China raised $ 6 billion in its latest bond

27 November 2019

Research

China raised $ 6 billion in its latest bond offender in the currency, after pulling in about $ 20 billion of investors for the sale, according to people familiar with the material. The Nation Sold $ 1.5 Billion of Three-Year Notes, $ 2 Billion ApiCe of Five and 10-Year Notes and a $ 500 Million 20-Year TRANCHE. The Strong Demand Allowed the Sovereign to Cut Pricing By 25 Basis Points on the Shortest Tranche to 35 Basis Points Above U.S. Treasuries, according to a person with knowledge of the sale who isn`t Authorized to Speak Publicly. (Bloomberg) U.S. President Donald Trump Declared Tuesday that Talks with China on the first phase of a trade deal nearly completion after negotiators from both sides spoke by phone, signaling progress on an according to the work in the works for nearly two years. "We`re in the final threes of a very important deal," Trump Told Reporters at the White House. "It`s going very well." (Bloomberg) U.S. Government Debt Price Rose on Tuesday as Investors Digested Weaker-Than-Expected Economic Data and the Latest Development on U.S.-China Trade. The yield on the benchmark 10-year treasury note, which moves inversely to price, was lower at around 1,7345%, while the yield on the 30-year treasury bond was also lower at around 2,1731%. Consumer Confidence Dipped for a Fourth Straight Month in November as Economic Conditions Weaken towards the end of 2019. The index for consumer confidence camera in 125.5 this month, comparated to a dow jones estimate of 126.6. (CNBC) Source: Danareksa Securities Debt Research Photo by Nuno Alberto On UNLLASH