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Negative bond yields spill into Europe's emerging markets

Section: Daily Dispatches

By Tommy Stubbington
Financial Times, London
Thursday, July 11, 2019

In the bizarro world of global debt, even bonds from Europe's emerging markets are spewing out negative yields.

Sky-high bond prices -- long a fact of life in the core of the eurozone's debt markets -- are increasingly spilling into what was once considered risky territory. All of the Czech Republic's euro-denominated debt, for example, now trades at sub-zero yields, which means prices are so high that buyers accept a loss to hold them. Short-dated Hungarian bonds and a growing slice of Poland's debt are following suit, with Warsaw's 10-year yields just fractionally above zero.

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Kinesis Engages Contis to Launch UK, European Debit Card for Its Digital Gold and Silver Currencies

Company Announcement
Tuesday, June 4, 2019

LONDON -- Today Kinesis Money announces the initiation of its U.K. and E.U. debit card program with Contis Group, the award-winning platform as a service that provides end-to-end banking and payments solutions. Kinesis has selected Contis for its European and UK debit card solutions and has officially started developments, scheduled for release in Q4.

The release of these euro- and pound-denominated debit cards will cement Kinesis' position in the market as a formidable global fintech player. The Kinesis debit card will allow Kinesis' clients in the U.K. and Europe to easily and efficiently use their Kinesis currencies to make purchases anywhere that has a merchant facility, as well as withdraw funds via global ATM networks. ...

... For the remainder of the announcement:

Emerging-market investors, who traditionally viewed these markets as their domain, are being forced to look further afield for returns, fueling a debt rally from Croatia to Kazakhstan.

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