by bondevalue | Aug 6, 2020 | Global, High Yield Bonds, India, Investment Grade Bonds
Another positive session overnight on Wall Street as solid earnings and hopes of the new Covid-19 stimulus package from US lawmakers improves sentiment. Data was mixed with only a slight increase in US ISM services index and a disappointing ADP employment report that...
by bondevalue | Aug 5, 2020 | Global, High Yield Bonds, Sovereign Bonds
Wall Street saw moderate overnight gains as US lawmakers moved closer to a stimulus deal despite differences between the Democrats and the Republicans. Rallying energy stocks helped give all three major indices a moderate increase. European shares were mixed and long...
by bondevalue | Jul 30, 2020 | Financial Institution Bonds, Global, Global, High Yield Bonds, Investment Grade Bonds
Wall Street gained overnight after reassuring comments from Fed Chair Jerome Powell that the Fed would use its “full range of tools” to keep interest rates at near zero for as long as necessary given that the upturn in coronavirus cases and the following...
by bondevalue | Jul 29, 2020 | Global, High Yield Bonds, Macroeconomic news, U.S. Federal Reserve Bank
Sentiment soured overnight on Wall Street as democrats and republicans argue over the stimulus plan, raising doubts about whether an agreement can be reached by Friday when millions of Americans stand to lose unemployment benefits. US consumer confidence slipped to...
by bondevalue | Jul 28, 2020 | China, Global, High Yield Bonds
Wall Street rallied on expectations of a congressional approval of further stimulus and a dovish Fed this week. The new package of $1tn, which is in the works still has some opposition from fiscal conservatives as well as the Democrats who passed a $3tn plan back in...
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...
