Positive News Media (Free subscription) | 20/11/2009
MANILA, Nov. 21 (PNA) — JG Summit Holdings Inc. (JG Summit), the Gokongwei group’s publicly-listed flagship company, has concluded successfully its maiden peso bond issue, raising P9 billion from the local bond market.
Grasping Reality with Both Hands (Free subscription) | 20/11/2009
Paul Krugman reads the tea leaves in what looks like the best piece of economic analysis I have read this month. When we do the things we do well, this is the kind of thing we do: >Interest rates: the phantom menace: From various bat squeaks I’ve put together a view of what I think lies behind the surprising — and damaging — deficit squeamishness of the Obama administration. So...
iStockAnalyst.com (Free subscription) | 20/11/2009
Prices of Treasury coupon securities are registering, on balance, modest changes in overseas trading. The massive wall of liquidity sloshing through the market has driven short rates lower while the longer maturities are unchanged. [More...]
R World (Free subscription) | 10 hours ago
We're on the first step towards turning healthcare into a right rather than something one needs to earn. I should feel wildly enthused about this, but instead I feel a little queasy. In the last decade, we've committed trillions to foreign occupation, stabilizing our banks, and now, healthcare. We fund doctors, bankers, and soldiers. The lesson is clear: go to college or join the army. Legislation...
DealBreaker (Free subscription) | 20/11/2009
Naked short-selling has been blamed for many a market evil in recent years. Not so much any good. Well, here's one in the controversial practice's corner: South Korea may allow institutional investors to short-sell bonds in an effort to boost liquidity in its nascent fixed-income market. Now, it isn't the short-selling, per se, that will boost liquidity, but the move could win Seoul a coveted place...
Law Blog - WSJ.com (Free subscription) | 20/11/2009
The rally in the U.S. government bond market rolled on as investors remain intent on sticking with the safest securities heading into year-end.
Blog O'Stuff (Free subscription) | 20/11/2009
There's been a lot of buzz in financial news and blogs in the past few months about the dollar carry trade. The dollar carry trade can be defined as: ...low U.S. interest rates enable investors around the globe to borrow dollars for next to nothing and invest them elsewhere at higher rates. This bet -- known as the dollar carry trade -- appears to be one of the forces pushing down value of the dollar....
lloydslist.com (Free subscription) | 20/11/2009
Oslo-listed company appoints DnB Nor to arrange issue.
Arts Reader (Free subscription) | 20/11/2009
If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/DHGUVV/SJIK4/53PV1L/GDXI4/ Markets morning briefing Friday November 20 2009 FT.com - Financial Markets News Risk fatigue sparks correction speculation Global Markets Overview: Talk that the dollar could be near its nadir leads to a growing...
Financial Times (Free subscription) | 20/11/2009
South Korea plans to allow naked short selling of bonds next year to attract more foreign participation in the country’s underdeveloped and illiquid bond market
Financial Times (Free subscription) | 20/11/2009
Bank of America plans to sell $460m of commercial mortgage bonds backed by properties owned by Fortress Investment Group as this battered market begins to show signs of life, people familiar with the deal said
Suburban Guerrilla (Free subscription) | 19/11/2009
Krugman wonders why Obama’s intimidated by them.
iStockAnalyst.com (Free subscription) | 19/11/2009
Prices of Treasury coupon securities have posted modest gains today but have retreated from their best levels as the 10 year note flirted with the 3.30 level which has acted as a barrier in the recent past. I do not speak to often of the T bill market but yields in that market continue to collapse. In one recent conversation a market participant noted that bill yields are negative out to February....
Market Watch (Free subscription) | 19/11/2009
NEW YORK (MarketWatch) -- The Treasury Department said on Thursday it will sell $22 billion in 2-year notes on Monday, matching the record amount of the securities sold last month. That sale will be followed by $42 billion in 5-year notes on Tuesday and $32 billion in 7-year notes the day after that. The latter two sales set new records for the most ever sold and are $1 billion more than October's...
Market Watch (Free subscription) | 19/11/2009
Treasury prices edge higher and yields tick lower in the early action. Bond traders show confidence that concerns about sluggish growth will keep the bond market “bulletproof” even as the government details what’s expected will be record amounts of debt put up for auction next week.
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