County Bond Financial News

₹25 trillion. And Buffett isn't just sitting on it; he's earning significant interest income from US government bonds. As the Oracle of Omaha sits on this colossal pile of cash, the financial world is abuzz with speculation.

Casino Royale consists of three measures of ice-cold Gordon’s gin, 1 measure of vodka, 1/2 measure of quinine-based Kina Lillet (the brand no longer exists so is usually replaced by dry vermouth or Lillet Blanc), shaken and served in a goblet with a thin slice of lemon peel. Over time, the original Vesper Martini was replaced in the Bond movies by the secret agent’s new preference, the vodka Martini. Historically, the Martini has seen many passionate advocates, from Franklin D.

Though infrastructure is financed jointly by central, state and local governments through grants and transfers, the operational and maintenance costs must be met by the cities. However, these cities are already struggling with limited municipal revenues. Accordingly, the basic urban infrastructure in India is poorer than those in the OECD and BRICS nations.

DekaBank announced on July 11 that it issued a digital bond directly to Melzer Bank using the European Central Bank’s Distributed Ledger Technology (DLT) settlement trials.

interest rates are, it means different things to different people. Generally, the topic goes to where RBI sets interest rates (“kya lagta hi?”). Inflation and inflationary expectations will be discussed. More involved participants will look at where the 10Y Indian Government Bonds are trading. But as you come closer to the bond desk, the talk will move to the yield curve. So, the focus will be on which tenure security to take – referred to the point in the yield curve. This is because the shape of the yield curve constantly changes and provides opportunities to investors. Various strategies are adopted – barbell, bullet, on-the-run vs off-the run securities to try maximising returns/minimising pain. Now, the market has been divided into which part of the curve to remain focussed on, as the yield curve has flattened. Whether you take 1y Tbill or 30yGSEC, the rates are around 7%, give or take. The RBI repo rate as everyone knows, is 6.5% — the next move, we and the market believe, will be down, but the timing is not clear basis current inflationary dynamics. Some market participants therefore feel it is better to be in the shorter end (say 5Y) of the curve, as eventual rate cuts will result in curve to become steeper ie. 5Y yields will decline more than say a 15 year, but yet offer protection if the rates were to rise.

Global players such as hedge funds have tapped into the global networks of foreign banks in India to avail of an Offshore Derivative Instrument (ODI) referred to as a Total Return Swap and gain much-desired exposure to rupee-denominated debt as the foreign flows push down local bond yields.

Indian government bonds eligible for inclusion in the JPMorgan Chase & Co. index look poised to deliver their best monthly returns in nearly a year, helped by fresh foreign inflows and a record central bank payout. The so-called Fully Accessible Route notes, which have no restrictions for foreigners, returned 1.3% in May so far, according to a Bloomberg index. If that result holds, it would be the best monthly performance since April 2023.

interest rate hikes, ever! The immediate impact? Bonds lost in double digits. The returns they made in over a year were wiped out in a span of weeks. For instance, the Total Bond index, which tracks the US investment grade bonds, marked 2022 as its worst year on record going back 250 years.

The room on the roof is my sanctuary, my escape from the world. — The Room on the Roof, Ruskin Bond It’s been almost 70 years since The Room on the Roof, a coming-of-age story about Rusty, a lonely young Anglo-Indian boy, was first published. In those seven decades, its author Ruskin Bond has himself become a sort of sanctuary for generations of Indians, their place of escape from the world. It’s a place of whistling night trains, whispering deodar trees and wistful ghosts.

Athey joins existing manager Niall McDermott on the £214.8m IFSL Marlborough Global Bond and £8.4m IFSL Marlborough Bond Income funds. He joins following the departure of Danny Fox from the Income fund, who left the firm in January to pursue other opportunities, according to a spokesperson from Marlborough. Prior to joining the firm at the start of this month, Athey was a senior portfolio manager in the team managing abrdn's European and global government bonds.  According to his LinkedIn profile, Athey left abrdn at the end of December 2023. Athey will report to the group's CIO...

