Bonds Plunge, Moody’s Sees External Position under Stress
Karachi: Sovereign bonds plunged on Friday after Pakistan’s bailout talks with the IMF ended without a deal. The country’s bond which was due to be paid off as soon as possible, in April 2024, fell 4.6 cents on the dollar or about nine percent. Other bonds with longer repayment dates fell between two and three […]
Global Stocks Fall Extends to Asia After the US CPI
Asian stocks, bonds, and currencies fell in the wake of the widespread sell-off on Wall Street after warmer-than-expected inflation data fueled bets on jumbo interest rate hikes by the Federal Reserve. Stock indexes in Japan, Hong Kong, and Australia plunged after U.S. stocks had their biggest drop in more than two years, with the S&P […]
Global Investors Sell Most of China Government Bonds in June
Foreign investors cut their holdings of Chinese sovereign bonds by the largest amount on record in June. It is reflecting a surge in capital outflows as global central banks raise rates as Beijing eases. Foreign investors reduced their positions in China’s onshore sovereign bonds by 55.9 billion yuan ($8.3 billion) last month, the most since […]