China`s financial regulators are calling for more transparent and fair handling of default

26 December 2019

Research

Treasury Yields on Tuesday Hardly Budged, beginning a shortned day of trading due to the holiday season. At Around 1 P.M. Et, the yield on the benchmark 10-year treasury note, which moves inversely to price, was lower at 1,910%, while the yield on the 30-year treasury bond also moved down at 2,335%. Earlier in trading, the yield on the 2-year note hit a high of 1,671%, its highst level in two weeks. U.S. Markets will finish trading early on dec. 24 and will be closed on dec. 25, Christmas Day. (CNBC) China`s financial regulators are calling for more transparent and fair handling of default to restore investors confidence in the world’s second-largest bond market after repayment failures hit a high record this year. Improving the mechanism of handling bonds default will be essential to prevent and resolve financial risks, and it must be done in a way that is market-based and respects the rules of law, the statement cited liu guoqiang, a deputy central bank governor, as Saying at the meeting. (Bloomberg) Source: Danareksa Securities Debt Research Photo by Jeremy Cai On Unssplash