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Germany’s yield curve flattens

Bloomberg Germany’s 30-year government bonds advanced for a fifth day, reducing the extra yield they offer over shorter maturities, known as flattening the yield curve, as the nation prepared to auction debt due in July 2044 on Wednesday. German bonds rose as European stocks declined with sliding oil prices prompting investors’ demand for safer assets. With the average yield on ...

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Foreign holdings of India bonds drop as rupee flirts with record

Bloomberg Foreign holdings of rupee-denominated debt are falling at the fastest pace since December as losses in Indian bonds deepen and the currency hovers near a record low. The nation’s sovereign notes have turned into Asia’s worst performers in 2016, from the best in the previous two years, amid concern Prime Minister Narendra Modi’s Feb. 29 budget will show fiscal ...

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Russian bank collapse shines light on risks in Irish shadows

Bloomberg Based in a drab office building in Dublin down the road from a pub frequented by Prime Minister Enda Kenny, VPB Funding Ltd. had no employees but one function: selling bonds. In 2013, it issued $225 million of unsecured notes. The proceeds of that sale were funneled to Vneshprombank Ltd., a Moscow lender whose license was revoked last month ...

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