Topic: Debt

Eurobonds may be hailed by some as a potential solution to the Greek debt crisis, but likely would be met by skepticism in the open market.

U.S. Treasury bond prices remained solidly higher Wednesday, following a sale of five-year notes.

Strong demand for Germany’s two-year bonds, which offer nothing in return, shows that opening Pandora’s Box in Europe has sapped investor confidence, Jim O'Neill, chairman at Goldman Sachs Asset Management told CNBC’s “Worldwide Exchange.”

Germany dismissed a French-led call for euro zone nations to issue common bonds, a day before a European Union leaders' summit which investors are looking to for new measures to counter the bloc's debt crisis.

JPMorgan Chase is one of the best banks in the U.S., with some of the best managers in the industry, and one trading error will not change that, Richard Bove, vice president of equity research, financial sector, at Rochdale Securities, told CNBC’s “Worldwide Exchange.”

Benchmark U.S. Treasury debt prices fell for a third consecutive day on Tuesday as investors took profits from recent gains and pushed for lower prices going into auctions of government debt this week.

The markets have been oversold amid intense pessimism and a relief rally will be on its way within the next month, David Murrin, chief investment officer at alternative investment firm Emergent Asset Management, told CNBC’s “Worldwide Exchange”.

Outgoing Bank of England policy maker Adam Posen said on Tuesday that he could have done better with his economic forecasting during the financial and euro zone debt crises, and welcomes three reviews of the central bank’s performance that period.

There has been no official announcement. No terms or conditions have been disclosed. But Greece’s banking system is being propped up by an estimated €100 billion or so of emergency liquidity provided by the country’s central bank – approved secretly by the European Central Bank in Frankfurt. The FT reports.

South Korea’s President Lee Myung-bak says Greece needs to accept the terms of a $130 billion international bailout agreed in March and there will be no disbursement of money from the International Monetary Fund (IMF), unless the country does so.

China can now bypass Wall Street when buying U.S. government debt and go straight to the Treasury in what is the Treasury's first-ever direct relationship with a foreign government.

Britain's Barclays said it is to sell all of its $6.1 billion stake in U.S. asset manager BlackRock which it has held for almost three years.

U.S. Treasurys prices were mixed on Monday as investors took profits after a recent rally that was sparked by fears over a worsening of the European debt crisis and ahead of $99 billion in new Treasurys supply scheduled for this week.

The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times reports.