Ahead of India’s inclusion in the JP Morgan GBI-EM Global Index Suite, the majority of the clients of the index have their accounts set up to trade in Indian government bonds, with any “teething issues” related to operational readiness rather than barriers to entering the local market, Gloria Kim, Managing Director, Global Head of Index Research & Co-Head of Global ESG Research, J.P. Morgan, said to ET. Edited excerpts: Ahead of India’s June 28 inclusion in the GBI-EM Global Index Suite, how have operational metrics evolved in the country’s bond markets? Are global clients prepared for the process? Gloria Kim: Based on the annual Index Governance Consultation process, market feedback so far has been largely positive. Majority of our clients already have their accounts set-up to trade in the IGB market. Moreover, we see positive market momentum as there are now several India-focused Bond ETFs and UCITs funds offering intra-day liquidity. As always, there are still teething issues when entering a new market, however we have found these to be related to mostly operational readiness and flexibility of counterparties and custodians rather than barriers to entry.

Riddell is lead portfolio manager of the £1.2bn Gilt Yield, £140m Index-Linked Gilt and £18m UK Government Bond strategies, and co-lead manager of the firm's flagship £924m Strategic Bond fund.  A spokesperson for AllianzGI said Riddell will be leaving the firm to pursue an opportunity outside of the company in July. From June, his strategies will be managed by the global markets team, led by core fixed income CIO Julian Le Beron, to whom he reported.  Allianz GI global equity growth CIO to exit alongside four portfolio managers In a statement, the asset manager said that adopting ...

Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market. The dollar rose as far as 160.245 yen in a sudden move after the yen traded in a narrow 158.05-158.15 range in early deals.

The iShares fixed maturity range will now comprise 13 UCITS ETFs, with maturities ranging from 2025 to 2029. BlackRock noted the latest launches – namely iShares iBonds Dec 2027 Term $ Treasury UCITS ETF; iShares iBonds Dec 2029 Term $ Treasury UCITS ETF; iShares iBonds Dec 2026 Term € Italy Govt Bond UCITS ETF; iShares iBonds Dec 2028 Term € Italy Govt Bond UCITS ETF — mark the first time iShares iBonds will provide exposure to European government debt. BlackRock launches two active iShares ETFs in Europe Two of the four ETFs will provide maturities in US government debt in 2027 a...

China’s finance ministry has said it is in favor of the central bank resuming trading Treasury bonds, a move that would see the monetary authority dust off a rarely used tool in its policy kit. Officials at the ministry said that they would support the People’s Bank of China gradually restarting to trade Treasury bonds in open-market operations as they look to better coordinate the country’s fiscal and monetary policies.

Since the great financial crisis of 2007-08, regulators have engaged in the biggest push since the 1930s to de-risk the global financial system. Yet instability and flawed risk management have proved extraordinarily resistant to this regulatory onslaught.

He will be succeeded by head of private assets Will Nicoll, who will retain his current responsibilities alongside taking over the leadership of the fixed income team. Last year, Platt stepped down from managing the Royal London Corporate Bond fund, but remained as manager of the Royal London Bond Monthly Income trust. Piers Hillier, CIO at RLAM, commended Platt for his «extraordinary career» at the firm, as he had been responsible for building the fixed income offering «from scratch». Royal London AM chief distribution officer Rob Williams exits after 11 years «A tenure of near...

WHEN THE COMMANDING billionaire Vlad Doronin asks you to do something, he’s not really asking. So when, during an interview at his Miami Beach mansion, the Soviet-born Doronin directs me to lie down on a table so he can demonstrate a scary-looking machine, I don’t even inquire what the device does. I just climb onto the table in my form-fitting dress and heels, and the owner of the ultra-luxury Aman hotel brand places a plastic wand on my abdomen.

cutting interest rates in the second half of this year. The RBI is also expected to follow the US Fed by cutting interest rates. Let us understand whether this is a good time to invest in debt funds.

yen is at three-decade lows and under enough pressure to prompt strong official warnings of intervention to prop it up. The yen has fallen despite Japan's first interest rate hike since 2007 and optimism about the economy. It traded at 153.24 per dollar on April 10, its weakest since 1990 and in real terms it is at its weakest since at least the 1970s.

SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF, SPDR Bloomberg 7-10 Year US Treasury Bond UCITS ETF and SPDR Bloomberg China Treasury Bond UCITS ETF will be delisted from Borsa Italiana on 10 July. On 10 May, SPDR MSCI EM Asia UCITS ETF will be removed from Euronext Paris and SPDR MSCI Japan EUR Hdg UCITS ETF will be taken off the London Stock Exchange. Fidelity Investments imposes fee penalty on ETF investors for non-compliant issuers SSGA said it regularly reviews the exchanges ETFs are listed on and in a recent review, decided to delist the funds to «concentrate liquidity» o...