UPDATE: Donald Trump has secured a $175 million bond as his appeals a New York civil fraud judgment against himself, family members and his business empire. According to a filing tonight. the bond came from the Knight Specialty Insurance Company in Los Angeles. Trump’s move will prevent New York Attorney General Letitia James from seizing … Read more
Cash pouring into India from its watershed inclusion into key global bond indexes is already reshaping markets in a country long keen to insulate itself from hot money flows. Foreign investors have pumped roughly 780 billion rupees ($9.4 billion) into eligible sovereign bonds since JPMorgan Chase & Co.’s landmark announcement in September and are beginning … Read more
Mumbai: SD Corporation, a wholly-owned company of Shapoorji Pallonji Company, rescheduled coupon payments on its ₹750 crore bonds by two months to March 31, 2024, with an agreement that it will deposit the coupon in an escrow account a day before the due date, said people with knowledge of the matter. The company is engaged … Read more
Mumbai: India’s government bond market has witnessed a first, with the outstanding amount on a single sovereign security breaching the ₹2-lakh-crore mark, demonstrating the finance ministry’s tolerance for a much higher borrowing limit through one bond series than what applied to the earlier threshold. After its last auction in the primary market on January 19, … Read more
New York: Right around the start of November, two words suddenly disappeared from the chatter in the bond market: debt supply. As bond prices surged across the developed world day after day, sending yields tumbling and handing investors some much-needed profits, the angst about soaring budget deficits melted away. But for how long? Over the … Read more
Mumbai: A sizable early consent fee has attracted more bondholders to vote for the restructuring of Vedanta Resources Ltd (VRL) debt. The London-based holding company, which owns metals and resources businesses in India, is offering a 2% fee if consent is provided by January 2, and a 0.25% fee for late consent after this date. … Read more
Mumbai: Bond forwards in sovereign debt, for which the Reserve Bank of India released draft directions last week, will help end a regulatory grey area and let banks and insurers cater to the trillions of rupees worth of retail demand for long-term investment products in a standardised manner. Introduction of bond forwards, which are derivative … Read more
The most accurate US bond forecasters of 2023 say the strong year-end rally won’t stretch into 2024. Goldman Sachs Group’s Praveen Korapaty, the bank’s chief interest-rate strategist, and Joseph Brusuelas, the top economist at tax consulting firm RSM, both predict that the 10-year Treasury yield will climb to about 4.5% by the end of next … Read more
