Despite dire predictions that China faced a slew of defaults, few mainland borrowers have welshed amid various stripes of government intervention.» Read More
SHANGHAI, July 16- Chinese construction firm Huatong Road& Bridge Group Co Ltd said on Wednesday it might fail to pay investors both interest and principal due on a one-year short-term bill issue that matures on July 23. If Huatong fails to pay, it would be the first such publicly announced default in China's interbank market, the country's largest bond market.
Otto Dichtl, managing director at Stifel Nicolaus, comments on Portugal Telecom, as reports indicate that one of the holding companies of the Espirito Santo family, Rioforte, could fail to repay its debt.
YELLEN SAYS PRICES FOR REAL ESTATE, EQUITIES AND CORPORATE BONDS HAVE RISEN APPRECIABLY BUT REMAIN GENERALLY IN LINE WITH HISTORICAL NORMS.
*Concerns ease over Portugal's top bank. Yellen, who will go before the Senate Banking Committee Tuesday to deliver the latest report to Congress on monetary policy, could take a hawkish stance on raising interest rates in response to strong June jobs data, analysts and investors said.
So far this year, bond yields have thwarted forecasts they would rise, but many analysts are sticking with their calls for a march higher.
LONDON, July 10- Concern about the health of a parent company of Portugal's largest bank hurt bonds from the euro zone's periphery on Thursday, curbing demand at Greece's second debt sale following its 2012 default.
*Portugal's worries about BES group have regional reverberations. LONDON, July 10- Concern about the health of a parent company of Portugal's largest bank hurt bonds from the euro zone's periphery on Thursday, curbing demand at Greece's second debt sale following its 2012 default.
Markets have frustrated expectations for rising bond yields, but some bond managers are still antsy and are looking to protect their portfolios.
Emerging market bonds have been hot this year, erasing price falls following last year's "taper tantrum," but some say the rally may be getting old.
Yields on high-yield bonds already don't live up to their name, but some believe they could fall further despite expectations interest rates will rise.
YELLEN SAYS INCREASED RISK-TAKING IN CORPORATE BONDS, LEVERAGED LENDING COULD CAUSE FUTURE PROBLEMS, NEEDS MONITORING.
Traditional advice suggests rising interest rate expectations would spur shifts to short-duration bonds, but some think the long end is a better bet.
NEW YORK, June 30- Oracle Corp on Monday launched a US $10 billion seven-part bond offering to finance its pending acquisition of Micros Systems and potential share buybacks as it looks to boost growth. Oracle, the world's number two business software maker, announced it was buying Micros Systems last week.
ORACLE CORP LAUNCHES US $10 BILLION BOND OFFERING IN 3 TO 30 YEAR TENORS.
PARIS, June 27- BNP Paribas plans to slash its dividend and raise funds by selling billions of euros of bonds next week, as it nears a costly settlement with U.S. authorities over sanctions violations, the Wall Street Journal reported.
Despite a plethora of headwinds, Australia shares may be poised for a rally, as analysts expect more companies to pursue acquisitions.
LONDON, June 26- Norway's $890 billion oil fund, the biggest of its kind, needs an overhaul to boost its long-term performance and preserve wealth for future generations long after North Sea energy income has dried up, its chief told Reuters.
The rapid growth of electronic cigarette sales poses a rising risk to holders of as much as $96 billion of bonds tied to payments tobacco companies.
*Crisis hits Bulgaria ahead of bond road show. SOFIA, June 22- Bulgaria is ready to rescue Corporate Commercial Bank by injecting capital and enforcing losses on shareholders, the central bank said on Sunday, after a run on the country's No. 4 lender prompted the central bank to take it over on Friday.
Interest rates and whether bonds are expensive may be up for debate, but some are tipping bond picks, with emerging Europe among the favorites.