Category: bond
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Trump’s economic plans face ‘highly unusual’ bond market as national debt continues to balloon
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Donald Trump is used to managing debt. But not like this. As a real estate developer, Trump relied heavily on borrowed money to finance projects. The problem of repaying his debts contributed to this Six business bankruptcies. Trump Fight again By writing off some loans, refinancing others, finding new lenders,…
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US Bond ‘Death Spiral’ Risk Brushed Aside by Foreign Funds
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(Bloomberg) — Whether you’re talking to Europe’s biggest CFO, Australia’s giant pension funds, or a cash-rich insurance company in Japan, there’s a resounding message you’ll hear when it comes to U.S. Treasuries: They’re still hard to come by. Defeated. Most read from Bloomberg Four months after new Vice President J.D.…
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Charting the Global Economy: Bond Yields Soar to Kick Off 2025
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Breadcrumb links BMN Business Global bond markets witnessed heavy selling this week as investors worried about persistent inflationary pressures and heavy government borrowing. Article writer: Bloomberg News Molly Smith and Vince Juhl Posted on January 11, 2025 • 4 minutes read You can save this article by registering for free…
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Sterling tumbles as bond yields soar, fanning fears over UK public finances
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The British pound suffered its biggest three-day drop in nearly two years this morning, as investors continued to unload British government debt and turn to the US dollar. By early trading, the pound fell 0.9 percent against the dollar to $1.226, briefly touching its lowest level since November 2023. The…
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How Low Can Bond Spreads Go? Five Numbers to Watch
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(Bloomberg) — Corporate bond valuations are in nosebleed territory, issuing their biggest warning in nearly 30 years as an influx of money from pension fund managers and insurers fuels competition for assets. So far, investors are optimistic about the risks. Most read from Bloomberg Many money managers don’t see valuations…
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Bond Traders Turn to 2025 Amid Most Agonizing Easing in Decades
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(Bloomberg) — Bond traders have rarely suffered much from a Fed easing cycle. Now they fear 2025 threatens more of the same. Most read from Bloomberg US 10-year bond yields have risen more than three-quarters of a percentage point since central bankers began cutting benchmark interest rates in September. It’s…
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Bank Hapoalim offers 25-year CoCo bond
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Bank Hapoalim (TASE: POLI) has completed the institutional phase of the offering of two series of contingent convertible notes (CoCo). One of the bonds matures in 25 years, the longest term yet for debt issued by the bank. The total amount raised at the institutional stage amounts to 640 million…
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Bank Hapoalim offers 25-year CoCo bond
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Bank Hapoalim (TASE: POLI) has completed the institutional phase of the offering of two series of contingent convertible notes (CoCo). One of the bonds matures in 25 years, the longest term yet for debt issued by the bank. The total amount raised at the institutional stage amounts to 640 million…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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How Sh175bn bond caused Sh7 increase in fuel prices
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The Sh7 per liter added to the fuel tax in July will be used to pay off Kenya’s inaugural Sh175 billion road bond, underscoring the country’s defiance amid the public uproar that greeted the sharp 38 percent increase. The Treasury has approved a request from the Kenya Roads Board (KRB)…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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Rising interest rates fuel Sh27.1bn bond sell-off by foreigners
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Foreign investors cut their holdings of treasury bonds by 84.6 percent to Sh4.9 billion in the quarter ending June 2024 from Sh32 billion in the same period last year in search of higher returns from shorter-term papers. At the same time, foreigners increased their holdings of treasury bills according to…
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JD Vance says he’s worried about a ‘death spiral’ in the US bond market. Here’s what he’s talking about.
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Drew Hallowell/Getty Images JD Vance recently warned of a “death spiral” in the U.S. bond market. Vance’s concerns relate to the United States servicing its $35 trillion debt. “Are they trying to bring down the Trump presidency by sending bond prices higher?” asked JD Vance. US vice presidential candidate J.D.…
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Hostels developer Acorn pays Sh2.6bn bond balance early
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Acorn Holdings, a student housing developer, on Friday announced that it will repay the remaining balance of its Sh5.7 billion corporate bond a month ahead of schedule. The five-year medium-term notes, issued in November 2019, were due to mature on November 8, 2024, but the remaining balance of Sh2.69 billion…
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The bond market stays in focus in run up to the Fed tomorrow
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Monthly chart of US 2-year Treasury yields (%) This is one of the key charts to watch in the markets right now. The yield on the 2-year note remains elevated near the 3.55% level but bond investors will have to wait for confirmation from the Federal Reserve tomorrow. Additionally, the…
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Australian regulator hikes ANZ’s capital requirements after bond trading misconduct By Reuters
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Australia’s prudential regulator said on Friday it had increased ANZ Group’s additional capital requirement to A$750 million ($502.73 million), stepping up its regulatory oversight after the bank recently admitted to providing incorrect bond trading data. The move by the Australian Prudential Regulation Authority (APRA), which represents an A$250 million increase…
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ForexLive European FX news wrap: Dollar retreats alongside bond yields
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Headlines: Markets: Japanese Yen Advances, USD, CAD Lag on the Day European stocks rise; S&P 500 futures down 0.2% The yield on the 10-year US Treasury note fell 5.9 basis points to 3.867%. Gold rises 0.6% to $2,469.79 West Texas Intermediate crude fell 2.9% to $75.86. Bitcoin price rises 2.9%…
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Stocks rise, bond yields drop on soft US PPI data By Reuters
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By Koh Jui Ching and Lawrence White NEW YORK/LONDON (Reuters) – Stocks jumped and bond yields fell on Tuesday after data showed U.S. producer prices rose less than expected in July, reinforcing market expectations that slowing inflation will allow the Federal Reserve to cut interest rates soon. The U.S. Labor…
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Steve Mnuchin calls for a culling of the 20-year Treasury bond he reintroduced
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It only takes a quick glance at the US bond curve to realize that something is wrong. One US Treasury bond – the 20-year note – is out of step with the rest of the market. It is hovering at yields much higher than those of the bonds around it…
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Mnuchin says it’s time to kill the 20-year Treasury bond
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We haven’t heard much about Steve Mnuchin since the Trump administration ended, but the former Treasury Secretary and Hollywood financier is in the news today. He says the US should ditch the 20-year bonds he introduced. A look at today’s yield curve shows why: 10 years 3.95% 20 years 4.33%…