China recently returned to the global dollar bond market after three years, issuing $2bn in bonds with yields just slightly above US Treasuries, attracting nearly $40bn in orders. The sale, held in Saudi Arabia, demonstrates Beijing’s efforts to strengthen financial ties with the oil-rich kingdom, with 400 international investors participating. The issuance, which saw strong demand and tight spreads, serves as a symbolic move to broaden China’s financial cooperation globally and provide a benchmark for other issuers.
Full Article
Why AST SpaceMobile Stock Has Been Quietly Crushing the Market Lately
AST SpaceMobile (NASDAQ: ASTS), a provider of low Earth orbit satellites for cellular connectivity, has seen its stock surge over 330% in the past year, significantly outperforming the Nasdaq Composite's 20% rise. By addressing coverage gaps in rural areas with 2G, 4G, and 5G signals via low- to mid-band spectrums, AST competes effectively against larger players like SpaceX's Starlink. Want More Context? 🔎
Read more