Bonds

Tax breaks and stimulus funds help investors leave behind worries about pandemic-related defaults.

Mortgage lenders issued $1.61 trillion in purchase loans in 2021, beating a record set in 2005, as a wave of Americans entered the housing market or sought larger homes.

U.S. banks won’t be allowed to issue new debt tied to the benchmark in 2022, leaving some firms struggling to decide how to proceed.

Optimism that Argentina will strike a new agreement with the International Monetary Fund has lifted prices of the country’s government debt by about 10% in December.

Banks in Europe are issuing covered bonds in droves, locking in super low borrowing costs ahead of possibly tighter monetary policy in 2022.

Kaisa said it had failed to make several payments on dollar bonds as planned, and is talking to creditors about a wide-ranging restructuring plan.

Investors say Chinese authorities are likely to ease up somewhat on the embattled real-estate sector and to loosen monetary policy, helping support Chinese corporate borrowers more broadly.

Fund managers are betting creditors will recover far more than the debt’s current prices suggest, despite the likelihood of a complex restructuring. The real-estate company has $20 billion of international bonds outstanding.

Officials also plan to accelerate the wind-down of the bond-buying stimulus program as they look to slow inflation.

U.S. government bond yields edged lower Friday after data showing the fastest inflation in decades reinforced investors’ expectations for the economy to start slowing next year.

Kaisa has failed to repay a $400 million bond that came due this week, while Evergrande missed a final bond-interest payment deadline.

The failure to make payments due on some U.S. dollar bonds Monday, according to people familiar with the matter, potentially sets the stage for a massive default and one of the China’s biggest debt restructurings.

Yields fall to multimonth lows with worries about tighter monetary policy and the Omicron variant weighing on expectations for economic growth.

Yields on government debt indicate the central bank won’t raise short-term rates above 2%, suggesting to some investors either economic weakness or market complacency.

Investors piled into government bonds and quickly recalibrated their expectations for interest-rate increases in response to the new Covid-19 variant identified in South Africa.

Government-debt markets shrugged off earlier Russian troop buildups, but this time is different, some investors say.

The yield on the 20-year Treasury bond is higher than the yield on the 30-year bond, a sign that demand for the relatively new type of security is less strong than officials and investors had expected.

Yields on U.S. government bonds extended gains after the White House said that President Biden would nominate Federal Reserve Chairman Jerome Powell for a second term.

Chinese property developer Yango Group, on the brink of default. has received approval for a debt swap that will allow it to delay payments.

U.S. government bond yields are showing signs of stabilizing near the top of their 2021 range after a bout of selling precipitated by last week’s surprisingly high inflation data.