U.S. bond funds posted a net outflow in the week to Nov. 24 as investors raised bets that the Federal Reserve would become more aggressive in normalizing monetary policy to fight inflation after President Joe Biden nominated Jerome Powell as chairperson for a second term. According to Refinitiv Lipper data, investors sold U.S. bond funds…
US Bond Funds See First Weekly Outflow in Over Four Months: Lipper
Germany’s Lufthansa Raises $1.7 Billion in Corporate Bond Sale
Germany’s Lufthansa said on Tuesday it raised 1.5 billion euros ($1.73 billion) in a corporate bond sale, its third bond sale this year, in order to boost the company’s liquidity and refinance debt. Earlier this year, the airline company, which was hit by a pandemic-related tourism crunch, raised a total of about 2.6 billion euros…
World Stocks at 1-Month High as Bond Yields Soften
LONDON—World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye-catching rise in recent weeks while the worrying trend of flattening global government bond yield curves paused, helping investors recoup…
‘Broader Financial Stress May Emerge:’ IMF Warning About Evergrande Crisis
Chinese property developer Evergrande’s struggles could ripple through the global economy, according to the International Monetary Fund (IMF). It came as the debt-laden property giant has missed payments on bond interests for the third time in three weeks. “While the authorities have the tools to step in if the situation were to escalate, there is…
Stocks Slip, Bond Yields Bounce as Oil Fuels Inflation Angst
HONG KONG―From Europe to Asia, shares fell and government bond yields rose on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation. The Euro STOXX 600 fell 1.8 percent, denting gains made in its best day in 11 weeks on Tuesday, with tech stocks down more than 2 percent…
Equity, Bond Funds See Inflows as Markets Hit Rough Patch: BOFA
LONDON—Global equity and bond funds saw modest inflows at the expense of cash and gold funds even as global markets hit a rough patch this week dominated by concerns about the U.S. debt ceiling and energy shortages in Europe and China, a weekly round-up by BofA showed on Friday. On a weekly basis, investors ploughed…
British Gardener Forms an Incredible and Unbreakable Bond With a Robin
A British gardener has formed a unique friendship with a robin named Bob whom he visits at least twice a week. Owing to Bob’s love for the camera, the pair have become world-famous for their heartwarming garden antics. Tony Putman, 39, who lives in the English town of Crowborough, East Sussex, met Bob in his hometown…
ECB to Mull Upping Regular Bond Purchases After Emergency Scheme: Bloomberg
FRANKFURT—The European Central Bank will discuss whether to raise its regular bond purchases when its pandemic-fighting scheme ends, ECB policymaker Madis Muller said in an interview published on Wednesday. “I realise that it would be a problem if there is a very sharp cliff effect at the end of the pandemic emergency purchase programme (PEPP),”…
Fed Officials Say Bond Taper Could Still Start This Year
The August slowdown in job growth won’t throw off the Federal Reserve’s plans to reduce its asset purchases this year, four Federal Reserve officials said on Wednesday, though some cautioned a final decision requires more data. In comments published overnight in the Wall Street Journal, Atlanta Fed president Raphael Bostic, a voting member on policy…
$750,000 Bond Set for Man Charged in Grandson’s Beating Death
MILWAUKEE—Bond was set at $750,000 cash Thursday for a Milwaukee man accused of fatally bludgeoning his 12-year-old grandson whom he accused of stealing his money. A criminal complaint alleges that Andrez Martina, 54, used a sledgehammer, mallet, and coat rack to beat Andre Smith II for up to 90 minutes on Sunday before the boy…
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