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India faces key test of risky bank debt

Bloomberg India is set to face its first test of demand for a riskier type of bank bond since the regulator introduced a cap on mutual funds’ investments in such securities. One of the nation’s largest regional lenders, Bank of Maharashtra, is seeking bids Monday for rupee-denominated Tier 2 notes in a sale that will be closely watched to gauge ...

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ECB boosts bond-buying after pledge to fight yield gains

Bloomberg The European Central Bank (ECB) finally delivered on its promise to boost the pace of emergency bond-buying to combat the economic threat from higher yields. Net purchases settled last week climbed by 21.1 billion euros ($25.2 billion), the most since the start of December. German bonds held marginally higher on the day, with 10-year yields dropping one basis point ...

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China’s stock benchmark falls back to key 5,000 support level

Bloomberg China’s equity benchmark edged back towards its 2021 low, briefly piercing through a key support level as traders sold everything from electronic cigarette stocks to raw-materials firms amid broader concerns over earnings and valuations. The CSI 300 Index falls 1% to close at 5,009.25 points, extending its decline from this year’s peak to nearly 14% just days after the ...

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