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 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 | Corporates, High Yield Bonds
French retailer Casino Guichard and Teract SA, a European leader in sustainable, alternative and responsible distribution are in talks to merge their French retail operations. Talks are in exploratory stages and no conclusion has been made, Casino Guichard noted....
by Amruth Sundarkumar | Feb 1, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were 2-4bp lower across the curve on Tuesday. The peak Fed funds rate was down 1bp at 4.92% for the June 2023 meeting. With a 25bp rate hike expected today, markets will keenly watch for the Fed’s guidance on the future path of rates. The...
by Amruth Sundarkumar | Feb 1, 2023 | Corporates, High Yield Bonds, India
Vedanta Ltd. has decided to halt plans to sell Sterlite Copper, its copper smelter in Tamil Nadu, India, as per sources. While the initial planned size of the sale was not known, Sterlite has operated a 400,000 MTPA smelter and was responsible for 36% of India’s...
by Amruth Sundarkumar | Jan 31, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were a tad higher across the curve on Monday. The peak Fed funds rate was up 2bp at 4.93% for the June 2023 meeting. Markets now await the FOMC’s Wednesday meeting for more clues on the Fed’s rate hike path. While a 25bp hike is almost...
