Tim Skeet, managing director of financial institutions at RBS, discusses European peripheral bonds and explains why he remains a "supporter" of these markets.» Read More
ATHENS, Greece— Greece won praise Friday from German Chancellor Angela Merkel— the lead advocate of eurozone austerity— for its painful economic turnaround and successful return to markets. "Greece has honored its pledges," Merkel said at a news conference with Greek Prime Minister Antonis Samaras in Athens.
Yianos Kontopoulos, group CIO of Eurobank Ergasias, says the Greek economy is improving after the country made a strong return to the bond market.
*Nikkei sinks through major chart support, much of Asia in the red. SYDNEY, April 11- Japanese shares sank to six-month lows on Friday as an escalating selloff on Wall Street spread to Asia and slugged markets that had been fairly resilient up to now.
SYDNEY, April 11- Japanese shares are set to open sharply lower on Friday after Wall Street took a fresh tumble in what is increasingly looking like a major portfolio shift from equities to bonds, emerging markets and, to a lesser extent, gold.
CNBC's Tyler Mathisen reports a huge car bomb went off outside of the Greek Central Bank as the country priced its new bond.
CNBC's Michelle Caruso-Cabrera on the huge demand for Greece's new bond. There was 20 billion worth of euros of demand.
Petros Christodoulou, deputy CEO at the National bank of Greece and former head of the Greek Public Debt Management Agency, says the successful bond auction shows that "effort and pain" is paying off.
At first glance Greece may not look promising, but investors are gaining appetite for its debt.
*Greece makes successful return to bond markets. LONDON, April 10- Greece's much-heralded return to the bond market buoyed euro zone debt on Thursday, outperforming flat equity markets as gains driven by easing U.S. interest rate concerns fizzled out.
*Greece returns to bond markets, ends four-year exile. *Greece sees sale as first step to end austerity, bailout.
For the first time in four years, Greece is about to return to the markets with a new 5-year note that offers a 4.95% yield, reports CNBC's Michelle Caruso-Cabrera.
Greece saw huge demand for a new five-year bond it is set to sell at a yield of 4.95 percent, its first long-term issuance for four years.
ATHENS, April 10- Swiss cement producer Holcim's plans to merge with French peer Lafarge and create the world's biggest cement maker will be subject to an extensive review, the European Union's antitrust chief said on Thursday.
*Financial markets take soft China data in stride. LONDON, April 10- Equities rose on Thursday as markets took heart from minutes of the Federal Reserve's March meeting, which suggested U.S. policymakers would be more cautious about raising interest rates than some had expected.
The sale is a milestone for Greece. Greece has been relying on funds from international bailouts since May 2010— in return for which it has imposed a series of deeply unpopular spending cuts and tax hikes. The bond issue came a day before German Chancellor Angela Merkel was expected in Athens on a brief visit to meet with Samaras.
Nicholas Spiro, managing director at Spiro Sovereign Strategy, says the rally in southern European bonds, Greece especially, is "the stuff of fiction" and proves sentiment is disconnected from fundamentals.
CNBC's Michelle Caruso-Cabrera reports Greece's debt is now higher than before its restructuring. The new Greek bond has demand for 11 billion euros worth of bonds.
There's expected to be strong demand for Greece's debt offering, reports CNBC's Michelle Caruso-Cabrera.
Philip Tyson, rates strategist at ICAP, says the Greek 5-year bonds auction on Thursday should have "pretty solid" demand but highlights that longer-term, there are still some "big question marks" over Greece.
LONDON/ ATHENS, April 9- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year issue, three sources said on Thursday.