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 | Dec 23, 2020 | India, Sovereigns
US equities closed slightly lower with the Dow and S&P down 0.7% and 0.2% while Nasdaq outperformed, up 0.5%. News on Apple’s electric car production saw its stock rally ~3%. The US Congress approved the $892bn Covid relief package with both the House and Senate...
by bondevalue | Dec 11, 2020 | Credit Ratings, Southeast Asia, Sovereigns
Rating agency S&P downgraded the Sri Lankan sovereign rating to CCC+ from B- with a stable outlook. They cited that with the implementation of expansionary budget measures in Sri Lanka, the fiscal position would materially deteriorate over the next few years along...
by bondevalue | Dec 8, 2020 | European Central Bank, Insights, Sovereign Bonds, Sovereigns
Greece 10Y bond yields recently hit an all-time low of 0.61%, breaking through the lows it hit in February (0.91%) before the Covid19 induced crisis. The country which was at the center of the Eurozone debt crisis and considered the riskiest debt in Europe over the...
by bondevalue | Dec 7, 2020 | Banks, Credit Ratings, India, Sovereigns
S&P and Nasdaq ended Friday 0.9% and 0.7% higher led by the energy sector, which was up 5%. UK’s FTSE outperformed in Europe, up 0.9% while the GBP crossed 1.35, its highest since 2018. Non-farm payrolls for November printed at 245k, the lowest in six months vs....
by bondevalue | Nov 25, 2020 | Banks, China, Sovereigns
The Dow topped 30,000 for the first time while S&P and Nasdaq rallied 1.6% and 1.3%. Cyclicals like energy and financials rallied 5.1% and 3.5% respectively. US Treasury yields were higher with 10Y yields up 7bp and 30Y yields up 10bp. The positive risk-on...
