UK sells £1bn of bonds on most expensive terms since 2004 More on today’s UK government bond auction (see post at 10.10am GMT) – Reuters have crunched the numbers. The bond sale attracted solid demand, but it was on the most expensive terms since 2004, underscoring the cost to taxpayers from a recent sell-off in … Read more
BOND ISSUE ADVANCED — On Monday, Toronto Council took the last step needed to place a bond issue for the city’s fire department on ballots in the city’s May 6 primary election. — Warren Scott TORONTO — Voters in Toronto’s May 6 primary election will consider passage of a bond issue … Read more
New York CNN — In early 1993, President Bill Clinton looked to push through the economic stimulus package he had touted on the campaign trail. But those promises were stopped dead in their tracks by a formidable opponent: the bond market. Clinton was forced to abandon much of the economic plan and shift focus to … Read more
Mutual funds investing in debt securities are among the most secure options for earning regular income while protecting the capital invested. Funds that are part of this category bring a great deal of stability to one’s portfolio with a large proportion of equity, while providing dividends more frequently than individual bonds. U.S. government bond funds … Read more
Governments around the world are uncomfortably watching their borrowing costs rise, following the lead of the U.S. Treasury market. But even in a global rout in bonds, Britain stands out. British government bonds, known as gilts, are suffering a particularly harsh sell-off, as investors recoil from the country’s low economic growth, stubborn inflation and high … Read more
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Rates are making investors nervous. Specifically, the 10-year Treasury yield. Climbing to 4.8% on Monday and a stone’s throw from 5%, the 10-year Treasury yield is at a level that makes investors cautious. … Read more
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields … Read more
LONDON (Reuters) – High government spending and a growing need among big economies – from the United States to Britain and France – to tap bond markets to fund their outlays have shot up the list of concerns for some policymakers and investors. This year has started with a selloff across global government bond markets, … Read more
People have spent a lot of time saving for their retirement and the last thing they need is for market movements to reduce the size of their pension just as they come to access it. The key questions centre on much used “lifestyling” strategies, which move members out of assets like shares into so-called safer … Read more
SAN DIEGO (CNS) — The San Diego Community College District has sold $850 million of bonds following the passing of Measure HH last November, it was announced today. That $3.5 billion bond measure is intended to upgrade the district’s campuses throughout San Diego and was passed by more than 60% of voters. The general obligation … Read more