Companies have pulled back from the frenetic pace of corporate-bond issuance earlier this year, and that could support further gains for high-grade debt investors. Markets this year have soaked up a record-breaking wave of new bond sales from companies looking to amass cash to get through the economic disruptions caused by the Covid-induced crisis and resulting coronavirus-fighting lockdowns. So far in 2020, Europe has seen $525 billion of new debt deals and the U.S. has...
Stocks opened lower Thursday and investors sheltered in the safety of government bonds as tightening coronavirus lockdowns in Europe and a weakening jobs picture in the U.S. cast a shadow on markets. The S&P 500 slid 1.3%, suggesting the benchmark index could retreat for a third consecutive day. The Dow Jones Industrial Average retreated 325 points, or 1.1%, while the Nasdaq Composite Index lost 1.6%.
China raised $6 billion with its latest international bond sale, matching a record set last year, ahead of economic data that is likely to show growth is recovering toward pre-pandemic levels. Despite heightened tensions with the U.S., this was China's first bond sale in recent years targeted partly at investors in America. U.S. buyers snapped up large chunks of the four-part deal, including 47% of a $500 million offering of 30- year debt, according to one of the banks that handled the...
China raised $6 billion with its latest international bond sale, matching a record set last year, ahead of economic data that is likely to show growth is recovering toward pre-pandemic levels. Economic indicators like retail sales and export data show China is shaking off the effects of the coronavirus. Gross domestic product figures due Monday are likely to show growth rose to 5.3% from a year earlier in the third quarter, according to economists polled by The Wall Street...
The prospect of a Democratic sweep in next month's elections is helping to push U.S. government-bond yields higher, stirring memories of four years ago when yields climbed sharply after a Republican victory. Yields, which rise when bond prices fall, have climbed in recent days as polls have shown a growing lead for former Vice President Joe Biden over President Trump, as well as improving chances that Democrats could end up holding both houses of Congress. For debt investors, the...
Liquidity is key in bond markets, but measuring it has grown more complex as trades move onto competing electronic trading venues. A Securities and Exchange Commission committee this week moved to help. The Fixed Income Market Structure Advisory Committee proposed the SEC adopt new reporting standards aimed at improving transparency and helping traders decide which electronic marketplaces to frequent.
Liquidity is key in bond markets, but measuring it has grown more complex as trades move onto competing electronic trading venues. A Securities and Exchange Commission committee this week moved to help. The Fixed Income Market Structure Advisory Committee proposed the SEC adopt new reporting standards aimed at improving transparency and helping traders decide which electronic marketplaces to frequent.
Companies in the U.S. and Europe are buying back bonds to reduce the cash piles they built up earlier this year, signaling expectations for more stable economic times ahead. Telecom company AT&T Inc. (T), beer brewer Anheuser-Busch InBev SA (BUD) and oil major BP PLC (BP) are among the firms redeeming debt early after determining that the billions of dollars and euros they raised in response to the turmoil in markets earlier this year isn't likely to be needed. "The world still isn't perfect, but...
SYDNEY--The Reserve Bank of Australia left its official cash rate and its three-year government bond yield target unchanged at its monthly policy meeting Tuesday but said it continues to explore options for further stimulus. The RBA kept its official cash rate at its current record low of 0.25%, as expected. Its three-year government bond yield target, introduced in March, was also held at 0.25%.
U.S. government-bond yields reached their highest levels in months Monday, lifted by mounting hopes for new fiscal stimulus from lawmakers. The yield on the 10- year Treasury note settled at 0.760%, according to Tradeweb, up from 0.694% Friday and its highest close since June 9. The 30- year Treasury bond yield climbed to 1.565%, up from 1.48% Friday. Yields rise when bond prices fall.
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