(Bloomberg) — Treasuries extended losses after Chinese regulators were said to have advised the nation’s financial institutions to rein in their holdings of US government bonds due to concerns over market volatility. Yields on 10-year Treasuries climbed as much as four basis points to 4.25% before paring the increase to two basis points. The rate…
MOSCOW (Reuters) – Russia on Monday warned it would go after any European state that sought to take its assets after reports that the European Union is looking for new ways to leverage hundreds of billions of dollars of frozen Russian assets to help Ukraine. The U.S. and its allies prohibited transactions with the Russian…
The Hong Kong government announced plans for regular digital bond issuances as part of its digital assets Policy 2.0 statement in June. To date it has issued a tokenized green bond in 2023 and a far larger natively digital green bond issuance in 2024 of more than $750 million. According to Bloomberg, it has now…
Stocks in Asia were lower overnight, following the global trend, with the Nikkei (^N225) fell 0.9% on the day in Japan, while the Hang Seng (^HSI) fell 0.6% in Hong Kong. Yields on Japan’s longer maturity JGBs continued to be at multi-decade highs, following the global selloff in bonds and political uncertainty in the nation….
Hong Kong’s deficit rose by almost 25 per cent in one month to HK$115.9 billion (US$14.9 billion) by the end of July, according to the results for the 2025-26 financial year released on Friday. The figure, representing results for the first four months of 2025-26, compares with a deficit of HK$93.9 billion at the end…
Chinese sovereign bonds are coming under pressure as growing optimism over local stocks drives the correlation between the two markets toward the most extreme levels since the pandemic. The 90-day correlation between the CSI 300 Index and the Bloomberg China Treasury Total Return Index is heading toward its most negative level since 2020. The bond…
(Bloomberg) — China’s economy surprised with signs of improvement even as deflationary pressures persisted and employment weakened, throwing fresh doubt over the likelihood of further monetary stimulus by Beijing in the face of higher US tariffs. Most Read from Bloomberg Factory activity and construction had their strongest month of the second quarter in June, according…
China’s factory activity improved for a second month but remained in contraction, as trade rebounds after the ceasefire in the tariff war with the US while weak domestic demand weighs on the economy. The official manufacturing purchasing managers’ index was 49.7 in June, versus 49.5 in the previous month, slightly exceeding the median estimate in…