UBS Buys $7.9 Billion of Credit Suisse Bonds in Biggest Buyback
UBS Group AG is buying back $7.9 billion of old Credit Suisse bonds, its biggest move yet to shrink the debt load it inherited when taking over its crosstown rival.
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UBS Group AG is buying back $7.9 billion of old Credit Suisse bonds, its biggest move yet to shrink the debt load it inherited when taking over its crosstown rival.
Markets are overestimating sovereign debt risks, according to Jupiter Asset Managementโs Mark Nash, who is betting long-dated bonds will rebound from their recent selloff.
Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Bloomberg MLIV's David Savage reports. (Source: Bloomberg)
Asian stocks and bonds were set for declines after a surge in oil prices sparked a selloff in US markets, while the latest inflation data reinforced bets on an imminent Federal Reserve rate hike.
Malaysiaโs bonds lured record inflows in August on optimism over the impact of the artificial intelligence boom on the Southeast Asian economy.
We have been in consultations with regulatory bodies such as SEBI as a prelude to the process. Initially, we are exploring the prospects of issuing municipal bonds worth โน150 crore to finance development and infrastructure projects, along with green bonds worth another โน150 crore to support environment-friendly and climate change mitigation initiatives, says Mayor