Gannicus Oliver

COVID-19 softened most real estate markets in Canada and not just sales volumes alone. According to data by the Canadian Real Estate Association  (CREA), Sales to New Listings Ratio (SNLR) declined in major markets. From February to May, all but three significant markets experienced inventory rise faster than sales.  SNLR: Only three markets experienced sales increase faster than inventory  SNLR is the number of sales, as a ratio of new listings....

Malaysian bonds have been top performers in this quarter in the Asian market, thanks to the succession of interest rate cuts. But deflation, diminishing expectations for yet another interest-rate cut, and an uncertain economy mean that there is more to come. Senior rates strategist at Australia & New Zealand Banking Group Ltd in Singapore stated in a research note: “We expect bond yields to have seen their lows this year. Malaysia’s political...

Thailand’s Central Bank recently stated that it successfully sold 50 billion baht ($1.6 billion) on Friday, in government savings bonds that leveraged blockchain technology. The project focuses on enabling investors to receive bonds faster and reduce operating costs when issuing bonds. The bank of Thailand new scripless bonds Through an official press release, Thailand’s Central Bank said the platform known as DLT Scripless Bond Project is a coll...

The European Commission prepares to issue green bonds for the first time, as investors and politicians ask Brussels to increase sustainable debt as part of its €750 billion borrowing splurges to fund Europe’s economic recovery from Coronavirus. The commissioner for the EU budget, Johannes Hahn, told Financial Times that Brussels is “exploring the possibility” of selling sustainable bonds which is part of the unrivaled debt-rising exercise likely...

Japanese bond fund reduces U.S treasury holdings ahead of the forthcoming presidential elections in the United States. Before now, the Federal Reserve promised to keep rates low for longer, diminishing returns, but November presidential elections give Japanese investors another reason to avoid treasury holdings. The chief executive chief fund manager at Mitsubishi UFJ Kokusai Asset Management Co. Tatsuya Higuchi stated: “Markets can become unstab...

Eurozone bonds yield dipped from recent highs in early trade on Tuesday, 1 September 2020; it follows Germany’s reading for August. According to Reuters’ poll, the information showed an inflation reading with just a decline of about 0.2%, although we could see more dip into the negative territory. The data followed Germany’s reading on Monday, and it showed consumer prices declining for the first time in more than four years, which spurred a litt...

Homebuyers are looking for larger homes than small ones amidst the pandemic. According to a new report from Redfin, typical homes that sold in a month ending August 16 were 3.7% larger (1,772 square feet) than those that got dealt a year earlier. This is compared with a 0.4% average year-over-year from 2015 to 2019. Sales for large homes increased by 21% year-over-year globally in July. The sales grew almost ten times faster for large homes than...

The Maharashtra government last week reduced stamp duty on the real estate sector to boost demand. The government stated that the 3% stamp duty cut in the realty sector would take effect from 1 September to 31 December 2020, while a 2% cut in stamp duty will be effective from January 2021 to March 2021. Before now, the government charged 5% in stamp duty in popular cities like Pune, Mumbai, Nagpur, and Nashik, while stamp duty charges were 6% in...

The Reserve Bank of India (RBI) hastened the speed for investors to invest in the sixth tranche of the sovereign bond. The move comes a few days after RBI began its Special Market Operation of simultaneous purchase and sale of the Government’s securities. The sale of gold by RBI opens on Monday (today) and ends on the 4th of September. The India Bullion and Jewelers Association stated that the bond’s nominal price solely relies on the simple aver...

The Asian Development Bank (ADB) recently issued offshore Pakistan rupee-linked bonds worth $200 million. According to the Bank, the rupee-linked bond will be for international investors to support Pakistan’s local currency and capital market. ADB tweeted: “ADB will issue bonds denominated in Pakistani rupee up to a value of $200 million equivalent to support local currency operations and develop capital markets. Pakistan approved ADB’s issuance...

This Wednesday, India’s Reserve Bank stated that it would buy and purchase longer tenor-bonds through two tranches in two special operations. Following the announcement, yields on 5.79% 2030 bonds moved up to 6.16% by seven basis points. It’s essential to know that the latest benchmark 5.77% 2030 debt decreased by four basis points before moving up by 30 basis points in the past three weeks. The Central Bank bought 100 billion rupees ($1.3 billio...

Minereum recently launched a new crypto bond to its community that ensures investors get up to 50% yield annually. Minereum, the first self-mining smart contract, launched this new offer in the Defi space, where traditional bonds – considered to be among the safest securities – will no longer be dependent on centralized issuers such as banks, municipalities, but pioneered by indubitable software code. Minereum offers users the ability to mine wit...

The Reserve Bank of India declared on Tuesday that it would simultaneously buy and purchase longer tenor bonds through two tranches in two special open market operations (OMOs) on the 27th of August, 2020, and 3rd of September, 2020. Amid the move, India traders weren’t impressed and say the Bank has to do more to assure investors. Indian government bond yields decreased shortly after the announcement of the special OMOs worth 200 billion rupees...

Germany launched its first “green” bond placing, which has the same coupon as conventional federal securities to sustain renewable energy and clean transport systems. The German government announced late last year about its intention to launch the bonds in the second half of 2020 in a bid to foster the country’s fight against climate change. Through its finance ministry, the government would gather up to $13 billion in 2020 to support the “green”...

BlackBull Markets – a multi-asset broker in New Zealand becomes a licensed broker after receiving a derivative issuer by the New Zealand’s financial regulator, the FMA. BlackBull Markets, the trading name of BlackBull Group Limited, offers different types of trading services – including Forex, CFDs, and commodities. The trading company was created in 2014 and since operated as a registered (but unlicensed) financial service provider in New Zealan...

According to Michael Schumacher, Managing Director of the leading American multinational financial services firm Wells Fargo, the dollar will lose its value further. Whereas, he predicts bond will strengthen. Schumacher blames the most recent decision by the Federal Reserve on interest rates alongside its dovish stand for the weakening trend of the dollar. Wells Fargo’s MD refers to the fiscal stimulus and massive monetary outlined to mitig...