JAKARTA, Oct 15 (Reuters) – The International Finance Corp on Thursday said it plans to sell long-dated local currency bonds in the Indonesian debt market to fund its investments in Southeast Asia’s biggest economy, a move which may help develop the market.
Pimco’s Gross Boosts Government Debt, Cuts Mortgage Holdings (Bloomberg)
Oct. 15 (Bloomberg) — Bill Gross , who runs the world’s biggest bond fund at Pacific Investment Management Co. , increased holdings of government debt last month and cut mortgage bonds to the lowest level in more than four years.
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.
Tax debt at heart of Rainbow United’s bankruptcy (The Wichita Eagle)
Rainbows United failed to pay more than $2.3 million in federal withholding taxes over the past two years, and the resulting debt appears to be at the heart of the Chapter 11 bankruptcy the nonprofit filed late Thursday.
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.
Japanese Bonds May Rise as Deflation Boosts Demand for Debt (Bloomberg)
July 31 (Bloomberg) — Japan’s bonds may rise, paring this week’s loss, as a government report today is expected to show deepening deflation that would boost the purchasing power of the fixed payments from debt.
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