1-M HIBOR vs. LIBOR rates now at lowest level since 2007! The ten year yield is only 18 bps above the overnight rate

Two Large Chinese Borrowers Miss Bond Payments, Sources Say

Bloomberg7 hours ago
If China Minsheng ends up defaulting, it may rank alongside Wintime Energy as one of China’s biggest failures, with 232 billion yuan ($34.3 billion) of debt as of …

India’s Shadow Bank Tumult Casts a Widening Gloom

Bloomberg10 hours ago
This is despite authorities sequestering IL&FS’s $12.8 billion debt under a bankruptcy process; pumping $33 billion of durable liquidity into the banking system; …

German bund yield holds close to 2-1/2 year lows as economic woes …

Nasdaq5 hours ago
The spread of Italy’s 10-year debt over top rated Germany fell slightly to 284 basis … Investors sold Italian debt last week following an 8 billion 30-year bond sale …
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