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 26, 2020 | China, Corporates, Credit Ratings
US equities retreated from the rally over the last week as S&P ended marginally lower 0.16% while Nasdaq outperformed, up 0.5% as Tesla continued its rally. US Treasury yields were largely stable with 10Y yields down 1bp at 0.87% even as jobless claims data for...
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...
by bondevalue | Nov 24, 2020 | Asian Dollar Bonds, China, Sovereigns
US equities ended slightly higher with S&P up 0.6% led by energy, financials and industrials. US yields were higher with the 10Y and 30Y Treasury yields up 4bp and 5bp. News that former Fed Chair Janet Yellen will be nominated by President elect Joe Biden as the...
by bondevalue | Nov 19, 2020 | China, ESG Bonds, Sovereigns
US markets took a dive late in the day, reversing gains early on. S&P ended 1.2% lower and Nasdaq fell 0.8% as increased cases and closure of New York public schools due to Covid hurt risk sentiment. Tesla followed up its index inclusion rally, up 10%...
by bondevalue | Nov 16, 2020 | China, Corporates, High Yield Bonds, Sovereigns
S&P closed at a record high of 3,585 on Friday led by energy, industrials and the financial sectors. 10Y US Treasury yields were up 1bp to 0.88% with slight risk-on sentiment. On the macro data front, this week is relatively light but sees US Retail Sales, China’s...
