Copyright © 2021 Times of Malta. Rizzo, Farrugia & Co. (Stockbrokers) Ltd, ‘Rizzo Farrugia’, is a member of the Malta Stock Exchange and licensed by the Malta Financial Services Authority. In view of this, Rizzo Farrugia & Co have launched “The Rizzo Farrugia Malta Government Stock Index”, also referred to as the “Rizzo Farrugia MGS Index”. Rizzo, Farrugia & Co. (Stockbrokers) Ltd, ‘Rizzo Farrugia’, is a member of the Malta Stock Exchange and licensed by the Malta Financial Services Authority. © 2019 Rizzo, Farrugia & Co. (Stockbrokers) Ltd. All rights reserved. Past performance is not necessarily indicative of future results. Google Chrome Support Times of Malta for the price of a coffee. Some investors may wonder what caused such strong volatility in the bond market once again in recent weeks. DOWNLOAD. All rights reserved. BOV114. In fact, the 10-year German benchmark bund yield currently stands at around -0.37 per cent after dropping to a low of -0.74 per cent and the yield on the 30-year German bund is back in positive territory (+0.12 per cent) compared to the low of -0.31 per cent in August. Rizzo, Farrugia & Co. (Stockbrokers) Ltd, “RFC”, is a member of the Malta Stock Exchange and licensed by the Malta Financial Services Authority. Malta Government Stocks (MGSs) are interest-bearing securities with varying maturities that pay interest on a semi-annual basis and are issued by the Government of Malta. On the other hand, inflation remained subdued with an inflation rate stuck at the 0.7 per cent level which is well below the ECB’s target of close to two per cent. Moreover, the European Central Bank restarted its bond-buying programme earlier this month, and there is little prospect of an interest rate rise in the eurozone for several years. The 7.8 per cent MGS 2018 (I) suffered a drop of 992 basis points from its recent high of 133.83 per cent to 123.91 per cent. At present, I am specialising in research analysis at Rizzo Farrugia & Co (Stockbrokers). It has not been disclosed to the issuer/s herein mentioned before its publication. Curmi & Partners Ltd. | 1,553 followers on LinkedIn. DOWNLOAD. Despite the recent rise in yields, these are still very low by historic standards with the 10-year eurozone benchmark level at around the three per cent level compared to a level of over 4.50 per cent in 2007 and 2008. This report has been prepared in accordance with legal requirements. This report has been prepared in accordance with legal requirements. Google Chrome Address (HQ): Airways House Third Floor High Street, Sliema SLM 15, Malta ... Who's who in Government 2020 . View Leonard Caruana’s profile on LinkedIn, the world’s largest professional community. Providing our clients with independent, wealth management solutions that are customised to their individual investment profiles and their appetite for risk. We recently published a revised version of our, Since early October, MGS prices eased somewhat as eurozone yields recovered from their all-time lows. Due to the various important developments taking place across international financial markets which directly impact bond yields, MGS prices are likely to remain volatile in the near term following the strong performance in 2019. The price of the 2.4 per cent MGS 2041 continued to climb since then reaching an all-time high of 134.56 per cent on October 4 which represented a gain of just under 26 percentage points since the start of the year. Likewise, in the UK, although movements in Treasuries were overshadowed by the fluid situation related to Brexit, it is indeed remarkable to note the swing in the 10-year UK Treasury yield which from a 2019 high of 1.38 per cent in mid-January dropped all the way to 0.34 per cent in early September before rebounding to 0.7 per cent. Stock markets are volatile and subject to fluctuations which cannot be reasonably foreseen. In this respect, it is also worth highlighting the recent comments expressed by Mario Draghi who, in his farewell remarks before Christine Lagarde took over the presidency of the ECB, urged that “a more active fiscal policy in the euro area would make it possible to adjust our policies more quickly and lead to higher interest rates”. Independent journalism costs money. The decline in sovereign bond prices across the developed capital markets was driven by reassuring developments on various fronts, the most notable being the trade impasse between the US and China, Brexit and an improvement in economic data in certain economies. Government Stocks; Trading Symbol Volume Traded Value Traded Trades High Price Low … DOWNLOAD. Over the years, the firm has built a substantial knowledge base through the members of its professional staff. or The 30-year German bund had dropped to a record negative yield of -0.31 per cent in mid-August. In fact, last month the Treasury attracted €146.45 million from retail investors for the two recent MGS offerings. Show more. However, following the slight improvement in investor sentiment, the amount of bonds producing negative yields declined to $12.5 trillion clearly showing the fast manner in which yields began to recover and prices declined. Our experience, reputation, market knowledge and excellent working relationship with the regulators and industry professionals allow us to provide this service However, after rising to its recent high in the summer months, the Index has since declined by 2.8 per cent as international sovereign bond prices dropped and yields recovered strongly from their lows. 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