Fixed Income News Results

  • News Highlights: Top Global Markets News of the Day

    Stock Futures Edge Higher, Gold Rallies. Bull market in gold continued, sending prices over $2,000 a troy ounce for second day, while U.S. Treasury yields remained near this year's lows.

  • News Highlights: Top Global Markets News of the Day

    Stock Futures Edge Higher, Gold Rallies. Bull market in gold continued, sending prices over $2,000 a troy ounce for second day, while U.S. Treasury yields remained near this year's lows.

  • Foreign Investors Flock to Russian Government Bonds

    Foreign investors are piling back into Russian bonds, attracted by high yields and the country's relatively strong finances compared with emerging-market peers. Despite a heavy reliance on oil exports and tense relations with the West, investors say yields on Russian government bonds are attractive given its ability to withstand oil-price volatility. Russia marked its eighth straight week of inflows into its bonds on July 23, according to data from fund tracker EPFR...

  • Argentina Nears $65 Billion Restructuring Deal With Bondholders -- 2nd Update

    Argentina's government has reached an agreement with three groups of creditors to restructure its debt in a step that will grant significant debt relief to the country, the nation's Ministry of Economy said. The agreement "will allow members of the three groups of creditors to support Argentina's debt restructuring proposal and grant the country significant debt relief," the ministry said. Under the agreement, Argentina will change the payment dates for some new bonds, which...

  • Credit Markets: Argentina Finalizing $65 Billion Debt Deal -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Argentina's government is finalizing an agreement with a group led by BlackRock Inc. (BLK) and a handful of large U.S. investment firms to restructure about $65 billion in foreign debt and resolve the country's third sovereign default in 20 years, said people involved in the talks. Committees representing investors holding...

  • RBA Keeps Policy Unchanged, Signals More Bond Buys

    SYDNEY--The Reserve Bank of Australia left its policy settings unchanged at its board meeting Tuesday, as it weighs the economic impact of tougher lockdown measures to contain the coronavirus in the southeastern state of Victoria. The RBA kept its official cash rate at a record-low 0.25% and reaffirmed its 0.25% target for the yield on three-year government bonds. Cementing that yield target will involve the central bank buying bonds in the secondary market on Wednesday,...

  • Argentina Nears $65 Billion Restructuring Deal With Bondholders -- Update

    Argentina's government is finalizing an agreement with a group led by BlackRock Inc. (BLK) and a handful of large U.S. investment firms to restructure about $65 billion in foreign debt and resolve the country's third sovereign default in 20 years, said people involved in the talks. Committees representing investors holding the bulk of Argentina's external debt have agreed to exchange their defaulted bonds for new securities under a settlement worth nearly 55 cents on the dollar,...

  • Argentina Near $65 Billion Restructuring Deal With Bondholders

    Argentina's government is finalizing an agreement with its biggest private creditors to restructure about $65 billion in foreign debt and resolve the country's third sovereign default this century, according to people involved in the talks. Argentina's biggest creditors, led by BlackRock Inc. (BLK), agreed to accept new bonds in return for the debt they currently hold in a settlement worth nearly 55 cents on the dollar, these people said. The tentative agreement came ahead of a...

  • U.S., European Yields Drop on Record Economic Downturns -- Update

    Government bond yields dropped in the U.S. and Europe after fresh data on Thursday showed the worst quarterly economic contractions on record for the U.S. and Germany in the second quarter. Advance gross domestic product estimates for the U.S. showed the economy shrank by 32.9% versus the previous quarter, although that was better than the 34.7% contraction that had been forecast. On Wednesday, the Federal Reserve highlighted the long-term problems the economy faces when it...

  • Environmental Groups Urge Fed to End Energy Bond Buying

    Environmental groups are pressing the Federal Reserve to end its purchases of energy sector corporate bonds as part of its broader effort to support financial markets as the U.S. navigates the severe economic stress of the coronavirus pandemic. "Through these purchases, the Board is potentially exposing the public to financial losses through credit risk, market risk, and operational risk due to exacerbation of the climate crisis," according to a letter signed by several groups...

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