Less than one in 50 mortgage modifications includes debt forgiveness, which is considered the surest way to prevent foreclosure. …
Japanese Bonds Decline as Stock Gains Reduce Demand for Debt (Bloomberg)
July 31 (Bloomberg) — Japan’s bonds fell for a second day, pushing up benchmark 10-year yields to a five-week high, as gains in regional stocks reduced demand for the relative safety of government debt.
Pimco Likes Australia Debt, 2009 Rate Rise Unlikely (Update1) (Bloomberg)
July 31 (Bloomberg) — Australian debt is attractive because the central bank will keep interest rates at half- century lows this year, according to Pacific Investment Management Co., which runs the world’s largest bond fund.
Australia May Face Debt Crisis From Grants to Young Home Buyers (Bloomberg)
May 11 (Bloomberg) — Australian Prime Minister Kevin Rudd ’s bid to ensure his housing market avoids the global property slump may push a generation of buyers into a debt crisis.
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