backdrop of a sinking bond yields which makes matter all the more perverse.

In recent months, as the offshore renminbi deposit base has declined, dim sum bond yields have risen.

At the very least, it should prompt a rethink of safety trades, near-zero cash returns and depressed AAA bond yields.

Already, some economists argue that flat bond yields give only the illusion of market stability.

Bond yields have edged lower lately because growth has slowed to a crawl (see article).

A rising buck socked commodity prices and long-term bond yields have come down.

And, as in recent months, falling oil prices (good for consumers) have been accompanied by rising bond yields (bad).

Critics worry the party's fuzziness on funding will inflate public debt and push up government bond yields.

Recently, bond yields have dropped to very low levels as investors seek low-risk assets during the crisis.

Back in 2005, Italian and Spanish 10-year bond yields dropped to a little over 3 per cent.

Bond yields have jumped sharply in recent weeks amid growing evidence of the resilience of the US economy.

US bond yields are surging and Western central banks, despite growing tension within their ranks, remain in ostrich mode.

Furthermore, bond yields have not displayed their usual historical relationship with short rates.

Bond yields rose after Ireland's bail-out, triggering new promises of more privatisations and tax breaks for small business.

Yet, government bond yields of the peripherals may come under further selling pressure.

That's also the scenario that some worry might await the dollar and U. S. bond yields, should appetite from overseas investors wane.

The relationship between corporate- and government-bond yields isn't straightforward.

Even when both rates are cut, as in the most recent move, that hits government bond yields and hence the banks' treasury returns.

Asian bond yields tend to be much higher than the "risk-free" interest rate on US government debt.

A tense start to the year, as Portuguese bond yields rose, was followed by only a brief period of calm.

In April-May, and again in August, soaring Greek bond yields relative to German Bund yields closely matched the plunging euro.

Unlike equity prices, bond yields mean revert over time, meaning they rise and fall around their historical average.

It's worth noting that UK bond yields bucked the trend versus US bond yields following the release of stronger than expected UK GDP.

One reason why bond yields are low across the euro area is that inflation is under control and expected to stay that way.

The spread on emerging-market bond yields over American Treasury bonds fell to another record low last week.

This caused bond yields to rise around the world, eventually causing Wall Street to crash in October 1987.

The "flight to safety" has already caused Treasury bond yields to fall, cutting the borrowing costs of homebuyers.

Bond yields are the key component of fixed mortgage rates, widely used by US consumers.

The recent jump in government bond yields may or may not prove durable, but it prompts a wider question.

A broad flight to safety also saw marked strengthening of the yen and falls in government bond yields.

This fiscal restraint could curb spending, job growth and inflation -- the biggest drivers of bond yields.

The level of bond yields suggests little worry over the impending Fed departure, and many argue the Fed's exit is priced in.

Low bond yields may be a market signal to "crowd in" public spending.

"But you can reach a point where the gains for risky assets are at risk from rising oil and bond yields. "

But the rise in bond yields and fall of the dollar took on new momentum last week, even as stock markets fell back.

In Switzerland, too, bond yields have dropped to near-vanishing point, and Taiwan and Singapore are not far behind.

Foreign investors would demand higher returns for holding US assets, causing bond yields to steepen.

Adding up what the effect a downgrade would have on bond yields is a bit tricky.

This meant that sudden falls in the equity market, or changes in bond yields, had a big impact on a company's balance-sheet.

The aim of QE is to lower bond yields. This raises the liabilities of pension funds (since it takes more money to deliver the same pension).

Conversely, in Europe, investors are hesitant to buy the debt of the peripheral nations of the eurozone, forcing bond yields to skyrocket.

Anyway, here's the list of stocks Goldman found, screening for dividend yields that surpass bond yields.

As long as bond yields stay low, warnings from ratings agencies can be ignored.

Many investors in shares argue that the low levels of bond yields make stockmarkets look cheap.

Since late November, however, even junk-bond yields have been falling.

But if foreign investors are so concerned, why hasn't the dollar's decline been accompanied by a sharp rise in bond yields?

Bond yields have edged lower lately because growth has slowed to a crawl.

Mr Barrow pointed out that in spite of growing hopes for a global recovery bond yields had remained relatively low.

Lower government-bond yields and deficits win few votes. Nor will Mr Coke's exit. Most gang leaders are still at large.

Recently, when Treasury-bond yields moved higher, so did interest rates most big companies pay to borrow.

Rising bond yields can themselves stoke worries about a country's ability to service its debt.

