by Amruth Sundarkumar | Jun 1, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were marginally lower by 2-3bp across the curve. Fed Governor and Vice-Chair Philip Jefferson hinted that the Fed may skip a rate hike at the June meeting and his remarks were also echoed by Philadelphia Fed President Patrick Harker (scroll below to...
by Amruth Sundarkumar | May 31, 2023 | Credit Ratings, Macroeconomic news
2Y and 5Y Treasury yields fell 11-13bp at close of the first US trading session this week, reacting to positive news on the debt ceiling limit that came during the long weekend. The US House Rules Committee, which controls the floor debate, voted 7-6 to advance the...
by Amruth Sundarkumar | May 30, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were near flat as US markets were closed yesterday due to the Memorial Day holiday. Overall, US government default fears have receded following the weekend debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy....
by Amruth Sundarkumar | May 30, 2023 | Credit Ratings, High Yield Bonds, India
Azure Power Global’s two group companies were downgraded by Moody’s. Azure Power Energy’s (APE) senior unsecured ratings were downgraded to B1 from Ba3 and Azure Power Solar Energy’s (APSE) senior unsecured ratings were cut to Ba3 from Ba2....
by Amruth Sundarkumar | May 29, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields were mixed, with the 2Y and 5Y up 3-4bp while back-end yields were 1-3bp lower. US President Joe Biden and House Speaker Kevin McCarthy have reached a tentative deal to raise the debt limit for two years and avert a US debt default. Biden and...
by Amruth Sundarkumar | May 26, 2023 | Credit Ratings, Macroeconomic news
US Treasury yields jumped across the board led by the 2Y and 5Y up the most, by 11-12bp. Robust labor market was seen to strengthen the case for a 25bp rate hike at the upcoming FOMC meeting in June. Initial jobless claims rose by 4k to 229k, well below the expected...
