Latest news with #globaldebtmarkets
Bloomberg
27-05-2025
- Business
- Bloomberg
Traders Brace for Japan's 40-Year Bond Sale After Yields Swoon
Investors are on tenterhooks Wednesday for an auction of 40-year Japanese government bonds as volatility in the nation's yields continues to rumble through global debt markets. The sale is seen as a key test for longer-maturity bonds amid concern from Tokyo to New York that rising government spending will take budget deficits into dangerous territory. The challenges in Japan's bond market are amplified by the central bank rolling back its purchases and reluctance of institutional investors to fill the gap.
Arab News
25-05-2025
- Business
- Arab News
Kuwait authorizes Investment Authority to borrow abroad, central bank to borrow domestically
KUWAIT CITY: Kuwait's minister of finance has authorized the country's Investment Authority to carry out foreign borrowing operations and the Central Bank of Kuwait to conduct domestic borrowing operations on behalf of the ministry. In March, Kuwait issued a decree law on public debt that outlined a framework for managing public borrowing, as the country prepares to return to global debt markets for the first time in eight years. The law allows the government to issue financial instruments with maturities of up to 50 years and sets a ceiling for public debt at 30 billion Kuwaiti dinars ($97.9 billion), or its equivalent, in major convertible foreign currencies, said a statement on the official gazette. Article 1 of the decision, signed by Finance Minister Noura Al-Fusam, authorizes the Central Bank of Kuwait, on behalf of the Ministry of Finance and 'in coordination and consultation' with it, to carry out borrowing operations in Kuwaiti dinars or major convertible foreign currencies within the state 'in accordance with recognized financial instruments and methods.' Article 2 authorizes the Kuwait Investment Authority, on behalf of the Ministry of Finance and 'in coordination and consultation' with it, to carry out borrowing operations in major convertible foreign currencies in global markets 'in accordance with recognized financial instruments and methods.' The last time Kuwait issued bonds was in 2017.
