Worldwide
Greece Sells More Bills Than Planned as EU's Aid Promise Rekindles Demand Greece’s auction of Treasury bills
drew stronger demand than at a previous sale, signaling renewed
investor appetite at the government’s first offering of debt
since winning an aid package from the European Union.
China May Float Yuan by June 30, Avoid One-Time Revaluation, Survey Shows China may allow the yuan to
appreciate by June 30 to curb inflation while avoiding a one-
time jump in value that might endanger export jobs, a survey of
analysts showed.
Stocks Fall, Commodities Retreat After Alcoa Sales Miss Analyst Estimates Stocks and commodities fell, with
oil declining for a fifth day, as Alcoa Inc. reported sales that
disappointed investors and China damped speculation of an
imminent revaluation of the yuan.
Maturity Wall Shrinks by $196 Billion as Junk Bonds Surge: Credit Markets Record U.S. junk bond sales and a
rally in leveraged loans are chipping away at the $1.2 trillion
wall of maturing debt that’s threatened to cause a surge in
defaults.
Rupiah Appreciates Five Times More Than Yuan as China Revalues in History The best currency to own when China
lets the yuan appreciate won’t be the yuan, if history is any
guide. It’s everything from South Korea’s won to Singapore’s
dollar and Indonesia’s rupiah.
Lloyds Banking Said to Be Hiring 35 People for Fixed-Income Sales, Trading Lloyds Banking Group Plc, the
lender 41 percent-owned by the U.K. government, plans to
increase its debt capital markets unit by hiring 35 sales and
trading staff, said two people with knowledge of the decision.
Pimco Sees a `Near-Term Risk of Deflation' Once Central Banks Drain Cash Developed economies face the risk
of deflation as growth slows and central banks end programs to
revive their financial systems, according to Mihir Worah at
Pacific Investment Management Co., the biggest holder of
inflation-protected Treasuries.
Hu Says China to Follow Own Path on Yuan as Obama Pushes for `Market' Rate President Barack Obama urged China
to move toward a “more market-oriented exchange rate” and
President Hu Jintao told him the country wouldn’t yield to
“external pressure” in deciding when to adjust the yuan.
Thai Protesters Reject Offer of Polls in Six Months, Demand Abhisit Quit Thai protesters rejected a proposal
for an election in six months, saying Prime Minister Abhisit
Vejjajiva must immediately step down to end a monthlong
occupation of Bangkok that erupted into violence at the weekend.
FEEDBACK
HOME
