[Tree] Kenya Airways bailout, Kenya's Eurobond repayment, Trimble's debt repayment and loan agreement termination
Version 0.24 (2024-06-15 09:57:12.139000)
updates: Kenya Airways seeks fresh bailout from Treasury
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Version 0.23 (2024-04-03 12:23:20.016000)
updates: Trimble clears $1 billion debt, terminates loan agreement
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Version 0.22 (2024-02-22 07:29:42.669000)
updates: Kenya successfully repays part of Eurobond, boosts investor confidence
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Version 0.21 (2024-02-08 07:13:56.583000)
updates: Kenya launches tender offers to repurchase Eurobond and announces new bond issuance
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Version 0.2 (2024-02-04 06:14:30.416000)
updates: The Ministry of Finance in Thailand is preparing to issue savings bonds worth 40 billion baht in March, open to the public.
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Version 0.19 (2024-01-16 13:34:45.582000)
updates: State Bank of India raises $600 million in bids for 5-year dollar bonds, Bangladesh increases dollar bond rates to attract investment
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Version 0.18 (2024-01-11 03:19:40.599000)
updates: State Bank of India successfully raises $600 million in bids for dollar bonds
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Version 0.17 (2024-01-05 08:24:23.846000)
updates: India bond yields rise as US Treasury yields impact demand
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Version 0.16 (2024-01-04 15:20:52.554000)
updates: Government bond yields ended almost unchanged on Thursday
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Version 0.15 (2024-01-03 06:18:33.498000)
updates: Government bond yields remained stable on Wednesday
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Version 0.14 (2023-12-18 14:03:01.986000)
updates: The Federal Reserve maintained its key interest rate unchanged for the third consecutive time. The Federal Open Market Committee's policymakers unanimously voted to retain the benchmark overnight borrowing rate within the target range of 5.25%-5.5%. The Committee indicated a minimum of three rate cuts in 2024. US Treasury yields and European Treasury yields declined after the Fed's dovish signals. The IBOXX € Liquid Corporates and IBOXX $ Domestic Corporates indexes gained. The ECB Governing Council kept its three key interest rates unchanged and announced plans to shrink its balance sheet. Investor enthusiasm following the Fed's announcements fueled the bond rally.
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Version 0.13 (2023-12-18 11:03:47.332000)
updates: The recent rally in U.S. Treasury bonds may be losing steam as the Federal Reserve's dovish pivot is already priced in. Some investors believe that further gains may be limited unless the economy significantly weakens. Technical factors and profit-taking by investors may also hinder the bond rally. Some Fed officials have pushed back against the view that a pivot is imminent. Economic data, such as personal consumption expenditures and initial jobless claims, will be closely watched to gauge the Fed's outlook for inflation. While a soft landing scenario is the base case for many Wall Street firms, some investors believe that yields will continue to fall. However, others caution that the decline in yields is already loosening financial conditions and could make it difficult for the Fed to cut rates without risking inflation. The rapid drop in yields was likely aided by bearish investors unwinding their bets after being caught off guard by the Fed's pivot. Short bets against two-year Treasuries hit record levels earlier this month. Overall, opinions on the future of the Treasury rally are mixed, with some believing it is overdone and others expecting yields to continue to decline.
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Version 0.11 (2023-12-17 22:01:12.052000)
updates: The story now includes information about Wall Street turning to short-dated debt to trade the Federal Reserve's pivot.
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Version 0.1 (2023-12-17 15:05:55.970000)
updates: The bond rally may be losing steam as investors believe further gains may be harder to come by unless the economy weakens significantly. Some investors believe that much of the dovish shift from the Fed is already priced into Treasury prices, and deeper cuts would only occur if the economy slows rapidly. Technical factors and concerns about overcrowding in the trade may also make it difficult for the bond rally to sustain itself. Some Fed officials have pushed back against the view that a pivot is imminent. Economic data next week, including personal consumption expenditures and initial jobless claims, will be closely watched for their impact on the Fed's outlook for inflation. While a soft landing scenario, with resilient growth and slowing inflation, is the base case for Wall Street firms, some investors believe yields will continue to fall. However, others caution that the decline in yields may make it more difficult for the Fed to cut rates next year without risking a snapback in inflation. The recent rally is seen by some as overdone and too fast.
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Version 0.09 (2023-12-16 01:32:57.168000)
updates: Updates on the recent Treasury rally and concerns about its sustainability
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Version 0.08 (2023-11-30 15:49:48.283000)
updates: Traders are reducing their bets on Federal Reserve rate cuts in 2024, causing a decline in Treasuries. The central bank, represented by President Mary Daly, stated that it is too early to declare victory against inflation and that rate cuts are not currently being considered. Earlier in the week, expectations for rate cuts had increased due to dovish comments by Fed Governor Christopher Waller.
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Version 0.07 (2023-11-29 21:40:22.301000)
updates: Bond yields fall on speculation of rate cuts
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Version 0.06 (2023-11-29 21:37:31.625000)
updates: Bond market rally amid speculation of Fed rate cuts and robust US GDP growth
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Version 0.05 (2023-11-21 20:01:13.583000)
updates: Added information about JPMorgan's forecast for US GDP growth and bond market rally
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Version 0.03 (2023-11-17 11:58:31.983000)
updates: Updated information on declining bond yields and Treasury yields
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Version 0.02 (2023-11-17 07:04:16.982000)
updates: Market dismisses ECB's rates message as bond yields decline
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Version 0.01 (2023-11-13 14:14:07.681000)
updates: Restructured and enhanced the story for clarity and impact
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