government debt

The euro has slipped to an 11-year low against the Japanese yen as Spanish debt woes continue to weigh on the single currency.

European equity markets have slumped in afternoon trading as Spanish 10-year bond yields approach record highs once again.

Corporate credit fund manager Muzinich & Co. is preparing for a buying opportunity in the European high yield sector if Spain suffers further sovereign downgrades.

PIMCO's Bill Gross has said US debt to GDP could accelerate towards 800% over the next five years if all actual liabilities are taken into account.

Fidelity's Ian Spreadbury has said he is short German interest rate risk in the view that the eventual move towards a 'eurobond' solution will cause yields to rise.

Berlin is to sell up to €5bn of two-year Schatz notes (treasury notes) at auction today with a 0% coupon, as investors' flight to safety gathers pace and heightens 'market dislocation'.

Franklin Templeton Investments' Michael Hasenstab has boosted exposure to Hungary in the $60bn Templeton Global Bond fund, meaning the overall company is likely to hold more than 10% of the country's government debt.

Eurozone finance ministers have signed off a second bailout for Greece, paving the way for the first €130bn package this month that aims to finance the country until 2014.

The government received more income than it spent in January, posting the highest surplus for four years following a drive to cut public spending.

Barings' multi-asset team has bought £350m in Italian government bonds in the expectation European banks will use the ECB's Long Term Recovery Organisation (LTRO) to buy government debt.