State’s short-term debt ratings suffer (San Francisco Chronicle)

California’s cash crisis is causing investors to back away from its short-term debt, which is increasing the state’s borrowing costs at a time it can ill afford it. In the most striking example, the tax-free yield on California’s commercial paper – which is… Sponsored Topics: Money market – Commercial paper – California – Financial Services – Business

India’s Bonds Fall as Debt-Sale Target Is Increased to Record (Bloomberg)

July 7 (Bloomberg) — Indian bonds fell for a second day after the government raised its annual debt-sale target by 25 percent to a record, seeking to bridge a budget deficit that’s set to reach the widest in 16 years.

Bawkena Refinances 3.7 Billion Rand of Debt, Business Day Says (Bloomberg)

July 7 (Bloomberg) — The Bakwena Platinum Corridor Concession has refinanced 3.7 billion rand ($464 million) of the infrastructure project’s debt, Business Day reported, without saying where it got the information.

Japanese Bonds Are Little Changed After 40-Year Debt Auction (Bloomberg)

July 7 (Bloomberg) — Japan’s bonds were little changed after an auction of 300 billion yen ($3.15 billion) in 40-year government debt today drew less demand than traders expected.