Bonds


Finance

El Salvador's Debt Rating Cut to CC by Fitch

The rating agency said the country is likely to default on a January debt repayment because it has limited market access to raise the funds needed, in part because of its bitcoin adoption.

Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).

Markets

El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond

The offers have been viewed as an attempt to counter speculation about a potential default by the country.

El lanzamiento de los bonos bitcoin de El Salvador continúa demorado. (Esaú González, Unsplash)

Markets

El Salvador’s Bitcoin Bond Delays Continue; Investor Interest Wanes: Report

The chief technology officer at Bitfinex and Tether said he hopes the bond can still be rolled out this year, despite a plunging bitcoin price.

El lanzamiento de los bonos bitcoin de El Salvador continúa demorado. (Esaú González, Unsplash)

Markets

Bitcoin $24K Breakout Elusive as Treasury Yields Balk at Peak Inflation Narrative

Traders of risk assets, including bitcoin, might be wrong to conclude that inflation in the U.S. has peaked, the bond market activity suggests.

Bond markets question the bullish crypto market narrative concerning inflation. (geralt/Pixabay, modified by CoinDesk)

Policy

Bye-bye Brokers: EU Tries Stock Trading, the Web3 Way

A new European trial of blockchain-based securities trading is a “very good thing” for crypto fans, CoinDesk was told – but some worry it’s overcautious and rigid.

Distributed ledger technology could offer more direct access to financial markets, according to EU lawmakers hoping to trial this theory in the coming months. (Alistair Berg/Getty Images)

Markets

Bitcoin Trades Cautiously Even as Real Yield, Dollar Support Bullish Stance

The U.S. 10-year real yield has dropped 46 basis points in two weeks, offering bullish cues to risk assets, including bitcoin.

Bitcoin in stasis as real yield hits two-month low. (Alexas_Fotos/Pixabay)

Markets

El Salvador Introduces 2 Sovereign Debt Repurchase Bills in Effort to Allay Default Concerns

President Nayib Bukele announced that the Central American country seeks to buy back bonds maturing in 2023 and 2025 at market prices.

Nayib Bukele, president of El Salvador (Ulises Rodriguez/APHOTOGRAFIA/Getty Images).

Markets

Observers Cautious for Bitcoin as US Inflation-Adjusted Bond Yield Hits 2-Year High

Typically rising borrowing costs hurt risk assets, one research firm said.

Observers assess downside risk to bitcoin as bond yields spike. (Pixabay, modified by CoinDesk)

Markets

Post-Merge Ether Will Be a Commodity-Linked Bond, Could Rally to $10K, BitMEX Co-Founder Says

The post-Merge bond-like appeal and ESG-compliant label would make ether more attractive than other layer 1 cryptocurrencies, according to BitMEX co-founder Arthur Hayes.

(Pixabay, modified by CoinDesk)

Markets

Bitcoin Slides for Second Day as Analyst Warns of Dip Below $45K

The cryptocurrency slides again after eight straight days of gains.

The bitcoin price was around $45,945 as of press time, down 2.5% from Wednesday. (CoinDesk)