Latest news with #CarlosCasanova
Mint
17-06-2025
- Business
- Mint
Treasury Selloff From Israel-Iran Tensions Is Likely to Linger
Selling pressure on 10-year US Treasuries from the latest round of Israel-Iran conflict is likely to have a lasting effect if past episodes of clashes between the two nations are any guide. Benchmark Treasury yields rose nine basis points since tensions between Israel and Iran turned into a direct conflict on Friday, as a surge in oil prices fanned inflation concern. Before that, Iran's direct strikes in April 2024 and another flare-up between the two nations in October had also pushed up Treasury yields rapidly and kept them elevated over a 30-day period, Bloomberg analysis showed. 'The market is quite volatile, with investors gravitating toward safe-haven assets and driving up crude prices,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. This is likely to result in an increase in 10-year US yields. The developments add to risks for Treasury investors who are already confronting worsening inflation worries from President Donald Trump's trade war and spiraling debt concern in the US. Traders demanding a higher premium for the risk of lending to governments are likely to propel yields higher with tensions in the Middle East impacting energy prices. US yields have risen across the board, but gains have been relatively less in shorter tenors, which has steepened the curve. Two-year yields in the US have risen eight basis points since Thursday's close. 'Steepening pressures on the Treasury curve could continue,' said Wei Liang Chang, Singapore-based macro strategist at DBS Group Holdings Ltd. 'Investors may weigh a rise in military expenditure over the longer term due to a more uncertain geopolitical environment, and risks of inflation turning sticky if oil prices are to stay elevated.' This article was generated from an automated news agency feed without modifications to text.
Yahoo
16-06-2025
- Business
- Yahoo
Treasury Selloff From Israel-Iran Tensions Is Likely to Linger
(Bloomberg) -- Selling pressure on 10-year US Treasuries from the latest round of Israel-Iran conflict is likely to have a lasting effect if past episodes of clashes between the two nations are any guide. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Benchmark Treasury yields rose nine basis points since tensions between Israel and Iran turned into a direct conflict on Friday, as a surge in oil prices fanned inflation concern. Before that, Iran's direct strikes in April 2024 and another flare-up between the two nations in October had also pushed up Treasury yields rapidly and kept them elevated over a 30-day period, Bloomberg analysis showed. 'The market is quite volatile, with investors gravitating toward safe-haven assets and driving up crude prices,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. This is likely to result in an increase in 10-year US yields. The developments add to risks for Treasury investors who are already confronting worsening inflation worries from President Donald Trump's trade war and spiraling debt concern in the US. Traders demanding a higher premium for the risk of lending to governments are likely to propel yields higher with tensions in the Middle East impacting energy prices. US yields have risen across the board, but gains have been relatively less in shorter tenors, which has steepened the curve. Two-year yields in the US have risen eight basis points since Thursday's close. 'Steepening pressures on the Treasury curve could continue,' said Wei Liang Chang, Singapore-based macro strategist at DBS Group Holdings Ltd. 'Investors may weigh a rise in military expenditure over the longer term due to a more uncertain geopolitical environment, and risks of inflation turning sticky if oil prices are to stay elevated.' American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P.
Yahoo
16-06-2025
- Business
- Yahoo
Treasury Selloff From Israel-Iran Tensions Is Likely to Linger
(Bloomberg) -- Selling pressure on 10-year US Treasuries from the latest round of Israel-Iran conflict is likely to have a lasting effect if past episodes of clashes between the two nations are any guide. Shuttered NY College Has Alumni Fighting Over Its Future As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space Do World's Fairs Still Matter? NYC Renters Brace for Price Hikes After Broker-Fee Ban As American Architects Gather in Boston, Retrofits Are All the Rage Benchmark Treasury yields rose nine basis points since tensions between Israel and Iran turned into a direct conflict on Friday, as a surge in oil prices fanned inflation concern. Before that, Iran's direct strikes in April 2024 and another flare-up between the two nations in October had also pushed up Treasury yields rapidly and kept them elevated over a 30-day period, Bloomberg analysis showed. 'The market is quite volatile, with investors gravitating toward safe-haven assets and driving up crude prices,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. This is likely to result in an increase in 10-year US yields. The developments add to risks for Treasury investors who are already confronting worsening inflation worries from President Donald Trump's trade war and spiraling debt concern in the US. Traders demanding a higher premium for the risk of lending to governments are likely to propel yields higher with tensions in the Middle East impacting energy prices. US yields have risen across the board, but gains have been relatively less in shorter tenors, which has steepened the curve. Two-year yields in the US have risen eight basis points since Thursday's close. 'Steepening pressures on the Treasury curve could continue,' said Wei Liang Chang, Singapore-based macro strategist at DBS Group Holdings Ltd. 'Investors may weigh a rise in military expenditure over the longer term due to a more uncertain geopolitical environment, and risks of inflation turning sticky if oil prices are to stay elevated.' American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software New Grads Join Worst Entry-Level Job Market in Years As Companies Abandon Climate Pledges, Is There a Silver Lining? US Tariffs Threaten to Derail Vietnam's Historic Industrial Boom ©2025 Bloomberg L.P. Sign in to access your portfolio
