Global Bond News

China Development Bank said Friday it will sell at least US$400 million worth of three-year bonds on the domestic interbank market Thursday.

Indian government bonds fell after an unscheduled hike late Friday in both key policy rates by the central bank that took the market by surprise and dampened sentiment.

Spain successfully sold €3.5bn in bonds on Thursday in spite of warnings from one of the leading rating agencies that the country could be stripped of its triple A credit status.

U.S. corporate bond issuance, which dried up in May as the market was buffeted by Europe’s sovereign debt crisis, will soon recover as that upheaval slowly abates, Bank of America Merrill Lynch said on Monday.

A Hong Kong-based toll road company will sell renminbi-denominated bonds to international investors this week in a little-noticed deal that marks an important change in China’s currency controls.

Credit Agricole has. And as the French bank notes, eurozone banks have been rather big buyers of eurozone government debt in recent years — currently owning 26 per cent of Europe’s sovereign bonds.

The South Korean won was largely flat late Friday, after earlier gains were almost wiped out by fund repatriations related to foreign selling of domestic stocks and a fall in the benchmark stock index.

Investors, spooked by the roller coaster ride in the equity markets, the “flash crash,” and sovereign debt problems overseas, are flocking to bond funds for safety and yield.

Bonuses for Wall Street’s top executives should be tied to a basket of the firm’s securities, including bonds and stocks, to align managers with all stakeholders and discourage excess leverage and risk, Harvard Law School professor Lucian Bebchuk said.

With July – the month that bond maturities are expected to peak – fast approaching, some fixed rate bond providers have upped their game in the competition through increased rates, offering higher returns for savers.