by Amruth Sundarkumar | Feb 3, 2023 | Credit Ratings, Macroeconomic news
Bond markets continued its rally with benchmark yields down ~3bp across the curve. The peak Fed funds rate was flat at 4.89% for the June 2023 meeting. Currently the probability of a 25bp hike in the FOMC March meeting stands at 89%. US IG CDS spreads tightened by...
by Amruth Sundarkumar | Feb 3, 2023 | High Yield Bonds, India
Track the latest bond prices of Adani Group by clicking on the bonds below Bond Bond Price (03-Feb-2023) Adani ICT 3% 2031 69.9 Adani Transmission 4.25% 2036 67.5 Adani Ports and SEZ 5% 2041 63.5 Adani Ports and SEZ 3.1% 2031 64.0 Adani Ports and SEZ 3.828% 2032 64.6...
by Amruth Sundarkumar | Feb 3, 2023 | Sovereign Bonds, Sovereigns
Sri Lanka has obtained the backing of the Paris Club helping clear a hurdle to unlock a $2.9bn bailout from the IMF, as per Bloomberg sources. The IMF is recently said to have received the assurance from the Paris Club that primarily comprises wealthy, western...
by Amruth Sundarkumar | Feb 2, 2023 | Credit Ratings, Macroeconomic news
Bond markets saw a sharp rally with benchmark yields down over 10bp across the curve after the FOMC meeting, where the Fed hiked its policy fed funds target range by 25bp to 4.5-4.75%. The peak Fed funds rate was down 4bp at 4.92% for the June 2023 meeting. At the...
by Amruth Sundarkumar | Feb 2, 2023 | China, High Yield Bonds
Dalian Wanda Group is said to be in discussions to secure an offshore loan to pay its $350mn 8,875% dollar bond due on March 21, as per sources. They noted that the company was in talks with ICBC and that the financing would be backed by onshore assets of Wanda. In...
