The Philippines’ debt rose in July this year as the government borrowed money from abroad to cover a widening deficit.
Pimco’s Gross Increases Government Debt Holdings to 5-Year High (Bloomberg)
Oct. 15 (Bloomberg) — Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., last month increased holdings of government-related debt to 48 percent, the most since August 2004, from 44 percent in the previous month.
Debt forgiveness in few modified mortgages (The Nashua Telegraph)
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.
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