Oversea-Chinese Banking Corporation has launched the sale of bespoke tokenised bonds to corporate accredited investors, becoming the first bank in Singapore to do so. Corporate accredited investors refer to corporations with net assets exceeding $10 million. The tokenised bonds reference investment grade bonds and are structured based on the client’s desired tenor and yield. They are then minted and transferred to the client’s wallet on OCBC’s asset tokenisation platform.
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A popular bond-tracking ETF, $TLT, has posted a record $7.4 billion in net outflows over the last 2 months. This is nearly double the previous record seen in mid-2020, at the beginning of the bear market in long-term bonds
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BREAKING: Bond Buyers Take Note: China’s central bank said it will temporarily halt its buying of government bonds, after the benchmark yield slid to a record low this month.
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The Wealth Gap: While India’s 100 million wealthiest people are splurging on weddings, jewelry, and top-end apartments, over 400 million of their middle-class compatriots are cutting back on the purchases of consumables like cooking oil, soaps, and biscuits.
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Emerging-market stocks index entered correction territory Thursday, the result of a months-long rout brought on by uncertainty over US policies and China’s growth prospects. The MSCI EM stock index registered a 10% loss since an Oct. 2 high, marking a correction.
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Taiwan’s trade surplus with the US jumped by 83.5% to a record high in 2024—the sixth straight year the net figure has climbed. The widening imbalance may make the island a target of tariffs proposed by Trump. In contrast, net exports to China fell to the lowest since 2003
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