NFP for June at a Record High of +4.8mn; US Junk Bond Funds Witness Big Outflows; SAIC to Buy Stake in CAR Inc
Stronger than expected US NFP data of 4.8 million in June vs 3 million expected gave a knee-jerk rally for stocks. The unemployment rate also fell to 11.1% from 13.3% last month. The intraday rally was short-lived and reversed much of the gains as many are concerned...
Q2 Sees 81% of $ Bonds Trade Higher, MTM Gain of $226bn, Record Global Issuance of $646bn
It was the best of quarters, it was the worst of quarters. As Q2 2020 came to a close, many equity markets saw some of their best performances this quarter despite the world being in the midst of a pandemic that has impacted almost every individual, business and...
Socgen & Weibo Launch $ Bonds; Takeda Raises $11bn via Jumbo Bond Sale
Wall Street rallied overnight despite no positive news except for US pending home sales, which rose by 44.3% month on month. Concerns over the virus still remain, but it looks like the bears in the market are still at bay. The Fed launched its Primary Market Corporate...
SMFG & Times China Launch $ Bonds; S&P ‘Junks’ Axis Bank & PFC; Fed Discloses Bond Purchases
As coronavirus cases globally cross the 10 million mark, with more than half a million deaths, markets are now worried about the potential impact of economies not reopening as soon as expected. With more than a quarter of cases globally in the US, and states like...
