(Bloomberg) -- Borrowing costs of banks and
financial companies in Europe including Barclays Plc and Munich
Re rose to the highest since December after a surge in yields on
government securities and a decline in stocks this week.
The yield premium, or spread, that investors demand to hold
subordinated debt of banks and insurers instead of government
bonds increased this week by the most in three months, according
to Merrill Lynch & Co. indexes. The spread on Munich Re's 1.5
billion euros of 5.767 percent bonds due 2049 widened 8 basis
points to 137 basis points since the world's second-biggest
reinsurer issued the securities on June 5.
Read more at Bloomberg Bonds News
financial companies in Europe including Barclays Plc and Munich
Re rose to the highest since December after a surge in yields on
government securities and a decline in stocks this week.
The yield premium, or spread, that investors demand to hold
subordinated debt of banks and insurers instead of government
bonds increased this week by the most in three months, according
to Merrill Lynch & Co. indexes. The spread on Munich Re's 1.5
billion euros of 5.767 percent bonds due 2049 widened 8 basis
points to 137 basis points since the world's second-biggest
reinsurer issued the securities on June 5.
Read more at Bloomberg Bonds News
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