Macau’s casino industry is under scrutiny again with the arrest of the head of the world’s biggest junket.
China’s stressed developers face nearly $1.3 billion of bond payments in December, including a unit of China Evergrande Group and Kaisa Group Holdings Ltd., which will see grace periods ending in the middle of next month. China Overseas Land & Investment Ltd. meanwhile agreed to sell a stake in a project for about $173 million.
Shorter-maturity Indian bonds are poised to extend losses amid growing expectations the central bank will accelerate its policy normalization as the economic revival gains traction.
Treasury yields climbed across the curve Monday as traders deemed Friday’s tumble went too far, considering the latest newsflow on the omicron variant.
Gold fell after some concerns over the omicron coronavirus strain eased, boosting risk appetite even as the World Health Organization urged caution.
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