Kenya will not seek to overhaul its debt under a G20 initiative because it fears that would curtail its ability to raise funds from global capital markets, a senior Treasury official said on Wednesday.
Oman's central bank instructed banks, finance companies and financial leasing firms to continue to grant a 12-month grace period for all existing and future borrowers whose services have been terminated, the state news agency ONA said.
The U.S. government posted a budget deficit of $311 billion in February, a record high for the month and up $76 billion from the same month last year, as outlays to fight the coronavirus pandemic remained high, the Treasury said on Wednesday.
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LONDON (Reuters) - Some of the world’s biggest investors are slashing exposure to government bonds on expectations that the debt sell-off is just getting started, and without too swift a rise in borrowing costs, most central banks will not intervene.
FILE PHOTO: Rolled Euro banknotes are placed on U.S. Dollar banknotes in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration
U.S. and European bonds have suffered their worst start to the year since 2013, with investors dumping government debt in anticipation that the $1.9 trillion U.S. fiscal stimulus package will power economic recovery and fuel inflation globally.