by bondevalue | Jul 3, 2020 | Asian Dollar Bonds, China, Corporates, Credit Ratings, Global, Global, High Yield Bonds, Investment Grade Bonds
Stronger than expected US NFP data of 4.8 million in June vs 3 million expected gave a knee-jerk rally for stocks. The unemployment rate also fell to 11.1% from 13.3% last month. The intraday rally was short-lived and reversed much of the gains as many are concerned...
by bondevalue | Jun 23, 2020 | Asian Dollar Bonds, China, Credit Ratings, Financial News, Global, Global, High Yield Bonds, India, Investment Grade Bonds
Markets started this week on a positive tone as investors look towards recovery as we get closer to quarter end. Economic growth and data this quarter have been some of the worst but markets have seen a record return primarily driven by central bank stimulus’...
by bondevalue | Jun 10, 2020 | Asian Dollar Bonds, China, Corporates, Credit Ratings, Financial News, Global, Global, Hong Kong, India, India, Sovereigns
The rally in markets cooled off overnight over concerns that the move could have overshot economic prospects as well as some profit taking. Tuesday also saw German figures that pointed to the biggest collapse in exports from Europe’s largest economy on record in...
by bondevalue | Jun 8, 2020 | Asian Dollar Bonds, China, Corporates, Financial News, Global, Global, Hong Kong, Interest Rate Trends, Sovereign Bonds, Sovereigns, U.S. Federal Reserve Bank, U.S. Treasury Yield
31% of dollar bonds in our universe are trading higher today vs. the start of the year (full story below). Friday’s Non-Farm Payroll (NFP) number of +2.5mn vs. an expected -7.5mn gave a 10mn upside surprise that caused a sharp rally in equity markets and...
by bondevalue | Dec 23, 2019 | China, Distressed / Defaulted Bonds, High Yield Bonds
Shandong Ruyi Techonology Group unexpectedly repaid bondholders on the maturity of its $345 million dollar bonds that came due on December 19. This comes against a backdrop of investor concerns over rising corporate bond defaults in China. The Chinese fashion and...
by bondevalue | Nov 11, 2019 | China, Distressed / Defaulted Bonds
Tsinghua Unigroup Co., one of China’s most strategically important technology companies, has seen the price of its dollar-denominated bonds sink as investors expressed fears over the chipmaker’s financial health. Its Hong Kong-traded $750 million bonds due in...
