Bloomberg Traders of India’s bonds were unnerved after the central bank cued that rising yields are here to stay by offering surprisingly high borrowing costs at a debt sale. The Reserve Bank of India (RBI) sold a 30-year bond at a cutoff yield of 6.75%, versus the 6.65% estimated in a Bloomberg survey. The central bank, which acts on behalf …

Bloomberg Japan’s biggest lender is planning to raise funds from individual investors to help smaller companies and hospitals tackle the coronavirus (Covid-19) pandemic. Mitsubishi UFJ Financial Group Inc. intends to issue sustainability bonds totalling as much as 150 billion yen ($1.42 billion) in September, after receiving requests from retail investors, according to Isamu Murofushi, a spokesman. The pandemic is boosting …

Bloomberg Singapore’s large pool of fiscal reserves is proving to be a boon for the nation’s currency. The city state’s dollar advanced to its highest level in six months last week — erasing its pandemic-driven losses — after the government unveiled another stimulus package, financed in part by unused expenditure from earlier budgets. With the total for pledged pandemic aid …