A surge in bond yields infects other countries in a similar (if less urgent) bind.

Much of this has been invested in US Treasuries, keeping a lid on US bond yields.

However, the current level of valuation in the bond market is unattractive as real interest rates (bond yields less inflation) are negative.

The convergence of government-bond yields that was spurred by the euro's launch has thus been sharply reversed.

While central banks will still be reluctant to raise rates, rising bond yields will force them to do so.

Traders said rising bond yields and resurgent crude oil prices might give the market some headwinds.

The recent rise in bond yields could be a first step in that reckoning.

WHAT are the implications of rising bond yields for equity markets?

Declining South Korea bond yields impeded NPS's opportunities to invest at home.

Low bond yields should comfort central banks: they are the main channel by which they hope to stimulate demand.

Higher bond yields have other consequences that might not be quite so welcome.

Before bed each night in Birmingham, one senior Clegg aide checked ten-year government bond yields.

If bond yields are not to soar as a result, governments will need plausible plans to cut their deficits in the medium term.

Bond yields for Europe's periphery remain worryingly high despite the bail-outs of Greece and Ireland.

These shifts all push government-bond yields up, but they are a cause for cheer rather than gloom.

But with its ten-year bond yields at 6%, investors can smell fear.

If Mr Bowers is right, low government-bond yields could lose their appeal and equities could rebound.

The authors conclude that the low bond yields caused by newly emerging savings gluts drove the crazy lending whose results we now see.

Then, the data on the US economy were decent, always a reason for bond yields to go up.

That strategy could gain in appeal if big government deficits start to press bond yields higher.

Such historically low bond yields might seem a very bad bargain indeed.

The obvious example is in Greece, where ten-year bond yields reached 7% late last month.

Japan lost its triple A rating long ago and has national debt well in excess of 200% of GDP but its bond yields remain extremely low.

So are America's, which is why bond yields will remain low in what is still, for the time being, the world's biggest economy.

US, German and UK government bond yields all moved away from multi-decade lows.

Government-bond yields are being held artificially low by central-bank actions.

Low government bond yields are not, then, a signal that governments should borrow more.

This uncertainty is reflected in the spread of corporate bond yields over US treasuries.

At the same time, the dollar has weakened sharply, while government bond yields have gently increased but stayed low and stable.

Disillusionment came in 2000-02. Bond yields fell sharply, but this was not good news for shares.

Bonds also face problems. As inflation rises, so do bond yields, driving prices lower.

NEWS bulletins feature the stockmarket's daily movements or the rise and fall of European government-bond yields.

Italian and Spanish bond yields remained above 6%, a threshold many analysts think is unsustainable.

They have been driven by falling government-bond yields (see chart 3) more than by rising corporate rates.

Contagion is already spreading as shown by yesterday's sharp rise in Italian bond yields.

Short-term bond yields are driven by expectations about the outlook for official interest rates.

Though bond yields subsequently fell back, the debt crisis has clearly entered a new phase.

Stock prices are higher and corporate-bond yields lower, which helped growth.

We expect bond yields to range trade over the coming few months.

Bond yields fell as people rushed to Treasurys for safety amid the European debt crisis.

If they see signs business is slowing, they demand higher returns, and thus higher bond yields.

That belief could keep benchmark bond yields from falling further after hitting 14-month lows last week, traders said.

Yet within a couple of days Greek bond yields were on the rise again.

Investors turned off by paltry bond yields and the mercurial stock market are intrigued.

Traders reported heavy swap activity last week as bond yields cracked new highs.

With Italian bond yields soaring, the European Central Bank was forced to step in.

The financial world is obsessed with stock market gyrations and bond yields.

US bond yields and the dollar hardly moved on Monday after the latest breakdown in talks on raising the country's debt limit.

Debt auctions and bond yields are likely to dominate this week.

Government-bond yields are falling fast, as banks that still have cash seek safety.

That has pushed Treasury yields to their lowest level this year. Bond yields fall as demand increases.

This could force bond yields higher, but lower the attractions of equities.

Earlier, Spanish bond yields hit their highest level since 1997 at a 10-year auction, while a French bond auction also drew high yields.

Spanish bond yields are also lower today, which always helps to calm the market.

Although the gold price fell and bond yields rose in October, the underlying contradiction didn't disappear.

All of this soothed the bond market. Low bond yields help the Fed for now.

The dollar rallied 1. 7 per cent against the Japanese yen. US government bond yields had edged higher at midday in New York.

The phenomenon doesn't feed easily into stock valuations, bond yields or gross domestic product figures.