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China's policymakers are about to actively attract foreign investment to the country's $3 trillion bond market, reportedly to help to shore up the struggling national currency. However, the currency appears to be a key barrier to the success of their ambitious plan.
Currently, foreigners own less than 2% of the Asian country’s $3.3 trillion in outstanding bonds and ascertain that getting their cash out of China as well as recent weakness of the closely monitored currency turned to be are obstacles to investment.
For the last two years Chinese bonds have demonstrated the highest yields in two years. Moreover, on the basis of 10-year sovereign debt, it appears to be the biggest interest rate gap with equivalent American Treasuries for eight months. It undoubtedly highlights the dilemma of a market, appealing on the one hand, but considered to carry too many risks on the other hand.
China nearly quadrupled the overall value of fixed-asset investment projects officially approved in July in contrast with June because the Chinese government ramped up infrastructure allocations for the purpose of stimulating surge in the world's number…
The US dollar index is lower today moving to 96.50. On Wednesday, the index tested levels near 97 but couldn’t stick there.
In July, Japan's export surge speeded down more than anticipated due to the fact that shipments to America kept tumbling for a second straight month…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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