1036 days ago
Thai bonds did not thrive this year, and the future could be even worse. They cashed out 9% this year and could face further decline because of rising debt supply and front loaded issuance, and the low pace of vaccination will keep pressuring the baht and their economic recovery.
1039 days ago
Singapore-based bank DBS has issued a $15 million digital bond in its first security token offering (STO). The bond has a sixth-month expiry and a coupon of 0.6% per annum. The bank said they wanted to pave the way on the Digital Exchange (DDEx) to encourage others to do the same and establish precedents for further STO issuances and listings. This might be a historical moment.
1042 days ago
Despite the likely economic rebound, the European Central Bank is expected to maintain its emergency bond buying. Bloomberg forecasts that buying will hold at about $103 billion a month for the third quarter, and not fall at the same level as the first quarter.
1043 days ago
The yield on 10-year Treasuries advanced one basis point to 1.59%. Germany’s 10-year yield was little changed at -0.20%. Britain’s 10-year yield advanced two basis points to 0.77%.
1043 days ago
Despite a challenging new virus strain, and capital outflow from foreign investors, India's dollar bonds have rallied to show best in class performance. The notes have returned 0.8% so far this month, the most in the region, according to a Bloomberg Barclays index; Indian bonds had gained 0.4% in the previous month, the lowest rate except for China.
