41. For the first time since the czars roamed St. Petersburg, an independent Russia plans to sell bonds on the world credit market. 42. Further gains in Tokyo trading in U.S. Treasuries, which typically set the tone for global credit markets, also bode well for Australian bonds. 43. German bunds, which frequently lead European credit markets, fell after a report on German money supply quelled hopes that rates there could be cut soon. 44. Gilts often follow the lead of U.S. Treasury market, which functions as the global benchmark credit market. 45. German bonds dictate direction for European credit markets. 46. Gross took some time last week to talk about his complaint with GE and the outlook for the rest of the credit market. 47. He noted, however, that credit markets failed to surge because the factory-orders report also pointed toward moderate growth in the future. 48. He said the credit markets were continuing to struggle with two major themes. 49. He said the problems in the credit markets actually helped established developers like himself, who can finance their own projects if necessary. 50. If both parties agree on the arrangement, Argentina would have improved standing in private credit markets, allowing it to borrow at lower rates. |