U.S. Tax Plan Punitive For Bonds

U.S. Treasury yields hit a 2-month high as President Trump announced his tax-reform plan, a key provision of which calls for the repatriation of $2.5 trillion that multinational companies are holding overseas mostly in Treasuries.  Possible increased selling of these...

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Increasing Interest in Indian and Indonesian Bonds

India and Indonesia have together captured almost one-fifth of emerging-market bond net inflows year-to-date through August, as investors continue to be lured by their rich yields and strong growth prospects when they were but a few years ago considered among the most...

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China Refutes S&P Downgrade Action

Following Standard & Poors' downgrade of China's long-term sovereign credit ratings to 'A+' from 'AA-' and the short-term rating to 'A-1' from 'A-1+', both with a 'stable' outlook, the Chinese government has come out to denounce the ratings change as "wrong" and...

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China to do first USD bond issuance since October 2004

China plans to sell $2 billion in US dollar denominated bonds later this month, its first US dollar issue in almost 13 years. The country has about $200 million US dollar denominated debt outstanding with bonds maturing in 2027 and 2096 yielding 3.1% and 4.1%...

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Market Awaits Fed Meeting Results This Week

Expectations are for U.S. policy makers to hold rates steady at the Federal Reserve's 2-day meeting on September 19-20.  Instead, the focus will be on whether officials announce that they will start reducing the central banks' US$4.5 trillion balance sheet....

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