Oman plans to issue U.S. dollar-denominated bonds soon, targeting $3 billion to $4 billion with the deal, two sources said, as the Gulf state seeks to bolster finances badly hit by a slump in oil prices.
By Reuters Staff
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TOKYO, Feb 26 (Reuters) - Japan’s government must avoid loosening fiscal policy too much and issuing massive bonds on the assumption the central bank will keep monetary policy ultra-loose, Finance Minister Taro Aso said on Friday.
“Once Japan loses market trust over its finances, it will lose trust over its currency. In the worst-case scenario, we could see excessive inflation and sharp yen declines that would have an immediate, devastating impact on people’s livelihood,” he told parliament. (Reporting by Leika Kihara Editing by Chang-Ran Kim)
The selloff in U.S. Treasuries may finally give the bourses of Frankfurt, Paris or Milan a decisive edge for 2021 after five straight years of underperformance against Wall Street.
LONDON, Feb 26 (Reuters) - The U.S. dollar rose against most major currencies on Friday, lifted by an increase in U.S. bond yields overnight, while risk currencies such as the pound, Aussie and Kiwi dollar took a knock lower.
Government bonds, and particularly U.S. Treasuries, have become the focal point of markets globally. Traders have moved aggressively to price in earlier monetary tightening than the Federal Reserve and other central banks have signalled.
European stocks extended a global equity sell-off, with risk appetite souring as the surge in yields triggered inflation worries. Emerging-market and commodity-linked currencies continued to retreat Friday.