The Top Six US Banks Spent $26 Billion On Bond Trading Tech $TLT
Technological prowess is becoming a powerful point of differentiation for participants in the US government bond markets. As the costs to drive a successful trading business in the niche have grown to...
View ArticleFor President Trump, the race for a new Fed chair is a tangle of interests
President Donald Trump says he is “very, very close” to naming the next Federal Reserve chief, building suspense toward perhaps the most consequential decision he has left to make in 2017. But the...
View ArticleChina mulling long-term non-RMB bonds
China will study a long-term mechanism for the non-renminbi sovereign bond issue, said Shi Yaobin, vice-minister of China’s Ministry of Finance, during a Friday media briefing in Hong Kong. His words...
View ArticleCreditors rule Venezuela state oil firm PDVSA in default, which bonds...
A committee of creditors on Thursday ruled that Venezuelan state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default insurance to investors and deals another blow...
View ArticleThe ECB has joined in calls for a digital platform to trade bad loans
Eurozone authorities should create a an electronic platform to trade “non-performing” loans weighing down the single currency area’s banks, the European Central Bank urged Monday. “Market failures” are...
View ArticleUniversity of Oxford set to issue its first ever bond in an effort to raise...
The University of Oxford is to issue its first ever bond in an effort to raise £250 million ($332 million, 279 million euros) on financial markets, it said on Tuesday. It is the latest British...
View ArticleCrisis-wracked Venezuela has defaulted on two bonds, failing to make a $183...
Crisis-wracked Venezuela has defaulted on two bonds, failing to make a $183 million coupon payment, ratings agency S&P said Friday. The agency said OPEC-member Caracas failed to make the payment...
View ArticleAfter China’s own credit rating was cut by two US agencies, Chinese ratings...
A Chinese credit ratings firm has downgraded US debt, citing the political “deficiencies” and “factional rivalries” of the United States. The move comes after China’s own credit rating was cut by two...
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