Bonds News
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Treasury 10-year notes fell for the first time in five days as a report showed manufacturing in the U.S. expanded in December at the fastest pace in six months, damping demand for the safety of government debt.
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Governments of the world’s leading economies have more than $7.6 trillion of debt maturing this year, with most facing a rise in borrowing costs.
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UBS AG, Switzerland’s biggest bank, and a unit of ING Groep NV started the New Year by selling top- rated covered bonds to cut funding costs while satisfying investor demand for the safest securities.
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Brazil and Mexico, Latin America’s largest economies, are planning the year’s first emerging-market sovereign debt sales as they take advantage of borrowing costs near record lows.