by bondevalue | Oct 21, 2020 | Banks, Corporates, Sovereign Bonds
US equities inched higher with the S&P up 0.5% led by the energy and financials sector up ~1% each. Tesla’s is scheduled to publish quarterly results after market close today. Meanwhile, the DoJ charged Google with multiple violations of US law; the stock did not...
by bondevalue | Oct 19, 2020 | Credit Ratings, Sovereign Bonds, Sovereigns
After moving ~1% higher mid-day, S&P ended flat on Friday. The energy sector lagged, down over 2% while utilities and healthcare were up over 1%. This week sees Intel, Tesla, Netflix, American Airlines and Verizon report earnings amongst others. US 10Y Treasury...
by bondevalue | Oct 2, 2020 | Credit Ratings, Financial News, High Yield Bonds, Investment Grade Bonds, Sovereign Bonds
US equities ended slightly higher by 0.5% even as tech led the way with NASDAQ up 1.4%.The Institute of Supply Management (ISM) Manufacturing number printed at 55.4 indicating pick-up in manufacturing activity in the US. Jobless claims for the week ending September 26...
by bondevalue | Aug 3, 2020 | Credit Ratings, Financial News, Global, Investment Grade Bonds, Sovereigns
Tech stocks rallied on Friday with Apple surging 10.5% after stunning quarterly results and a four for one stock split announcement. Facebook and Amazon also rallied 8.2% and 3.7% sending major US indices higher. European shares did not do as well as fading growth...
by bondevalue | Jul 24, 2020 | Credit Ratings, Global, High Yield Bonds
Sentiment has soured overnight in Wall Street as an unexpected increase in the US initial jobless claims number by 109K to 1.416mn, raised concerns that the recent lockdowns are stalling the economic recovery. Spiking coronavirus cases and rising US China tensions...
by bondevalue | Jul 24, 2020 | Credit Ratings, Sovereigns
The three major credit rating agencies, S&P, Fitch, and Moody’s came under fire on July 18, 2020 at the G20 meeting of finance ministers. The only woman finance minister, Nirmala Sitharaman in the group picked up the cudgel against the rating agencies by...
