(Bloomberg) — Governments and companies around the world are facing unprecedented costs to refinance bonds, a burden that’s set to deepen fissures in debt markets and expose more vulnerabilities among weaker borrowers. A corporate treasurer or finance minister looking to issue new notes now would likely have to pay interest that’s about 156 basis points […]
Read More(Bloomberg) — California is so awash with money that Wall Street is advising it to buy out some of its debt investors. Morgan Stanley and Loop Capital Markets suggested to Treasurer Fiona Ma that her office consider paying off some bonds early, public records obtained by Bloomberg News show. The pitches underscore the financial strength […]
Read More(Bloomberg) — Russia’s long-term issuer and senior unsecured debt ratings were cut to Ca from B3 with a negative outlook by Moody’s Investors Service on expectations that capital controls by the Central Bank of Russia will restrict cross border payments including for debt service on government bonds. The change comes less than a week after […]
Read More(Bloomberg) — Slow progress on a plan by the biggest economies to help debt-ridden developing nations restructure what they owe is spurring concern from the International Monetary Fund and World Bank about vulnerabilities as a $35 billion bill comes due and U.S. interest-rate increases loom. More than a year since the Group of 20 set […]
Read More(Bloomberg) — Anyone gearing up for bond yields to surge in 2022 should think again. A global glut of saved cash has the potential to restrain an increase in rates, even as central banks dial back their pandemic stimulus. The strength of demand for bonds even in the face of deeply negative real returns underpins […]
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