Aberdeen Says There Is Little Value Left in Bonds
With global central banks reversing previous monetary policy and the resulting spike in bond yields, James Athey from Aberdeen Asset Management is telling CNBC that there remains little value in the bond markets. On Monday, the two-year U.S. Treasury note yield hit...
Credit Rating Grant Not Incentivising Singapore’s Bond Issuers
The Monetary Authority of Singapore announced a Credit Rating Grant last week to encourage potential Singapore dollar bond issuers to obtain a credit ratings, subsidising 100 per cent of the corporate's credit rating expenses, subject to a cap of S$400,000 per issuer....
Portugal to Build Closer Ties with China through its Panda Bond Plans
In a bid to deepen its economic and cultural ties with China, Portugal is planning to sell Panda bonds, becoming the first euro zone country to issue in renminbi and borrow in the $9.5 trillion Chinese bond market. Issuing panda bonds, which are debt sold by foreign...
Indian Rating Agencies to Seek Monthly “No Default Statement”
Credit Rating Agencies would have to fetch a "No Default Statement" from companies at the end of every month, where the company needs to state that it hasn't delayed on any Interest and Principle Payments for the previous month. In case of any data discrepancies or...
Indian Regulator announces novel rules to enhance bond liquidity
India’s securities regulator SEBI has announced new rules that restrict the number of outstanding bonds maturing in a calendar year to only 17. This is aimed at forcing issuers to increase the outstanding notional of existing bonds in an effort to enhance their...
Dynamic Start to China-Hong Kong Bond Connect Scheme Leaves Foreign Investors Wanting More
As HKEx CEO Charles Li predicted to CNBC last Friday, the steps taken by China allowing foreign investors to partake in its US$10 trillion worth fixed income markets through the China-Hong Kong Bond Connect Scheme met with "massive" demand for China's bonds. Launched...
Kenya Launches Sovereign Bond Purchases via Mobile Phones: M-Akiba
Kenya is due to launch an unprecedented sovereign bond to be sold exclusively through mobile platforms today, June 30th. The bond is termed ‘M-Akiba’, where ‘Akiba’ means savings in Kiswahli. Targeted at small investors, the bond can be bought via at denominations as...
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)....
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...
