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 DOLLAR DUMP!!! post any other country or info you see!!!

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PostSubject: DOLLAR DUMP!!! post any other country or info you see!!!   DOLLAR DUMP!!! post any other country or info you see!!! I_icon_minitimeSun Apr 17, 2016 10:30 am

http://www.zerohedge.com/news/2016-04-17/hungary-issues-sovereign-bonds-denominated-yuan-another-nail-us-reserve-currency-sta


Hungary Issues Sovereign Bonds Denominated In Yuan: Another Nail In US Reserve Currency Status?
Submitted by Tyler Durden on 04/17/2016 - 10:35 
Hungary priced the three-year bond at a yield of 6.25%, raising 1 billion yuan ($154 million), a small size for a sovereign deal. Bankers not involved in the transaction estimate that if Hungary issued debt in U.S. dollars and swapped the proceeds into yuan, it would have paid almost 1% less in annual interest costs. The dim-sum market isn’t an appealing market right now. Issuance of offshore yuan bonds has been falling consistently since Beijing’s decision to devalue its currency by 2% in August last year—the prospect of another yuan devaluation has sapped much of the appeal of such bonds for offshore investors.
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PostSubject: Re: DOLLAR DUMP!!! post any other country or info you see!!!   DOLLAR DUMP!!! post any other country or info you see!!! I_icon_minitimeSun Apr 17, 2016 8:04 pm

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