Venezuelan Credit Dashboard: $726 Million Comes Due in August
Investors hold about 465 billion euros of corporate investment grade bonds at negative yields, which is 11 times as much as they owned in such securities at the start of the year, BofAML estimated last month.
The U.S. Treasury Department said on Monday it expects to borrow $201 billion in net marketable debt in the July-September quarter, about $47 billion higher than its estimate in May, due to lower anticipated receipts and an increased cash balance on Sept. 30.
Saudi Arabia is taking unprecedented steps to shore up its finances as the collapse in crude prices hobbles domestic banks, which hold 2.26 trillion riyals in assets, in a country that gets more than 70 percent of its revenue from oil. SAMA is seeking to stimulate borrowing and boost the financial industry. Liquidity has tightened since the government withdrew some of its deposits and sold local-currency debt to banks to fund the budget deficit.