Free content

Special address by Wu Xiaoling, deputy governor of the People's Bank of China, at the Citigroup-INSEAD Women's Financial Education Summit 2004, Hong Kong, 2 November 2004.

Matthew Higgins and Thomas Klitgaard of the New York Federal Reserve examine the recent surge in central bank purchases, especially in Asian central banks, of foreign government securities and other foreign currency assets

While progress continues to be made in upgrading China's economic statistics, weaknesses remain in key areas

Significant progress has been made in recent years

Distressed investors are buying the bank debt of La Paloma Generating Project and there is some speculation that there could be a strategic buyer behind the trades.

Bill Schneider, high-yield trader at Federated Investment Management in Pittsburgh, will join Columbia Management Group in Boston as senior high-yield trader.

As LMW went to press last week, Citigroup was reportedly auctioning off a $143 million portfolio of 57 names.

Insight Investments is sticking with single-A and triple-B rated corporate bonds with short maturities, according to Andrew Evans, head of credit research in London.

Deutsche Bank Private Wealth Management may increase its duration from 90% to up to 100% of its benchmark's duration if yields on the 10-year Treasury note back up to 4.5% to 4.75% within the next six months.

The board of the Loan Syndications and Trading Association has voted to file an amicus brief in support of bank lenders in the Owens Corning case.

Twenty primary dealers in euro-denominated government securities have banded together to form the European Primary Dealers Association, and will kick-off business with a meeting to discuss best practices at the end of this month in London.