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Stock of QE-eligible bunds shrinks as rally gathers pace

  Bloomberg A seventh straight week of gains in German bunds has pushed yields on securities of all maturities to unprecedented lows — leaving about $801 billion of debt out of the reach of the European Central Bank. The surge in sovereign debt since Britain’s vote to exit the European Union last month has pushed yields on about 70 percent ...

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Plunging pound’s fate seen clearer after BOE meets post-Brexit

  Bloomberg Traders will be watching the Bank of England’s first policy meeting since the Brexit referendum for fresh reasons to sell the pound. Speculation is building that BOE Governor Mark Carney will use the Thursday gathering to follow up on his pledge to take whatever steps are necessary to spur the economy. The chances of the central bank cutting ...

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Russia raises $816 million from world’s largest diamond miner sale

  Bloomberg Russia raised 52.2 billion rubles ($816 million) from the sale of Alrosa PJSC, the world’s largest diamond miner, according to a person with knowledge of the deal, the country’s biggest privatization in three years marred by economic uncertainty. Shares were priced at 65 rubles a piece, the person said, a 3.8 percent discount to the stock’s Friday closing ...

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