French agencies nip in ahead of ECB globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
By Lewis McLellan
01 Mar 2021
The UK is set to announce the world’s first sovereign green bonds for retail investors. The proceeds will help to finance projects aimed at achieving the country’s target of reducing greenhouse gas emissions to net zero by 2050.
The green retail product will, like wholesale green Gilts, fall under the UK’s green bond framework, which will be set out in the coming months.“It’s an exercise in political signalling primarily,” said a Gilts portfolio manager. “It’s more expensive funding than the Green Gilts that are coming,
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The rise in US Treasury yields has begun to sour. While at first it was hailed as an indication that investors were anticipating rapid economic recovery and stimulus-borne inflation, it seems now to have outstripped inflation expectations. The sell-off shows little sign of slowing, and if the volatility does not abate, primary markets could begin to suffer.
EM bonds start to suffer as UST volatility takes toll globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.
By Lewis McLellan
26 Feb 2021
The US Treasury held a seven year auction on Thursday, coming in the midst of a sharp sell-off in the Treasury curve. The result was the Treasury’s worst bid to cover ratio since 2009.
The US Treasury offered $62bn after receiving bids of $126.78bn, implying a bid to cover ratio of 2.04. One rates analyst called it “a shocker”.
The poor results drove US 10 year Treasury yields briefly over 1.6%, though they have since subsided to 1.46%. It was a weak day
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