by bondevalue | Mar 5, 2021 | Credit Ratings, Macroeconomic news
Equities continued to sell-off with S&P down 1.3% and Nasdaq down 2.1%, bringing the tech heavy index to negative territory YTD. US 10Y Treasury yields jumped another 9bp to 1.58%. While Fed Chair Powell maintained his stance on bond buying, he mentioned that...
by bondevalue | Mar 4, 2021 | Credit Ratings, Macroeconomic news
The risk-on risk-off (RORO) sentiment continues as US equities fell again on Wednesday with the S&P down 1.3% and Nasdaq down 2.7% falling just below 13k. US 10Y Treasury yields rose by 8bp towards 1.5% after trading largely flat for three days despite the...
by bondevalue | Mar 3, 2021 | Credit Ratings, Macroeconomic news
After a respite on Monday, US equities closed in the red on Tuesday with the S&P down 0.8% and Nasdaq down 1.7%. US 10Y Treasury yields eased 3bp with the risk-off tone. While Wall Street moved lower, Europe’s FTSE, DAX and CAC 40 rose 0.4%, 0.2% and 0.3%. After...
by bondevalue | Mar 2, 2021 | Credit Ratings, Macroeconomic news
Risk-on sentiment boosted markets with a sea of green as the S&P closed up 2.4% and Nasdaq up 3%, their largest single-day gains since June 5. US 10Y Treasury yields eased slightly to ~1.44%. US ISM Manufacturing PMI came at 60.8 vs. expectations of 58.8, the...
by bondevalue | Mar 1, 2021 | Credit Ratings, Macroeconomic news
S&P was down 0.5% while Nasdaq was up 0.6% on Friday. Besides the tech sector, consumer discretionary also closed higher 0.6% while Energy and Financial were the biggest losers down 2.3% and 2%. US Treasury yields eased on Friday after a sharp climb on Thursday...
by bondevalue | Feb 26, 2021 | Credit Ratings, Macroeconomic news
Markets sold-off across asset classes with the S&P down 2.4% while the Nasdaq plunged 3.5%, its worst fall in four months. Popular stocks with rich valuations like Tesla, Square, Zoom fell over 8%, 4% and 5% while most FAANG stocks were down over 3% with the...