Bonds
Default Rate Declines to 0.3% as Seen in Junk Bond Yields: Credit Markets Investors in the lowest rated
corporate bonds are looking past concern that worsening
government finances will derail the economy, paying prices that
imply the fastest drop in defaults in more than a decade.
European Finance Ministers Urged to Skirt Question of Greek Debt Default European Union finance ministers were
instructed last week to skirt questions on a possible bailout of
Greece and emphasize their support for the government’s deficit-
cutting measures, according to a draft document.
Portugal Hires Banks to Issue Bonds as European Deficit Concerns Persist Portugal hired banks to help it sell
bonds amid concern the nation will be forced to pay more to
borrow as it struggles to cut its budget deficit.
Treasuries Tumble on Prospect European Union Will Provide Help to Greece Treasuries tumbled for the first time
in four days as the European Union held out the prospect of
aiding Greece in return for progress by the country in reducing
its budget deficit.
Commercial Paper Investors Recoup Losses a Year After Swap: Canada Credit New Gold Inc., Acceleware Corp. and
other companies once saddled with insolvent commercial paper in
Canada are recouping as much as 60 percent of their investments
a year after a C$32 billion ($30 billion) debt swap.
Greek Government Bonds Surge as EU's Rehn Offers `Support in Broad Sense' Greek bonds jumped after the European
Union signaled it may aid Greece in return for progress by the
country in reducing the bloc’s biggest budget deficit.
U.K. Gilts Decline After House Price Increase Stokes Inflation Speculation U.K. 10-year bonds fell after a
report showed house-price gains last month topped economists’
predictions, fueling concern that the government may struggle to
sell record amounts of debt as inflation accelerates.
Pimco Adds to Polish Debt Holdings Amid Signs Greece to Receive Bailout Pacific Investment Management Co.,
manager of the world’s biggest bond fund, added to its holding
of Polish debt today amid signs that Greece will receive a
bailout package, said Michael Gomez, the firm’s co-head of
emerging markets.
Asia to Pay Higher Yields at $3 Billion Debt Auctions, Allianz, CIMB Say Asian developing nations will need to
pay the highest yields in at least a month to borrow $3 billion
through bond sales this week as central banks prepare to raise
interest rates, Allianz Investment Management Ltd. and CIMB-
Principal Asset Management Bhd. said.
Japan's Bonds Advance as Europe's Fiscal Woes Spur Demand for Safer Assets Japan’s government bond advanced,
sending 10-year yields to the lowest level in a week, as stocks
extended a slump on speculation deteriorating finances in
Europe will derail the global economic recovery.
Australian Sovereign Debt Risk Is Near Nine-Month High on Greece Concern The cost of protecting Australian
government bonds from default jumped to close to a nine-month
high as growing concerns about sovereign credit risk in Europe
hurt other debt around the world.
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