by bondevalue | Dec 1, 2020 | China, Distressed / Defaulted Bonds, Sovereign Bonds
US equities slipped as S&P closed lower by 0.5% while Nasdaq was flat. European equities were much weaker as the FTSE and CAC fell 1.59% and 1.42%, though the DAX held up better with a 0.33% decline. US 10Y Treasury yields stayed nearly unchanged and continued to...
by bondevalue | Nov 17, 2020 | Credit Ratings, Distressed / Defaulted Bonds, Sovereign Bonds
S&P continued to make a record high, up 1.2% with Moderna’s vaccine trial showing 94.5% efficacy in preventing Covid in participants. With oil up 3% yesterday, the energy sector led the gains in the broader market up 6% followed by industrials and financials up...
by bondevalue | Nov 13, 2020 | China, Distressed / Defaulted Bonds, Perpetual Bonds
S&P and Nasdaq posted losses of 1% and 0.65% yesterday. Sectors that dragged the broad market included energy down 3.3% while utilities and financials were down 1.7% each. Both headline and core CPI came in softer than expected while jobless claims numbers printed...
by bondevalue | Nov 11, 2020 | China, Distressed / Defaulted Bonds, Investment Grade Bonds
S&P ended marginally lower 0.14% while the rotation trade continued with Nasdaq down 1.4% as big tech stocks and those that benefitted from Covid got hit. Besides, the EU hit Amazon with formal antitrust charges. The DAX rose 0.51%, despite a 17 point drop in the...
by bondevalue | Oct 27, 2020 | Distressed / Defaulted Bonds, Investment Grade Bonds
US equities fell with the S&P down 1.9% and Nasdaq lower by 1.6% – energy and industrial sectors fell the most, by 3.5% and 2.5% respectively. Increased Covid-19 cases and hopes of a stimulus falling saw the risk-off sentiment pick-up. US 10Y Treasury yields...
by bondevalue | Oct 20, 2020 | Asian Dollar Bonds, Distressed / Defaulted Bonds, Sovereign Bonds
US stock markets fell yesterday with the S&P down 1.6%. Tech heavyweights like Apple, Amazon and Microsoft were down over 2% each. Netflix is scheduled to report earnings after market close. US House Speaker Pelosi and Treasury Secy. Mnuchin are in constant talks...
