The famed Fontainebleau is among luxury properties seeking to renegotiate terms with lenders, highlighting the toll of the coronavirus pandemic.
Bonds
Bond investors cautiously cheered a proposal by the European Union to issue centrally backed bonds for the first time, a move that attempts to address financial divisions that have long plagued the eurozone.
U.S. government-bond yields climbed, lifted by investors’ optimism over resumed economic activity around the world. The yield on the benchmark 10-year note rose toward the high end of its recent range.
Asia’s junk-bond market is slowly coming back to life, with Chinese property developers at the forefront of the recovery.
The debt wrapped up another strong week, reflecting investors’ hopes for an economic rebound and support from the Federal Reserve.
Bond yields in Europe’s riskiest economies fell after France and Germany proposed a recovery fund to support countries hard-hit by the coronavirus.
The coronavirus pandemic’s impact on American travel has made a winner of Apollo Global Management’s wager that Hertz Global Holdings would default on its debt, people familiar with the matter said.
Investors are lapping up a record amount of Southern European sovereign debt in a hunt for yield, and counting on the region’s central bank to backstop the riskiest bonds.
U.S. government bond prices edged lower after new data suggested consumers are feeling better about the economy than economists had expected.
A novel pandemic bond is paying out, delivering money for Covid-19 health care in some of the world’s poorest countries and providing lessons that big investors will scrutinize for future iterations of the security.
Federal-funds futures, which traders use to bet on the course of monetary policy, continued to show a chance of negative interest rates by April 2021, even after officials said the central bank isn’t considering cutting rates below zero.
Changes by the Federal Reserve to its TALF relief program for asset-backed debt markets could unclog a logjam in Wall Street’s pipeline of collateralized loan obligations.
U.S. government bond prices fell Friday after the April jobs report met but didn’t exceed economists’ dismal expectations.
The yield on the two-year Treasury settled at a record low after data showed the continuing hit to the U.S. labor market from the pandemic shutdowns.
Municipal-bond purchases of $100,000 or less surged in mid-March as the coronavirus crisis prompted big money managers to dump billions of dollars in bonds.
Two of the country’s largest municipal borrowers asked investors to buy bonds this week, a key test of the $3.8 trillion market where state and local governments turn to fund themselves.
The Treasury Department said Wednesday it plans to ramp up auction sizes of longer-dated securities and will issue a new 20-year bond at an initial offering of $20 billion, much larger than Wall Street analysts were expecting.
The coronavirus crisis has exposed a trans-Atlantic rift in the junk-bond market: Riskier U.S. companies have access, European ones don’t.
U.S. government-bond yields rose ahead of the Treasury Department’s announcement about how it will finance burgeoning deficits as the coronavirus pandemic upends the fiscal outlook.
Strong investor demand greets multibillion-dollar bond sales from airlines and aircraft makers.