sovereign bond

China’s euro-denominated sovereign bonds sale sees strongest demand in six years

The offering is around 12.5 times oversubscribed, attracting orders exceeding 50 billion euros

Interest rates may trend lower near term, but there are substantial risks of much higher interest rates over the longer term.
SENSE & CENTS

Mega trends could drive more elevated interest rates over the longer term

High trade tariffs and weak sovereign credit will exert upward pressure on interest rates 

 The central bank is expected to keep interest rates unchanged at 2.75 per cent to 2026.

Corporate issuance poses headwinds for Malaysian sovereign bonds

Ringgit swaps are now pricing eight basis points of easing over the next six months, from as much as 20 basis points in mid-August

A new generation of European sovereign bonds, modelled on the NextGenerationEU pandemic-recovery fund, but longer-term and deployed more strategically, could directly benefit the middle class.
THE BOTTOM LINE

European democracy needs its middle class back

It’s time for an ambitious three-pronged plan to strengthen the backbone of stable, prosperous societies

The US Capitol in Washington, DC. The US is embarking on financial deregulation at a time of high leverage and financial risk-taking. It is also continuing with high fiscal deficits while attacking its creditors via trade and fiscal policy.

Interest rates are normal, the world is not

Given all this fragility, recessionary or inflationary shocks – or even both together – are conceivable

The offshore yuan sovereign bonds will be issued in two and five-year tranches if the deal goes ahead.

China looks to raise 5 billion yuan in offshore yuan bond deal: sources

CHINA is looking to raise 5 billion yuan (S$929 million) in a dual-tranche offshore yuan sovereign bond deal, according to two sources with direct knowledge of the matter.

Among other economic data, the eurozone's third-quarter gross domestic product report this week could shape the rate path on both sides of the Atlantic.

Eurozone yields climb ahead of data-packed week

The German two-year bond yield, more sensitive to eurozone rate expectations, rises three basis points to 2.173%

The move is expected to strengthen China's capability to fend off risks and spur lending to better support the domestic economy.

China to sell special sovereign bonds to boost bank capital

CHINA said it will issue special sovereign notes to boost capital at its largest state-owned lenders.

BNY is a custodian of more than US$50 trillion of assets for international clients.

BNY clients sell UK debt at fastest pace since mini-Budget crisis, bank says

It reflects slightly stronger UK growth and expectations that the Bank of England will cut rates at a slower pace than other big central banks

The People’s Bank of China (PBOC) said the operation was to “strengthen counter-cyclical adjustment of monetary policy and keep banking system liquidity reasonably ample”.

China’s central bank buys 200 billion yuan of sovereign bonds in September

THE Chinese central bank said on Monday (Sep 30) that it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in open-market operations in September.