Straits Times
22-05-2025
- Business
- Straits Times
Chinese firms go on fundraising spree amid rush of easy money
Thaw in US-China relations has encouraged money managers from London to Singapore to boost exposure to China. PHOTO: BLOOMBERG BEIJING – Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the United States. The surge in inflows created by the waning of US exceptionalism and the US-China trade truce has fuelled one of the most active fundraising booms the region has seen in years. By far the biggest deal has been the share offering by Chinese electric-vehicle battery maker Contemporary Amperex Technology Co. Ltd (CATL), but that's just part of a wider groundswell. Hong Kong share sales have raised US$25.8 billion (S$33.3 billion) this year, about 34 per cent higher than the total for all of 2024, according to data compiled by Bloomberg. Mainland companies issued US$2.8 billion of US dollar bonds in the second week of May alone, one of the busiest stretches in Asia this year, data compiled by Bloomberg show. 'The worst-case scenario of super high tariffs is behind us,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. The market conditions in China appear to be more supportive than in previous years, while interest-rate cuts from the People's Bank of China have boosted liquidity, he said. CATL raised US$5.2 billion in its Hong Kong Kong debut on May 20, the largest listing in the world this year and the biggest in the city in four years. The shares jumped 16 per cent on their first trading day. The outlook is also improving for troubled mainland developers that had been largely shut out of dollar bond markets due to the property debt crisis. Seazen Group is meeting investors this week about a potential dollar debt sale, which may make it the first public bond offering by a major Chinese private-sector developer in more than two years. The fundraising boom is a stark turnaround from just a few months ago, when geopolitical uncertainty and climbing interest rates had throttled demand for Chinese assets. Now, the thaw in US-China relations has encouraged money managers from London to Singapore to boost exposure to China amid optimism the country may be shaking itself free from years of sluggish growth. 'The percentage of the allocation to the global money already picked up significantly' for mainland-traded Chinese firms listing in Hong Kong this year, said Shi Qi, deputy head of capital markets at China International Capital Corp. in Hong Kong, speaking on Bloomberg Television on May 21. 'We see Middle East sovereign funds and also some South-east Asian sovereign funds as well as other global long-onlys actually add their allocation to China,' she said. There's a healthy pipeline of future Chinese share sales, many of which are by companies without heavy reliance on US exports. Those lining up to list shares in Hong Kong include drugmaker Jiangsu Hengrui Pharmaceuticals and sensor manufacturer Hesai Group. BLOOMBERG Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
22-05-2025
- Business
- Business Times
Chinese firms go on fundraising spree amid rush of easy money
[HONG KONG] Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created by the waning of US exceptionalism and the Beijing-Washington trade truce has fuelled one of the most active fundraising booms the region has seen in years. By far the biggest deal has been the share offering by Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology Co Limited (CATL), but that's just part of a wider groundswell. Hong Kong share sales have raised US$25.8 billion this year, about 34 per cent higher than the total for all of 2024, according to data compiled by Bloomberg. Mainland companies issued US$2.8 billion of US dollar bonds in the second week of May alone, one of the busiest stretches in Asia this year, data compiled by Bloomberg show. 'The worst-case scenario of super high tariffs is behind us,' said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong. The market conditions in China appear to be more supportive than in previous years, while interest-rate cuts from the People's Bank of China have boosted liquidity, he said. CATL, as the battery giant is known, raised US$5.2 billion in its Hong Kong Kong debut on Tuesday (May 20), the largest listing in the world this year and the biggest in the city in four years. The shares jumped 16 per cent on their first trading day. The outlook is also improving for troubled mainland developers that had been largely shut out of US dollar bond markets due to the property debt crisis. Seazen Group is meeting investors this week about a potential US dollar debt sale, which may make it the first public bond offering by a major Chinese private-sector developer in more than two years. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Sharp turnaround The fundraising boom is a stark turnaround from just a few months ago, when geopolitical uncertainty and climbing interest rates had throttled demand for Chinese assets. Now, the thaw in US-China relations has encouraged money managers from London to Singapore to boost exposure to China amid optimism the country may be shaking itself free from years of sluggish growth. 'The percentage of the allocation to the global money already picked up significantly' for mainland-traded Chinese firms listing in Hong Kong this year, said Shi Qi, deputy head of capital markets at China International Capital Corp in Hong Kong, speaking on Bloomberg Television on Wednesday. 'We see Middle East sovereign funds and also some South-east Asian sovereign funds as well as other global long-onlys actually add their allocation to China,' she said. There's a healthy pipeline of future Chinese share sales, many of which are by companies without heavy reliance on US exports. Those lining up to list shares in Hong Kong include drugmaker Jiangsu Hengrui Pharmaceuticals and sensor manufacturer Hesai Group. BLOOMBERG
