Bonds
Treasuries Gain as Dubai Debt-Payment Delay Spurs Global Risk Aversion Treasury two-year notes advanced,
pushing the yield to its lowest level in 11 months, after
Dubai’s proposal to delay debt payments sparked a global slide
in stocks and higher-yielding assets.
Credit-Default Swap Reforms Roiled as Aiful, Cemex, Thomson Test Payments Wall Street’s system for determining
payments on derivatives linked to the debt of defaulted
companies is showing cracks less than a year after securities
firms changed practices to avoid “Draconian” regulation.
Dubai Woes May Escalate to `Major Sovereign Default,' Bank of America Says Dubai’s debt woes may worsen to
become a “major sovereign default” that roils developing
nations and cuts off capital flows to emerging markets, Bank of
America Corp. said.
Miami May Delay $120 Million Bond Offering on Audit, Possible SEC Inquiry Miami may delay a $120 million bond
sale after an audit showed lax budget practices and the city
learned of a possible U.S. Securities and Exchange Commission
inquiry, Mayor Tomas Regalado said.
U.K. Gilts Rise as Stock Markets Fall, Darling Set to Revise 2009 Estimate U.K. 10-year gilts rose, set for
their third consecutive weekly gain, as a decline in stocks and
speculation the government will downgrade forecasts for the
economy boosted demand for safer assets.
BAA Funding Raises 700 Million Pounds in Sale of Bonds Redeemable in 2026 BAA Ltd., the owner of London’s
Heathrow airport, sold 700 million pounds ($1.1 billion) of
bonds through BAA Funding Ltd.
Japan's Bonds Rise as Yen Jumps; Five-Year Yields Reach Lowest Since 2005 Japan’s government bonds rose,
sending five-year yields to the lowest since 2005, as stocks
declined on speculation the yen’s gain to a 14-year high against
the dollar will hurt exporters and deepen deflation.
Hanwha Investment Raises Longer-Term Korean Bond Holdings on Economy Woes Hanwha Investment Trust Management
Co., South Korea’s second-largest bond fund manager, is buying
longer-dated debt as the nation’s economy still faces risks, the
chief investment officer of the fixed-income group said.
China Sells 50-Year Bonds at Lower-Than-Expected Yield on Insurer Demand China’s finance ministry completed
its first sale of 50-year debt at a lower-than-expected yield as
brokerages said life insurers purchased the securities.