Fixed Income News Results

  • Regulatory Pressure Mounts on Coal Miner that Rattled China's Bond Market

    An investigation into a troubled Chinese state-owned coal miner was escalated to the country's securities regulator, as authorities pile pressure on the company whose recent default rattled the bond market. The National Association of Financial Market Institutional Investors, a self-regulating body supervised by China's central bank, said late Tuesday that it had sent leads related to suspected violations of laws and regulations by Yongcheng Coal& Electricity Holding...

  • China Vows to Investigate Bond-Market Misconduct

    China warned it would show zero tolerance for misconduct in the debt markets, after a series of defaults by state- backed groups unsettled investors. The warning came from the Financial Stability and Development Committee, a body that groups together China's central bank and other top financial regulators and that is chaired by Vice Premier Liu He, President Xi Jinping's point person on economic and financial issues. It followed a series of interventions by other actors,...

  • Trump's China Blacklist Sparks Reviews at Index Compilers

    Index compilers FTSE Russell, JPMorgan Chase& Co. and MSCI Inc. (MSCI) are rethinking their stance on securities from companies that the U.S. government says help the Chinese military. On Nov. 12, President Trump signed an executive order barring Americans from investing in 31 Chinese companies that the U.S. says supply and otherwise support China's military, intelligence and security services. The blacklist sparked a selloff in stocks and bonds issued by some targeted companies or...

  • Chinese State-Owned Bank Stops Digital Bond Sale That Was Drawing Scrutiny

    One of China's largest banks halted the planned debut of a digital bond on an exchange outside the country, shortly before the security was scheduled to begin trading on Nov. 13.. China Construction Bank Corp. (CICHY) decided not to proceed with a sale of up to $3 billion in short-term debt in Labuan, an offshore financial center in Malaysia, after the bank's role in the deal and the way investors could trade the securities came under scrutiny in China. The blockchain-based bond, the first of...

  • S&P 500 Suffers Weekly Loss as Stocks Slip

    Stocks and government bond yields slipped Friday to end a choppy week and snap a two-week winning streak for the S&P 500.. A rally in the stock market has stagnated recently, after enthusiasm about the development of effective coronavirus vaccines propelled the Dow Jones Industrial Average to its first record close since February at the start of the week. Surging coronavirus infections, signs that the economy has lost momentum, and the U.S.

  • China Borrows at Negative Rates for the First Time -- 2nd Update

    Superlow interest rates in Europe helped China to sell its first negative-yielding debt, as it raised about $4.7 billion in a three-part deal in euros. The debt sale drew robust demand, aided by China's rapid return to economic growth after tackling the coronavirus and the relative scarcity of Chinese bonds denominated in the common currency. The deal was worth EUR4 billion, the equivalent of $4.74 billion, and split between 5-, 10- and 15- year bonds.

  • China Borrows at Negative Rates for the First Time -- Update

    Superlow interest rates in Europe helped China to sell its first negative-yielding debt, as it raised about $4.7 billion in a three-part deal in euros. The debt sale drew robust demand, aided by China's rapid return to economic growth after tackling the coronavirus and the relative scarcity of Chinese bonds denominated in the common currency. The deal was worth EUR4 billion, the equivalent of $4.74 billion, and split between 5-, 10- and 15- year bonds.

  • China Borrows at Negative Rates for the First Time

    Superlow interest rates in Europe helped China to sell its first negative-yielding debt, as it raised about $4.7 billion in a three-part deal in euros. The debt sale drew robust demand, aided by China's rapid return to economic growth after tackling the coronavirus and the relative scarcity of Chinese bonds denominated in the common currency. The deal was worth EUR4 billion, the equivalent of $4.74 billion, and split between 5-, 10- and 15- year bonds.

  • News Highlights: Top Global Markets News of the Day

    Stock Futures Edge Higher in Choppy Trading. Dimming prospects for a large fiscal stimulus package sends investors into U.S. government bonds, pushing yields lower. Democrats Seek Covid-Aid Talks With McConnell This Week.

  • Aramco Raises $8 Billion Bond to Fund Dividend Pledge

    By Rory Jones in Dubai and Emese Bartha in Frankfurt. Saudi Aramco raised $8 billion from the sale of U.S. dollar-denominated bonds Tuesday as the cash-strapped oil giant seeks funds to meet a dividend pledge to shareholders. Saudi Arabian Oil Co., as the company is officially called, sold the debt at yields higher than those on Saudi government debt of similar maturities, according to a document from one of the lead manager banks of the issue and data from FactSet.

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News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.