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.
Debt Burden Quickens Power Shift as G-8 Loses Clout (Update2) (Bloomberg)
July 7 (Bloomberg) — The world’s most affluent nations will take decades to work off the biggest buildup in debt since World War II. The political costs may be permanent, laid bare at this week’s Group of Eight summit of leading industrial powers.
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.
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