Bonds
U.S. Two-Year Treasury Yields Fall to Lowest This Year on Refuge Buying Treasury two-year note yields fell
to the lowest level this year on concern the rally in risk
assets has outpaced growth prospects and as Federal Reserve
officials signaled interest rates will remain near zero.
FDIC May Require Underwriter, Rater Pay Tied to Asset-Backed Bond Issues The Federal Deposit Insurance Corp.
may force underwriters and credit raters of asset-backed debt to
tie their compensation to the performance of the securities, as
it seeks to create better lending practices.
S&P, Moody's, Fitch Are Sued by Ohio Attorney General Over Credit Ratings Standard & Poor’s, Moody’s Corp. and
Fitch Inc. were sued by Ohio Attorney General Richard Cordray,
who said the three companies disregarded their responsibility to
provide “accurate credit ratings of investments.”
Argentina May Delay Defaulted Bond Swap Offer Until January, Boudou Says Argentina’s planned offer to swap as
much as $20 billion of defaulted debt to help it re-enter
international credit markets for the first time since 2001 may
be delayed until January, Economy Minister Amado Boudou said.
Emirates NBD May Seek Up to $2 Billion From Bond Sales in 2010, CEO Says Emirates NBD PJSC, the biggest
United Arab Emirates bank by assets, may raise as much as $2
billion selling bonds in foreign markets in 2010 to fund loan
growth.
German Bonds Advance on Concerns Global Economic Rebound May Falter German government bonds gained for
the first week in three as some investors bet the rally in
stocks may have outpaced prospects for economic growth, boosting
demand for the safety of fixed-income assets.
Royal Bank of Scotland Plans to Sell $7 Billion of Debt Backed by the U.K. Royal Bank of Scotland Plc plans to
sell $7 billion of debt due in March 2012 backed by the U.K.
government, according to a person familiar with the transaction.
Bond Rally Tails Off in Europe as Seven-Month Advance Sends Investors Away The European credit market’s seven-
month rally is tailing off as investors booked returns of as
much as 70 percent and sought opportunities in other assets
including stocks and commodities.
Japan's Bonds Gain a Second Week on Outlook for Interest Rates, Deflation Japan’s 20-year government bonds
gained for a second week after the central bank held interest
rates near zero amid mounting pressure for it to fight
deflation.
Goldman Says China's Five-Year Default Swaps to Tighten on Economic Growth China’s credit risk may fall to a
two-month low as the country posts “robust” economic
growth and demand for higher-yielding, emerging-market assets
rises, Goldman Sachs Group Inc. said.