Latest news with #sovereignbonds
Bloomberg
15 hours ago
- Business
- Bloomberg
Argentine Bonds Drop As Milei's Veto Suffers Setback in Congress
By and Nicolle Yapur Save Argentine sovereign bonds fell Wednesday after lawmakers dealt a blow to one of President Javier Milei's vetoes as congressional opponents pushed back against his austerity campaign before October midterm elections. Argentina's Lower House rejected the libertarian leader's veto of a bill that seeks to expand public spending on disability aid in a landslide 172-73 vote, achieving the two-thirds majority to send the legislation back to the Senate where Milei has even less support.
Bloomberg
01-07-2025
- Business
- Bloomberg
Saudi Arabia Debt Market Draws $533 Million in First OTC Trades
Saudi Arabia is seeing fresh debt trading activity after launching over-the-counter settlement for sovereign riyal bonds in an effort to develop the kingdom's capital markets and draw more foreign investors. About 2 billion riyals ($533 million) was traded over the counter in June, the first full month that the settlement option was available, according to data from exchange operator Saudi Tadawul Group.
Bloomberg
26-06-2025
- Business
- Bloomberg
Indonesia's Yield Curve May Steepen as BI Unwinds Intervention
Indonesia's sovereign yield curve is set to steepen as the central bank reduces its use of short-term rupiah securities, prompting a shift in demand toward government bonds. The spread between 2- and 10-year bond yields this week reached the widest since June 2023. Bank Indonesia is in an interest-rate cutting cycle and investors are redirecting funds from a set of rupiah-denominated tools, so-called SRBI securities, into sovereign bonds — thus likely sinking front-end yields.
Bloomberg
24-06-2025
- Business
- Bloomberg
Chinese Bond Buyers Look to Arbitrage Trades to Juice Up Returns
China's government bond yields have been going sideways for months but traders have found at least one way to juice up returns: arbitrage. A popular strategy involves bidding at auctions of longer-maturity sovereign bonds at prices lower than those at the secondary market, in the hope of reaping a profit by offloading them once they start trading, according to underwriters who asked not to be identified as they aren't allowed to speak publicly. The difference can be as little as one basis point.
Bloomberg
23-06-2025
- Business
- Bloomberg
Mexico Joins Rush of Borrowers Tapping Global Debt Markets
Mexico is looking to sell global notes for the third time this year as sovereign and corporate borrowers rush to tap debt markets Monday. The country is offering global notes due July 2032 and January 2038, according to a preliminary prospectus. Proceeds will go to redeem dollar notes due next year and fund the repurchase of some other outstanding sovereign bonds, according to the filing.
