SoftBank Downgraded; Ford Becomes Junk

The US stock market saw its first consecutive daily gain after more than a month. This syncs up well with the first new bond issue in Asia that has also come after a month. Markets are upbeat as the US Congress closes in for a fiscal stimulus plan to alleviate the...

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Fed to Buy Bonds from the Secondary Market

Financial markets are rallying this morning after the US Federal Reserve announced new measures, implying unlimited quantitative easing to support the flow of credit to households and businesses. Treasuries had a choppy session ending the day mostly unchanged. This...

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Adani Abott Point Downgraded To Junk

A time it was, and what a time it was, it was A time of innocence A time of confidences (Bookends theme, Simon & Garfunkel) No Confidence has been instilled. The last few weeks have seen central banks cut rates, announce buy-backs, fiscal stimulus, helicopter...

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CoCos Dive Again; Softbank & WeWork Bond Yields Spike

Asian markets struggled on Wednesday despite stimulus spending plans announced by various governments as the threat from a global recession loomed. S&P Global has forecast a global recession this year and their economists estimate world GDP growth in 2020 will be...

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