By David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Tuesday rejected suggestions by Republican senators that the Treasury is deliberately increasing issuance of short-term Treasury bills at higher interest rates to try to stimulate the economy ahead of the November presidential election. Yellen told a U.S. Senate subcommittee hearing that Treasury’s mix […]
Bill GrossPIMCO / YouTube Bill Gross says bond yields will be higher rather than lower in the near term as Treasury issuance surges. The US economy needs a high level of debt to propel the GDP growth, he said. Gross also said the “total return” bond strategy he helped develop in the 1980s is dead. […]
By Miho Uranaka TOKYO (Reuters) -Japanese e-commerce conglomerate Rakuten Group has raised the size of a planned dollar-denominated 3-year senior note issuance to $1.75 billion from $1 billion, according to a source close to the deal. The increase will allow the company to fully buy back its 10.25% senior notes and 3.546% senior notes due […]