First-ever ‘Pandemic Bond’ to Combat Outbreaks

Wednesday June 28th saw the launch of the first-ever ‘pandemic bond’ by the World Bank, with the aim to finance rapid response to disease outbreaks. How this works: $500 million raised through this bond issuance supports a Pandemic Emergency Financing Facility (PEF)....

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U.S. Bond Yields Jump on back of Draghi’s Comments

U.S. Treasury yields rose on Tuesday shortly after European Central Bank President Mario Draghi delivered upbeat remarks at their annual conference held in Portugal. Key figures: Yield on U.S. 10-year Treasury rose by 7 points to 2.20% on 28 June morning, back to...

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Junk Bond ETFs Test Market Liquidity

The big shift of investor cash to passive funds from active ones has gotten a lot of bond investors nervous about liquidity. Unlike stocks, bonds are much more limited in number. That means that the bonds comprising an exchange-traded fund--which is effectively a big...

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Tumbling Brent Oil Drags Down Oil Sector Bonds

Brent crude oil falls more than 14% from the start of this month to $42.47, nearing November lows. According to CNBC, “Oil prices have tumbled more than 20 percent this year, marking its worst performance for the first six months of the year since 1997.” How does this...

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New Russian Benchmark Bond, Paws Away US Sanctions.

Russia priced new 10-year and 30-year bonds, making this the second deal post-2014 sanctions. The sovereign debt sale raised a total of $ 3 billion, comprising $ 1 billion from its 10-year-tranche yielding 4.25% and $ 2 billion from its 30-year-tranche yielding 5.25%....

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