Indonesian officials are discussing joining the roster of countries issuing “panda” bonds denominated in China’s renminbi currency, two unnamed sources told the Financial Times.
Tag: interest rates
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POOR FARED WORST UNDER ECB RATE HIKES, STUDY SHOWS
As the European Central Bank (ECB) hiked its interest rates from July 2022 to fight inflation, lower-income households suffered more than higher earners, the bank’s economists reported in a new study.
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DEMAND FOR MORTGAGES SURGED IN NOVEMBER’S FIRST WEEK
During the week ending 7 November, mortgage demand increased the most since September, the Mortgage Bankers Association (MBA) said, ending the year’s home-selling season on a high note.
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IN THE U.S., FORECLOSURES ARE STEADILY INCREASING
In October, properties in some stage of foreclosure rose 3 percent from September to reach 36,766, a 19-percent gain year on year and the eighth consecutive month in which the number increased, according to property data service ATTOM.
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BUILDERS UNABLE TO SELL NEW HOUSES WITH 4-PERCENT MORTGAGES
Mortgage rates as low as 4 percent are still not motivating enough buyers to commit to home ownership, indicating the American housing market has more troubles than just too-high interest rates, The Wall Street Journal reported.
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U.S. BANKRUPTCIES GREW BY DOUBLE DIGITS IN OCTOBER
Last month, households and businesses filed 54,019 bankruptcy claims, up 12 percent year on year and 8 percent from September, according to Epiq, a leading bankruptcy tracking service.
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APARTMENT GLUT DUE TO EXTEND, SLOWING RENT INCREASES
Apartment rents are falling in key markets and increasing at their slowest rate in more than a year in others as the glut of flats is taking longer to work through than had been expected, the Financial Times reported.
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ZOMBIE CORPORATIONS ARE WALKING THE LAND
The number of “zombie” companies—those whose operating income is too small to cover interest payments on their debts—has reached its highest since early 2022.
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SPOTLIGHT: DANGERS IN THE PRIVATE CREDIT MARKET
The private credit market has ballooned in recent years, reaching an estimated $3 trillion at the beginning of 2025.
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HOMEOWNERS RUSH TO REFINANCE AS MORTGAGE RATE TICKS DOWN
A decline of 0.3 of a percentage point brought the national average mortgage interest rate to 6.26 percent over the three weeks ending 17 September, the lowest rate since last November, according to the Mortgage Bankers Association (MBA).