Indonesia sold $4.3 billion of bonds, including one it won't pay off for 50 years, in the latest sign that investors are regaining their appetite for risk. Just last month, investors were selling assets of all stripes so aggressively that some markets seized up under the stress. Treasurys were dumped in an attempt to raise cash.
Indonesia sold $4.3 billion of bonds, including one it won't pay off for 50 years, in the latest sign that investors are regaining their appetite for risk. Just last month, investors were selling assets of all stripes so aggressively that some markets seized up under the stress. Treasurys were dumped in an attempt to raise cash.
Indonesia sold $4.3 billion of bonds, including one it won't pay off for 50 years, in the latest sign that investors are regaining their appetite for risk. Just last month, investors were selling assets of all stripes so aggressively that some markets seized up under the stress. Treasurys were dumped in an attempt to raise cash.
China will hold Canton Fair, the country's oldest and biggest trade fair, online in June, state television reported Tuesday quoting a cabinet meeting chaired by Premier Li Keqiang. Canton Fair was originally scheduled to begin on April 15, but was postponed due to the coronavirus outbreak.
BEIJING--China's foreign-exchange reserves plunged to a 17- month low in March as the coronavirus pandemic roiled the global financial market. The country's hoard of foreign exchange fell $46.09 billion from the previous month to $3.061 trillion, the lowest level since October 2018, data from the People's Bank of China showed Tuesday. The decline in reserves was the largest monthly drop in more than three years.
China must do more to help ease the debt burden of African countries facing economic calamity due to the coronavirus pandemic, Ghana's finance minister said. Africa accounts for just a fraction of global cases of the disease, but its countries are already feeling the impact, with the continent's economies expected to contract, putting about 20 million jobs at risk.
Superlong Japanese government bond prices dipped on Tuesday after a 30-year debt auction drew tepid demand before Prime Minister Shinzo Abe's expected declaration of a state of emergency. The bid-to-cover ratio, a gauge of demand, at Tuesday's 700 billion yen 30-year JGB sale fell to 3.53 from 3.65 at the previous auction in March.
* Early signs of virus peaking in Europe, New York. * Broad gains from Tokyo to Sydney but momentum ebbs. * Currencies, bonds steady as economic risks weighed. * Asian stock markets: https://tmsnrt.rs/2zpUAr4. By Paulina Duran and Tom Westbrook.
SYDNEY--The Reserve Bank of Australia left interest rates unchanged Tuesday and affirmed its current targeting of bond yields while warning the economy will be hit hard by the corona pandemic in the second quarter. The RBA's official cash rate was left at a record low 0.25%, the bank said. The three-year bond yield target was also kept at 0.25%.
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