Tag: bonds

Accounts failing to inflation-proof savings

Accounts failing to inflation-proof savings

Research by comparison site Moneyfacts has found that there is not one single savings account currently available that will completely protect taxpayersa�� savings from the effects of tax and inflation. The latest figures show that inflation fell slightly in November, from 5.0 per cent to 4.8 per cent, on the Consumer Prices Index. This means […]

December 16, 2011 More
Italy to vote on austerity measures to reduce debt

Italy to vote on austerity measures to reduce debt

In order to avoid a bailout, the Italian senate is set to vote on austerity measures, which proposes cuts of a��48 billion (A?42 billion) over the next three years. The countrya��s Finance Minister, Giulio Tremonti, is aiming to cut the deficit to zero by 2014 from this year’s 3.9% of GDP. Mr Tremonti said the […]

July 14, 2011 More
Greek yields up on Wolfgang Schaeuble comments

Greek yields up on Wolfgang Schaeuble comments

Germanya��s Finance Minister, Wolfgang Schaeuble, has said Greece is at a�?riska�? of default if funds are not provided soon. In a letter dated 6 June to the European Central Bank and the International Monetary Fund (IMF), the Minister said a new package was required as the current one is “insufficient”. “A return by Greece to […]

June 8, 2011 More
S&P cuts Greek credit rating by two notches

S&P cuts Greek credit rating by two notches

Rating agency Standard & Poor’s (S&P) has today downgraded Greece’s credit rating by two levels from BB- to B a�� the fourth cut by S&P since April 2010. The yield on Greek 10-year bonds surged to 15.7% – more than double the level of a year ago when the country was forced to accept an […]

May 10, 2011 More
Portugal succeeds in raising A?1 billion in bond sale

Portugal succeeds in raising A?1 billion in bond sale

Portugal has today raised A?1 billion via the sale of bonds, although analysts say this does not mark the end of the countrya��s problems. Portugal was successful in borrowing a��1.25 billion via a bond auction but fears remain that the debt-ridden country may still require an emergency bailout from the EU – something which Prime […]

January 12, 2011 More
EU dismisses reports of Portugal seeking bailout

EU dismisses reports of Portugal seeking bailout

Speculation has been mounting that Portugal is under pressure to seek a bailout from the EU rescue fund a�� however, the country continues to strongly deny the claims. European Commission President, Jose Manuel Barroso, has today also denied reports that the country is looking for a financial rescue package. Mr Barroso said the reports were […]

November 26, 2010 More
Portuguese strikes bring country to a standstill, fears for Spain grow

Portuguese strikes bring country to a standstill, fears for Spain grow

Portugal came to a standstill today after its biggest strike in more than 20 years as workers protested against the Governmenta��s austerity measures. The Government has introduced massive spending cuts and tax hikes, which are currently being pushed through parliament. They are aimed at bringing the budget deficit down to 4.6% next year, from the […]

November 24, 2010 More
Ireland to outline its four-year austerity package

Ireland to outline its four-year austerity package

Ireland will become the latest euro zone nation to unveil unpopular austerity measures, in a move designed to bring down the countrya��s budget deficit. Many other nations have introduced similar measures but they are likely to cause protests and trade unions have already warned of a�?civil unresta�?. Ireland is aiming to save a��15 billion (A?13 […]

Market jitters as Ireland debt crisis worsens

Market jitters as Ireland debt crisis worsens

The former “Celtic Tiger” economy is sending jitters throughout the euro zone today after borrowing costs surged to record highs. Rumours of financial aid for the economy increased and come just months after Greecea��s debt crisis. However, claims that Ireland will have to turn to the EU rescue fund have been denied but developments are […]

November 11, 2010 More
Yorkshire’s new bonds pay up to 4.6%

Yorkshire’s new bonds pay up to 4.6%

Yorkshire Building Society has announced a new range of fixed-rate bonds paying interest at up to 4.6% gross/AER. Customers can choose between two year, three year and five year options. Interest is paid at 3.56% on the two year bond, 4.11% on the three year bond, and 4.6% on the five year bond. Savers can […]

Savers struggle to find decent rates

Savers struggle to find decent rates

Savers are finding it increasingly difficult to get a good return on their money, and many are opting to pay off debt rather than keep their savings in a bank account, Moneynet.co.uk has claimed. Andrew Hagger, spokesperson for the price comparison site, said at least a dozen best-buy savings deals have disappeared from the market […]

Credit rating agencies to be investigated after euro zone downgrades

Credit rating agencies to be investigated after euro zone downgrades

Michel Barnier, the European Internal Markets Commissioner, has pledged to investigate credit rating agencies after a series of downgrades to Greecea��s debt. Mr Barnier told the European Parliament he had been surprised by the rapid deterioration of Greece’s rating. Last week, Greece became the first euro zone nation to have its debt downgraded to a�?junka�? […]

Fears over Greek rescue deal sends euro down

Fears over Greek rescue deal sends euro down

Investors continue to lose confidence in the euro after it fell further yesterday on fears over its rescue deal. The euro was down by more than a cent (1%) against the US dollar, at $1.3376, while it lost half a penny against the pound to 87.820p. The risk premium on Greek bonds also increased greatly. […]

High inflation gnaws at savings

High inflation gnaws at savings

High inflation continues to diminish the value of money put aside into savings accounts, a financial expert has claimed. Michelle Slade of Moneyfacts.co.uk said that with the Consumer Price Index at 3%, basic rate taxpayers need to find a savings account paying 3.75% interest to ensure their savings pot retains its full value. However, only […]

Fitch Ratings downgrades Portugal’s sovereign debt

Fitch Ratings downgrades Portugal’s sovereign debt

Santander launches fixed-rate bonds

Santander launches fixed-rate bonds

Santander’s high street banks have launched a range of new fixed-rate bonds paying interest at up to 4.1%. The bonds, available through Abbey, Bradford & Bingley, and Alliance & Leicester, can be opened by new and existing customers with a minimum deposit of A?1. The one year bond pays interest at 2.5% gross per annum/AER […]

Best fixed-rate bonds disappearing fast

Best fixed-rate bonds disappearing fast

The best fixed-rate bank accounts are fast disappearing from the shelves of high street banks and building societies, research by Moneynet has discovered. Keeping a watchful eye, Moneynet saw top deals from the Post Office, Melton Mowbray, Principality, Cahoot, Britannia, the Co-operative Bank, and Skipton Building Society disappear – some of them only days after […]

NS&I hopes to attract more savers as it raises rates

NS&I hopes to attract more savers as it raises rates

Government-backed National Savings & Investments (NS&I), which runs Premium Bonds and a variety of savings products, has unveiled a rise in the interest rates on some of its policies. The news will be welcomed by savers who have been suffering amid the historically low interest rate environment. NS&I said rates on its guaranteed growth bonds […]

Yorkshire Building Society launches 5.3% bond

Yorkshire Building Society launches 5.3% bond

Yorkshire Building Society has launched a new five-year fixed-rate savings bond paying interest at 5.3% gross/AER. The building society also launched a three-year bond paying a fixed-rate of 4.65% gross/AER. Both bonds require a minimum investment of A?100 and can be opened in branch, over the telephone, or online. Financial advice site Moneyfacts.co.uk said the […]

Nationwide boosts bond rates

Nationwide boosts bond rates

Nationwide has increased the interest rates on a range of its one-year savings bonds. The building society now pays interest at up to 4.25% on the bonds. Savers with a one year fixed-rate bond or e-Bond will now be paid 3.25% interest for balances above A?10,000, and 3% for balances below A?10,000. Meanwhile, customers with […]