Trudeau Unveils $10.5 Billion in Tax Cuts to Keep Up With Trump

Canada’s cumulative 5-year budget deficit to rise to $83.5 billion as the Liberal Government unveiled corporate tax breaks to businesses worth $10.5 billion, allowing businesses to write-off capital investments more quickly. This decision is bound to increase government borrowings and debt issuances. Source: Bloomberg Justin Trudeau is offering tax breaks to business instead of cutting…

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Jumbo gov’t deals lift 2016 sovereign emerging bond sales to record high

2016 saw emerging markets raising $450 billion in global bond markets, with 2017 expected to be robust Source: Thomson Reuters Dec 22 Emerging governments and companies have raised close to $450 billion on global bond markets in 2016, with sovereign sales hitting record highs, and issuance next year will likely be robust as borrowers scramble to…

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More Than One Worry Is Hitting Bond Markets

Bond yields keep going up in response to higher inflation, lower global risk, and changing central-bank policies. Source: The Wall Street Journal There is a little bit of fear creeping into government bond markets. It is about time, even if investors are still underestimating how much long-term Treasury rates could rise from here. Government bonds are…

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Bank Of China Plans Multi-Currency Green Bond

By entering the green bond market, the Bank of China potentially signals their interest in tackling increased pollution. Source: Morning Star Bank of China is planning a multicurrency green bond offering to fund eligible green projects, according to a mandate announcement. The Chinese lender plans to issue U.S. dollar-denominated and euro-denominated green bonds via its Luxembourg branch,…

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Education Management Corp. Seeks to Reverse Ruling Protecting Minority Bondholders

Lawyers for firm say ability of businesses to restructure debt outside of bankruptcy proceedings is on the line Source: The Wall Street Journal Warning that the ability of troubled businesses to restructure their debt outside of bankruptcy proceedings is on the line, lawyers representing for-profit education company Education Management Corp. and its lenders have urged an…

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As Bond Yields Rise, Some Investors Fear Another False Dawn

Promising signs in the bond market, as yields are heading higher around the world, a move typically linked to rising expectations of economic growth and inflation. Source: The Wall Street Journal As the Federal Reserve’s policy-setting committee prepares to meet on Tuesday, one signal suggests that investors believe the economy, and financial markets, may be finding…

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