Domestic Factors Shape Activity Across Europe

Abbey offered $750 million of five-year 6 3/8% Euro-Asian bonds, which were launched overnight in Asia at 18 basis points over the when-issued Treasury note due February 2002. The bonds were still quoted at Tuesday's close at the reoffer level. A basis point is a hundredth of a percentage point...

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Bibliographic Details
Published inWall Street journal. Europe
Main Author This article was prepared by Robert Fisher, Yasmin Hassany, Stephen Cunningham, Uta Harnischfeger, Henry E. Teitelbaum, Gerrit Wiesmann, Susannah L. Gold, Natsuo Nishio, Jan Lindroth, Paul Meller, Simon Philipse And Robert S. Duncan of Dow Jones
Format Newspaper Article
LanguageEnglish
Published Brussels Dow Jones & Company Inc 26.02.1997
EditionEurope
Subjects
Federal Reserve monetary policy
Government bonds
Housing starts
Interest rates
Prices
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Summary:Abbey offered $750 million of five-year 6 3/8% Euro-Asian bonds, which were launched overnight in Asia at 18 basis points over the when-issued Treasury note due February 2002. The bonds were still quoted at Tuesday's close at the reoffer level. A basis point is a hundredth of a percentage point. The 3.5% issue due December 1998 slipped 0.03 point to 100.07 to yield 3.46%. The 5% issue due 2001 shed 0.07 point to 102.58 to yield 4.35%. The 6% Bund maturing 2007 dropped 0.12 point to 103.44 to yield 5.54%. The 6.25% Bund of 2024 edged down 0.02 point to 98.87 to yield 6.34%. The 5.5% issue due October 2001 added 0.02 point to 104.70 to yield 4.36%. The 5.5% issue of 2007 was unchanged at 100.65 to yield 5.41%. The 6% issue due 2025 climbed 0.04 point to 96.35 to yield 6.28%.
ISSN:0921-9986