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...bonds....
..., Goldman Sachs, Morgan Stanley, Bank of America and Citigroup....
...This means that if a bank lends cash to a hedge fund in exchange for temporary ownership of a Treasury bond, and the value of the bond decreases just as the hedge fund defaults on the trade, the bank loses...
...Turkish sovereign dollar bonds maturing in March 2029 are at present trading with a yield of about 7.6 per cent....
...Remember, the Covid-19 pandemic caused a crisis of almost every other kind, but big US banks didn’t collapse....
...A record amount of money has flooded into US corporate bond markets this year, as investors rush to lock in the highest yields in years ahead of an anticipated series of interest rate cuts by the Federal...
...Bank of America has shoved back its call for the first Fed cut from June all the way out to December — a huge jump for a tweak that typically moves in increments of one or two months at a time and that opens...
...Supported by the world’s largest economy, the currency is a magnet for nearly 60 per cent of all central banks’ foreign exchange reserves....
...offer pledges to buy back bonds if they fall below a certain price, which are commonly used in Argentine bond auctions....
...the mood of the whole global risk market”, according to Deutsche Bank strategist Jim Reid....
...However, pre-2022 most of US banks’ bond portfolios were actually classified as “available for sale”, presumably because the near-one-way movement of yields over the past four decades made it seem like a...
...They’re not actually allowed to fail, because primary dealers — a club of big banks — provide a backstop....
...So January’s usual flurry of bank-bond sales (following 4Q results) has been more of a blizzard this year....
...The mechanics of the NAIC’s rule change (as described by Barclays, Bank of America, regulators, industry groups and various other sources) are . . . not especially simple....
...secure bank credit that could then back a surety bond....
...more details about the bond....
...“We see the bond-equity correlation shifting back to negative this year,” said George Saravelos, global head of FX research at Deutsche Bank....
...The flipside is an explosion of lending by bond funds and other investment vehicles that are often collectively called “shadow banks”....
...Bond investors are warming to a host of countries locked out of international markets for the past two years, raising hopes that a debt crisis in the developing world may be starting to ease....
...Aditya Bhave, an economist at Bank of America, wrote in a note to clients that March’s “blowout” retail sales numbers were “unequivocally strong”....
...Passive QT seems to provide a signal of the central bank’s commitment to tighter monetary policy, thereby increasing bond yields at the short end of the yield curve....
...According to Michael Youngworth, a convertible bond strategist at Bank of America, a slower than expected fall in inflation is also encouraging companies to issue debt sooner rather than later....
...It is seen to be maxed out, with central banks owning about a third of their government bond markets....
...Market participants added that a fresh deluge of dollar-denominated bond issuance has also acted as a temporary brake on US spreads....
...Silicon Valley Bank became the largest bank failure since 2008 after it was caught in a downward spiral caused by deposit flight and losses on bond sales. Life insurers faced similar issues....
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