by bondevalue | Jan 19, 2021 | Credit Ratings, Macroeconomic news
US equity and bond markets were shut for Martin Luther King Day on Monday while European equities traded in a narrow range with DAX up 0.4%, CAC up 0.1% while FTSE fell 0.2%. US 10Y and 30Y Treasury yields are 3bp higher today. Italian PM Giuseppe Conte won a...
by bondevalue | Jan 19, 2021 | Credit Ratings
Fitch has downgraded Turkey’s cruise and commercial port provider Global Liman Isletmeleri’s (GLI) $250mn notes due in November 2021 by a massive five notches to CC from B. The rating leaves the notes deep inside junk territory and just two notches short...
by bondevalue | Jan 18, 2021 | Credit Ratings, Macroeconomic news
US equities ended lower last Friday as the S&P and Nasdaq were down 0.7% and 0.9% respectively. US 10Y Treasury yields moved 4bp lower with US headline and core retail sales for December falling 0.7% and 1.4% as consumer spending slowed down. US banks also...
by bondevalue | Jan 18, 2021 | Banks
JPMorgan Chase (JPMC), Wells Fargo and Citigroup reported earnings on Friday as the Q4 earnings season began last week. Below are highlights from their earnings: JPMC reported an EPS of $3.79 with net income up 42% to $12.1bn as it released $2.9bn in credit loss...
by bondevalue | Jan 18, 2021 | Sovereigns
Sri Lanka’s dollar bonds traded higher as the island nation’s trade deficit narrowed by $198mn to $565mn from $762mn in November, according to the latest central bank data. The narrowing margin was mainly due to a decline in import numbers rather than an...
by bondevalue | Jan 14, 2021 | China, Credit Ratings
US equities ended slightly higher as S&P and Nasdaq were up 0.2% and 0.4% respectively. The US House voted to impeach Trump for the Capitol Hill riots. US 10Y Treasury yields eased 4.6bp to go below 1.10% even as consumer price inflation (CPI) beat expectations at...
