BONDS - Daily Newsbrief

Russia Reopens Bond Market to “Friendly” Investors

August 19, 2022August 15, 2022

After months of suspension since Russia waged war on Ukraine, the Moscow Exchange announced partial reopening to foreign investors from “countries that are not hostile.” According to the Moscow … Read more

Mortgage Applications Decline as US Interest Rates on Mortgages Rise to 4.9%

August 19, 2022April 6, 2022

The average interest rate on U.S. mortgages continued rising to record highs last week as the Federal Reserve signals an upcoming tightening of monetary policy to tame inflation. The 30-year … Read more

Fitch Cuts Russia’s Rating to Junk, Says Default is ‘Imminent’

August 19, 2022March 9, 2022

Fitch has downgraded Russia’s sovereign bonds by six notches to “C” from “B”, saying that a debt default is “imminent”. The rating agency had already slashed Russia’s rating to a … Read more

Evergrande Braces for Debt Restructuring

August 19, 2022December 6, 2021

China Evergrande Group had signaled that it is already planning to negotiate a debt restructuring with offshore creditors as it faces another potential default on Monday. Evergrande said in a … Read more

Markets Stand at Tipping Point as House Passes Biden’s COVID-19 Stimulus Package

August 19, 2022March 11, 2021

US legislators pass Biden’s $1.9 trillion COVID-19 relief package as tech markets and bond yields remain points of concerns for investors. The financial Markets have had a mixed response to … Read more

Futures Bounce Back as Bond Yields Settle

August 19, 2022March 1, 2021

US futures and European markets saw an upturn Monday morning as fears over rising bond yields began to fall. Dow Futures saw an increase of nearly 1%, up 300 points … Read more

Mexican Government Completes $6.6 Billion Debt Refinancing Agreement

August 19, 2022November 17, 2020

Mexico’s Finance Ministry Gabriel Yorio said during a Tuesday morning press conference in Mexico City that the government of President Andres Manuel Lopez Obrador officially completed a debt refinancing operation worth $6.6 billion in international markets, including an over-subscribed bond offer.

US Judge Rules that Venezuelan PDVSA’s 2020 Bonds Are Still Valid

August 19, 2022October 19, 2020

A United States judge ruled on Friday morning that 2020 bonds of Venezuelan oil giant PDVSA are “valid and enforceable,” which analysts believe it represents a significant setback for Venezuela’s opposition leader and interim president Juan Guaido.

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