Brazil’s central bank said on Wednesday it will hold an auction to buy U.S. dollars on the spot foreign exchange market as part of an ongoing effort to build up international reserves.
The Brazilian currency, the real (BRBY: Quote, Profile, Research, was 0.31 percent stronger at 1.944 per dollar after the announcement. The real has traded […]

The Bank of Italy said its auction of seven-year treasury certificates (CCTs) was 79.34 pct oversubscribed, while the yield was up from the previous auction.
The bank received 3.587 bln eur of bids for the 2.000 bln on offer, while the yield rose to 4.25 pct from 4.14 previously, the bank said.
The price established was 101.04, […]

The UK’’s Debt Management Office said it has scheduled seven gilt auctions for the July to September period this year.
In its quarterly meeting with gilt market participants, the DMO agreed to hold four auctions for conventional gilts and three for index-linked gilts.
The conventional auctions will be held on July 3, Aug 9, Sept 11 and […]

U.S. government bond prices were steady at lower levels on Tuesday after a mixed reception to an $18 billion auction of new two-year notes.
The auction fetched a bid-to-cover ratio, a gauge of overall demand, of 2.53, below the 2.93 at April’s auction but above the 2006 average of 2.41.
The indirect bids which encompass demand from […]

Greece has accepted 1.92 bln eur out of a total of 6.38 bln eur in bids for its reissued five-year bond auction, the Greek Public Debt Management Agency said.
The five-year bonds have a fixed coupon of 4.1 pct and expire on August 20, 2012.
The weighted average yield came in at 4.41 pct, and the weighted […]

Ofcom is reported to have decided to postpone an auction of spare 3G spectrum until 2008 following lobbying from existing licensees. The auction is understood to have been due later this year and was expected to raise as much as GBP2 billion (USD4 billion) for the government. The watchdog acknowledged that the ‘wide range of […]

A group led by Royal Bank of Scotland has outlined a proposed offer for ABN Amro which values the Dutch bank at 71.1bn euros ($95.6bn; £48.2bn).
It is a rival to the all-share agreed offer from Barclays Bank, which is currently valued at 63bn euros.
The interest from the consortium, which includes Belgium’s Fortis and Banco Santander […]

German-based Deutsche AG Bank’s arm in Singapore has entered into a deal with a Vietnamese state-run bank MHB to offer consulting services for the local bank’s share auction set for this year.
Under the deal signed last Friday, Deutsche Bank AG Singapore and its sub-contractors will consult MHB – the Housing Bank of Mekong Delta – […]

The Treasury’s schedule of financing this week included today’s regular weekly auction of new three- and six-month bills and an auction of four-week bills tomorrow.
At the close of the New York cash market on Friday, the rate on the outstanding three-month bill was at 4.86 percent, on the six-month issue 4.96 percent, and on the […]

Gilt prices today (May 24, 2007) dropped following heavy selling ahead of auction.
The Indian gilt remained under the pressure of heavy selling as investors preferred to raise cash in advance of bond auction.
The apex bank will sell `7.38% Government Stock 2015` for Rs 50 billion and `8.35% Government Stock 2022` for Rs 30 […]