Asian shares are poised to rally on Tuesday as a halt in a recent bond markets sell-off calmed investor nerves and lifted riskier assets, although oil prices were on the defensive on fears of slowing Chinese energy consumption.
Wall Street stocks headed for a subdued start on Tuesday as investors paused to gauge if a jump in bond yields had run its course before dipping back into riskier assets.
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DUBAI (Reuters) - Abu Dhabi state fund Mubadala has hired banks to arrange a planned dual-tranche issue of euro-denominated bonds, a document seen by Reuters showed.
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Citi and JPMorgan were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley and Standard Chartered as joint bookrunners, the document from one of the banks showed.
They will hold investor calls starting on Tuesday, to be followed by an issue of six-year and 12-year euro-denominated bonds, subject to market conditions.
Reuters reported last month that Mubadala was planning an international bond sale.
El Salvador's president, Nayib Bukele, declared a major victory in legislative elections, citing a projection that his party and its allies had won the biggest congressional majority in the country's history.
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(Reuters) - Anxiety is building in bond and short-term funding markets over a pending regulatory change that could cause big Wall Street banks to pare their securities holdings and lending, industry sources said.
FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis
Fears about a rule called the supplementary leverage ratio, or SLR, come as fixed income markets have become more volatile. Inflation fears helped to send yields on longer-dated Treasuries last week to one-year highs, while flooded money markets briefly sent a key overnight borrowing rate below zero.