Category: Bonds
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Banks, stock brokers hits as CBK stops commission on bonds trade
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Kenya’s central bank will stop paying commission to stockbrokers, custodian banks and authorised securities dealers that help it sell treasury bonds from next month, cutting off hundreds of millions of shillings in revenue each year. The central bank paid selling agents – who act as intermediaries between the central bank…
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Bonds Are Back as a Hedge After Failing Investors for Years
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(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Bonds Are Back as a Hedge After Failing Investors for Years
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(Bloomberg) — Greg Abella, a New Jersey money manager, didn’t expect the deluge of calls he’s been getting from clients over the past week. “All of a sudden people are asking us, ‘Wow, do you think this is a good time for us to add bonds?’” Most Read from Bloomberg…
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Mozambique ex-finance minister convicted in US over ‘tuna bonds’ scandal By Reuters
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By Luke Cohen NEW YORK (Reuters) – Mozambique’s former finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop the African nation’s fishing industry. A jury convicted Manuel Chang of conspiracy to…
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Stocks shaken by US recession fears, bonds price for rate cuts By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asia’s main stock indexes fell on Monday as growing fears that the United States could be headed for recession sparked a mass risk aversion and expectations that interest rates will have to be cut sharply and quickly to support growth. Investors picked up where…
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Tech Stocks Sink as War Jitters Fuel Rush to Bonds: Markets Wrap
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(Bloomberg) — Stock markets were hammered by a broad selloff in the world’s biggest technology companies ahead of key central bank decisions. Bonds and gold rose as traders rushed to safe havens amid geopolitical risks. Oil remained lower. Most Read from Bloomberg The Israeli military struck Beirut, targeting a Hezbollah…
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Junk bonds are now in high demand as Wall Street bets on another Trump presidency
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The credit world’s version of the “Trump trade” is starting to take shape: buy high-yield US bonds and stay away from anything inflation-sensitive. Institutional bond investors around the world have already begun positioning themselves for a potential election win for Donald Trump after the attempted assassination of his father, and…
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Chinese Investors Dump Record Amount of US Stocks and Bonds
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(Bloomberg) — Chinese investors sold a record amount of U.S. stocks and bonds in May as diplomatic tensions between the world’s two largest economies rose. Most Read from Bloomberg According to the latest data released by the U.S. Treasury Department on Thursday, funds in the Asian country sold $42.6 billion…
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US treasury auctions off $13 billion of 20 year bonds at a high yield of 4.466%
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High return 4.466% (last month was slightly lower at 4.452%) WI level at auction time 4.467% Tail -0.1 bp vs 6-month average -0.6 bp Coverage offered at 2.68X vs. 6-month average of 2.63X Traders 8.47% vs. 6-month average 12.1% Directed 14.32% vs. 6-month average of 18.2% Indirect 77.2% vs. 6-month…
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Yields on Israel gov’t shekel bonds reach 13-year high
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Growing fears of an escalation in the confrontation between Israel and Hezbollah in Lebanon have increased pressure on Israeli government bonds. Yields on long-term government bonds have risen in recent days, reflecting the increased risk that investors attribute to the state of Israel’s debt. The yield on 10-year shekel government…
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Amid election nerves French city traders rush to secure funding as they foresee the worst blow to bonds
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Worst bond rout since sovereign debt crisis sees companies rush to Securing financing Ahead of a potential capital drought. A hit to stocks worth about $200 billion. French President Emmanuel Macron’s decision earlier this month to confront the gains of the far right across Europe Quick poll At home he…
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Investors react to BOJ decision to keep policy unchanged, trim bonds in future By Reuters
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(Reuters) – The Bank of Japan left interest rates unchanged on Friday but said it would reduce future bond purchases to allow long-term interest rates to move more freely. At the end of the two-day policy meeting, the central bank said it would continue buying government bonds at the current…
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State invests housing levy billions in Treasury bonds absorption
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The government is investing Sh20 billion raised from the affordable housing levy in treasury bills and bonds, indicating a low absorption rate of funds allocated to build cheaper homes for low- and middle-income families. Bonds are medium to long-term government securities and purchasing them indicates that the government is collecting…
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Infrastructure bonds face 5pc tax
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Interest earned on future infrastructure bonds with a term of at least three years will for the first time attract a withholding tax at the rate of five per cent if proposals in the Finance Bill 2024 are passed through Parliament. Infrastructure bonds (IFBs) have been tax-exempt since they were…