Analysis: Interest Rates

Ocado boosts firepower with 1 billion pounds capital raise

Ocado, the British online supermarket and technology group, plans to raise 1 billion pounds, giving it more firepower to capitalise on the rapid growth of the online grocery market triggered by the...

Macy's raises $4.5 billion to shore up funds as stores reopen, shares surge

Macy's Inc said on Monday it raised a total of $4.5 billion, including $3.15 billion in new borrowings against its real estate assets, as the department store chain tries to navigate through the...

Japan's economy minister warns against deepening negative rates

By Kaori Kaneko and Leika Kihara Japan should focus on back-stopping struggling businesses rather than trying to spark overall demand in fighting the coronavirus pandemic, its economy...

Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve

By David Randall Expectations that the global economy has dodged the worst-case coronavirus pandemic scenarios have led to a dramatic sell-off in U.S. government bonds from their record...

Bonds falter as blazing stock rally lures investors

By Ira Iosebashvili and Karen Brettell Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is...

Bank of Canada holds rates steady, says COVID-19 impact has likely peaked

By Kelsey Johnson and Julie Gordon The Bank of Canada held its key overnight interest rate steady on Wednesday and said the impact of the coronavirus pandemic on the global economy...

Bank of Canada to hold rates at 0.25% through end of next year - Reuters poll

By Mumal Rathore The Bank of Canada will hold interest rates at a record low of 0.25% until at least the end of next year as the economy reels from the coronavirus crisis, according to...

South African state asset manager proposes converting Eskom bonds into equity - chairman

South African state asset manager the Public Investment Corporation has submitted a proposal to government on converting bonds it holds in struggling state utility Eskom into equity, PIC chairman...

U.S. states, cities may snub Fed lending program over high rates

By Karen Pierog High borrowing costs will limit participation in a $500 billion U.S. Federal Reserve short-term borrowing program set up to address state and city revenue shortfalls due...

South Korea central bank cuts rates, expects economy to contract this year

By Cynthia Kim and Joori Roh South Korea's central bank cut its policy interest rate to a fresh low on Thursday, working in tandem with the government to extend liquidity to businesses...

Kenya central bank leaves rates unchanged, says past measures are being helpful

By Duncan Miriri and George Obulutsa Kenya's central bank kept its benchmark lending rate at 7.0% on Wednesday, as expected, judging that its current accommodative stance remained...

NIKKEI : BoJ's bond holdings edge towards the size of Japan's economy

By Leika Kihara The Bank of Japan's massive stimulus programme took the size of its government bond holdings to levels roughly 90% the size of the world's third-largest economy as of...

Macy's announces $1 billion bond offering to repay credit facility

Macy's Inc said on Tuesday it planned to raise $1.1 billion in a bond offering, backed by a first mortgage on some of its properties, to repay funds borrowed under a revolving credit facility. ...

BoE not remotely close to any decision on negative rates - Haldane

The Bank of England is not remotely close to any decision to take interest rates below zero for the first time as a way to help Britain's economy cope with the coronavirus crisis, the central bank's...

Tencent plans to sell billions of dollars in bonds globally

By Pei Li and Scott Murdoch Chinese social media and gaming giant Tencent Holdings is testing the market's appetite for a U.S. dollar bond deal it plans to offer, according to a term...

China to strengthen policy, lower lending rates, PBOC governor says

China will strengthen its economic policy and continue efforts to lower interest rates on loans, central bank Governor Yi Gang said, reinforcing expectations of further support measures to revive an...

Argentina defaults on bond payments as debt talks heat up

By Cassandra Garrison, Adam Jourdan and Hugh Bronstein Argentina missed payments on around $500 million in already delayed bond coupons on Friday, creditors and a ratings agency said,...

Deutsche Lufthansa : ECB minutes hint at more policy easing in June

The European Central Bank is fully prepared to provide even more stimulus as soon as June to support an economy that may shrink by a tenth this year due to the COVID-19 pandemic, the accounts of the...

Why bond investors are willing to bet on money-losing Pemex after oil price crash

By Stefanie Eschenbacher and Rodrigo Campos Mexico's state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in...