Argentina’s Stumble to Default Caps Brutal Four-Year Decline

Argentina is on the verge of officially being declared in default just four years after a wave of optimism lured billions of dollars in investment. The country’s ambassador to the U.S. said it wouldn’t make $500 million of overdue payments whose grace period expired today until it can reach a restructuring deal with creditors, likely […]

Treasuries Close Nearly Flat Following Lackluster Session

After moving higher over the two previous sessions, treasuries turned in a lackluster performance during trading on Thursday. Bond prices spent the day bouncing back and forth across the unchanged line before closing roughly flat. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged down by less than a […]

Soaring government debt is now inevitable. It’s nothing to fear

It is clear Boris Johnson has favoured his health advisers as he looks to ease the lockdown. Worries about a second coronavirus outbreak have clinched victory over concerns about keeping much of industry and commerce in a state of suspended animation. After weeks of pleading by the Treasury to get the nation back to work, […]

Treasuries Close Lower Following Lackluster Session

Treasuries showed a lack of direction during trading on Friday before eventually ending the session moderately lower. Bond prices moved to the downside in afternoon trading and spending the morning bouncing back and forth across the unchanged line. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2 […]

Larry Kudlow’s War Bonds Are Coming But in a Plain Vanilla Wrapper

In this article President Donald Trump’s top economic adviser Larry Kudlow may get the war bonds he wants as the U.S. swells its debt pile to levels unlike anything seen since World War II. They won’t actually be called war bonds, an idea Kudlow says he discussed with Trump and Treasury Secretary Steven Mnuchin. They […]

Kudlow Says He Proposed ‘War Bonds’ for Coronavirus to Trump

President Donald Trump’s top economic adviser, Larry Kudlow, said Monday he supports a proposal for the U.S. to sell “war bonds” to finance the fight against its coronavirus outbreak, an idea Treasury Secretary Steven Mnuchin has refrained from endorsing. Kudlow told CNBC host Jim Cramer on Monday that he liked the broadcaster’s notion of a […]

AfDB Issues World’s Dollar Biggest Social Bond

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The African Development Bank said it issued the world’s biggest dollar social bond yet by selling $3 billion of notes to fight the impact of the coronavirus on the […]

D.E. Shaw Raises $2 Billion for Flagship Composite Hedge Fund

D.E. Shaw, one of the world’s biggest hedge funds, has raised $2 billion in commitments after opening its doors to new capital for the first time in seven years. The New York-based firm turned away additional investor interest, capping how much it’ll accept at $2 billion, according to a person briefed on the matter. That’s […]

Pandemic bonds prove good for investors, less so for nations battling coronavirus

Where to invest during the coronavirus crisis Barron’s managing editor Ben Levisohn, Barron’s associate editor Jack Hough and Barron’s reporter Carleton English and go over some financial positives in the midst of the coronavirus pandemics. LONDON (AP) — To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners […]

Bitcoin May Need Months to Recover, Fundstrat Chartist Says

Bitcoin’s technicals are in rough shape after its spectacular tumble last week and a recovery might take months, according to Fundstrat Global Advisors LLC. The largest cryptocurrency is trading about 40% below its mid-February high, with a particularly notable drop between March 12 and 13, when it lost more than $3,000 in about 16 hours. […]