Tag - bonds

 
 

BONDS

Nomura’s reputation has taken a hit after it admitted to a bond market manipulation in October and following charges brought against a former employee in November on suspicion of robbery, arson and attempted murder of an elderly couple during a customer visit.
BUSINESS / Markets
Dec 2, 2024
Nomura’s Japan corporate bond market rank slips after probe
Japan’s biggest brokerage saw its position fall to sixth place in November and its market share shrink to 2.1%, the latest data shows.
Rakuten Group is considering the sale of hybrid perpetual notes that can be called after five years.
BUSINESS / Companies
Dec 2, 2024
Rakuten plans return to dollar bond market with hybrid notes
Rakuten’s liquidity has improved but an increased reliance on the dollar bond market may indicate weakened domestic funding access.
SoftBank is unhappy that Moody's continues to issue ratings on the company.
BUSINESS / Companies
Nov 28, 2024
SoftBank blasts Moody’s for unsolicited ratings
It says it is considering legal action against the agency, which has continued to publish unsolicited ratings of the company over the past several years.
BOJ Gov. Kazuo Ueda says that growing latent losses "would not hinder (the central bank's) ability to manage policy."
BUSINESS / Economy
Nov 28, 2024
Bank of Japan's latent losses on JGBs hits record ¥13.66 trillion
JGB prices fell after the central bank ended its negative interest rate policy in March and raised interest rates in July.
It’s hard to overstate the importance of the U.S. Treasury market as it sets global stock and bond prices and shapes U.S. deficit financing costs.
COMMENTARY / World
Nov 27, 2024
Bessent will have to fix America's finances. Good luck with that.
It’s hard to overstate the importance of the U.S. Treasury market as it sets global stock and bond prices and shapes U.S. deficit financing costs.
Kazuto Oku in Tokyo on Tuesday
BUSINESS / Economy
Nov 19, 2024
Norinchukin loss to exceed $9.7 billion as bank dumps foreign bonds
Traders and investors are closely watching how Norinchukin plans to reallocate its $304 billion investment portfolio.
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
BUSINESS / Markets
Nov 19, 2024
Two of America’s biggest debt holders are dumping Treasurys
Japanese investors sold a record $61.9 billion of the securities in the three months ended Sept. 30.
Japan’s megabanks have resumed trading activities with Nomura Holdings, people with knowledge of the matter said.
BUSINESS / Companies
Nov 18, 2024
Nomura's trading clients return after market manipulation probe
Many of the firms returned to Nomura after the brokerage explained measures it is taking to prevent a recurrence of the breach, sources said.
In 2017, the Tokyo Metropolitan Government became the first among Japan's local authorities to issue green bonds.
JAPAN / FOCUS
Nov 12, 2024
More municipalities tap green bonds as demand makes rates favorable
Green bond issuance by local government authorities in Japan has risen from ¥149.3 billion in 2022 to ¥443.1 billion in 2023.
While equity investors are optimistic about tax cuts and deregulation, concerns are emerging in the bond and currency markets, which are signaling fears of higher inflation due to Donald Trump’s economic proposals.
COMMENTARY / World
Nov 12, 2024
Trump’s market honeymoon won't last much longer
Stocks grab all the headlines, but bond and currency markets show where trouble might be brewing.
Tomoki Arai, head of markets at Bank of Yokohama
BUSINESS / Companies
Nov 8, 2024
Bank of Yokohama weighs Japan bond comeback with more rate hikes to come
More financial institutions are weighing a return to local debt after years of investing abroad.
Government Pension Investment Fund saw a loss of 3.6% in the three months through September, with assets totaling ¥248.2 trillion ($1.6 trillion), it said Friday.
BUSINESS / Companies
Nov 1, 2024
GPIF has worst loss since 2020 as yen strength hits assets
GPIF, one of the world’s largest state pension funds, incurred losses in three of four major asset classes.
Nomura Holdings said it paid the penalty on Thursday and apologized to clients and concerned parties.
BUSINESS / Companies
Oct 31, 2024
Nomura fined by Japan regulator for bond market manipulation
The fine, while small, may hurt Nomura’s reputation at a time when it is refocusing on Japan as a key growth area for its trading and investment banking operations.
Nomura Holdings CEO Kentaro Okuda. In addition to the financial penalties for market manipulation, Nomura is suffering a fresh blow to its reputation following various scandals over recent years including several data leaks.
BUSINESS / Companies
Oct 30, 2024
Trader's $10,000 spoofing profit haunts Nomura as the fallout widens
The firm’s problems are deepening as Nomura's rivals double down on efforts to poach clients.
The Bank of Japan headquarters in Tokyo. There is growing speculation that the central bank will push ahead with rate hikes in the coming months, particularly as the yen continues to weaken.
BUSINESS / Markets
Oct 23, 2024
Japan’s 40-year yield rises to highest since 2008 on Fed outlook
There is also growing speculation that the BOJ will push ahead with rate hikes in the coming months, particularly as the yen continues to weaken.
At least 10 firms have temporarily suspended some business activities with Nomura because of its market manipulation scandal.
BUSINESS / Companies
Oct 18, 2024
Big clients halt trades with Nomura over market manipulation scandal
At least 10 firms have temporarily suspended some business activities with Japan's biggest brokerage because of the breach.
Norinchukin Bank kicked off its first dollar bond sale since March last year to finance environmentally related projects.
BUSINESS / Companies
Oct 14, 2024
Norinchukin kicks off first dollar bond sale since losses
The bank started marketing a five-year green bond on Oct. 8 at a spread of around 155 basis points over Treasurys.
The Finance Ministry plans to suspend Nomura from the primary group of Japanese government bond dealers for a month from Tuesday.
BUSINESS / Companies
Oct 11, 2024
Japan suspends Nomura from bond auctions after manipulation
The action is another setback for Nomura after the revelations led several companies including Toyota Finance to take their bond underwriting business elsewhere.
Warren Buffett's Berkshire Hathaway is the largest foreign issuer of yen bonds this year, raising a record ¥545.1 billion.
BUSINESS / Markets
Oct 10, 2024
Berkshire issues bonds worth ¥282 billion, sparking Japan investment hopes
The seven-part bond deal is Berkshire’s biggest yen-denominated deal since 2019, and makes it the largest foreign issuer of yen bonds this year.
Three-month basis swaps for dollar-yen dropped to negative 53.5 basis points on Thursday, a level not seen since November 2023.
BUSINESS
Oct 5, 2024
Boom in samurai bond issuance drives up yen swap costs
Three-month basis swaps for dollar-yen dropped to negative 53.5 basis points on Thursday, a level not seen since November 2023.

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