Page 2 - Bond Default News Today

Indian defaults spark rules that drag bond sales to 13-year low SECTIONS Last Updated: Apr 19, 2021, 07:20 AM IST Share Synopsis ​Offerings of rupee notes have fallen to 34.4 billion rupees ($463 million) this month, the slowest start to a financial year since 2008. Bloomberg By Divya Patil Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market. Offerings of rupee notes have fallen to...

And i think the greater danger is actually in the bond market and the money market funds. when people say im concerned about rif they put their money in cash. when you put your money in cash its in money market funds buying short term government bonds. if you think the answer is i dont want to sell stocks because they are risky there might be a bond default. the answer is then to not to put everything in an instrument that is totally dependent on government bonds. its hard to track. in the end, ...

why congress may have breathing room when it comes to raising the debt ceiling on this "american morning." and good morning, everyone. it is wednesday, july 27th. this is "american morning." a lot going on today. lets get to it. >> it does feel like dueling bangoes, doesnt it? when you hear both sides of the debate theyre dug in but insist theyre right. >> and a growing number of americans want them not to be. >> they all say god bless america. how we get there is the question. >> tw...

veterans group there at pennsylvania avenue being briefed on what could happen to their ranks if the debt ceiling is not raised. also cnn is learning some states making contingency plans. california specifically taking out a temporary $5 billion loan just to help pay its bills in case congress fails to act and turmoil in the credit market makes it difficult to borrow money after august 2nd. take a walk with me. i want to look at what exactly is proposed here. we have two different plan...

wont support deep cuts without increases in taxes. >> if you are trying to get to 2.4 trillion without any revenue, then you are effectively gutting a whole bunch of domestic spending that is going to be too burdensome and not something that i would support. >> david gergen is the cnn political analyst. there was a time when john boehner and president obama both talked of doing something big to change americas unsustainable economic path. what do you think? do that you think that oppor...

to be severe. welcome to "your money." im ali velshi. august 2nd is the day the treasury department says it will no longer be able to pay all of our nations bills. and the united states will default on its debt. republicans are going to vote on their own plan this week, complete with spending cuts. but president obama says he wont support deep cuts without increases in taxes. >> if youre trying to get to $2.4 trillion without any revenue, then you are effectively gutting a whole bunch ...

Policy against a bond default, that makes no sense to me. >> senator dorgan, im confused. if you look at the abacus deal at goldman sachs, they created a synthetic bet on whether a bunch of bonds were going to collapse or not. and then, they bought a few billion dollars worth of naked credit default swaps as to whether that would actually happen. and then honestly, because as we know, wall street is all about making the dollars, my man, its not about investing or lending, its about getting the m...

About amending for? >> banning naked credit default swaps. and you ask, how does a credit default swap get naked? well that means that the by far the majority of what are called credit default swaps out there, are instruments that have no insurable interest on anything. a credit default swap is an insurance policy against a bond default. a naked swap is two people deciding, you know what, we dont have any interest in this bond, lets just make a wager on whether that bond fails or not. thats the ...

The rescue of banks of investors, of speculators, not so much when it comes to mom and pop working and struggling to save, to put their kids through college. >> why would that bet be a good bet? is it because of the pensions? is it because of the implied threat of the bond default, todd? is there something that -- these bonds speculators have mom and pop dont have to leverage the government and central banks into bailing them out uniquely? >> speaks to the enormity of this and its been cumulativ...