World News by Wild Rose

This week, Mpho Hlakudi and Selcuk Gokoluk discuss how some of the world’s biggest asset managers increase their exposure to emerging markets despite the surge in US Treasury yields, weakening a traditional correlation in financial markets.

The Republic of the Congo listed US$1.55 billion of bonds on Nasdaq Dubai on Monday, 19 October, which the exchange calls an African first. The post Congo Listed US$1.55B Bonds in Dubai appeared first on The Rio Times.

Jeff Sherman, deputy CIO of DoubleLine Capital, joins Scarlet Fu on "Bloomberg Real Yield." Treasuries surged on Thursday, sending the US 10-year yield back below 5% as investors sought shelter from tumbling share prices for companies leading the boom in spending on artificial intelligence. (Source: Bloomberg)

Three funds holding US$272 million of Braskem America Finance's 2041 bonds asked a New York court on 21 October for an involuntary Chapter 11 case. The post Braskem Unit Faces US Chapter 11 Petition appeared first on The Rio Times.

BNP Paribas Asset Management has been raising its positions in long-dated Japanese government bonds, attracted by a steep yield curve and signs that domestic demand is returning to the market.

SpaceX bonds weakened Wednesday after the company posted results that surpassed analysts’ estimates but also said it was investing aggressively, signaling more borrowing could be ahead.

Cameroon is getting hammered by bond investors after a credit downgrade. Having a nonagenarian leader with no public succession plan doesn’t help.

WestJet Airlines Ltd., Canada’s second-largest air carrier, saw its bonds fall to their lowest level since they were issued in June, as spikes in the cost of fuel and trade tensions are dimming its earnings outlook.

Vale filed to register up to 10 billion yuan (US$1.5 billion) of panda bonds in China, a first step that depends on regulator approval and has no sale date. The post Vale Seeks US$1.5 Billion China Bond Plan appeared first on The Rio Times.

Pernod Ricard is planning the sale of a debut hybrid bond alongside a tender for some of its outstanding senior debt, as the company looks to tackle upcoming maturities with its credit ratings on negative outlook.

Morocco's Treasury raised MAD 6.9 billion (US$704 million) on 13 October after a week with no bids accepted, and long-term yields rose. The post Morocco Bond Yields Rise as Treasury Returns appeared first on The Rio Times.

The Villages, a 57,000-acre Florida retirement community, is looking to issue almost $180 million in high-yield debt to finance more homes.

Kimberly-Clark Corp. is selling investment-grade bonds in as many as five parts to help fund its pending acquisition of Tylenol maker Kenvue Inc.

Indonesian markets extended their selloff, with stocks deepening their worst rout in almost 30 years and losses spreading to bonds and the rupiah after MSCI warned the country may face a two-step downgrade. Bloomberg's Anthony Stephens has more. (Source: Bloomberg)

France’s sovereign bonds dropped as violence flared across the country, underlining the tension between protesters and a government that’s hamstrung by poor public finances.

Bolivia is monitoring global credit markets for an opportunity to issue debt at more attractive borrowing costs, Finance Minister Christian Andrés Morales said.

Bank of America Corp. has kicked off the sale of investment-grade bonds, becoming the third major Wall Street firm to tap a turbulent market this week after reporting third-quarter results.

Angola is considering selling bonds in China or tapping Islamic debt markets in the Middle East as the oil-producing nation seeks to diversify its sources of financing, according to a senior finance official.

Wei Li, global chief investment strategist at BlackRock, explains her firm’s bullish move on short-term US Treasuries while downgrading stocks. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)

Global stocks are falling as an AI rout drives investors toward the safety of bonds

Argentina’s Merval fell 1.2% to 2,835,843 on Wednesday 14 October as country risk rose 12 points to 611 and US inflation hit global markets. The post Argentina Stocks Fall 1.2% as Bonds Slip | Argentina Market Report, Oct 14 appeared first on The Rio Times.

Like many on Wall Street, DoubleLine’s Vitaliy Liberman has made a habit out of keeping tabs on foreign ownership of US debt securities, looking for signs of any broad-based pullback in retaliation for Donald Trump’s zero-sum trade policies. Month after month, he noticed something peculiar.

Japan’s biggest bank is tentatively getting back into the country’s benchmark government bonds, even as it remains concerned that yields could further spike due to fiscal and monetary policies in the nation.

China’s world-beating bonds have dodged the selloff in global debt and some fund managers are positioning for further gains due to a strong yuan and a sluggish domestic economy.

Skydance Corp. bonds weakened further on Tuesday, and the cost of protecting the company’s debt against default jumped, as investors fretted about the profitability of the company after its $110 billion acquisition of Warner Bros. Discovery Inc.

Bond traders added to bets on further losses in Treasuries before inflation data that will help shape expectations for Federal Reserve policy through year-end.

Benchmark 10-year yields jumped to their highest since March 2023 on Monday.

BlackRock Inc.’s research unit has turned more bullish US Treasuries, unwinding a “mainstay” underweight stance for most of the past six years, as yields climbed to the highest levels in more than two decades.

Morgan Stanley’s credit traders are recommending investors buy bonds issued by Travelodge Hotels Ltd. after a steep drop in the UK budget hotel chain’s debt this year.

Bond traders are looking to the latest consumer-price inflation figures and a planned appearance by Federal Reserve Chairman Kevin Warsh for insight into how quickly the central bank will continue raising interest rates.