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...Turkish sovereign dollar bonds maturing in March 2029 are at present trading with a yield of about 7.6 per cent....
...to cut interest rates more slowly than other major central banks....
...Remember, the Covid-19 pandemic caused a crisis of almost every other kind, but big US banks didn’t collapse....
...Recent comments by President Xi Jinping that the People’s Bank of China (PBoC) should launch a bond-buying programme to create more domestic liquidity may be the first sign that exchange rate targeting is...
...Théo Maret is an associate at Global Sovereign Advisory and writes a sovereign debt newsletter....
...We continue to favour high-quality sovereign debt, including US Treasuries....
...The stance taken by VR, which is headed by Richard Deitz, a co-founder of investment bank Renaissance Capital, and others also shows how a wartime standstill on payments that was granted to Ukraine for the...
...Investment bank PJT Partners and law firm Weil, Gotshal and Manges have been appointed as financial and legal advisers to the committee....
...Reza Baqir Former Governor, State Bank of Pakistan (2019-2022); Global Practice Leader of Sovereign Advisory Services, Alvarez & Marsal, Dubai, United Arab Emirates...
...The bank takes an optimistic view, and wrote that “2024 may finally be the year that proves that an exit path to prolonged sovereign defaults indeed exists,” thanks to Zambia’s deal, along with reports that...
...US Federal Reserve chair Jay Powell said on Tuesday it was likely to take “longer than expected” for inflation to fall to the central bank’s target level and make rate cuts appropriate....
...A reversal of that status quo risked upsetting financial stability. But on Tuesday, after eight years in the negative, the Bank of Japan governor Kazuo Ueda pulled it off in smooth style....
...Ghana’s bid to resolve its sovereign debt default has hit a stumbling block after the IMF said a proposed restructuring deal with holders of $13bn of international bonds does not go far enough in reducing...
...Private investors have piled into UK government bonds this year to lock in attractive yields as the Bank of England has kept interest rates at a 16-year high....
...But there is a risk that these types of central bank intervention will become more common and persistent. Attempts to push central bank losses on commercial banks can also be a form of repression....
...Then, from 2022 to 2023, fears of a recession due to central bank rate hikes and disagreement over the prospects of a soft landing kept markets highly sensitive to any indication of a downward inflection...
...gillan.tett@ft.com Letters in response to this column: IMF can help fix the system of sovereign debt restructuring / From Reza Baqir, Former Governor, State Bank of Pakistan (2019-2022); Global Practice...
...He has also held roles at AIG Financial Products, Morgan Stanley, the IMF and the Reserve Bank of New Zealand....
...But a string of blockbuster jobs data and an acceleration in inflation since then have all but killed off hopes that the Fed and other global central banks will rapidly loosen monetary policy....
...Only half the bonds have a provision to lose their green label if projects funded are found not to meet eligibility requirements, according to the bank....
...A Bank of America note published yesterday says: By a quirk of timing, the April energy price cap reduction is likely to help propel UK inflation to target, but things are not so pretty under the hood,...
...The new financial support for Egypt has included an $8bn IMF loan, $6bn from the World Bank over three years and more than $7bn from the EU until 2027....
...Argentina has refinanced about $50.3bn worth of peso-denominated sovereign debt in a record bond swap aimed at relieving pressure on public accounts and easing the path for libertarian President Javier Milei...
...Letter in response to this article: IMF can help fix the system of sovereign debt restructuring / From Reza Baqir, Former Governor, State Bank of Pakistan (2019-2022); Global Practice Leader of Sovereign...
...Turkey’s sovereign wealth fund is pressing ahead with plans for a debut international bond deal, testing investor appetite for Turkish assets after last week’s central bank shake-up....
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