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USA/TERRITORIES

Puerto Rico Rally Hints at Acceptance of Broader Restructuring

Puerto Rico bonds are suggesting that investors are coming to the conclusion that Governor Alejandro Garcia Padilla will succeed in extracting broader concessions from debt holders after the commonwealth reached a tentative agreement to restructure the electric utility’s obligations.

To read the entire article, go to http://bloom.bg/1VxSeZZ

Gross Says Fed Move May Be ‘Too Little Too Late’ Amid Turmoil

Research President Jim Bianco discusses Fed policy, the markets and financial stability. He speaks on “Bloomberg Markets.”

Bill Gross said the Federal Reserve has waited so long to raise interest rates that any move now may be labeled “too little too late” as market turmoil restricts the room for policy makers to act.

To read the entire article, go to http://bloom.bg/1PL5hn1

Three Fed Indexes Are Pointing to the Tightest U.S. Financial Conditions Since 2012

On the back of the recent sell-off in stock and bond markets, a number of measures of U.S. financial conditions and financial stress compiled by regional Federal Reserve banks are signaling the tightest readings in three years.

To read the entire article, go to http://bloom.bg/1O9jb1X

Pimco assets under $100B for first time since ’07

Pimco’s flagship fund dropped below $100B for the first time in more than eight years, leaving it with a third of what it managed at its 2013 peak.

AUSTRAILIA

Aussie Retail Sales Unexpectedly Fall, First Time in 14 Months

Australian retail sales unexpectedly fell in July, the first drop since May 2014, as highly-indebted consumers put away their pocketbooks.

To read the entire article, go to http://bloom.bg/1XirLS9

ASIA

Korea Reserves Fall for Second Month in Sign of Won Intervention

South Korea’s foreign-exchange reserves dropped for a second month in August, a sign the central bank likely intervened to stem a slide in the won.

To read the entire article, go to http://bloom.bg/1FkmoGO

Japan Megabanks Show Asia Depreciation Concern After Loan Binge

Japanese banks may be starting to regret their biggest increase in overseas lending in 30 years as Asian economies slump and currencies tumble.

To read the entire article, go to http://bloom.bg/1JOiZWf

MIDDLE EAST

Yuan Effect Chokes Egypt as Trades Signal Pound Peg Is Too High

Traders are convinced Egypt won’t resist the pressure to weaken the pound for long.

To read the entire article, go to http://bloom.bg/1JAl5Fs

AFRICA

Falling Currencies Raise Debt-Service Fears Across Africa

In the past decade, countries across Africa, encouraged by surging commodity prices and a global appetite for high-risk debt, sold dollar bonds to finance everything from roads to railways to tuna-fishing fleets.

To read the entire article, go to http://bloom.bg/1hVG13h

EUROPE

ECB Said to Seek 645 Million Euros of Dutch, Irish Mortgage Debt

The European Central Bank is seeking to acquire as much as 645 million euros ($725 million) of Dutch and Irish mortgage bonds as it increases efforts to buy asset-backed securities, according to three people familiar with the matter.

To read the entire article, go to ECB Said to Seek 645 Million Euros of Dutch, Irish Mortgage Debt



		ECB Said to Seek 645 Million Euros of Dutch, Irish Mortgage Debt The European Central Bank is seeking to acquire as much as 645 million euros ($725 million) of Dutch and Irish mortgage bonds as it increases efforts to buy asset-backed securities, according to three people familiar with the matter.

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