Global equity funds witnessed higher inflows in the seven days to Jan. 27, as investors remained hopeful of an economic recovery despite worries about a potential delay in stimulus and short-term hurdles in vaccine distribution.
Dallas Federal Reserve President Robert Kaplan on Monday said he expects broad vaccine distribution to unleash strong economic growth later this year, allowing the U.S. central bank to begin to pull back on some of its extraordinary monetary support.
Rising short-term rates spark speculation of tightening Analysts, investors expect more credit differentiation
SHANGHAI, Jan 29 (Reuters) - Tight cash conditions in China’s financial system are turning up the heat on corporate issuers and raising the risk of more defaults in the coming months amid signs authorities in Beijing are planning to scale back COVID stimulus.
Investors hold yuan-denominated corporate bonds worth nearly 2.6 trillion yuan ($402.19 billion) that are due to mature, or that allow investors to demand early repayment, in March and April, according to S&P Global Ratings.
The wave of maturities follows a flood of issuance in early 2020, as companies took advantage of China’s aggressive policy response to the COVID-19 pandemic to raise money at low rates.
Oman started selling U.S. dollar-denominated multi-tranche bonds on Thursday, a document showed, as the debt-burdened Gulf oil producer seeks fresh funding to cover a large fiscal shortfall.
China's short-term money rates climbed for a fourth straight day on Thursday, with some key tenors approaching the higher end of the interest rate corridor, as tight cash conditions persisted and market worries over a switch in authorities' policy stance mounted.