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09.09.26 - 10:30
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Debut Offerings: Amazon Sterling Bonds; Uber Euro Bonds (Bloomberg)
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Amazon.com Inc. kicked off the sale of its debut sterling bonds in a four-part deal, as hyperscalers continue to turn to global debt markets to fuel the artificial intelligence arms race. Uber Technologies Inc. has started offering its debut euro bonds, with a five-part deal that is set to price later on Wednesday. Bloomberg's Anna Edwards and Tom Mackenzie have the details. (Source: Bloomberg)...
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08.09.26 - 20:18
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Bank of England′s tricky balancing act in dealing with global bond shock | Letter (The Guardian)
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Complicated trade-offs raise the issue of whether the government needs to change its relationship to the Bank of England, says Prof Costas MilasYour editorial (The Guardian view on the global bond shock: Andy Burnham should take note, 1 September) implicitly suggests that the global bond shock will bring firmly into focus our government's fiscal responsibility.Fiscal responsibility is a precondition for avoiding a further rise in the UK's cost of borrowing. Nevertheless, fiscal policy has to be considered together with monetary policy. In fact, the current rise in UK yields poses a huge challenge for the Bank of England's policymakers, who will make their next decision on UK interest rates on 17 September. This is when the Bank's monetary policy committee (MPC) will announce the amount of government bond sales (or quantitative tightening, QT) to be pursued over the next 12 months. Continue reading......
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08.09.26 - 20:18
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UK government pays highest interest rate on 30-year bond since 1998 (The Guardian)
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High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday, underlining the fiscal challenges facing the chancellor, John Healey.Echoing the global bond market sell-off that has driven up yields, or interest rates, on government borrowing across the main markets, the Treasury paid 5.82% to borrow £4bn. Continue reading......
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08.09.26 - 12:42
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Amazon Hires Banks for Debut Sterling Bond Sale (Bloomberg)
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Amazon.com mandated banks for a debut sterling bond offering, with the deal expected to launch as soon as Wednesday. The company plans to offer tranches ranging from three years to 19 years. Neil Campling reports on Bloomberg Television. (Source: Bloomberg)...
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07.09.26 - 08:12
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Chancellor to argue UK economy can ′turn corner′ despite bond market turmoil (The Guardian)
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John Healey speech on Monday will stress links between fiscal discipline and growth amid concerns his cautious approach jars with Burnham's radical plansJohn Healey will argue the government's plans to boost growth across the whole country will enable the British economy to “turn a corner” despite anxiety over volatile bond markets derailing Labour's crucial first budget.The chancellor is expected to argue that fiscal discipline is “indivisible” from good growth, especially at a time of difficult global headwinds, amid concerns that his cautious approach jars with Andy Burnham's more radical policy plans. Continue reading......
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04.09.26 - 07:30
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How will bond market turbulence affect UK consumer finances? (The Guardian)
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Fixed-rate mortgages look set to rise, but pensions are more likely to weather the storm and there could be good news for saversThe bond market sell-off has sparked fresh fears of higher borrowing costs for UK households. We look at what the turmoil in financial markets could mean for your mortgage, pension and savings. Continue reading......
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03.09.26 - 10:54
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UK mortgage borrowers brace for rate jump amid global bond sell-off (The Guardian)
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Swap rates rise to three-year high as increase in oil prices leads to fears of higher inflationBusiness live – latest updatesHomeowners in the UK are braced for a jump in mortgage rates, driven by higher inflation and interest rate increase expectations amid turmoil in the global bond markets.UK swap rates, which lenders use to price mortgages, have risen to a three-year high, as this week's global bond market sell-off ripples through the economy. Continue reading......
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