Investor angst in financial markets is suggesting Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns. Source: Bloomberg Financial markets are suggesting the political drama surrounding Congressional efforts to raise the nation’s debt ceiling will play out more like the lesser of two recent showdowns….
A recent survey finds that German banks have tried to charge 20% of corporate customers negative interest rates. Source: Financial Times Almost one in five German companies has had their bank trying to charge negative interest rates — meaning they would have to pay the lender for the privilege of keeping their money on deposit….
Amazon sold $16 billion of bonds in a seven-part deal to finance its $13.7 billion acquisition of Whole Foods, and analysts were upbeat. Source: MarketWatch Amazon.com Inc. on Tuesday completed a $16 billion bond deal to fund its planned $13.7 billion acquisition of Whole Foods Market Inc. The issue came a day after ratings agency Moody’s…
The Bank of Canada is considering issuing more ultra-long bonds in the future by reopening 50-year bonds via a modified auction. Source: BNN TORONTO – Canada, which issued its first ultra-long bond in April 2014, is considering more in the future, the government said on Thursday. Any issuance would be done by reopening that 50-year bond…
For the first time, Apple is selling $2.5 billion of seven-year bonds in Canada – the biggest single-tranche debt offering by a foreign issuer in Canadian dollars. Source: Globe and Mail Apple Inc. is selling $2.5-billion of seven-year bonds in Canada to fund stock buybacks and dividends in what would be the biggest single-tranche debt…
Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt. Source: Bloomberg Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt. Deutsche Asset Management has reduced holdings of…
Tesla recently announced it would raise $1.5 billion through its first-ever offering of junk bonds to ramp up production of its new Model 3 sedan. Source: Reuters DETROIT (Reuters) – Tesla Inc said on Monday it would raise about $1.5 billion through its first-ever offering of junk bonds as the U.S. luxury electric car maker…
Canadian government bonds slumped to the lowest point in 23 years after the Bank of Canada raised interest rates on July 12. Source: Globe and Mail Investors are dusting themselves off after the worst two-month rout in Canadian government bonds in 23 years. Sovereign bonds lost 3.4 per cent in June and July, according to…
The Great Unwind of extraordinarily accommodative global monetary policy got underway in earnest in June, 2017. If the global and Canadian economies are faring so much better, why have returns for Canadian investors on globally diversified portfolios have been hammered since the first five months of 2017? Source: Ted Carmichael Global Macro The Great Unwind of extraordinarily…
The initial debt offering by Quebec-based Alimentation Couche-Tard Inc. was priced at very attractive terms for a three-part offering totalling US$2.5 billion. Source: Financial Post It is not the biggest initial debt offering by a Canadian company in the U.S. dollar market but at US$2.5 billion, the three-part offering by Quebec-based Alimentation Couche-Tard Inc. that was…
LONDON, UNITED KINGDOM, ENGLAND, February 27, 2024 /EINPresswire.com/
