© Reuters. Rupee Tumbles on Worries RBI’s Bond Plan May Add to Money Glut (Bloomberg) — The Indian rupee tumbled to the lowest in more than four months, with some analysts saying the central bank’s formal plan to buy bonds will add to a liquidity glut. The fell asRead More →
© Reuters. By Bharath ManjeshR and Fergal Smith BENGALURU/TORONTO (Reuters) – Canadian companies went on a debt binge as the COVID-19 crisis slammed the economy, with Canada Inc rushing to the bond market at the heaviest pace in at least a decade. Corporate bond issuance in Canada between January andRead More →
© Reuters. Treasuries Lead Global Bond Rally With Rate-Cut Bets Mounting (Bloomberg) — Treasuries gained for a sixth day, leading a bond rally from Australia to Japan as investors increasingly bet on central banks easing to cope with the global impact of the coronavirus outbreak. Yields on Treasuries sank fourRead More →
U.S. Treasury yields extended their weeklong slump on Friday as investors worried that the economic impact of COVID-19 may not be contained to China, and is spilling over into neighboring regions. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, -3.50% fell 5.4 basis points to a more thanRead More →
Long-dated U.S. Treasury yields edged higher Friday after the U.S. Treasury Department announced plans, as had been expected, to issue a 20-year nominal coupon bond in the first half of 2020 to finance a ballooning federal deficit that is nearing 5% of gross domestic product. However, yields have been little-changedRead More →
CHICAGO (Reuters) – Chicago will gain $40 million in additional upfront savings from a bigger bond refunding aimed at plugging a huge hole in the current budget, the mayor’s office announced on Tuesday. A planned $1.26 billion refunding this week of outstanding debt was increased to $1.47 billion to accommodateRead More →
(Bloomberg) — While many expect the Federal Reserve’s Wednesday decision on rates to be a snooze for markets, strategists at Bank of America Corp (NYSE:). are nonetheless mulling surprises that could stir up bond prices. They see an outside chance that the Federal Open Market Committee’s updated dot plot willRead More →
Cannabis stocks were mostly lower Monday, with Aurora Cannabis slumping after the company carried out a convertible debt swap that is highly dilutive for its shareholders. Aurora stock ACB, -5.93% ACB, -4.89% fell 3.7% after it set the early conversion price for C$230 million ($173 million) of 5% convertible bondsRead More →
James Bond or Homer Simpson? Brits split over Brexit are even more divided on how they view their colorful prime minister, latest research shows. If Boris Johnson were a fictional character, supporters who backed the U.K. leaving the European Union see him as James Bond, according to a report byRead More →
A report by the U.S. National Bureau of Economic Research found that about 30% of all bond mutual funds contain riskier holdings than what is being reflected by Morningstar, Inc, a large, third-party research service that aims to help investors vet these funds and their performance. The report warns thatRead More →
Utility companies reliant on coal-fired power plants may be starting to get a cold shoulder from corporate debt investors as the risks around rapid climate change come to the fore. If attitudes against coal energy shift in Washington D.C., the worry is electricity providers may suffer unanticipated write-downs if forcedRead More →
© Reuters. FILE PHOTO: A sign is displayed on the Morgan Stanley building in New York (Reuters) – Morgan Stanley (N:) beat estimates for quarterly profit on Thursday, buoyed by higher revenue from bond trading and M&A advisory fees, sending its shares up 4% in premarket trading. The results wrappedRead More →
© Reuters. Relief Seen for Natural Gas Bottlenecks: Canada Bond Update (Bloomberg) — Canada’s battered market could be looking at some relief as TC Energy Corp. expands pipeline capacity and stockpiles remain low in Alberta at the start of heating season, according to Craig Nieboer, chief financial officer of producerRead More →
PepsiCo Inc. has priced its first-ever green bond, designating the proceeds from the $1 billion offering to help cut virgin-plastic use and replenish the water it consumes in making sodas and snacks. With the announcement, the company PEP, -0.80% said it has named executive Simon Lowden as its firstRead More →
What if they gave a party for highest interest rates and no one came? That in effect is the question facing retirees who have invested in, or are considering investing in—bond funds that are hedged against higher interest rates. I wrote about these funds before, at a time when theRead More →
Marathon Asset Management CEO Bruce Richards said government bond yields trading at negative levels “is the most absurd thing central banks have done and it will blow up in their face,” at the CNBC Institutional Investor Delivering Alpha conference on Thursday. Ultra-loose monetary policy by major central banks including, theRead More →
By Hideyuki Sano TOKYO (Reuters) – Asian stock markets held firm and bond yields rose on Wednesday as hopes of diminishing U.S.-China tensions and reduced risk of no-deal Brexit prompted investors to take profit in risk-off trade ahead of key central bank policy meetings. In early trade, MSCI’s broadest indexRead More →
© Reuters. FILE PHOTO: The German share price index DAX graph at the stock exchange in Frankfurt By Karin Strohecker LONDON (Reuters) – Global bond yields rose on Monday, amid growing caution over the extent to which the European Central Bank will add stimulus to boost an ailing economy thisRead More →
By at least one measure, uncertainty building up in the global economy is at its highest since around 2016, even as stock-market indexes remain relatively close to their all-time highs following a series of violent trading sessions over the past week. The Baker, Bloom & Davis Economic Policy Uncertainty IndexRead More →
Getty Images U.S. Treasury Secretary Steven Mnuchin Treasury Secretary Steven Mnuchin said the U.S. is considering issuing ultra-long bonds and said the government wasn’t soon about to embark on a plan to weaken the U.S. dollar. In an interview with Bloomberg News, Mnuchin said the Treasury could issue bonds withRead More →
By Hideyuki Sano TOKYO (Reuters) – Global bond yields flirted with record low levels while stocks struggled to recover on Thursday as economic turbulence from intensifying U.S-China frictions and the specter of a no-deal Brexit drove investors to safer harbors. MSCI’s broadest index of Asia-Pacific shares outside Japan was flatRead More →
© Reuters. Passersby are reflected on a stock quotation board outside a brokerage in Tokyo By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks rose in step with their global peers while safe-haven bonds retreated on Tuesday, as signs Sino-U.S. trade hostilities might be easing for now helped restore investor confidenceRead More →
© Reuters. People walk past an electronic board showing Japan’s Nikkei average outside a brokerage in Tokyo By Wayne Cole SYDNEY (Reuters) – Asian shares sank on Monday as the latest salvos in the Sino-U.S. trade war shook confidence in the world economy and sent investors steaming to the safeRead More →
The bond market sent a warning, and this time the stock market listened. Investors will be looking for clues in the week ahead that policy makers are listening, too. The yield on the 10-year U.S. Treasury note on Wednesday briefly traded below the yield on the 2-year note, marking anRead More →
The yield curve has inverted, and that’s vital information for the Fed. This week’s main event takes place on Friday, when Federal Reserve Chairman Jerome Powell kicks off the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyo. Financial markets will be listening closely for hints about the near-termRead More →
