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As IMF Talks Bog Down, Argentine Bonds Plunge Toward 30 Cents Bloomberg 3/8/2021 Scott Squires and Jorgelina do Rosario (Bloomberg) -- Six months after Argentina exited default, its new bonds have sunk to a mere 30 cents on the dollar. Popular Searches The depressed price is, in fairness, partly the result of the basic mechanics of the securities -- they carry artificially low interest rates and a generous grace period -- but it also reflects a grim reality that’s setting in on creditors: The IMF deal that the country desperately needs is a long ways off. Without that acco...

February 25, 2021 Several prominent economists think inflation is a growing concern for the US economy. There are signs that investors in the $20 trillion US Treasury market agree with them. Fixed-income investors are hyperaware of any increase in prices for goods and services because it eats into their returns, and they tend to demand higher yields (and therefore lower bond prices) when they’re worried about inflation. That’s why it’s notable that interest rates on 10- and 30-year Treasury securities are back to or higher than they were before coronavirus fears ripped through the globa...

Central banks are accelerating their work on digital currencies and investors are taking note.

Jan. 12, 2021 5:31 am ET In the third quarter of 2020, the dollar’s share of global foreign-exchange reserves slipped to its lowest level in almost a quarter of a century. But don’t let the figures fool you: The greenback is as central to the global financial system as it has ever been. International Monetary Fund data shows the dollar’s share of reported reserves fell to 60.5% in September. The drop has been magnified in nominal terms due to the currency’s depreciation over the past year. But even accounting for that, the real dollar exposure of... Adver...