Recent Posts

France borrowing for 50 yrs to tap investors tired of no yield

Bloomberg French bonds fell as investors awaited the government’s sale of ultra-long securities. The planned issue of 20- and 50- year debt, which will be conducted via banks and may price on Tuesday, was announced by the French Treasury. The nation is looking to raise longer-term funds to benefit from the euro zone’s low interest rates, while investors will likely ...

Read More »

Farmers get biggest US subsidy check in decade as prices drop

Bloomberg The agriculture slump is getting so bad in the U.S. that farmers are about to get more government aid than at any time in the past decade, signaling the rising public cost of crop surpluses and cheap food. About $13.9 billion of net farm income this year will be federal payments, or about 25 percent of total profit estimated ...

Read More »

Case of CSN: A 120%, 100-day rally no one saw it coming

Bloomberg The top stock in one of the world’s best-performing equity markets this year is a star no analyst saw rising. Cia. Siderurgica Nacional SA, or CSN, Brazil’s biggest steelmaker by market value, has more than doubled in the 100 days since trading began in 2016. The rally came as a shock to analysts who recommended selling the stock at ...

Read More »
Send this to a friend