NEW YORK—Russia’s central bank has cautiously reopened bond trading on the Moscow exchange for the first time since the country invaded Ukraine. The price of Russia’s ruble-denominated government debt fell Monday, sending borrowing costs higher. Stock trading has remained closed, with no word on when it might reopen. The central bank bought bonds to support…
Russia’s Central Bank Reopens Bond Trading
Proud Boys Leader Enrique Tarrio Charged, Denied Bail in Jan. 6 Capitol Breach Case
The leader of the Proud Boys group who was indicted last week on charges including conspiracy related to the Jan. 6, 2021 breach of the U.S. Capitol, has been ordered detained pending trial. A federal judge in Miami ordered that Enrique Tarrio, 38, be denied bail while he awaits trial, a Department of Justice spokesman…
Russia Warns Sovereign Bond Holders That Payments Depend on Sanctions
LONDON—Russia said on Sunday that sovereign bond payments will depend on sanctions imposed by the West over the invasion of Ukraine, raising the specter of its first major default on foreign bonds since the years following the 1917 Bolshevik revolution. Russia’s finance ministry said it would service and pay sovereign debts in full and on…
ECB’s Kazimir Calls for Ending Bond Buying in August: Bloomberg
FRANKFURT—European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favor of ending the ECB’s bond-buying program, which was designed to boost inflation in the eurozone. In an interview with Bloomberg, Kazimir said the Asset Purchase Programme (APP) could end in August but this should not be seen as paving…
Alex Murdaugh Attorneys Ask Judge to Lower $7 Million Bond
COLUMBIA, S.C.—Lawyers for prominent South Carolina attorney Alex Murdaugh said Monday that he’s so broke he can’t pay a phone bill—much less $7 million in bail—while a court-appointed overseer said Murdaugh needs to use whatever money he has to pay his alleged victims, not free himself from jail. In a virtual court hearing before a…
CME Plans March 7 Launch for 20-year US Treasury Bond Futures
NEW YORK—CME Group Inc. said on Monday it will launch futures on 20-year U.S. Treasury bonds on March 7, pending regulatory review, to help investors better manage their U.S. Treasury curve exposure. The U.S. Treasury Department reintroduced 20-year bonds in May 2020 and increased securities auction sizes across a range of maturities to raise cash…
Hawkish Fed, German Inflation Push 10-Year Bund Yield up Closer to Zero Percent
LONDON—-Germany’s 10-year bond yield lurched closer to positive territory on Thursday, just as borrowing costs across the euro area hit new highs in the face of a hawkish tone from the U.S. Federal Reserve and fresh signs of high German inflation. Italy’s 10-year bond yield was 4 basis points higher on the day at 1.28…
What If Stocks and Bonds Move Down at the Same Time?
Commentary What do your stocks, house, car, lawnmower, and expensive jewelry all have in common? If things get financially desperate enough, you’ll sell them all. At first thought, one might assume that there is no real correlation between a lawnmower and a car, but in times of serious stress, they all have to go—at the…
Bond Markets Don’t Buy Hawkish Fed’s View on How High US Rates Can Go
NEW YORK—The Federal Reserve’s more hawkish turn this week came amid heightened worries about economic recovery and inflation, but it has barely changed the bond market’s view that short-term interest rates could top out below the U.S. central bank’s estimated peak. Current betting even has rates staying below the inflation level the Fed projected over…
No Need Now for ECB to Boost Legacy Bond Purchase Scheme: Muller
FRANKFURT—Euro zone inflation could exceed the European Central Bank’s forecast in the long term, so there is no reason now to boost a legacy bond purchase programme when an emergency scheme ends next March, ECB policymaker Madis Muller said. The ECB is debating life after the 1.85 trillion euro ($2.08 trillion) Pandemic Emergency Purchase Programme…
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