Funding & Business
Australia’s No. 2 Pension Cuts Treasuries Bet on Rising US Risks
Australia’s second-biggest pension fund has grown increasingly bearish on US Treasuries due to concerns that Washington’s policies may stoke inflation.
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Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it’s us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in markets, finance and the economy. And sometimes it’s contributions from our network of expert guests and sources. Whatever it is, we promise it will always be interesting.
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Europe’s bond market is set to notch a record day of issuance as the UK and Italy offered jumbo deals, kickstarting a September rush for funding after a summer lull.
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Petroleos Mexicanos SA is offering to buy back some $10 billion worth of its global bonds with cash raised by the Mexican government, according to a statement.
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