Greece Bond Markets

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

Prime Minister Alexis Tsipras said Saturday that Greece will return to the bond markets in 2017, seven years after losing access to the markets due to its debt crisis.

State Bank of India (SBI) may delay an overseas bond issuance programme worth $1.5 billion due to volatility in foreign market as a result of the Greek debt crisis.

Shares fell, the euro stumbled and yields on weaker Eurozone economies' bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

European bonds and stocks traded cautiously on Friday before a Greek referendum on European Union-prescribed reforms that could determine the country's future in the Eurozone and which polls suggest could go either way.

Global shares and peripheral Eurozone bonds jumped on Wednesday as Greek Prime Minister Alexis Tsipras signalled he was prepared to accept the bulk of the spending cuts demanded by the rest of the Eurozone to keep his country afloat.

Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down while safe haven assets received a boost as investors nervously awaited further developments in the deepening Eurozone crisis.

European shares sank almost 4 per cent and government bond yields in Italy, Spain and Portugal jumped on Monday as investors priced in a growing risk that Greece will be the first country to leave the euro.

German government bonds yields edged lower in a sign of caution that the sometimes acrimonious stand-off between debt-stricken Greece and its creditors could still prove hard to resolve.

Global stocks, the euro and peripheral euro zone bonds all rose on Monday, lifted by a wave of optimism that Greece and its international creditors will strike a last-minute deal that will see Athens avert default.

Global financial markets suffered their first bout of significant contagion from the Greek crisis this year on Monday after 11th hour talks between the near bankrupt country and its creditors collapsed.

China stocks advanced after a week of roller-coaster action. Shanghai added 0.7 per cent and cleared the 5,000-point barrier for the first time since early 2008, while the CSI300 gained 0.3 per cent.

China's interest rate cut kept shares worldwide near record highs on Monday, though Eurozone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greece's financing woes.

The Greek news and US interest rate outlook soothed global bond market sentiment, too

Wall Street stocks rose. The Dow Jones industrial average gained 92.35 points, or 0.51 per cent, to 18,209.19, the S&P 500 gained 5.82 points, or 0.28 per cent, to 2,115.48 and the Nasdaq Composite added 7.15 points, or 0.14 per cent, to 4,968.12.

The fear is that India may tread the well-worn paths of other developing countries such as Argentina and Greece who were saddled with sizable foreign borrowings after they failed to balance their budgets.

Prime Minister Alexis Tsipras said Saturday that Greece will return to the bond markets in 2017, seven years after losing access to the markets due to its debt crisis.

State Bank of India (SBI) may delay an overseas bond issuance programme worth $1.5 billion due to volatility in foreign market as a result of the Greek debt crisis.

Shares fell, the euro stumbled and yields on weaker Eurozone economies' bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

European bonds and stocks traded cautiously on Friday before a Greek referendum on European Union-prescribed reforms that could determine the country's future in the Eurozone and which polls suggest could go either way.

Global shares and peripheral Eurozone bonds jumped on Wednesday as Greek Prime Minister Alexis Tsipras signalled he was prepared to accept the bulk of the spending cuts demanded by the rest of the Eurozone to keep his country afloat.

Asian shares held near five-month lows on Tuesday after Chinese stocks took another leg down while safe haven assets received a boost as investors nervously awaited further developments in the deepening Eurozone crisis.

European shares sank almost 4 per cent and government bond yields in Italy, Spain and Portugal jumped on Monday as investors priced in a growing risk that Greece will be the first country to leave the euro.

German government bonds yields edged lower in a sign of caution that the sometimes acrimonious stand-off between debt-stricken Greece and its creditors could still prove hard to resolve.

Global stocks, the euro and peripheral euro zone bonds all rose on Monday, lifted by a wave of optimism that Greece and its international creditors will strike a last-minute deal that will see Athens avert default.

Global financial markets suffered their first bout of significant contagion from the Greek crisis this year on Monday after 11th hour talks between the near bankrupt country and its creditors collapsed.

China stocks advanced after a week of roller-coaster action. Shanghai added 0.7 per cent and cleared the 5,000-point barrier for the first time since early 2008, while the CSI300 gained 0.3 per cent.

China's interest rate cut kept shares worldwide near record highs on Monday, though Eurozone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greece's financing woes.

The Greek news and US interest rate outlook soothed global bond market sentiment, too

Wall Street stocks rose. The Dow Jones industrial average gained 92.35 points, or 0.51 per cent, to 18,209.19, the S&P 500 gained 5.82 points, or 0.28 per cent, to 2,115.48 and the Nasdaq Composite added 7.15 points, or 0.14 per cent, to 4,968.12.