Bonds

The Iran war presents a ‘guns and butter’ nightmare for investors

How long the conflict will last, and its energy impact, are unknown, but mounting global debt and inflation risks are all too real

DBS is currently the only Singapore-headquartered bank licensed to lead-manage such deals.

DBS China captures 38% of Panda bond market in 2025; secures principal underwriting license

Foreign issuers are increasingly tapping China’s bond markets for financing, DBS says

The possibility of prolonged turmoil in the Middle East and the ripple effects of higher oil prices are giving money managers fresh reasons to sell equities and shift into safety.

Wall Street turns to ‘haven-first’ strategies amid Iran attacks

All eyes will be on energy markets when trading fully re-opens on Monday

US high-grade and junk bond markets are more competitive than at any time since 2017, according to Barclays’ Competition Index.

US corporate bond market is most competitive ever: Barclays

The bank attributes the robust investor appetite to the proliferation of funds competing for newly issued bonds

Nippon Steel finalised the takeover of US Steel in 2025 after 18 months of negotiations that became entangled in American politics, and has plans to build a major new steel plant in the US.

Nippon Steel sells US$3.9 billion of bonds for US Steel loan

Half of them will mature in 2029 and the remainder in 2031, the company says

Nippon Steel said the bond issue was planned in two equal tranches of 275 billion yen (S$2.23 billion), maturing in 2029 and 2031 respectively.

Nippon Steel to raise US$3.6 billion in Japan's biggest convertible bond offer ever

The company seeks to refinance its US$15 billion takeover of US Steel

BlackRock said that falling inflation means the high yields available on corporate bonds are becoming more attractive in real terms.

BlackRock bets on corporate bonds over ‘volatile’ sovereigns as inflation ebbs

Investment giant warns government bond markets face more volatility as defence and infrastructure spending surges

Siddharth Dahiya, global head of emerging-market debt at Aberdeen, believes that the tailwinds seen in emerging markets are part of "a longer-term cycle and more structural in nature for now".

Emerging-market bonds poised for ‘very strong run’ after years of outflows: Aberdeen

Drivers include the improved credit ratings of these economies and potential Fed rate cuts

HSBC’s Orion platform has been used for the issuance of over US$3.5 billion in digitally native bonds globally.

UK’s digital bonds to be issued using HSBC blockchain platform

The plans also come as large financial institutions around the globe ramp up efforts to tokenise other financial instruments

On Feb 9, Google parent Alphabet raised US$20 billion in a seven-part US dollar debt sale, exceeding earlier expectations of a US$15 billion deal.

Alphabet seeks US$9.4 billion from sterling, Swiss franc bond sales

This is because its capex may reach US$185 billion in 2026 to finance its ambitions in artificial intelligence