Anglo Asian targets slightly reduced from 2016 production

Azerbaijan-focussed gold, silver and copper producer Anglo Asian Mining was holding its annual general meeting in London on Friday, with CEO Reza Vaziri explaining to investors that he was “very pleased” with the return of the company to profitability in 2016. 

Bonds: Gilts drop as more central banks join queue to tighten

These were the movements in some of the most closely-followed sovereign bond yields: US: 2.27% (+4bp) UK: 1.25% (+10bp) Germany: 0.45% (+8bp) France: 0.81% (+9bp) Canada: 1.69% (+7bp) Spain: 1.53% (+10bp) Italy: 2.15% (+12bp) Portugal: 3.03% (+5bp) Greece: 5.43% (-6bp) Japan: 0.06% (-0bp) Investors continued to push government bond yields higher, especially on this side of the Pond, with longer-term Gilts underperforming versus their peers from among the G-4 economies.